User Account

All Pages

What amount should Valley report

Assignment Help Accounting Basics
Reference no: EM133105647

Question - The total of the list of balances in Valley's payables ledger was GH438,900 at 30 June 2019. This balance did not agree with Valley's payables ledger control account Galance. The following errors were discovered: (1) A contra entry of GH5980 was recorded in the payables ledger control account, but not in the payables ledger. (2) The total of the purchase returns daybook was undercast by GH1,000. An invoice for GH4,344 was posted to the supplier's account as GH4,434. What amount should Valley report in its statement of financial position for accounts payable at 30 June 2019?

a. GHS436,830

b. GHS439,790

c. GHS438,010

d. GHS437,830

Reference no: EM133105647

Questions Cloud

Explain the various barriers to change : Identify and explain the various barriers to change, and how the steps used by managers in the change process can overcome these barriers.
Do you recognize revenue when the sale occurs or when : Do you recognize revenue when the sale occurs or when a cash payment is received? How are these transactions recognized
Cost-leadership strategy of a firm : Explain how human resource management is implemented based on the cost-leadership strategy of a firm.
Potential constitutional issues raised by the proposed rule : You are the human resources director for the L'ity administration. the employees or the L'ity are represented by the lCity Employees Association (EBA).
What amount should Valley report : An invoice for GH4,344 was posted to the supplier's account as GH4,434. What amount should Valley report in its statement of financial position
Whole organisation culture : Such a project has never been attempted across the whole organisation before, but you know that a few people in various divisions have done mini-projects relati
Compute the relative size of sales revenue : Compute the relative size of sales revenue from the four types of revenue Tesla discloses. (Hint: Scale each type of revenue by total revenue.)
Labor law and legislation project : Directions: There is a cacophony of Labor Cases in the Philippines because of Filipinos are really particular with work related concerns. Read and analyze the L
What was the tax on exercise date : Now 8/15/2021 that MNL's stock price is $40 per share, she intends to exercise all of her options. What was the tax on exercise date 8/15/2021

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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