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Question 1 Explain the five accounting concepts with an example
Question 2 What steps are involved in the productivity factor based valuation?
Question 3 List the various methods of determining goodwill
Question 4 State the manner of rendering accounting entries for ‘liquidation expenses'in case of a vendor company. LT Ltd.went into liquidation with the following liabilities
Secured creditors - Rs 40,000(Securities realised Rs 50,000)Preferential creditors - 1200Unsecured creditors - 61000Liquidation expenses - 500
Q. A prior period adjustment that corrects income of a prior period requires that an entry be made to a. an income statement account. b. a current year revenue or expense account.
Looking for Income Statement and Balance Sheet for the Better USA, Inc. company for 2010 and 2011 Facts: Sales 11,573 (2010) and 12,936 (2011) - Depreciation 1,661 and 1,736 - Cost
Natasha's income is $300 per month. She spends all of it on tickets to concerts and films. A concert ticket costs $15 and a fi lm ticket costs $10. Her marginal rate of substitutio
Wendy is evaluating a capital budgeting project that should last for 4 years. The project requires $ 800,000 of equipment. She is unsure what depreciation method to use in her anal
like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks?
A company does not need to record the receipt of a bill for utilities used during this year if they will not pay for it until next year. True or False
Establish a budget and allocate funds in accordance with statutory and organisational requirements
MarmadukeMuffett once had a girlfriend who ran an antiques business in London'sKings Road. Ever since then, he has been hooked on the furniture trade and now runsMarmaduke'sMarvell
1. Firm L has debt with a market value of $200,000 and a yield of 9%. The firm's equity has a market value of $300,000, its earnings are growing at a rate of 5%, and its tax rate i
abc limied is considering whether to invest $90000 in the purchase of a new item of equipment. The equipment would be paid for with a down-payment of $60000 and the payment of the
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