Accounting Information Systems; Quickbooks 2015: A Complete Course (without Software); Access Card For Intuit Quickbooks 2015 (13th Edition)
13th Edition
ISBN: 9780134404080
Author: Marshall B. Romney, Paul J. Steinbart
Publisher: PEARSON
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Chapter 8, Problem 3DQ
To determine
Explain the difference between reliability levels such as 95%, 99%, 99.99%, and 99.9999% reliability.
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FOOD BLON
NVASIONTH
a)
b)
A-27
Give journal entries, ledger accounts and Balance Sheets under the
following methods of treatment of goodwill:-
If goodwill is raised and written off.
If goodwill is brought in cash and withdrawn from the business.
(B.Com., Osm) (Ans. Balance Sheet total (under both methods of treatment
85,000)
16. C and D carrying on business in partnership and sharing profits 5/8 &
3/8th require a partner when their Balance Sheet stood as follows.
Balance Sheet
Liabilities
Assets
Creditors
10,000 Cash
Reserve Fund
20,000
Debtors
Capitals:
Stock
C
40,000
Investment
D
20,000
60,000 Plant
90,000
2,400
20,000
10,000
7,600
50,000
90,000
They admit E into partnership giving him 1/8th share on the following terms:
Stock to be depreciated by 20 per cent, a provision of 5 percent on debtors is
to be made for doubtful debts, investments are to be brought in the new firm
at an agreed value of 6,000 and Plant to be appreciated by 20 per cent.
E brings in 16,000 as his share of…
Chapter 8 Solutions
Accounting Information Systems; Quickbooks 2015: A Complete Course (without Software); Access Card For Intuit Quickbooks 2015 (13th Edition)
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