Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assume you are receiving an amount of Rs.5000 twice in a year for subsequent five years one time at the starting of the year and another amount of Rs. 5000 at the ending of the year that you deposit in the bank that pays an interest of 12%. Calculate the value of the deposit at the ending of the fifth year.
Solution: In this type of problem we have to compute the future value of two annuities of Rs.5000 consisting duration of five years. The primary annuity is an annuity due and the next annuity is regular annuity, thus the value of the deposit at the ending of five year would be as:
FVAn + FVAn(due)
= A [((1 + k)n - 1)/k] + A [((1 + k)n - 1)/k](1 + k)
= A (FVIFA12, 5) + A (FVIFA12, 5 ) (1 + k)
=5000 (6.353) + 5000 (6.353)(1.12)
= 31,765 + 35,577
=67336
The value of deposit at the ending of the fifth year = Rs. 67,342.
Q. A ltd. Company has equity share capital of Rs. 5,00,000 divided into shares of Rs. 100 each. It wishes to gain further Rs. 3,00,000 for expansion cum modernization plans. The co
The functional currency method (formerly temporal method) Under this method, the branch is considered to be an extension of the head office and this is reflected by the trading
I've tried everything im just really lost. I have to enter into T accounts. Common stock $5 stated value (900,000 shares authorized, 620,000 shares issued)................. $3,100,
Illustration for preparing final accounts K Ltd established a branch in Arusha Tanzania on 1.1.X2, when Kshs 1 = TShs 15. PPE costing Kshs 800,000 were purchased on that day. I
LANDLORD'S RIGHT OF DISTRESS The Landlord's right to distrain for arrears of rent is not lost on the tenant's bankruptcy, but 1) Distress can only be levied after commencement
Accounting Policies These financial statements have been prepared under the historical cost basis of accounting which is modified to accommodate the revaluation of certain proper
economic substance as in recognition of revenue
Weighing up the costs and benefits You may feel that, when considering a piece of accounting information, provided four main qualities identified are present and it's material
What is the function of bill receivable? What is the meaning of bill receivable?
What is implication of applying accounting concepts wrongly.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd