Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

The Trial Balance extracted on the 31st December, 2010 is shown below for Compu Express Ltd., a dealer in Computers.

1141_trial balance.jpg

Notes:

a) Closing stock at 31.12.10 is $2,800.

b) All the assets should be depreciated at 10% on a straight line basis.

c) There is an accrual of $500 on Rent and rates.

You are needed to make an Income Statement for the period ending 31.12.2010

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M96967

Have any Question? 


Related Questions in Financial Accounting

Module cost of capital worksheetpromptreview the questions

Module Cost of Capital Worksheet Prompt Review the questions below and use the data provided in the question to solve the calculation. As you work through each equation, think about where the data for your company maybe ...

Assignmentalto company consists of the red river division

Assignment Alto Company consists of the Red River Division and the White Mountain Division. Red River produces and sells 100 pound bags of pottery clay which can either be sold to outside customers or to White Mountain. ...

Assignmentangies empanadas cvp and cost behaviortired of

Assignment Angie's Empanadas: CVP and Cost Behavior Tired of the corporate life Angie opened Angie's Empanadas in on April 1st near a large university campus. She had long been told that her empanadas were the best in to ...

Noting discussion of supreme court decisions 1 meritor

Noting discussion of Supreme Court decisions: 1) Meritor Savings Bank v. Mechelle Vinson and 2) Oncale v. Sundowner Offshore, research both cases online and respond to the following questions. 1. Provide a paragraph summ ...

Assignment non florida fte case problemin the state of xxx

Assignment: Non Florida FTE Case Problem In the State of XXX, funding of public education is handled through a Foundation program. The state funds a student at a weighted FTE value of $3,150. Based on a local school dist ...

Assignmentpart 11crimpson company had the following petty

Assignment Part 1 1. Crimpson Company had the following petty cash transaction during January 2016: Jan. 1 Established a petty cash fund of $200 12 Reimbursed the fund for the following expenses: Supplies expense $65.00 ...

Mr great kid an experienced budget analyst at toysforall

Mr. "Great" Kid, an experienced budget analyst at ToysForAll Manufacturing company, has been charged with assessing the firm's financial performance during 2014 and its financial position at year end 2014. To complete th ...

Assignmentswish watch corporation manufactures sells and

Assignment Swish Watch Corporation manufactures, sells, and services expensive, ugly watches. The company has been in business for three years. At the end of the most recent year, 2006, the accounting records reported to ...

Assignmentauerbach enterprises manufactures air

Assignment Auerbach Enterprises manufactures air conditioners for automobiles and trucks manufactured throughout North America. The company designs its products with flexibility to accommodate many makes and models of au ...

Exercise 1 fixed versus variable cost behaviornasenko

Exercise 1: Fixed versus variable cost behavior Nasenko Company's cost and production data for two recent months included the following:                            March    April Production (units)   200       400 Rent   ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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