User Account

All Pages

Prepare and journalized the transaction

Assignment Help Financial Accounting
Reference no: EM132549931

Question 1: ABM Company has the following transactions during the month of Hamle 2011 E.C Hamle 1, 2011 ABM Owner Investment 50,000 birr cash. Hamle 2 , 2011 ABM company paid 9000 birr home rent for the three month. Hamle 3 , 2011 ABM company paid 3000 birr for Advertising. Hamle 15 , 2011 the company purchased items by 30,000 birr cash and 10,000 birr on account. Hamle 20, 2011 E.C the company sold 80% of items purchased by 70,000 birr cash. Journalized the above transaction?

Reference no: EM132549931

Questions Cloud

Provide how much should deposit every month into account : He also wishes to deposit $X every month into that account so that when he retires at 55, How much should deposit every month into account
Explain briefly the balanced score card approach : Explain briefly the balanced score card approach, and provide exemplar measures for each dimension of the balanced score card.
What was the amount for net purchases : Purchase return and allowance 4,000 and Beginning inventory 45,000. What was the amount for net purchases
Understanding of ethical decision-making in organizations : ?Describe Kohlberg's theory of cognitive moral development and critically evaluate its contribution to our understanding of ethical decision-making
Prepare and journalized the transaction : Hamle 20, 2011 E.C the company sold 80% of items purchased by 70,000 birr cash. Prepare and Journalized the above transaction?
Recommended grand strategies to deal : What would be your recommended grand strategies to deal with the situation? Justify your recommendations.
Construct general journal entries to record the transactions : Construct general journal entries to record the transactions and depreciation journal entries required at the end of each reporting period
Prepare the journal entry required on Quick Finances books : On May 1, Dennis, Inc. factored €800,000 of accounts receivable with Quick Finance on a without recourse basis. Prepare the journal entry required
Why an impairment loss needs to be recognised : Explain and show calculations of why an impairment loss needs to be recognised in relation to the machinery. Provide the appropriate journal entry at 30 June

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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