Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
CASE STUDY (Process of Accounting). Rajiv and Rahul were twin brothers. Rajiv was interested in computers and would find time to always work on computers either at college or at his friend's place. His keen interest in subject made him take up computer software for his degree course. He pleaded with his father Mr. Raghunath and purchased a computer for his use at home. Rahul was always interested in sitting at his father's shop at the nearby market place selling electrical appliances.
He would often go and help his father at the shop after college hours. Mr. Raghunath was happy that Rahul showed keen interest in his business but was worried about Ram who would always spend time with computers. He felt that if the interest of the two sons be put together they could start a flourishing business of their own. The boom in the IT industry made him find ways to satisfy his son's dream. After college, the twins were drifting apart due to varied interest.
Mr. Raghunath decided that this is the time for him to intervene and make decisions for his sons. He decided to start a computer business for his sons. He asked Rahul, a commerce graduate to draw up a proposal for the same. Rahul came out with the following ideas: The area they lived on ad run shop consisted of middle income group families and many of them did not possess computers at home Their shop could provide the following services: Computer classes for various age groups.
Computer using facilities on payment per hourly basis and printing of documents from computers. Internet access facility at the prevailing market rates by entering into contract with AIRTEL. Computer games corer for children Rajiv jumped at the idea and they made up a common proposal. Rajiv wanted that they purchase 10 computers and start with first two areas of operation and expand when things go well. The shop they had at the market place was a single storey building. Their father offered to build the first floor and give it to them.
timkin companyu2019s current costs per unit of producing the subassemblies internally with the old equipment are given
at the end of the year actual manufacturing overhead costs were 200000 and applied manufacturing overhead costs were
khiem inc. manufactures baseball gloves that normally sell for 55 each. khiem currently has 400 defective gloves in
a company acquired a new high-tech printing press on january 1 2011 for 90000. at that time the company estimated the
Should the stockholders have expected the results determined in Requirement c? Explain your answer.
Discuss the qualitative concept of comparability. In your opinion, would the financial statements of companies operating in one of the foreign countries listed above be comparable to a U.S. company's financial statements? Explain.
helena furnishings wants to sharply reduce its cash conversion cyle. which of the following steps would reduce its cash
several years a ago a medical device company was charged with improperly recognizing approximately 1.5 million in
When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting.
Presented below is selected information from the Kudlick Company's current period accounting records (in $000s):
Which of the following is not considered "constructive receipt" income in 2010:
Company A is considering when to stop production of a particular production of a particular product in its product line. Capital equipment used to manufacture the product is specialized but can readily be sold as used equipment.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd