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Show the effect of the following transactions on the Assets, liabilities and capital through accounting equation: Rs. a) started business with cash 1,20,000 b) Rent Received 10,000 c) Invested in shares 50,000 d) Received dividend 5,000 e) Purchase goods on credit form Ragani 35,000 f) Paid cash for household expenses 7,000 g) Sold goods for cash (costing Rs. 10000) 14,000 h) Cash paid to Ragani 35,000 i) Deposited into Bank 20,000
a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of
Under the allowance method of recognizing uncollectible accounts, the entry to write off an uncollectible account
Accounting is the study of how businesses track their income and assets over time
laramie industries owns 45 of mccook company. for the current year mccook reports net income of 250000 and declares and
guyer company publishes a monthly sports magazine fishing preview. subscriptions to the magazine cost 20 per year.
urquhart corporation applies manufacturing overhead on the basis of direct labor-hours. at the beginning of the most
you are building a yacht. it will be done in 5 years. you have 3 choices regarding payment. 1 you can pay for it now
presented below are two independent situations related to future taxable and deductible amounts resulting from
What would expected net income be if the company experienced a 10 percent increase in fixed costs and 10 percent increase in sales volume?
if you answer questions 1 amp 2 you will not receive points. only need answers to questions 4 and 5. i will report
sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel
cbs companys manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished
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