Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

problem 1: What do you mean by Book keeping? Describe the main objectives and significance of Book keeping.

problem 2: What are the golden rules of accounts? Give five illustrations of each kind of account.

problem 3:

a) Differentiate between Trading and Non Trading organization.
b) Define the term Depreciation. What are the causes of depreciation?

problem 4: prepare Short notes on any four:

a) Objectives of Accountancy.
b) Benefits of Cash Book.
c) Bank Reconciliation Statement.
d) Capital Expenditure.
e) Fixed Installment Method.

problem 5: Rectify the given errors.

a) A machine purchased Rs. 33,100 is debited to Purchases account.
b) Wages paid for erection of new machinery Rs. 3,500 are debited to Wages account.
c) Material of Rs. 10,500 and wages of Rs. 5,500 paid for additions to building were debited to Purchases and Wages account.
d) Land acquisition charges paid Rs. 10,800 were debited to Legal Charges account.
e) Carriage paid on purchases of goods Rs. 4,000 was debited to Goods account.
f) Rs. 1,000 paid for repairs to Machinery were debited to Machinery account.
g) Salaries of Rs. 1,800 paid to Mr. A were debited to Mr. A’s account.
h) Goods sold to Mr. A Rs. 1,000 are recorded in the Purchase book.
i) Wages paid Rs. 4,100 are posted to Salaries Account.
j) Goods purchased from Mr. A Rs. 2,400 on credit were recorded as Rs. 240 in the Purchase Book.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M95758

Have any Question? 


Related Questions in Financial Accounting

Determine how you would segment the market to conduct

Determine how you would segment the market to conduct research for the health care product or service you found. Explain your rationale. Referring to the same health care product or service, determine the most effective ...

Note answer all questions kindly note that answers for 10

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.   Question1 - 1 X, Y & Z were partners sharing profits and ...

Assignmentbullwhen a company owns inventory it has to

Assignment • When a company owns inventory, it has to decide how to consistently value the inventory sold and on hand. Four inventory valuation methods are available to help the organization effectively value its invento ...

Comprehensive annual financial report of prince georges

Comprehensive Annual Financial Report of PRINCE GEORGE's COUNTY http://www.mncppc.org/Our_Departments/Central_Administrative_Services/Finance/CAFR/CAFR2015.html Prepare a Power Point presentation... 8-10 slides... COMPRE ...

I loss contingencies entries and essayon november 24 2014

I. (Loss Contingencies: Entries and Essay) On November 24, 2014, 26 passengers on Windsor Airlines Flight No. 901 were injured upon landing when the plane skidded off the runway. Personal injury suits for damages totalin ...

Assignmentconsider the listing at 4815 catoctin san diego

Assignment Consider the listing at 4815 Catoctin San Diego, CA 92115 Price $475,000 Bob Betty Homebuyers want to make an offer on this property at the list price. Bob earns $48,000 per year and Betty earns $54,000 per ye ...

Financial acounting assignmentcompanies1-oula fuel

FINANCIAL ACOUNTING ASSIGNMENT Companies: 1- Oula fuel marketing co 2- Kuwait resort company http://www.boursakuwait.com.kw/Stock/Financials.aspx?Stk=651&S=INC 1. Revenue Recognition Revenue is the largest item on the in ...

1-describe in detail the guidelines used for leading

1-Describe in detail the guidelines used for leading decision group meetings. 2-Explain leadership in? self-managed teams and the differences between internal and external leadership roles.

Assignmentconstructive retirement at beginning of year

Assignment Constructive Retirement at Beginning of Year (Effective Interest Method) Able Company issued $690,000 of 7 percent first mortgage bonds on January 1, 20X1, at 103. The bonds mature in 20 years and pay interest ...

Which survey method mail telephone or personal interview

Which survey method (mail, telephone, or personal interview) would you use for the following situations? Explain your choice. Situation 1 Administration of a questionnaire by a local auto dealership that wishes to find o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen