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Problem 1: Berlia Ltd. purchased a second hand machine for 56,000 on October 01, 2018 and spent 24,000 on its repair and installation and 5,000 for its carriage. Depreciation is provided on machinery @ 10% p.a on Diminishing Balance Method on March 31 every year. Prepare machinery account and depreciation account from year ended 31st March 2019 and 31st March 2020.
Compare ABC costing and traditional costing methods, giving examples. Which system provides a more accurate picture of cost incurred to produce the jobs?
The carrying cost per unit per year is 25% of the unit cost and the ordering cost per order is $27.50. What is the total Annual inventory cost
Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Rainey uses FIFO.
guill corporation was undergoing reorganization under the bankruptcy laws. the shareholders who had made loans of
Accounts payable to suppliers of merchandise decreased $275,000 during the year.
The balance in accounts receivable at the beginning of 2016 was $670. During 2016, $2,200 of credit sales were recorded.
pro-tech software acquired all of the outstanding stock of reliable software for 14 million. the book value of
A bussiness checking acccount
Katsen Company can sell its products to an external market for $201 per unit. What would be the opportunity cost of selling internally?
Prepare journal entries relating to the stock-option plan for the years 2015, 2016, and 2017. Assume that employee performs services equally in 2015 and 2016
Ivanhoe Company commenced operations on July 1. Make a partial multiple-step income statement, up to gross profit, for the month of July 2017
The goal is to apply learned concepts and later build a strategic marketing plan for your product or service. You will not be allowed to mimic plans or ideas from larger or already "in-place" campaigns. You must think on your own two feet.
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