User Account

All Pages

The nature of the expenditure

Assignment Help Cost Accounting
Reference no: EM13867118

Question no 1)

State with The reason The nature of the Expenditure in Each of the Following Case:-
a) Freight on The New machinery Rs-4000 & Its Installation Cost Rs-2000
b) old Furniture sold Rs-700 ( cost 4000 but written down value 900)
c) Rs4000 spent to double the production capacity of machinery
d) compensation paid to a retrenchment of employees Rs-2000

Question no 2)
Journal
April 1 :- invested Rs-50000 as Capital by cash
April 3:- Purchased of machinery 20000 & Furniture 12000 by payment made in Cash
April 7:- Purchased of Goods on Credit for Rs-9000 From Adhikari Brothers
April 10:- Paid Carriage expenses in cash against the purchased of Goods
April 15:- Sold Goods to The pravin Traders on credit Rs-11200
April 19:- Rs-8990 paid to Adhikari Traders in full settlement for goods purchased
April 25:- Received acsh 11195 from Pravin Traders and allowed discount Rs-5
April 30:- Paid salary to Staff Rs-3500 & Office Rent Rs-950.
Consider the above transaction for Journalised in the Books of The Company 

Reference no: EM13867118

Questions Cloud

Explain the working and details of the protocol clearly : Pick any one cryptographic protocol (e.g., SSL, TLS, IKE, Kerberos, SSH, PPTP, WEP, WPA, TKIP etc.). In your initial discussion post, please explain the working and details of the protocol clearly (no copy+paste). Wikipedia is not acceptable. When re..
What kind of manager is bella : Bella is head server at a chic Italian restaurant. What kind of manager is Bella
The purchaser lessor incurs no material initial direct costs : On January 1, 2010, the Orr Company sells heavy equipment to Foible Company for $3 million, then immediately leases it back. The relevant information is as follows:
What kind of departmentalization does this represent : Chaturanga is a yoga supply company that uses a business-to-business (B2B) model for selling yoga mats to yoga specialty stores. What kind of departmentalization does this represent
The nature of the expenditure : State with The reason The nature of the Expenditure in Each of the Following Case:-a) Freight on The New machinery Rs-4000 & Its Installation Cost Rs-2000
What this means in a global context : The issue of responsibility is foundational to understanding organizational ethics Explain what this means in a global context.
Occupational safety and health act : The Occupational Safety and Health Act (OSHA) requires employers to do all of the following EXCEPT
Bribery when doing business in the executive, country. : TI asked 3,016 senior business executives in 28 countries around the world for their perceptions of the likelihood of companies, from countries they have business dealings with, to engage in bribery when doing business in the executive, country.
The estimated economic life of the machine : On January 1, 2010, Von Company entered into two noncancelable leases for new machines to be used in its manufacturing operations. The first lease does not contain a bargain purchase option. The lease term is equal to 80% of the estimated economic li..

Reviews

Write a Review

Cost Accounting Questions & Answers

  Ariba coffee company roasts and packs coffee beans the

ariba coffee company roasts and packs coffee beans. the process begins by placing coffee beans into the roasting

  Identify the ethical issues involved

Who are the stakeholders in this situation and identify the ethical issues involved in this situation.

  Long-term installment note payable

Long-term installment note payable - What portion of the December 31, 2010, payment is applied to

  Evaluate the opportunity cost of the president''s decision

Drop a Product and opportunity cost Midwestern Sod Company produces two products - Evaluate the opportunity cost of the president's decision to stick with both types of grass?

  Find how much cash will davis borrow in february

Assume Davis Consulting began January with $29,000 cash. Management forecasts that cash receipts from credit customers will be $49,000 in January and $51,500 in February. Projected cash payments include equipment purchases.

  What was the average cost per unit

What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation - explain to the president any difference in the average costs per unit

  Appropriate budget requests for project

Your program has an RDT&E-funded project scheduled to start in July 2005 which is expected to take 12 months to complete. The project is expected to cost a total of $12 million - appropriate budget requests for this project?

  Provide an explanation of your treatment of each item

Prepare a list of the costs that should be assigned to Job 123. Provide an explanation of your treatment of each item and discuss briefly how information concerning the cost of individual jobs can be used.

  Schroeder corporation had the stock outstanding

Schroeder Corporation had the stock outstanding - Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation.

  Analyze the recomputed basis of the property

Compute the adjusted basis of the property and analyze the recomputed basis of the property.

  Npc might fail as a corporate entity

Identify and evaluate the problems or indicators which could indicate that NPC might fail as a corporate entity - tough economic conditions in NPC's country have led to a decline in advertising revenues since 20X7

  Accrual and cash basis revenue

Accrual and Cash Basis Revenue

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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