Accounting Answers

What does it mean when you Overstate your Revenues?

What does it mean when you Understate your Revenues?

What does it mean when you Overstate your Liabilities?

What does it mean when you Understate your Liabilities?

What does it mean when you Understate your Equity?

What does it mean when you Overstate your Equity?

What does it mean when you Overstate your Retained Earnings?

What does it mean when you Understate your Retained Earnings?

What does it mean when you Understate your Beginning Inventory?

What does it mean when you Overstate your Beginning Inventory?

What does it mean when you Overstate your Cost of Goods Available for Sale?

What does it mean when you Understate your Cost of Goods Available for Sale?

What does it mean when you Understate your Purchases account?

What does it mean when you Overstate your Purchases account?

What does it mean when you Overstate your Sales account?

What does it mean when you Understate your Sales account?

Analyze the annual reports of Flour Mills of Fiji (2020), RB Patel Ltd (2020) and Paradise Beverages Ltd (2019) from South Pacific Stock Exchange (SPSE) and answer the following questions. 1. Calculate the share value using Dividend Discount Model, assuming dividend will grow 3% for Flour Mills of Fiji, 6% for RB Patel Ltd and 9% for Paradise Beverages constantly for the companies on their respective base year. 2. Calculate the Earnings Per Share (EPS) and the Market Capitalization for each of the companies. 3. Comment on the share value of the companies given the Dividend Growth Model (Question 1) and EPS (Question 2).

Enter up the sales, purchases and returns daybooks from the following details. Then post the individual items to the relevant accounts in the sales and purchases ledger and transfer the totals of the various daybooks to the accounts in the general ledger: 

May 1 Credit purchases: R. Burton shs. 2,500, C. Malthus shs. 1,450, M. Adleman shs. 3,550

May 5 Credit Sales: S.David shs. 4,100, T.White shs. 3,400, P. Black shs. 2,700

May 7 Credit purchases: A. Thomas shs. 1,470, R. Burton shs. 1000, C. Malthus shs 1,900

May 9 Goods returned by us to: R. Burton shs. 350, C.Malthus shs 500

May 10 Goods returned to us by: T.White shs 250, P.Black shs. 300

May 12 Credit purchases: A. Thomas shs. 1,860, R.Burton shs. 2,500, C. Malthus shs 800

May 15 Credit sales: T. White Shs. 1,500, S. Davis shs 2,200

May 18 Goods returned by us to: A Thomas shs. 200, C. Malthus shs 100

May 25 Goods returned to us by T.White shs 180.

Analyze the annual reports of Flour Mills of Fiji (2020), RB Patel Ltd (2020) and Paradise Beverages Ltd (2019) from South Pacific Stock Exchange (SPSE) and answer the following questions. 

1.     Calculate the share value using Dividend Discount Model, assuming dividend will grow 3% for Flour Mills of Fiji, 6% for RB Patel Ltd and 9% for Paradise Beverages constantly for the companies on their respective base year. 

What is the dividend yield on Stock A that sells at \$20/share , when Company A pays a quarterly dividend of $0.15 per share? dividend yield = [?] %

get your answer as a percent rounded to the nearest tenth

Discuss and analyze the following transactions for X Ltd, using the concept of accounting equation (Assets, Liabilities and Equities). 1. Purchased Furniture for Rs675000 2. Capital Introduced by the business Owner by depositing 12 Lakhs in the bank account 3. Goods purchased on credit from Aman Enterprises for Rs105000 4. Goods sold on credit for Rs 400000. The cost of the goods sold was Rs 300000 5. Purchased goods from Sneha Enterprises for Rs 600000 and made the payment from the business’s bank account   

Love Doddle is a gifting enterprise of Ms. Dorati. The enterprise generates inflows by arranging gift hampers for the customer's loved ones. The inflows arises from the sale of gift hampers Rs 505000 and from bank interest, dividend receipt Rs4200. Ms. Dorati is confused on how to record these inflows. She would like to understand from you about the concepts Revenue from operation and other income, so that she can record the information so as to prepare the profit and loss statement of the enterprise. Define, share examples, and elaborate on your understanding towards the terms Revenue from Operation and Other Income.

1. Discuss and analyze the following transactions for X Ltd, using the concept of accounting equation (Assets, Liabilities and Equities). 1. Purchased Furniture for Rs675000 2. Capital Introduced by the business Owner by depositing 12 Lakhs in the bank account 3. Goods purchased on credit from Aman Enterprises for Rs105000

Explain different accounts maintained under balance of payments with its components. Also, explain why a stronger rupee could enlarge the India’s balance of trade deficit and why a weaker rupee could affect the India balance of trade deficit.

Deferred Outflow of Resources = Asset. So you normally debit this right?

Deferred Inflow of Resources = Liability. So you normally credit this right?

What does it mean when you Credit Deferred Outflow of Resources?

What does it mean when you Debit Deferred Inflow of Resources?

What type of account is Other Financing Sources? Do you normally debit or credit it?

What type of account is Other Financing Uses? Do you normally debit or credit it?