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Financial-Accounting-2 Questions
Financial-Accounting-2 Questions
Suppose that the government implement a price ceiling on the cigarette market, construct a demand and supply market for cigarette. Explain (5) how non-binding and/or binding price ceiling result in a reduction in market efficiency.
Explain TWO (2) difference between LLP and a conventional corporation in terms of statutory compliance requirement. Give an example for each difference.
‘The idea that stock should be included in accounts at the lower of historical cost and net realisable value follows the prudence convention but not the consistency convention.’ Required: (a) Do you agree with the quotation? (b) Explain, with reasons, w
Explain TWO (2) difference between LLP and a conventional corporation in terms of statutory compliance requirement.
‘The idea that stock should be included in accounts at the lower of historical cost and net realisable value follows the prudence convention but not the consistency convention.’ Required: (a) Do you agree with the quotation? (b) Explain, with reasons,
Macy Berhad has issued share capital of 5,000,000 ordinary shar es of RM0.50 each and 200,000 6% preference shares of RM2 each, in addition to borrowings in the form of 5% debentures totaling RM1,000,000. The board of directors are now
Emcee Berhad issued 2,000,000 new ordinary shares to the public, at an offer price of RM2.30 per share. Application for a total of 5,000,000 shares was received.
Explain the difference between preference share and ordinary share.
Describe Describe the advantages and disadvantages of operating as limited companies. advantages and disadvantages of operating as limited companies.
Macy Berhad has issued share capital of 5,000,000 ordinary shar es of $0.50 each and 200,000 6% preference shares of $2 each, in addition to borrowings in the form of 5% debentures totaling $1,000,000.
Prepare the extract of SOFP, showing the equity position of Emcee Berhad after completion of the above transaction.
Emcee Berhad issued 2,000,000 new ordinary shares to the public, at an offer price of $2.30 per share. Application for a total of 5,000,000 shares was received.
Explain what debit balance on the capital account indicate and the action need to be taken to resolve upon winding up a partnership
Before the COVID-19, what is the Malaysian Financial Institutions situation?
Explain the action need to be taken to resolve upon winding up a partnership.
Sam is to be credited with a salary at the rate of RM12,000 per annum from 1 July 2019. b) Prepare statement of financial position as at 30 September 2019. what is the categori of salary? is it accured salary or prepaid salary
Explain what debit balance on the capital account indicate and the action need to be taken to resolve upon winding up a partnership.
Draft a balance sheet for the partnership
SUSPENSE ACCOUNT
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