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Prove that accounting equation is satisfied in all the following transactions of Mr.X
1. Commenced business with cash - Rs.80,000 2. Purchased goods for cash - Rs.40,000 and on credit Rs.30,0003. Sold goods for cash - Rs.40,000 costing Rs.25,0004. Paid salary - Rs.2,000 and salary outstanding Rs.1,0005. Bought scooter for personal use for cash at Rs.20,000
Q. Andy Eggers has invested $150,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Eggers stand to lose? a.
A) Suppose you have two stocks (A and B) in your portfolio, worth $400,000 and $600,000 respectively. The annual volatility is 0.30 and 0.35 respectively. The correlation between t
Preferential debts These are almost the same as in bankruptcy; with the addition that any person who has advanced money for the payment of wages has the same priority as the pe
need and important of final account
Q. Illustrate Accounting ramifications? Accounting ramifications i) Restatement ii) Unable to file on timely basis while go back and determine what periods are effected
LessorMfg Corp. is a manufacturer of heavy equipment. On January 1, 2013, LessorMfg Corp. leases equipment to Small Company under a six-year noncancelable lease agreement. The foll
Puts - A put is an option to sell a number of shares of stock at a stated price within a definite period. Gain or loss on a put is short or long term depending on holding period of
Powers of investment 1. Shares and debentures: A trustee may: Invest in bearer securities if these would otherwise be authorised; Acquiesce in an amalgamation
Assets 1) The classification of investments in the Balance Sheet will be under a few broad headings with schedules listing the individual assets. Where the Trustees Act has been
RECOMENDATION REGARDING THE CURRENT SOUTH AFRICAN VAT SYSTEM
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