Accounting Question
Q: just want answer for D only
A: solution : calculation of unpresented cheques at 30 june particular amount cheques presented a...
Q: Please answer it competely
A: Trading and Profit and Loss Account of Mr. Neel for the year ending 31st March, 2017 Particu...
Q: What circumstances might create distortions where estimated costs are not an accurate representation...
A: The estimated costs are the costs determined through the estimation process on past financia...
Q: Prepare ledger in T format. month. During the month of June entered into the follo...
A: Cash Book Particulars Amount($) Particulars Amount($) cash cash To advance received on equ...
Q: Costs included in the Merchandise Inventory account can include all of the following except. Multipl...
A: The Costs that are included in merchandise inventory include the cost of the product, transportation...
Q: The Banking system acts as a backbone for any economy.Banks are the Financial Institutions that prov...
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: The bank mistakenly recorded the collection of $385 on a customer account as $358 in the bank statem...
A: A correcting journal entry can be defined as an entry that is made to fix a mistake or error that is...
Q: A cheque of Rs 20000 which had been crossed originally carries below the crossing the words "crossin...
A: The cheque would be paid across the counter as the cheque is no more a crossed cheque but an open ch...
Q: Make a Cost of Production Report
A: The cost per unit is determined based on the equivalent units. The equivalent units are determined b...
Q: In order to make sure that loans are properly classified, the auditor would: a. Examine due dates ...
A: Audit is an independent examination of the financial staemetnts of an entity to present a true and a...
Q: On January 1, 2018, Devoe Company changed from the FIFO method to the average cost method to account...
A: Net Income: Net income (also consolidated income, net earnings, net profit, bottom line, sales profi...
Q: Sandvik Mining uses a periodic inventory system. One of the company’s products is a special equipmen...
A: A periodic inventory procedure seems to be a technique of valuation of inventory mainly for financia...
Q: Panabee sells computer peripherals. At December 31, 2018, Panabee’s inventory amounted to $520,000. ...
A: Accounting is essential to operating a company since it allows businesses to track income and expens...
Q: Food expenses within the concession stand function at the Halenbeck Hall would be which type of cost...
A: A concession stand is the place where customer can buy snacks or food at a cinema, amusement park...
Q: Q 1: NC operates a business closes its accounts and prepares financial statements at the end of each...
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: XYZ Co. was recently created with a beginning cash balance of P12,000. Expected operations for the f...
A: Net Operating Income The calculation of net operating income which are taken by the total revenue mi...
Q: A company has $45,000 of net income using absorption costing. Its beginning inventory contained fixe...
A: Fixed overhead is not incorporated in the inventory value in variable costing. Absorption costing, a...
Q: What is the pricing equation and how is it used? If the product list price is $1000 and the retailer...
A: The pricing decision is the crucial decision for the business, the management has to explore...
Q: Accounting Question
A: For computing the taxable income of any taxpayer, the sources of income for individual m...
Q: IT Company is operating at 70% capacity. The plant manager is considering making Part ROQ now being ...
A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which...
Q: A reconciliation of pretax financial statement income to taxable income is shown below for Fieval In...
A: A deferred tax asset and deferred tax liability can not be offset unless prescribed
Q: Suppose a state imposes a higher tax on out-of-state companies doing business in the state than it i...
A: The tax treatment of companies depends on their residential status and type of corporation. ...
Q: 1.2 Use the information given below to calculate the labour cost to Yolo Enterprises in respect of T...
A: Rand to Rand basis means that for every rand paid by Henry, company will also contribute a rand.
Q: Answer both of the following questions
A: The financial position of the company can be arrived from the income statement prepared by the manag...
Q: Subject : Principle Of Accounting Q 1: NC operates a business closes its accounts and prepares fi...
A: Income Statement The purpose of preparing the income statement to know the net income which are deri...
Q: On January 15, 2018, Walmart sold 1,700 fishing reels to Costco. Immediately prior to this sale, Wal...
A: Inventory valuation of a firm can be done under two different system; 1) perpetual inventory system ...
Q: $ 3.20 Vessel operating costs Advertising Administrative costs $ 6,500 $ 2,800 $ 5,400 $ 3,700 $ 471...
A: Flexible Budget In simple work flexible budget which means that the changes in the variation of expe...
Q: How much is the total free assets? 992,250 953,575 1,114,750 1,059,625
A: Free assets of the business means those assets which can be used or utilised in business without any...
Q: Assume that The Bell Company operates in an industry for which NOL carryback is allowed. The Bell Co...
A: NOL IS NET OPERATING LOSS IT MEANS WHEN TOTAL EXPENSES EXCEEDS TOTAL INCOMES . NOL CAN BE CARRIED BA...
Q: Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a Decembe...
A: Increase in assets should be debited and decrease in assets should be credited. Increase in liabilit...
Q: A2 1g May I please have the answer in formula form and not in excel. Thx:) Use the following informa...
A: External Finance needed (EFN) It is the difference between the amount a firm can raise from its re...
Q: Damaged and obsolete goods that can be sold: Multiple Choice Are never counted as inventory. Are inc...
A: Inventory means the stock of goods in hand . Goods means the thing in which the business deals and p...
Q: Accounting Madison Co had the following components of shareholders' equity at the beginning of 2020:...
A: Under Cash flow from financing activities, all those transactions that pertain to issue of funds for...
Q: The following table shows the changes in the balances of some selected accounts of TRC company for t...
A: Investing cash flow refers to the flow of cash in an entity due to the activities of investing in th...
Q: How much is the transaction price when the contract was entered into on July 1, 2021? 20,780,000 20,...
A: Solution: Transaction price when contract was entered into on July 1, 2021 = Total billings to clien...
Q: On July 1, 2021, Emerald Corporation sold a set of washing machine and a dryer for a total contract ...
A: Revenue to be recognized on this contract on July 1, 2021 = Lumpsum price of washing machine and dry...
Q: ( Please Answer max in 25 minutes as u know sub part A&B so please send thank u )
A: Here, Deposit Amount is RM 5,000 Quarterly Payment is RM 2,000 Interest Rate is 8% Time Period is 3 ...
Q: At year end, the company’s aged list of Accounts receivable showed the following breakdown. The adj...
A: Under Aging method, Amount of the adjusting entry (bad debts expense) = Estimated balance of allowa...
Q: On January 1, 2021, AST Company sold an inventory costing P110,000 for P150,000. A 10% down payment ...
A: P33750 paid on 4 equal installments on semi annual basis. Market rate of interest is 6% (12%/2) sinc...
Q: arket value of
A: Depreciation is a demunition [reduction] in the value of an asset on ac...
Q: Can you show me how to do this? 
A: Total material used = Beginning raw material inventory + raw material purchased - ending raw materia...
Q: A variable cost of $7 per unit of product is equal to 70% of the selling price. The fixed cost for t...
A: The Break-even point is that level of sales, where the total cost i.e variable and fixed both are eq...
Q: The PBO is increased by: A. An increase in the average life expectancy of employees. ...
A: A projected benefit obligation (PBO) is an actuarial calculation of how much money a firm will requi...
Q: On January 1, 2020, McGee Co. had the following balances: Projected benefit obligation ...
A: Pension expense = service cost + interest cost - expected/actual return on plan assets =250,000+...
Q: The managing directors of Kings PLC are considering what value to place on Dragon PLC, a company tha...
A:
Q: A company produces three products -- Good, Better, and Best -- as the result of joint processing plu...
A: A manufacturing concern may be engaged in producing two or more different goods which are produced s...
Q: Puget Sound Divers is a company that provides diving services such as underwater ship repairs to cli...
A: Costs can be be dividend into three types: Variable cost, Fixed cost, and Mixed cost. Variable cost ...
Q: E7-12 Alternative Inventory Methods Park Company’s perpetual inventory records indicate the followin...
A: The question is based on the concept of Cost Accounting.
Q: Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the u...
A: option 1 $ 25700 Overhead cost 80% of direct labour Direct labour cost = $ 20560/ 80% = $ 25700
Q: Kensington Company's direct labor costs for the current month were as follows: Tota...
A: LABOR EFFICIENCY VARIANCE : = STANDARD RATE X ( ACTUAL HOURS - STANDARD HOURS )
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