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Laxmi Limited purchased a machine for Rs.400000 on 1st july,2005.Depreciation is provided @ 10 p.a. on the Diminishing Balance Method on 1st october,2007,one fourth of the machine was found unsuitable and disposed off for Rs.60,000. On the same date a new machine at acist of Rs.1,50,000 was purchased. Prepare machine account from 2005 to 2008. The accounts are closed on 31st december each year
If you are planning on buying 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 9 percent at the time of your purchase?
taylor is buying some land from jones. taylors credit is so bad that he cannot get a mortgage so jones is providing
A local bank advertises that it offers a free noninterest bearing checking account if the depositor maintains a $500 minimum balance in the account. Is the checking account truly free?
marin company is currently producing 16800 units per month which is 77 of its production capacity. variable
safe n bright inc. produces outside doors for installation on homes. the following information was gathered to prepare
a decrease in the prepaid expenses account of 1000 over the course of a year would be shown on the companys statement
colasuonno corporation has two divisions the west division and the east division. the corporations net operating income
scholes systems supplies a particular type of office chair to large retailers such as target costco and office max.
adjusting entries are required at the end of the period to ensure that accrual accounting principles are applied. at
What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?
discuss the objectives for weeks one and two. your discussion should include the topics you feel comfortable with any
What are the differences between accrual and cash basis accounting? Why is cash accounting not appropriate for financial reporting?
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