Particulars Debit Credit
1. Machinery a/c.................................Dr EUR 40,000
To vendor a/c EUR 40,000
[Being machinery purchased on credit]
2. Machinery a/c.................................Dr EUR 2,000
To cash a/c EUR 2,000
[Being transport and installation expenses paid in cash]
Note: Transport and installation charges will be included in the cost of machinery.
3. Bank a/c.................................Dr EUR 500
To Interest a/c EUR 500
[Being interest credited]
4. Profit & loss a/c.................................Dr EUR 500
To Bank a/c EUR 500
[Being exchange loss at bank]
5. Bank a/c.................................Dr EUR 500
To Profit & loss a/c EUR 500
[Being exchange gain at bank]
Please help with the task. Laro TANGIBLE FIXED ASSETS「IN USE Exercise 1 The ABC Company has...
Please help with the task uploaded Laro TANGIBLE FIXED ASSETS「IN USE Exercise 1 The ABC Company has made the following transactions: 1) the manufacturing machinery purchased; payment agreed to next month; value of assets: 40.000 EUR; the company plans to finance this transaction with the use of bank credit valued in USD 2) 2.000 EUR - costs of transport and installation of the machinery paid in cash; 3) credit interest accounted: 500 EUR; 4) negative exchange rate differences on bank...
Please help on the to complete session. EXERCISE A The balance sheet of Smile" Ltd. on 1 December contains the following itens: EQUITY & LIABILITIES ASSETS FIXED ASSE 9 700 6 300 | EQUITY 000 Share capital 300 Previous year net pr 8001-Bank credits. angible fixed assets in use Tangible foxed assets under construction Long-term CURRENT ASSETS -Short-term Goods Cash at bank Cash in har 10 60O TOT Additional information: the accumulated depreciation amount: 1 200 USD. 1) previous net...
To complete the following instructions. DIRO TLST-ACEOUNTING The balance sheet of ABC Ltd. on 1t January contains the following items: ASSETS FIXED ASSETS 1st 131st |EQUITY & LIABILITIES mm 31st 1st !January!January EQUITY 10 600 Intangible fixed assets Tangible fixed assets in use 6 Long-term receivables Share capital upplementary capital Previous year net profit Net income 10000 6000 200 5300 CURRENT ASSETS Materials LIABILITIES 1 400 Goods 1 000 Bank credits Short-term receivables 500 100 Cash at bank 2 000...
True or False? 1) PepsiCo has a higher debt ratio than Chevron (use the latest financial statements on Yahoo). 2) Apple has a higher profit margin than Gilead Science (use the latest financial statements on Yahoo). 3) Even if a firm's cash flow projections indicate that it will soon be unable to meet its interest payments, a bankruptcy case cannot begin until the firm defaults on a scheduled payment. 4) When a firm increases its common stock dividend, it must...
help pleaas HSA 4170 Exam 2 Study Guide-80 Questions Chapter 4: 1. At ABC company, if assets equal $50,000 and liabilities equal $30,000, what is the total of liabilities and net worth? A) $20,000 B) $50,000 C) $70,000 D) None of these is correct 2. At XYZ corporation, amount? etaned earnings are $10.000 and labases are $25,000, what is the total asset A) $35,000 B) $50,000 C) An unknown figure D) None of these is correct 3. At the General...
Please read the facts of the case and prepare answers for the following questions : 1 – What is the relevance of the $2,000 monthly payment to Dave Verden on the analysis of Jones’ financing needs? 2 – What metrics could you use to compare the historical financial results for Jones with the projected financial results under the four defined scenarios? 3 – Other than financing needs, what other issues should Jones address as he considers the different growth scenarios?...
Question: 1. An economic advantage of a business combination includes Acquiring duplicative assets Creating redundant management teams Coordinating marketing campaigns Duplicating integrative marketing chains QUESTION 2 The consolidation process is performed each year since the entries are recorded in the journal and ledger only by the parent company each year since the entries are recorded in the journal and ledger only by the subsidiary company each year since the entries are recorded in the journal and ledger by both the...
Please provide a: 1) Direct materials budget, including a schedule of expected cash disbursements for materials. 2) Direct labor budget. Kimmel Gnomes, located in South Dakota, may be the only other manufacturer of high quality clay garden gnomes that are hand finished. Kimmel Gnomes are stoneware, rather than terracotta. Stoneware uses higher-quality clay than terracotta and the gnomes are fired at higher temperature, yielding a stronger, more durable gnome. The gnomes are fired inside and out and are colored with...
Please provide a 1) Budgeted income statement for the year ending June 30, 2019. 2) Budgeted balance sheet for June 30, 2019. We only need annual totals for the budgeted financial statements Kimmel Gnomes, located in South Dakota, may be the only other manufacturer of high quality clay garden gnomes that are hand finished. Kimmel Gnomes are stoneware, rather than terracotta. Stoneware uses higher-quality clay than terracotta and the gnomes are fired at higher temperature, yielding a stronger, more durable...
Please provide a 1) Sales budget, including a schedule of expected cash collections. 2) Production budget. Kimmel Gnomes, located in South Dakota, may be the only other manufacturer of high quality clay garden gnomes that are hand finished. Kimmel Gnomes are stoneware, rather than terracotta. Stoneware uses higher-quality clay than terracotta and the gnomes are fired at higher temperature, yielding a stronger, more durable gnome. The gnomes are fired inside and out and are colored with glaze before firing, rather...