User Account

All Pages

Prepare for Zaida Motor vehicle account

Assignment Help Financial Accounting
Reference no: EM133015536

Question - Zaida started his business on 1 January 2019. On the same day, he purchased two motor vehicles for RM25,000 each by cheque. On 1 May 2020, he bought another motor vehicle on credit from JMW Sdn Bhd for RM64,500.

He has decided to depreciate the motor vehicles at the rate of 20% per annum on reducing balance basis.

Required -

a) Prepare for Zaida Motor vehicle account for 2019 and 2020?

b) Prepare for Zaida Accumulated depreciation account for 2019 and 2020?

c) Prepare for Zaida an extract of statement of profit or loss for the years ended 31 December 2019 and 2020?

d) Prepare for Zaida an extract of statement of financial position as at 31 December 2019 and 2020?

Reference no: EM133015536

Questions Cloud

Calculate the base case all equity financed npv : Calculate the APV of the project and recommend whether Mega Millions should undertake the investment with the proposed method of financing
Determine the amount of overhead allocated to product : Determine the amount of overhead allocated to the mahogany product line and the walnut product line using activity-based costing
What amount should Omara report for the gain or loss : On June 30, 20X1, Omara Co. had outstanding 8%, $8,000,000 face amount, 15-year bonds. What amount should Omara report for the gain or loss
Determine the costs to be assigned to the units : There is no beginning Work in Process. Materials cost is $10 per unit and conversion costs are $11 per unit. Determine the costs to be assigned to the units
Prepare for Zaida Motor vehicle account : On the same day, he purchased two motor vehicles for RM25,000 each by cheque. Prepare for Zaida Motor vehicle account for 2019 and 2020
How long will it take them to double the initial deposit : An investor deposits $1000. How long will it take them to double the initial deposit if the investment earns a simple interest rate of 6.1% per annum
How much is the total inventory on December : The raw materials inventory of 101 Co. on December 31, 2021 have a cost of 20,000. How much is the total inventory on December 31, 2021
Calculate the returns in each month of a portfolio : Here are the returns on two stocks. Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks
How would you choose to invest it in the meantime : Suppose your business has $7 million set aside for an expenditure in three months. How would you choose to invest it in the meantime

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