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Record entries journal for events occurred in January also record all the accrual accounting adjustments that are necessary to determine profit for the month. (2) prepare trail balance at 31st January 2018(use opening valnce of each account given below)-cash at Bank 6000, account receivable 10000 inventory 12000, shop supplies500, prepayment 1500, shop lifting 25000,acc.dep shop fittings(15000), account payable7500, accruals 800, share capital 3000, retained earnings 1700.(3) prepare a income statement, cash flow statement and balance sheet at 31 January 2018.
Compute the balance in the premium or discount account on December 31, 2017. Cuffe Inc. uses the straight-line method of amortization
A notice was received from the Last District Bankruptcy Court. Air Chance was declared bankrupt. The airport collected only $ 1,000 on its bill of $ 3,000.
The exporter expects the value, How much Australian dollar the exporter will make a profit in percentage (%) due to appreciation of INR after one year?
The bank made a mistake for the check paid. This amount is correct Rp 1,000,000, - but only recorded Rp. 100,000. Making a Bank of Reconciliation
Assume that the company uses the weighted-average cost method. Compute the following: The cost per equivalent unit for conversion for the month
Is budgeting used primarily for scorekeeping, attention, directing or problem solving? How do strategic planning, long range planning and budgeting differ
What are some of the ethical responsibilities and obligations that management accountants have within an organization. what are some examples
Required reserve ratio of 10 percent, and it holds $38,000 in reserves, then what is the maximum deposit outflow it can sustain without altering balance sheet
The Karson Transport Company currently has net operating income of $494,000 and pays interest expense of $191,000. What is? Karson times interest earned ratio
at december 31 2011 the end of the first year of operations at star inc. the firms accountant neglected to accrue
The firm's cost of common equity is 8% and its weighted average cost of capital is 7%. What is the per share value of the firm's common equity
Define the terms "salary" and "wages". Why do you think we use these two separate terms to describe employee payments
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