Accounting treatement of the event

Assignment Help Accounting Basics
Reference no: EM13154531

A customer of company ABC seems to be doubtful at balance sheet date.therefore company made the provision for the customer at the rate 5%.after the balance sheet date.customer paid 80% of the total amount.required:identify the type of event.2.what will be the accounting treatement of this event?

Reference no: EM13154531

Questions Cloud

Calculate the number of moles of gas in the sample : A sample of nitrogen gas in a 4.4-L container at a temperature of 35°C exerts a pressure of 3.7 atm. Calculate the number of moles of gas in the sample.
Confidence interval estimate of difference in sample means : Consider the following results for two samples randomly taken from two populations. Construct a 99 percent confidence interval estimate of the difference between the two sample means.
What is the probability of a positive npv : what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?
What is the total volume of gaseous products : What is the total volume of gaseous products, measured at 332°C and 732 torr, when an automobile engine burns 100. g C8H18 (a typical component of gasoline)? Answer needs to be in Liters
Accounting treatement of the event : A customer of company ABC seems to be doubtful at balance sheet date.therefore company made the provision for the customer at the rate 5%.after the balance sheet date.customer paid 80% of the total amount.required:identify the type of event.2.what..
Explain the presence of a medium intensity band near : The presence of a carboxyl band near 1640 cm-1 and two bands near 3000 cm-1 is good evidence of an alcohol B) The presence of a sharp, medium intensity band near 2720 cm-1 and a strong carbonyl band near 1700 cm-1 is good evidence of an alcohol
Why do the people of kansas buy most of their tomatoes : Tomatoes grow well in Kansas. Why do the people of Kansas buy most of their tomatoes from Florida, Mexico, and California?
Organize the data into a frequency distribution : The Quick Change Oil Company has a number of outlets. The numbers of oil changes at the Oak Street outlet in the past 20 days are: Organize the data into a frequency distribution and include the relative frequency distribution.
Result of increase in fair value of investments : At December 31, 2008, the fair value of the securities was $585,000. What should Quinn report on its 2008 income statement as a result of the increase in fair value of the investments in 2008?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd