User Account

All Pages

Explain substantive test under purchase cycle system

Assignment Help Accounting Basics
Reference no: EM132774444

Problem 1) Explain (6) six the weekness and recommendation that can found in wine shop company based purchase cycle system

Problem 2) Explain (6) six elements , test of control , substantive test under Purchase Cycle system with explaination that commonly can found in Wine shop/company

Reference no: EM132774444

Questions Cloud

Interact with them in supervisory role : Compare needs, values, and motivations for two age groups of workers and how you would interact with them in a supervisory role
Discuss about the terrorist group with example : This week, you take the role of an expert serving on a commission to predict the possible tactics and weapons of a terrorist group. Choose a terrorist group.
What will be cougar settlement payment from aggie : Cougar Company received a two-year $500,000 loan. If the interest rate on January 1, 2003 is 8 percent, what will be Cougar's settlement payment to/from Aggie?
Should the company purchase the patent : The production analyst of Unilever is faced, If product is successfully developed, it will give an income of ?800,000. Should the company purchase the patent?
Explain substantive test under purchase cycle system : Explain (6) six elements , test of control , substantive test under Purchase Cycle system with explaination that commonly can found in Wine shop/company
Describe the globalization erodes standards : "Globalization erodes standards of living and ruins ways of life. Specifically, globalization eliminates jobs and lowers wages in developed countries.
What is the purpose of preparing consolidated statements : What is the purpose of preparing consolidated statements as well as separate financial statements? Do we need to prepare separate financial statements
Identify firms equilibrium price and quantity in the market : You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T.
Describe a pricing decision your company has made : Describe a pricing decision your company has made. Was it optimal? If not, why not? How would you adjust price? Compute the profit consequences of the change.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the balance of the inventory account on january

At December 31 last year, the company's inventory amounted to $200,000. Compute the balance of the Inventory account on January 31

  Statement regarding the intercompany sale of land

Which of the following statements is true regarding an intercompany sale of land?

  Ashbrook company adopted the dollar-value lifo method

Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

  You know that both internal and external users have not

you know that both internal and external users have not only the short-term success but also the long-term success of

  Information regarding maturity risk premium

Assume that the real risk-free rate, r, is 3 percent and that inflation is expected to be 8 percent in Year 1, 5 percent in Year 2 and 4 percent thereafter.

  Marketline database and wall street journal

Complete a perceptual map that includes a minimum of 10 competitors from that same industry. Explain why you placed each competitor on its particular spot on the map.

  Explain why did the bsp decide to decrease policy rates

Why did the BSP decide to decrease policy rates? The Bangko Sentral ng Pilipinas (BSP) implemented a series of rate cuts in 2020 from 4% at the start of year.

  Cargo paid on the machinery

Machinery worth Rs. 45,000 obtained on 1-10-08 was indicated as Purchases. Cargo paid on the Machinery was Rs. 5,000, which is incorporated in Freight on Purchases.

  What is the contract-based approach is accounting for lease

Explain how leases are classified into capital lease or operating lease under ASPE. What is the contract-based approach is accounting for a lease?

  Flexible budgeting problem

The cost formula for the maintenance department of Rainbow, Ltd., is $12,600 per month plus $4.50 per machine hour used by the production department.

  Journalize the transactions

Monty Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, Journalize the transactions

  All inventories were sold to customers for 8000 the company

bhangoo inc. had the following transactions in its first month of operations1. the owner had invested 10000 cash in the

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