Beta Group
Corp. Statement of Financial Position December 31 |
|
Assets | |
Cash | 5,000 |
Trade Receivables | 11,000 |
Inventories | 18,000 |
Property Plant and Equipment | 69,000 |
Goodwill | 19,500 |
Other Intangibles | 2,000 |
Total Assets | 124,500 |
Liabilities and Shareholders Equity | |
Trade and other payables | 22,000 |
Current Tax Payable | 3,500 |
Short Term Borrowings | 6,500 |
Long Term Borrowings | 20,000 |
Deferred Tax Liability | 12,000 |
Share Capital | 37,000 |
Retained Earnings | 23,500 |
Total Liabilities and Shareholders Equity | 124,500 |
1,2 cerning indirect taxes (VAT) as of 31/12/19 1) The Candidate has to register the above...
1) The Candidate has to register the above operations using the double-entry bookkeeping system: a) On 15" June firm X sales goods for 15,000 euro + VAT. Payment by bank transfer on 25 June; b) On 20 March firm X purchases goods for 22,500 euro + VAT. Payment by cash on 25* March; c) On 22 November firm X sales goods for 12,000 euro + VAT. There are passive allowances for 2,000 euro. Payment by bank transfer on 28 November;...
please answer both questions Problem 1. Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate the nature of each account, using the following abbreviations: Revenue - R Asset - A Liability - L Expense - E Capital/Equity- In the second column, indicate the increase side of each account by inserting Dr. or Cr. (b) Increase Side Type of Account Account Supplies (2) Notes Receivable...
Sent Need the answers for that whole question paper True or false questions (25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each question carries 2 Marks 1. Accounting Principle is general law or rule followed in the preparation of financial statements 2. Usefulness, objectivity and feasibility are the three basic norms generally found in accounting principles 3. The Cash book record only the cash payments 4. If a...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...