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Accounting
When preparing a consolidated statement of financial position as at 31 March 2020. How to treat this information:
On 1 April 2019, baxter acquired 80% of hurleys equity shares by means of an immediate share exchange and a cash payment of 6million, deferred until 1 april 2020. baxter has recorded the share exchange, but not the cash consideration. baxter's cost f capital is 10% per annum.
Accounting
Prepare Adjusting entries of the following transactions:-
1. Supplies on hand at the end of month Rs.1000
2. Depreciation expense for the month of December Rs. 850
3. salaries are due for the month Rs.15000
4. Unearned client fee earned during the month Rs.5000
5. Prepaid Insurance expired during the month Rs. 2500
6. Client Fee Revenue earned but not received Rs.7600
1. Supplies on hand at the end of month Rs.1000
2. Depreciation expense for the month of December Rs. 850
3. salaries are due for the month Rs.15000
4. Unearned client fee earned during the month Rs.5000
5. Prepaid Insurance expired during the month Rs. 2500
6. Client Fee Revenue earned but not received Rs.7600
Accounting
Bank statement from Standup Bank for January 2020
DATE DETAILS DEBIT CREDIT BALANCE
Balance 450 000
06 Cheque B1 8 000 442 000
08 Cheque B2 2 500 439 500
09 Deposit 60 000 499 500
13 Cheque B3 20 000 479 500
15 Deposit 75 000 554 500
16 Cheque B4 4 000 550 500
18 Cheque B5 6 000 544 500
25 Cheque B6 500 544 000
27 Deposit 105 000 649 000
30 Interest earned 2 000 651 000
31 Bedelia Properties
(Stop order)
3 000 648 000
31 Bank charges 400 647 600
Bank Account in the General Ledger.
Properly balance/close off this account.
DATE DETAILS DEBIT CREDIT BALANCE
Balance 450 000
06 Cheque B1 8 000 442 000
08 Cheque B2 2 500 439 500
09 Deposit 60 000 499 500
13 Cheque B3 20 000 479 500
15 Deposit 75 000 554 500
16 Cheque B4 4 000 550 500
18 Cheque B5 6 000 544 500
25 Cheque B6 500 544 000
27 Deposit 105 000 649 000
30 Interest earned 2 000 651 000
31 Bedelia Properties
(Stop order)
3 000 648 000
31 Bank charges 400 647 600
Bank Account in the General Ledger.
Properly balance/close off this account.
Accounting
Cash Payments Journal January 2020
DOC DAY BANK
B1 5 8 000
B2 7 2 500
B3 12 20 000
B4 15 4 000
B5 17 6 000
B6 24 500
B7 25 30 000
B8 30 3 500
Q.6.2 Cash Payments Journal
Start with the total before any amendments.
Only the document nr, date, details and bank columns are required.
DOC DAY BANK
B1 5 8 000
B2 7 2 500
B3 12 20 000
B4 15 4 000
B5 17 6 000
B6 24 500
B7 25 30 000
B8 30 3 500
Q.6.2 Cash Payments Journal
Start with the total before any amendments.
Only the document nr, date, details and bank columns are required.
Accounting
Cash Receipts Journal January 2020
DOC DAY ANALYSIS BANK
95 2 10 000
96 9 50 000 60 000
97 10 35 000
98 15 40 000 75 000
100 18 25 000
101 27 80 000 105 000
102 31 95 000 95 000
Cash Receipts Journal.
Start with the total before any amendments.
Only the document nr, date, details and bank columns are required.
DOC DAY ANALYSIS BANK
95 2 10 000
96 9 50 000 60 000
97 10 35 000
98 15 40 000 75 000
100 18 25 000
101 27 80 000 105 000
102 31 95 000 95 000
Cash Receipts Journal.
Start with the total before any amendments.
Only the document nr, date, details and bank columns are required.
Accounting
The company close the account on 31 December 2020. Use the following information to prepare the trial balance as at 31 December 2020.
Capital RM100,000
Motor vehicle RM50,000
Office equipment RM20,000
Furniture RM10,000
Cash RM15,000
Debtors RM5,000
a) Create the transactions of:
i. 10 general transactions
ii. 4 transactions in depreciation topic
iii. 2 transactions in bad debts and allowance for doubtful debts topic
iv. 4 transactions accrual and prepayment topic
b. Prepare the journal entries
Prepare journal entries for each transactions above.
Capital RM100,000
Motor vehicle RM50,000
Office equipment RM20,000
Furniture RM10,000
Cash RM15,000
Debtors RM5,000
a) Create the transactions of:
i. 10 general transactions
ii. 4 transactions in depreciation topic
iii. 2 transactions in bad debts and allowance for doubtful debts topic
iv. 4 transactions accrual and prepayment topic
b. Prepare the journal entries
Prepare journal entries for each transactions above.
Accounting
Explain the merits and problems of using the return on investment, residual income and the economic value added methods (12 marks)
Accounting
describe the main characteristics and objectives of profit centres and investment
centres;
centres;
Accounting
(a) to describe the main characteristics and objectives of profit centres and investment centres; (4 marks)
(b) to explain what conditions are necessary for the successful introduction of such centres; (5 marks)
(c) to describe the main behavioural and control consequences that may arise if such centres are introduced; (4 marks)
(d) to compare two performance appraisal measures that might be used if investment centres are introduced
(b) to explain what conditions are necessary for the successful introduction of such centres; (5 marks)
(c) to describe the main behavioural and control consequences that may arise if such centres are introduced; (4 marks)
(d) to compare two performance appraisal measures that might be used if investment centres are introduced
Accounting
What are two accounts for Returns of goods in a general journal
