Dealing with changes in the trust-trusts laws and accounts, Financial Accounting

Assignment Help:

Dealing with changes in the trust

Profits or losses on disposal of investments should be treated as belonging to that part of the fund out of which they accrued. If not applicable to either part, the accrual must be divided between each fund.
Compensating entries must be made to restore the original status quo if the proceeds of fixed interest investments are re-invested in wider-range investments or vice versa.
Property taken out of trust may be taken from either part, without any necessity for compensating entries.

Related Discussions:- Dealing with changes in the trust-trusts laws and accounts

Show the nature of business operations, Q. Show the nature of business oper...

Q. Show the nature of business operations? The nature of business operations that influences the proportion of fixed costs to total costs. Capital intensive business operations

Investment of accumulated income-trusts laws and accounts, Investment of ac...

Investment of accumulated income The income accumulations must be invested from time to time and the investments earmarked as being on Accumulations Account. The income aris

Evlaute expected value of sales volume, Q. Evlaute Expected value of sales ...

Q. Evlaute Expected value of sales volume? (17500 × 0·3) + (20000 × 0·6) + (22500 × 0·1) = 19500 units Expected NPV = (((19500 × 1·35) - 10000) × 3·605) - 50000 = $8852 W

Liquidity ratios, Liquidity Ratios - These ratios include the Current Rat...

Liquidity Ratios - These ratios include the Current Ratio and the Quick Ratio or the acid test ratio. Liquidity ratios show the Liquid position of a company in the short term i.e

CONSOLIDATED ACCOUNTING, HOW TO CALCULTE GOODWILL FOR CONSOLIDATED STATEMEN...

HOW TO CALCULTE GOODWILL FOR CONSOLIDATED STATEMENTS

Accumulated Depreciation, The office building was bought in January 1, 2011...

The office building was bought in January 1, 2011 and was originally planned to be used for 40 years and had no salvage value. It is depreciated on a straight line basis. Now in

Investment, compute the arithmetic mean rate of return and standard deviati...

compute the arithmetic mean rate of return and standard deviation of rates of return for the two series

Pre-adjustment, security service= R38570 the annual security services contr...

security service= R38570 the annual security services contract has been taken out on 1 March 2012. The fee was increased by 10% from january 2013 and the fee has already been paid

Illustration of consolidated cashflow statements, Illustration of consolida...

Illustration of consolidated cashflow statements The voice of the Nation Limited is a Nairobi based media company. Its Consolidated Income Statement for the year ended 30 April

Inventory management, Objectives of Inventory management After going th...

Objectives of Inventory management After going through this section, you will be capable to: highlight the requirement for and nature of inventory; describe the meth

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages