User Account

All Pages

Prepare the Income Statement of the company

Assignment Help Accounting Basics
Reference no: EM132624835

Question - You are given the following information of Julia Ltd and you are required to prepare the Income Statement of the company.

Sales 110000

Office expenses 2000

Stationary 350

Purchases 70000

Wages 6000

Depreciation 3000

Rent 800

Bad debts 950

Telephone 300

Opening stock 7000

Electricity 200

Closing stock 3000

Water 100

Sales returns 3000

Repairs 700

Purchases returns 3000

Car expenses 900

Carriage inwards 2000

Drawings 900

Interest received 800

General expenses 700

Interest paid 850

Accruals 900

Prepayments 700

Loan 20000

Share Capital 120000

Debtors 12000

Creditors 8000

Reference no: EM132624835

Questions Cloud

Discuss what collective bargaining : Define and discuss what collective bargaining is. Research, outline, and discuss all of the steps of the collective bargaining process.
Digital marketing advertising strategies : This unit covered many strategies on marketing and advertising for e-commerce sites.
Reflecting on learning and engaging with mentor : Reflecting on your learning and engaging with a mentor are important elements in a full, doctoral development experience.
What the fixed office overhead at capacity : What The fixed office overhead at 80% capacity ? The sales figure at 80% capacity ? The other direct cost apart from direct material cost at 80% capacity ?
Prepare the Income Statement of the company : Question - You are given the following information of Julia Ltd and you are required to prepare the Income Statement of the company
Prepare the rent account : On 1st January, 3 months rent had been paid in advance, €1.200. Prepare the rent account, the commission receivable account
Healthcare information management been historically : Where has healthcare information management been historically? How has the introduction of technology dramatically changed the landscape?
Which specific interests are in conflict : Describe two courses of action that you could have taken and the consequences of each option. Which specific interests are in conflict?
Disease prevention program or health education program : Locate an epidemiological article that looks at a disease prevention program or a health education program.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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