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!
Illustration of double entryThe balances on the current accounts of a head office and branch were Ksh 698,000, before the transactions listed below:
Kshs
Goods sent to branch by head office
1,727,000
Remittances received by head office from branch
892,000
Goods received by branch from head office
1,620,000
Remittances sent to head office by branch
944,000
Branch profit for the period
594,000
Goods in transit from head office to branch
107,000
Cash in transit from branch to head office
52,000
Books of head office:
Branch Current A/C
Sh
Bal b/d
698,000
Cash book
GSTB
Bal c/d
*1,533,000
2,425,000
1,533,000
Goods in transit
Branch profit
Cash in transit
________
1,968,000
2,127,000
* Entry that is usually found in the trial balance of the Head Office.
Goods sent to branch
Branch current a/c
Books of the branch:
Head office current account
Bal c/d*
1,374,000
2,318,000
* Entry that is usually found in the trial balance of the branch.
Goods from head office
H.O current a/c
On April 10, ABC inc. Enters in a swap contract for 10 years with a chartered bank to turn a fixed rate on liability of $150 million to floating rate. ABC wants to receive interest
In this project you will use your many skills to create multiple portfolios, using the Standard and Poor's Mid Cap 400 as your dataset. First, construct an index fund using a st
Q. Show danger of high financial gearing? A additional danger of high financial gearing is that a company may move into a loss-making position as a result of high interest paym
Richard Company had 102,000 shares of $5 par value common stock issued and outstanding before repurchasing 10,200 shares for $76,500. Richard had received $2,040,000 cash from shar
Ace Company has a 30 percent marginal tax rate and uses a 12% discount rate to compute NPV. The firm started a venture that will yield the following before-tax cash flows: year 0,
Illustration of Corporate tax During the year ended31/12/2003, A Ltd. had estimated the corporation tax for the year to be £100,000. The amount was still outstanding as at 31/1
Question: Lucy Kim is in the car hire business. The following information came from her Fixed Asset Register on 31 December 2009: On 31 March 2009, she sold the car wh
some lectures on branch accounting chapter of advance accounting or way how to do journal entries or way of branch accounting??i m totally unaware of this chapter and want to study
Company conversion features If the formation costs are to be bourne by the company then the profit or loss on realization will be the same as the company then the new company (
An investor holds a bullish view for the equity market over the next twelve months and wishes to recalibrate his portfolio to reflect this view. The investor's portfolio consists o
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