User Account

All Pages

Discuss the accounting treatment for the sale and purchase

Assignment Help Accounting Basics
Reference no: EM132864999

Bina Jaya Bhd is a property development company, whose main business is revolved around buying and selling properties. On 1 July 2020, Bina Jaya sold a piece of land in Bandar Ainsdale for RM3,000,000 to Lagoona Bhd. The directors were keen on purchasing back the land from Lagoona, and 3 months later, the land was purchased with the amount of RM3,700,000.

Problem 1: Discuss the accounting treatment for the sale and purchase of land by Bina Jaya in accordance with the provisions contained in IFRS 15, Revenue from contracts with Customers ?

Reference no: EM132864999

Questions Cloud

Discuss TBG ltd may claim a deduction for amount : Discuss whether TBG (PTY) Ltd may claim a deduction for the amount paid to Smith Joe. If so, calculate the amount that they may deduct
What the journal entry that would be recorded is : The exercise price on the options was $3 per share. If all options were exercised on the due date, the journal entry that would be recorded is
IMAT5210 e-Commerce Software Assignment : IMAT5210 e-Commerce Software Assignment Help and Solution, De Montfort University - Assessment Writing Service- What e-commerce web application
Determine the cost of goods sold and gross profit : Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30
Discuss the accounting treatment for the sale and purchase : Discuss the accounting treatment for the sale and purchase of land by Bina Jaya in accordance with the provisions contained in IFRS 15
What is the appropriate subsequent accounting for : Lessee entered into a 4-year lease of equipment with a 6-year. What is the appropriate subsequent accounting for, or presentation of, the right-of-use asset?
Impact of small businesses on the economy : Explore and illustrate the range of venture types that might be consider entrepreneurial and Assess the impact of small businesses on the economy
What the entry to record the forfeiture of shares is : What the entry to record the forfeiture of shares is? A company's capital consists of 100 000 ordinary shares issued at $2 and paid to $1 per share.
Which interpretation would you expect each party to prefer : Julia currently is considering the purchase of some land to be held as an investment. Which interpretation would you expect each party to prefer

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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