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HOMEWORK
Homework
Homework
Answer 1 (Ex-4.8):
A.
Date
Particulars
Ref.
Debit
Credit
Jun 30, 2014
Insurance Expense
$3750
Prepaid Insurance
$3750
B.
The amount of Prepaid Insurance as per June 30, 2014 will be $1250.
C.
If there would be no adjusting entry made on June 30, 2014 for Prepaid insurance then, it would result in understatement of expenses leading to overstatement of profits that year. ...
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ACCOUNTING ANALYSIS
Accounting Analysis
Abstract
The major focus of the paper is to analyze the financial stability of the company with the perspective of a share holder. Thus, for this purpose, the chosen company is a well renowned firm in UK named TESCO Plc. It is a public limited company and it is ...
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MORRISON'S PLC - FINANCIAL ANALYSIS
Morrison's Plc - Financial Analysis
Table of Contents
Introduction3
Scope of the Paper3
Discussion4
Financial Information for Shareholders4
Objectives of Shareholders6
Financial Control8
Company Financials14
Ratio Analysis15
Conclusions27
Introduction
Shareholders are an important part of organization and have varying needs with respect to financial information of the company. Shareholder is one individual (natural person) or entity that owns ...
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ACCOUNTING ANALYSIS
Marks & Spencer Group PLC - United Kingdom
Marks & Spencer Group PLC - United Kingdom
Introduction
Marks & Spencer is a UK based company which has headquartered in Westminster city. The main business of Marks & Spencer is selling the garments and clothing along with food items that are considered to ...
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ACCOUNTING & STATISTICS
Accounting & Applied Statistics and Mathematics
Part - I: Accounting
Q1
Balance Sheet of Sincliar Ltd
For the period December 31 2011
(In thousands)
Current Assets
Cash
11000
Accrued expense
10000
total current assets
21000
fixed assets
Land and building
200000
Plant machinery
190000
total fixed assets
390000
total fixed and current assets
411000
Current liabilities
80000
Long term liabilities
accounts payable
40000
Long term liabilities
250000
total liabilities
370000
Shareholder equity
total share capital and ...
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Financial Accounting
Financial Reporting
Date
Details
Debit
Credit
(b) 30th June 2012
Depreciation Expense
3000
Accumulated Depreciation-Office Furniture
3000
Depreciation Expense
2160
Accumulated Depreciation-Office Equipment
2160
Depreciation Expense
2800
Accumulated Depreciation-Motor Vehicles
2800
Depreciation Expense
4300
Accumulated Depreciation-Fixtures and Fittings
4300
Depreciation Expense
9000
Accumulated Depreciation-Buildings
9000
(c) 30th June 2012
Telephone Expense
450
Cash
450
Miscellaneous Expense
200
Cash
200
(d) 30th June 2012
Couch Vehicle
900
Cash
900
Date
Details
Debit
Credit
(e) 30th June 2012
Maintenance Expense
200
Cash
200
(f) 30th June ...
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TAXATION
Taxation
Taxation
Introduction
The following is an assignment for guiding two friends on the amount of taxes they need to pay within a fiscal year. The two friends are Thomas and Tiffany who are aging above 20 years and are earning their incomes. Thomas and Tiffany are siblings and each one is individually ...
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Corporate Accounting Assignment
Corporate Accounting Assignment
Introduction
The purpose of this study is to expand the boundaries of our knowledge by exploring some relevant information relating to the analysis of two accounting model. Valuation of assets refers to the procedure of examining the value (worth) of the company. The asset valuation is ...
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Corporate Budgeting
Corporate Budgeting
PART-1 Accounting Analysis Ballarat Furniture Company's budget for 2013:
Sales Budget
Ballarat Furniture Company's
Sales Budget
For the Year Ended 2013
Sales Volume
52000
Sales Price
$392
Total Sales
$20,384,000
Production Budget (in Units)
Ballarat Furniture Company's
Production Budget (in Units)
For the Year Ended 2013
Budgeted Sales Units
52000
Ending Units
3000
Beginning Units
-5000
Production Units
50000
Direct Material Usage Budget
Ballarat Furniture Company's
Direct Material Usage Budget
For ...
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Accounting Assignment
Accounting Assignment
Introduction
The purpose of this study is to expand the boundaries of our knowledge by exploring some relevant information relating to the analysis of Accounting Concepts. In this assignment, we will examine and calculate the intangible assets as well as prepare schedule for lease payments. For the purpose ...