User Account

All Pages

Compute the balance in joint operation account

Assignment Help Financial Accounting
Reference no: EM132953222

Question - A, B and C's operation has just ended. B, the appointed manager, had the following accounts in his books before closing entries: Dr. JO - Cash - 800, Cr. Payable to A - 105, Cr. Payable to C - 200. The joint operation's profit was P420. B took the unsold inventory costing P30. Compute the balance in Joint Operation account before distribution of profit.

Reference no: EM132953222

Questions Cloud

How much interest is included in the? withdrawals : How much interest is included in the? withdrawals? Withdrawals increasing at a constant rate of 5.7?% are made quarterly for seven years
What was the yield-to-maturity : On May 3, 2014, Coinpraise, Inc., issued $350 million of twenty-year bonds. What was the yield-to-maturity (market rate of interest) expressed as an APR
Determine the number of product A and product B : Determine the number of product A and product B that the company should manufacture to obtain the maximum profit using graphical method
Why the consumer relative consumption of two goods : Suppose that, from an initial consumer equilibrium position, the price of good X rises while the price of good Y remains the same. Using indifference curve anal
Compute the balance in joint operation account : The joint operation's profit was P420. B took the unsold inventory costing P30. Compute the balance in Joint Operation account before distribution of profit
What is the value of the bond : The bond of X Ltd. was issued 25 years ago and has 5 years to maturity. What is the value of the bond assuming 10 percent rate of current interest rate
What are the concerns comparative effectiveness : What are the concerns if comparative effectiveness findings are used to make coverage decisions?
Comparative effectiveness research : Should comparative effectiveness research include measures of cost?
Explain increase retention and prevent turnover : In your opinion, in addition to providing competitive salaries what are strategies HCOs can propose to increase retention and prevent turnover?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd