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Accounting
An individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged. The individual is aware that tax agents can lodge later than the October 31 deadline so requests that you prepare and lodge the tax return to avoid penalties.
What advice do you give this individual?
What advice do you give this individual?
Accounting
Discuss the limitations of financial ratios in using them to evaluate business.
Accounting
On average, what is the minimum length of two Wheeler's operating cycle? The maximum length?
Accounting
Explain five uses of financial ratios
Accounting
Differentiate between non-purchased goodwill and purchased goodwill
Accounting
A limited has an authorized share capital of 200,000 shares of Kshs. 1 each out of which only 150,000 shares have been issued. Although the firm requested the shareholders to pay 80 cents per share, they were able to pay 50 cents per share.
Required:
Determine the:
i. Authorized share capital
ii. Issued share capital
iii. Called up share capital
iv. Uncalled up share capital
v. Paid up share capital
Required:
Determine the:
i. Authorized share capital
ii. Issued share capital
iii. Called up share capital
iv. Uncalled up share capital
v. Paid up share capital
Accounting
Explain the following terms using a suitable illustration
i. Subscription in arrears
ii. Issued share capital
iii. Capital expenditure
i. Subscription in arrears
ii. Issued share capital
iii. Capital expenditure
Accounting
Discuss the limitations of financial ratios in using them to evaluate business
Accounting
Narrate the duties of an auditor in connection with cash sales.
Accounting
a) When do companies normally post to: 1) the subsidiary accounts and 2) the general ledger control accounts?
b) Describe the relationship between a control account and subsidiary ledger.
b) Describe the relationship between a control account and subsidiary ledger.
