e at cost. Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses. Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission . Abdalla sold 100 cycles for cash at 1800 pe
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Please I need help in this question ,,
"Q1. Mr. Kareem of Dubai consigned to Mr. Abdalla of Abu Dhabi on 1 June, 2016, 200 sports cycle 1,500 per cycle at cost.
Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses.
Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission .
Abdalla sold 100 cycles for cash at 1800 per cycle and 50 cycles on credit @ 2000 per cycle.
Abdalla sent account of sale and after deducting expenses and commission on 30 June, 2016."
Prepare a Consignment Account (the values are in AED)
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- Two months ago, Thomasian Engineer TE had P5,000,000.00 in his UST Security Bank (USTSB) Account. Last month, TE also deposited in USTSB the sum of P300,000.00. Considering that USTSB Employees are courteous and cheerful, he again deposited today P400,000.00 to his account. Because of the educational needs of his chosen scholars, he plans to withdraw an amount, X, starting 5 months from today. He will also withdraw the same amount for the succeeding 6 months or up to August 2023. If his plan is to have a remaining outstanding balance of P4,500,000.00 at the end of November 2023, what do you think will be the value of X? Use i = 12% Compounded Monthly.20. Kelly runs a small business which she started on 1 May 2016 and draws up her first set of accounts to 31 January 2017. On 1 June 2016, she purchased a car for £12,500 which she uses 30% for business purposes. The car has CO2 emissions of 120 g/km. What are the capital allowances available to her for the period ended 31 January 2017? A £12,500 B £1,688 £675 .D £506Q1) Ali wants to rent cars for her travel agency. On January 2021, Ali makes an “Ijarah Muntahia Bittamleek” contract with Modern Islamic Bank (MIB) for 8 years. MIB purchases ten (10) cars. Cost of each car is 9,200 and maintenance expenses for each car is 150 per year. Ali will pay 100 per car for each month as rental revenue. At the end of contract, MIB agrees to give cars as a gift at the end of contract period. Calculate profit/loss of SIB for this contract. Q2) Majed is interested in purchasing a factory building worth 90,000. Majed did Agreement with Modern Islamic bank to purchase the property and puts down 30% of the price as a down payment. The Bank provides the other 70% of the price. Both parties determined the rental value for the building as 300 per month as the rental value. Based on the rental value and the financing period, the bank determined fixed monthly payments as 1,500, which Majed would have to make to own the house. Required: Prepare 3rd and 4th payments for…
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