SUBJECT CODE – MB0041 SUBJECT NAME – FINANCIAL AND MANAGEMENT ACCOUNTING Ques. 1- Analyze the following transaction under traditional approach. a. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚ 000 b. 19.1.2011 Paid Ramu by cheque Rs.1‚ 50‚000 c. 20.1.2011 Paid salary Rs. 30‚000 d. 20.1.2011 Paid rent by cheque Rs. 8‚000 e. 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 f. 25.1.2011 Paid an advance to suppliers of goods Rs. 1‚00‚000 g. 26.1.2011 Received an advance
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CONFLICTS BAL INTERESTS Chapter 1 An Overview of Financial Management Forms of Business Organization Creating Value for Investors Stockholder-Manager Conflicts Stockholder-Debtholder Conflicts Balancing Shareholder Interests and Society Interests 1-2 © 2015 Cengage Learning. All Rights Reserved. May not be scanned‚ copied‚ or duplicated‚ or posted to a publicly accessible website‚ in whole or in part. INTRO ORGANIZATION CREATING VALUE STK-MGR CONFLICTS STK-DBT CONFLICTS BAL INTERESTS Finance
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Complete Problem 4-8A. P4-8A Dana La Fontsee opened Pro Window Washing Inc. on July 1‚ 2012. During July the following transactions were comple July 1 Issued 12‚000 shares of common stock for $12‚000 cash. 1 Purchased used truck for $8‚000‚ paying $2‚000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1‚800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3‚700 for cleaning services. 18 Paid $1‚000 cash on amount owed
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Chapter 3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than
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Kimmel‚ Accounting 5th edition CCC3 CONTINUING COOKIE CHRONICLE SOLUTION Continuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 and 2.) CCC3 In November 2009 after having incorporated Cookie Creations Inc.‚ Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead she will focus on offering cooking classes. The following events occur. Nov. 8 Natalie cashes in her U.S. Savings Bonds and receives $520‚ which
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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| Revenue reserve | Retained Profit | Total | | RM’000 | RM’000 | RM’000 | RM’000 | Bal b/d | 100‚000 | 20‚000 | 49‚000 | 169‚000 | Total comprehensive income | - | (9‚000) | 50‚900 | 41‚900 | Dividend | | | (13‚600) | (13‚600) | Rights issue | | | | 5‚000 | Bal c/d | 105‚000 | 11‚000 | 86‚300 | 202‚300 | WORKINGS W1: Administrative cost | RM | W2: Other operating expenses | RM | Bal. as per t. b. | 44‚400 | Research cost | 2‚800 | Audit fee | 100 | Development cost | 4
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strength demonstrated by ® shoulder abd. 50%‚ ® shoulder flexion 45 degrees‚ ® elbow flexion 105 degrees‚ ® elbow extension -42 degrees. 2. Pt. to safely transfer to all functional surfaces with SBA. 3. Pt. to improve standing bal. to F+ 4. Pt. to perform UB ADLs with min A. (may require assistive technology) Activities Various Thera band exercises to increase UE strength. This will increase functional strength‚ flexion‚ extension‚ and also aid pt. with
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To get an understanding and feel of the process of accounting‚ let us go through an example of an organisations accounting consisting of a few transactions during an accounting period. Following are the transactions relating to M/s Trinity Foods‚ over an accounting period from 1st June 2005 to 30th June 2006. ▪ Started business with Capital Tk. 1‚00‚000 ▪ Paid into Bank Tk. 10‚000 ▪ Bought Furniture and paid cash Tk. 25‚000 ▪ Bought goods for cash Tk. 50‚000 ▪ Bought
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CHAPTER 5 Merchandising Operations ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |A | |B | |Study Objectives | |Questions | |Exercises | |Exercises | |Problems | |Problems | | | | | | | | | |
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