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Accounting
Give the treatment of loss prior to incorporation
Accounting
What is meant by net assets?
Accounting
What do you understand by debenture
Accounting
What is formula for calculating fair value of shares
Accounting
Seljuk Company has the following balances in selected accounts of its adjusted trial balance.
Accounts Payable $27,000 Service Revenue $98,000 Rent Expense $22,000 Salaries and Wages Expense $51,000 Owner's Drawings $15,000 Owner's Capital $42,000 Accounts Receivable $ 38,000 and Supplies Expense $7,000.
Which account or accounts will be debited in the first closing entry journal?
Accounts Payable $27,000 Service Revenue $98,000 Rent Expense $22,000 Salaries and Wages Expense $51,000 Owner's Drawings $15,000 Owner's Capital $42,000 Accounts Receivable $ 38,000 and Supplies Expense $7,000.
Which account or accounts will be debited in the first closing entry journal?
Accounting
Mention the difference between SAP Memory and ABAP Memory
Accounting
Mention some accounting software
Accounting
In the following questions, identify the items that designated by 'X'
A) purchases - (X+X) = net purchases
B) net purchases + X = cost of merchandise purchased
C) X + cost of merchandise purchased = merchandise available for sale
D) merchandise available for sale - X = cost of merchandise sold
A) purchases - (X+X) = net purchases
B) net purchases + X = cost of merchandise purchased
C) X + cost of merchandise purchased = merchandise available for sale
D) merchandise available for sale - X = cost of merchandise sold
Accounting
l information as at 31 December 2019 was available:
1. Inventory at 31 December 2019 was RM20,800.
2. Rent accrued by RM500.
3. A utility paid in advanced is RM80.
4. Takaful premium has been accrued by RM200.
5. Provision for doubtful debts was to be increased to RM1,600.
6. Provision for depreciation on office furniture is 10% on cost.
7. Withdrawal of inventory RM150 was for personal use.
You are required to prepare:
a. a Statement of Comprehensive Income of Maju Jaya Groceries for the year ended 31 December 2019. (15 marks)
b. a Statement of Financial Position of Maju Jaya Groceries as at 31 December 2019. (10 marks)
1. Inventory at 31 December 2019 was RM20,800.
2. Rent accrued by RM500.
3. A utility paid in advanced is RM80.
4. Takaful premium has been accrued by RM200.
5. Provision for doubtful debts was to be increased to RM1,600.
6. Provision for depreciation on office furniture is 10% on cost.
7. Withdrawal of inventory RM150 was for personal use.
You are required to prepare:
a. a Statement of Comprehensive Income of Maju Jaya Groceries for the year ended 31 December 2019. (15 marks)
b. a Statement of Financial Position of Maju Jaya Groceries as at 31 December 2019. (10 marks)
Accounting
How do I draw up a trading account and profit and loss account?
