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Question no 1)
State with The reason The nature of the Expenditure in Each of the Following Case:-a) Freight on The New machinery Rs-4000 & Its Installation Cost Rs-2000b) old Furniture sold Rs-700 ( cost 4000 but written down value 900)c) Rs4000 spent to double the production capacity of machineryd) compensation paid to a retrenchment of employees Rs-2000
Question no 2)JournalApril 1 :- invested Rs-50000 as Capital by cashApril 3:- Purchased of machinery 20000 & Furniture 12000 by payment made in CashApril 7:- Purchased of Goods on Credit for Rs-9000 From Adhikari BrothersApril 10:- Paid Carriage expenses in cash against the purchased of GoodsApril 15:- Sold Goods to The pravin Traders on credit Rs-11200April 19:- Rs-8990 paid to Adhikari Traders in full settlement for goods purchasedApril 25:- Received acsh 11195 from Pravin Traders and allowed discount Rs-5April 30:- Paid salary to Staff Rs-3500 & Office Rent Rs-950.Consider the above transaction for Journalised in the Books of The Company
The actual results and the master budget data are presented - Prepare a profit variance analysis.
SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon.its anticipates that it will cost $40 to place each order. the annual carrying cost $2 per gallon.
Requirements for the Accounting Scandal Report for a Governmental or Non-Profit Organization (can be federal, state, municipality or non-profit hospital,
Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period and determine the ending inventory cost.
Evaluate how could the foreign competitors profitably sell a similar product for less than manufacturing costs to Houston Electronic and what advice do you have for the president concerning the HE Versatile CVD?
Identify the elements that should be addressed in the partnership agreement both from a business standpoint and from an accounting standpoint.
Prepare a post-reorganization balance sheet January and prepare journal entries to accrue interest on December 31, 2009
Prepare a classified balance sheet that includes the correct balance for Cash - end of the current fiscal year, the balances of selected accounts from the ledger of Healthy & Trim Co.
What interest rate could company be indifferent between two projects? Which project is better if needed return is above this interest rate and why?
In the case exercise, Nunes estimated many of the fixed costs of the Ankh Collection as annual costs. Identify the annual costs of each item below, and then calculate the monthly amount.
Evaluate how much of the exploration cost will be capitalized and shown as an asset on the company's balance sheet as of December 31, 2013 and repeat process using the full cost method
Assuming there are no non-cash revenues recorded on the income statement, what is the firm's net income aft er taxes?
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