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Question - From the following details how much should be charged to profit and loss A/c as debs during the current year.
Provisions for bad debts A/c as on 1-4-2006 Rs. 22,000
Actual bad debts during 2006-07 Rs. 20,000
Debtors balance as on 31-3-2007 Rs. 80,000
Debtors includes Rs. 5,000 due by the proprietor for the goods withdrawn for self-use
A credit sales of Rs.4,500 was erroneously recorded in the sales day book as Rs. 5,400.
Provisions for bad debts to be made@5% of total debtors.
Discuss the process for hypothesis testing
Father, inc. buys 80 percent of the outstanding common stock of sam corporation on January 1, 2009 for $680000 cash. at the acquisition date, sam's total fair value was assessed at $850,000 although sam's book vale was only $600,000.
As a result of these transactions, what is the amount of warranty expense for the year and what is the ending balance in Warranty Payable.
What is a conceptual framework? Why is a conceptual framework necessary in financial accounting?
assume that last year 2011 a amp a products had a net operating loss of50000 and for this problem a amp a products
Selected accounts for Nina's Salon are presented below. All June 30 postings are from closing entries.
Record these transactions in the General Ledger accounts of the Aslan County General Fund. Compute the investment income that should be reported for this investment.
The Financial Accounting Standards Board (FASB) issued the FASB Accounting Standards Codification on July 1, 2009. This Codification is the "single source of authoritative nongovernmental U.S. Generally Accepted Accounting Principles (GAAP)" and i..
Didde Company issued $400,000 of 8%, 20-year bonds on January 1, 2010 at face value. Interest is payable annually on January 1. Prepare the journal entries to record the following events:
locate the 2009 financial statements for the walt disney company on the internet and consider the following1.does
Blakeslee Machinery announced this morning that their next annual dividend will be increased to $2.10 a share and that future dividends will be lowered by 2 percent per year. The stock price after the announcement settled at $16 a share. What is t..
the woody company manufactures slipper and sells them at 10 a pair. variable manufacturing costs are 4.50 a pair and
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