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Problem 1: You have been employed to establish a computerised accounting system in a small organisation. The organisation currently uses a ledger card system for its accounts. The organisation has chosen a popular proprietary accounting software system. Describe the steps to be taken prior to inputting the data into the computerised system and how you would go about implementing the new system.
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Post information for at least two years. How does your corporation perform with value to these ratios?
What are the three key dates for dividends? What are the journal entries, if any, for each date? What are the components of pension expense? Be sure and indicate if each component increases or decreases pension expense.
Returned $200 of the inventory that it had purchased because the inventory was damaged in transit. The freight company agreed to pay the return freight cost.
Prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2015. (1-6 above) Draft the income tax expense section of the income statement, beginning with Income before income taxes.
At the beginning of its 2016 fiscal year, Amershan Co. purchased equipment for $100,000. The equipment is expected to have a five-year life useful life with no residual value. At the end of the year, the company chooses to revalue the equipment. The ..
The following inventory note appears in General Electric’s 2011 annual report. General Electric Company Edited Inventory Note 2011 2010 (millions of dollars) Raw materials and work in process $ 4,894 $ 4,708 Finished goods 4,379 3,951 Unbilled shipme..
Find the present value of a fifteen year ordinary annuity that pays $1,340 monthly if the interest rate is 10% compounded monthly for the first 7 years
Prepare the journal entry (or entries), including subsidiary ledger entries, to record the Town of Bedford Falls's General Fund operating budget on July 1, 2016, the beginning of the Town's 2017 fiscal year.
Which of the following would be classified as a variable cost: straight-time depreciation on production equipment copy lease payment of 500 per month plus 0.01 per copy. fabric for use in quits to be produce salary of the department manager
Compute the standard quanity allowed 4 material for the month production I need to comute the standard quanity of material allowed per unit of products
Prepare a pension worksheet for 2011 and accompanying computations and amortization of the loss. - Prepare the journal entries.
Dahlia Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $550 million. Current assets, fixed assets, and short-term debt are 20 percent, 80 perce..
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