Accounting Answers

Questions: 2 114

Answers by our Experts: 2 071

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Search & Filtering

What affect does depreciation, being a non cash expense, have in a seasonal cash budget.
What Is Sec 72a Of Income Tax Act?
What Is Deferred Revenue Expenditure?
What Is Debenture Redemption Reserve?
What Is Fundamental Accounting Equation?
What Are The Golden Rules Of Accounting?

A debtor with an outstanding balance of N$71 500 on 31 December 2018, was declared insolvent and placed under liquidation on 20 January 2019. The liquidator indicated that creditors will receive 30 cents in the rand. No allowance for credit losses was made at reporting date. Is this an adjusting event or non-adjusting event?


What is capital expenditure ? Give two examples of capital expenditure.
Give a formula to calculate ' cost of goods sold'
Calculate closing stock and cost of goods sold :

Opening stock ₹ 5000; sales ₹ 16000; carriage inwards ₹ 1000; sales return ₹ 1000;. Gross profit ₹ 6000; purchase ₹ 10,000; purchase return ₹ 900.