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Question - B&A Inc., recently purchased new Machinery for the business at a list price of Rs =95,000/-. Mr Nailson the seller remained your old good friend so he offered you 13% discount. The policy requires Rs =77,00/-. as an insurance coverage for in transit. Mr Nailson also incurred Rs =1550/- as a promotional activity in selling process related to this particular machine. Freight charges totaled =990/- Rs incurred for delivery of the machine. Installation charges of machinery is =2460/- Rs. After installation training cost of the machinery for assurance of proper working is Rs=750/-. Right after machinery started working and produced some units the company incurred Rs=1200/- for service charges for machinery. Being an accountant of B&A Inc., you have been provided with following additional information: the estimated useful life of the asset is 4.5 years, Residual value of the asset is estimated Rs=5550/-. Prepare a straight line depreciation table?
What is the amount of total liabilities on the December 31, 2013, balance sheet?
The Textbook Co. has assets of $560,000 and owners equity of $560,000. It buys printing equipment with a bank loan of $76,000. What effect does this transaction have?
Under the FASB-explain the disclosure requirements for share based compensation. This post should include an example of how the standard should be applied.
Explain the relevance and application of the social contract to Legitimacy Theory in accounting.
Discuss whether you believe the theories under this umbrella are complementary or offer quite different interpretations of how 'reality is perceived'.
Your recently acquired knowledge offers great potential for organizations, although few people are aware of this. Describe the sources and contingencies of power you and other graduates from this program have in the labour market.
you are the hiring managerrecruiter for a position of vice president of sales for a company which sells athletic shoes
What is the probable motivation for declaring the 2-for-1 stock split to be effected by a dividend payable in shares of common stock?
When she dies, Jason collects the insurance proceeds of $500,000. As a result, how much gross income does Jason report
Enter your answers in dollars not in millions. Round Market interest rate to 1 decimal place. What is the issue price
Required: Prepare a cost of goods manufactured schedule, a proforma income statement and proforma balance sheet.
Payment terms were: 50% due on October 1, 1996, 25% due on first delivery and 25% due on the second delivery. What amount of revenue should Acme recognize from this sale during 1996?
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