I hope to get the answer as soon as possible
Homework Answers
| Particulars | Amount in $ | |
| Debit | Credit | |
| Cash Account | 12000 | |
| Loss on Machine Disposal | 3000 | |
| Fixed Assets Account | 15000 | |
| (Being Machine disposed at a loss ) | ||
| Assumptions - The Book values shown are net of accumulated depreciation therefore we have not considered accumulated depreciation in the double entry. |
Add Answer to:
I hope to get the answer as soon as possible
AaBb Cedbe AalbCodec AaBbCcDdE® AaBbCcbc Heading...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For the year ending 30 June 2019, the company recorded the following aggregate transactions S'000 4 265 1 800 723 285 130 95 212 210 120 Accounts les Cost of sales Other income Administration charges Selling and distribution expenses Employee entitlement expenses - (selling) Wages and salaries -...
$200 000 of other loans are repayable within 1 year. The remaining amount is payable in full at the end of 2022. The provision for employee benefits includes $22 000 payable within 1 year. The warra...
$200 000 of other loans are repayable within 1 year. The
remaining amount is payable in full at the end of 2022.
The provision for employee benefits includes $22 000 payable
within 1 year.
The warranty provision is in respect of a 12-month warranty
given on certain goods sold.
NewCat Ltd transferred $10 000 out of retained earnings into
general reserve.
The bank loan is for 5 years and repayable in full at the end
of the term. The interest...
The answer to the question above is posted below! I just need an explanation of how...
The answer to the question above is posted below! I just
need an explanation of how NOPAT and net assets were adjusted
below.
Pisces plc produced the following statement of financial position and income statement at the end of the third year of trading: Statement of financial position (balance sheet) as at the end of the third year €m ASSETS Non-current assets 40 Property Machinery and equipment Motor vans 80 Marketable investments Current assets Inventories Trade receivables Cash Total assets...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM 1,049,800 Revenue 584,200 60,000 822,100 Cost of sales Intangible asset Property, plant and equipment (at book value) Long term investment Inventories 200,000 76,700 52,800 93,900 Trade receivable (at realisable value) Cash and cash equivalent 6% Loan from hank 100,000 30,000 8% Note receivable Trade payable Administrative expenses Distribution expenses...
financial statement
HK Ltd has prepared its draft trial balance to 30 June 2011, which is shown below.$$Freehold land2,100,000Freehold buildings5,500,000Plant and machinery (cost $3,096,000)1,268,122Fixtures and fittings (cost $864,000)518,400Trade receivables7,263,000Allowance for receivables123,600Trade payables2,591,000Inventory (1 July 2010)11,794,000Bank balance10,968,5788% Long term investment100,000,000Development cost capitalised140,000,000Sales381,600,000Purchases102,310,000Administration expenses14,000,000Distribution costs30,100,000Directors’ emoluments562,000Irrecoverable debt157,000Tax payable (1 July 2010)141300Revaluation surplus2,200,800Loan interest324,000Dividends paid – preference162,000Dividends paid – ordinary426,0009% loan (Long term)7,200,000Share capital– irredeemable preference shares- ordinary shares 3,600,0005,400,000Retained earnings12,364,000Share premium11,520,000Suspense995,000Total427,594,400427,594,400Further information:1. Closing inventory is amounted $12,560,000. During the year a fire took place...
Michael and Simphiwe have been successfully running a retail business for a few years now, but...
Michael and Simphiwe have been successfully running a retail business for a few years now, but have decided it is time to expand and would like your help in analysing their financial statements. You may require the following information to assist them: The business is a public company trading at R18 per share at the end of 2016 and was trading at R19 per share at the end of 2015. There are 10 000 000 ordinary shares in issue, and...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred the following cost in its manufacturing operations GH¢ Cost of material purchase 20,000 Import duties 400 Trade discount @10% of purchase cost Cash discount 500 Irrecoverable taxes 1,000 Salary of factory plant operator 2,500 Direct labour 5,000 Salary of factory supervisor 4,000 Cost of expected production losses 800 Administrative overhead (Note) 16,000 Cost of storage of raw material for further processing 2,000 Marketing cost...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For the year ending 30 June 2019, the company recorded the following aggregate transactions S'000 4 265 1 800 723 285 130 95 212 210 120 Accounts les Cost of sales Other income Administration charges Selling and distribution expenses Employee entitlement expenses - (selling) Wages and salaries -...
$200 000 of other loans are repayable within 1 year. The
remaining amount is payable in full at the end of 2022.
The provision for employee benefits includes $22 000 payable
within 1 year.
The warranty provision is in respect of a 12-month warranty
given on certain goods sold.
NewCat Ltd transferred $10 000 out of retained earnings into
general reserve.
The bank loan is for 5 years and repayable in full at the end
of the term. The interest...
The answer to the question above is posted below! I just
need an explanation of how NOPAT and net assets were adjusted
below.
Pisces plc produced the following statement of financial position and income statement at the end of the third year of trading: Statement of financial position (balance sheet) as at the end of the third year €m ASSETS Non-current assets 40 Property Machinery and equipment Motor vans 80 Marketable investments Current assets Inventories Trade receivables Cash Total assets...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM 1,049,800 Revenue 584,200 60,000 822,100 Cost of sales Intangible asset Property, plant and equipment (at book value) Long term investment Inventories 200,000 76,700 52,800 93,900 Trade receivable (at realisable value) Cash and cash equivalent 6% Loan from hank 100,000 30,000 8% Note receivable Trade payable Administrative expenses Distribution expenses...
Michael and Simphiwe have been successfully running a retail business for a few years now, but have decided it is time to expand and would like your help in analysing their financial statements. You may require the following information to assist them: The business is a public company trading at R18 per share at the end of 2016 and was trading at R19 per share at the end of 2015. There are 10 000 000 ordinary shares in issue, and...
SECTION A (40 marks): Answer ALL Questions in this section. QUESTION ONE a) Aseda Ltd incurred the following cost in its manufacturing operations GH¢ Cost of material purchase 20,000 Import duties 400 Trade discount @10% of purchase cost Cash discount 500 Irrecoverable taxes 1,000 Salary of factory plant operator 2,500 Direct labour 5,000 Salary of factory supervisor 4,000 Cost of expected production losses 800 Administrative overhead (Note) 16,000 Cost of storage of raw material for further processing 2,000 Marketing cost...
I need Summary of this Paper i dont need long summary i need
What methodology they used , what is the purpose of this paper and
some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago