User Account

All Pages

What are correct journal entries for government accounting

Assignment Help Accounting Basics
Reference no: EM132726829

Problem A: What are the correct journal entries for government accounting?

1. Recognized the government agency's share for the following contributions:

a. Retirement and Life Insurance Premium P 20,000

b. PAG-IBIG Contributions 2,000

c. Philhealth Contributions 1,500

2. Paid the respective agencies for the contributions in No. 1

3. Collected business income for Communications Network Fees of P40,000 and remitted 50% to National Treasury.

Reference no: EM132726829

Questions Cloud

What would the total annual holding cost be : The holding cost is 10 percent of the purchase cost. If R. C. orders 500 units each time he places an order, what would the total annual holding cost be?
Customer data to cyber-attackers and human errors : Companies are susceptible to losing customer data to cyber-attackers and human errors, so organizations must properly protect their data and network.
Calculate the expected value of the net present value : Calculate the expected value of the net present value of the project and its standard deviation. A major competitor of the company toys galore pty ltd
What was the stock predicted return for April : The return on the HML portfolio (rHML) was 4.8%. Using the estimated model, what was the stock's predicted return for April 1
What are correct journal entries for government accounting : What are the correct journal entries for government accounting? Collected business income for Communications Network Fees of P40,000 and remitted 50%
Determine how each metric will be measured and how often : The human resource professional continues to change from a transactional role, where compliance and administrative functions are the primary function.
Healing and autonomy : Mike and Joanne are the parents of James and Samuel, identical twins born eight years ago. James is currently suffering from acute glomerulonephritis,
Explain the term days of sales outstanding : Explain the term " Days of Sales Outstanding (Debtor Days)" and what does it mean if the graph for Days of Sales Outstanding is flat in the past couple of years
What is the required rate of return on AA stock : The risk-free rate is 4%, and the expected return on the market is 12%. What is the required rate of return on AA's stock

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