Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill Education, Australi
how to find this number GST 5200
Homework Answers
GST is 10% of purchase price on van.
Since Purchase price is inclusive of GST, therefore quoted price of $57200 is 110% of Purchase price.
Purchase amount = $57200 / 110 x 100 = $52000
GST = $52000 x 10% = $52000
Add Answer to:
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australi
how to find this number GST 5200...
Just explain the part I added red notice for it Refrence Deegan. (2016). Financial Accounting ....
Just explain the part I added red notice for it
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
On 3 January 2017, Bennetti Ltd paid $33 000 net of GST for a machine with a useful life of 10 years and a residual value of $3000. On 31 December 2021, accumulated depreciation on the machine was $15 000. The machine was sold on 31 May 2022. Required (a) Prepare a...
Refrence Deegan. (2016). Financial Accounting . McGraw-Hill Education, Australi On 1 January 2019, Rake Ltd had...
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australi
On 1 January 2019, Rake Ltd had equity accounts as follows. Share capital (60 000 shares issued for $30 each) General reserve Retained earnings $1 800 000 250 000 900 000 During the year, the following transactions occurred. Feb. 1 Mar. 1 July 1 Declared a $0.60 cash dividend per share to shareholders, payable on 1 March. Paid the dividend declared in February. Declared a 10% share dividend to shareholders, distributable...
Week 10 Nevertire Ltd purchased a delivery van costing $52,000. It is expected to have a...
Week 10 Nevertire Ltd purchased a delivery van costing $52,000. It is expected to have a residual value of $12,000 at the end of its useful life of 4 years or 200,000 kilometres. Ignore GST. Required: a) Assume the van was purchased on 1 July 2019 and that the accounting period ends on 30 June Calculate the depreciation expense for the year 2019-20 using each of the following depreciation methods (6 marks) straight-line • diminishing balance (depreciation rate has been...
Refrence Deegan. (2016). Financial Accounting . McGraw-Hill Education, Australia Milk Park Ltd is retailing company which...
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Milk Park Ltd is retailing company which commenced operations on the 1st of July 2018. At the financial year end 30th June 2019, the firm furnished its statement of comprehensive income and the statement of financial position as follows: Statement of Comprehensive Income for the year ended 30 June 2019 2$ 2$ 1,144,000 (475,500) 668,500 85,000 753,500 Sales Revenue Cost of sales Gross profit Other income: interest income Less operating expenses:...
Just explain the part I added red notice for it, only how to get these numbers...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2019: Zhou Ltd Jan 1 $ 2019 Jan. 1 $ 60,000 June 30 Scrapped a piece of machinery that was purchased on 1 January 2009...
Just explain the part I added red notice for it, only how to get these numbers...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Solution – Exercise 1 xercise 1 - Journal entries - Perpetual Inventory System + GST Requirementi Inventory 27 190 GST Paid 2 719 Accounts Payable 29 909 erryland's Markets had an inventory balance of $32,570 (excl. GST) at the...
financial accounting
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how we get 186000 ( I red underlined it below ) what numbers we calculated to...
how we get 186000 ( I red underlined it below ) what numbers we
calculated to get 186000 ? where and how exactly it
came from ? show me the numbers
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
QueSΠΟΗ 12 The following financial statements of Mungo Ltd and its subsidiary Barry Ltd have been extracted from their financial records at 30 June 2019. Mungo Ltd ($000) Barry Ltd ($000) 1 380 (928) 452 1 160 (476) 684 186...
Just explain the part I added red notice for it
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
On 3 January 2017, Bennetti Ltd paid $33 000 net of GST for a machine with a useful life of 10 years and a residual value of $3000. On 31 December 2021, accumulated depreciation on the machine was $15 000. The machine was sold on 31 May 2022. Required (a) Prepare a...
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australi
On 1 January 2019, Rake Ltd had equity accounts as follows. Share capital (60 000 shares issued for $30 each) General reserve Retained earnings $1 800 000 250 000 900 000 During the year, the following transactions occurred. Feb. 1 Mar. 1 July 1 Declared a $0.60 cash dividend per share to shareholders, payable on 1 March. Paid the dividend declared in February. Declared a 10% share dividend to shareholders, distributable...
Week 10 Nevertire Ltd purchased a delivery van costing $52,000. It is expected to have a residual value of $12,000 at the end of its useful life of 4 years or 200,000 kilometres. Ignore GST. Required: a) Assume the van was purchased on 1 July 2019 and that the accounting period ends on 30 June Calculate the depreciation expense for the year 2019-20 using each of the following depreciation methods (6 marks) straight-line • diminishing balance (depreciation rate has been...
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Milk Park Ltd is retailing company which commenced operations on the 1st of July 2018. At the financial year end 30th June 2019, the firm furnished its statement of comprehensive income and the statement of financial position as follows: Statement of Comprehensive Income for the year ended 30 June 2019 2$ 2$ 1,144,000 (475,500) 668,500 85,000 753,500 Sales Revenue Cost of sales Gross profit Other income: interest income Less operating expenses:...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2019: Zhou Ltd Jan 1 $ 2019 Jan. 1 $ 60,000 June 30 Scrapped a piece of machinery that was purchased on 1 January 2009...
Just explain the part I added red notice for it, only how to get
these numbers ( please show me numbers, the calculation, what to
add multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
Solution – Exercise 1 xercise 1 - Journal entries - Perpetual Inventory System + GST Requirementi Inventory 27 190 GST Paid 2 719 Accounts Payable 29 909 erryland's Markets had an inventory balance of $32,570 (excl. GST) at the...
All questions need to be answered please. From
questions 1 to question 5.
ASSIGNMENT 7: FINANCIAL ACCOUNTING Note: 1. Value Added Tax (VAT) must be ignored 2. Use the formats contained in your study guide to answer questions 2 to 5 (20) QUESTION 1 REQUIRED For each of the following questions, write down only the letter of the correct answer e.g. 1.6 C. Do not shovw any calculations. 1.1 he following information relates to an item of inventory sold by...
how we get 186000 ( I red underlined it below ) what numbers we
calculated to get 186000 ? where and how exactly it
came from ? show me the numbers
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
QueSΠΟΗ 12 The following financial statements of Mungo Ltd and its subsidiary Barry Ltd have been extracted from their financial records at 30 June 2019. Mungo Ltd ($000) Barry Ltd ($000) 1 380 (928) 452 1 160 (476) 684 186...
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