User Account

All Pages

Provide the journal entry for brisbane pty ltd to recognise

Assignment Help Financial Accounting
Reference no: EM132705152

Brisbane Pty Ltd provides consulting services to AFL Pty Ltd. Rather than pay in cash it is agreed that AFL Pty Ltd will transfer some machinery to Brisbane Pty Ltd. The machinery is recorded in AFL Pty Ltd's accounts at a cost of $75,000 with accumulated depreciation of $20,000. The fair value is assessed as being $60,000.

Problem 1: Provide the journal entry (or entries) for Brisbane Pty Ltd to recognise revenue to be received from AFL Pty Ltd.

Reference no: EM132705152

Questions Cloud

How chris proposal might affect investors : Chris Wong, controller for Fengshui Corporation, How Chris's proposal might affect investors understanding of the Fengshui Corporations's financial performance?
Define key constraints that could impact recruiting methods : Your friend has been operating a small chocolate chip cookie making bakeshop out of their home in the country. It is so successful they even have international.
How do prepare the journal entry needed for the february : During December 2020, The Gap Ltd. Prepare the journal entry needed for the February 2021 redemptions. Round to the nearest dollar.
What development methods not mentioned in the case : What development methods not mentioned in this case could also help prepare consultants for a larger leadership role in the organization?
Provide the journal entry for brisbane pty ltd to recognise : The machinery is recorded in AFL Pty Ltd's, Provide the journal entry (or entries) for Brisbane Pty Ltd to recognise revenue to be received from AFL Pty Ltd.
How do provide journal entries that need to be made : Provide the journal entries (including narrations) that would need to be made in the books of Koala Ltd to account for the transactions for the year
Identify what training content will be used : State the goal, which should identify what training content will be used and how it will be used. Include the strategies for reaching the goal including what.
How much is actually the direct labour cost : How much is actually the direct labour cost if the manufacturing overhead cost for the period is $49,000 and the direct materials cost is $20,000?
Determine how much is the manufacturing overhead : How much is the manufacturing overhead? Manufacturing overhead = 20% of its total conversion costs. Direct materials cost = $53,000.

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