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It means that by using different interest rate, the lessee is taking any other value of assets in his books as compared to lessor. Both of them can not use the same present value for the same total...

I think so you have not understood the questions there are different variables in leasing, total amount to be paid, the time, the interest rate and the installment, when a lease contract is executed...

Principal and installment amounts are always same for the lessor and lessee, as whatever is paid is received, therefore there is no question of different present values at different rates, as you...

A situation which is impossible to happen, then there is no question of GAAP violation. And if in Morgaine thinks that the GAAP has been violated, please give the reference.

You are right but I have given answer under the present circumstances to tally the balance sheet as if the fair value of trading securities would have been taken then the balance sheet would have...

15/.2 =75

If the fair value is less than cost then it should be recorded at fair value otherwise not.

you have taken trading securities at fair value while it should be taken at cost, this is the mistake you have made.

As different option of financing is available, one has to choose among those depending its cost, if the cost of factoring is lower than bank borrowing then it is preferable otherwise she should go...

Hi

I can't answer the question for you like I can't provide a complete solution as this is against the rules you have to show that you have done some efforts so I can assist you in that..
...

One can not determine inventory total cost without the cost per unit of inventory or you are asking for annual carrying cost of inventory. However the formula for average inventory is Quantity...

Bank statement balance $4,270.00 less check issued amounting to $2,500.00 has not been cashed plus The bank rejected checks amounting to $140plus Standing order for a staples order of $700 less...

Hi

I according to the site rule that I can provide you a complete solution I can assist you when you will submit your efforts.

You can debit the balance sheet (retained earning account ) by 50 and pnl by 50 and credit the divedent payable account.. this is the direct entry

If you want you can also first debit pnl and...

Your welcome :)

How it is possible because the principal amount, time and installments are same so how the interest rate may be different

Try to do it then I may guide you or check your answer

You can find this in any book of accounting, both carriage inwards and outwards are expenses so they must be credited to close them.

Thanks for the appreciation :)
You are always welcome for your future questions :)

Hi

I reviewed the balance sheet the mistake was in the profit calculation I am sending you the sheet again with the corrected profit figure you have taken profit of 19090 but in fact profit is...

Hi

The data you provided is much scattered and you have not provided any heading every column is messed up with figures. Just make it clear which is debit which is credit where is the assets and...

Yes, because bank will deduct that amount from your account and will return it to that client. So that money again will become a receivable for u from that client .
The entry would be then A/c...

Hi

I appreciate that you choose this site to ask your question.

Basically if you are asking about your books then your receivables account will increase again as now the amount will become...

Make it yourself then it may be checked

Utility expenses Dr
Cash Cr

See the attachment

Any cost whether fixed of variable has a impact on future decision making is relevant otherwise it is irrelevant. You had bought material X 2 months ago for $10 but today it is traded for $8 and you...

Cash Dr.
Discount fee Dr.
Loan payable Cr.

Cash Dr.
Advance Inocme tax Cr

26357
This method will be the diminishing balance method .



I have calculate for 2 years so you can learn how to do it now you can calculate it for the rest of the three years . So then you...

From last years data you can forecast coming years sales and the expenses . Once you have prepared all the forecasted sales and expenses then you can simply subract the cost of sales and other...

Answer

The adjusting entry for this would be


Unearned Consulting R.Ac Debit 3000
Consulting Revenue Account Credit 3000

Now...

This is not the answer I just want to know these details so I can answer this question for you and will explain it to you as well

I want to know that you said 6% half year after purchase it...

Yes if the term is for 10 days as 1st day is not included but the last day is included therefore 1+10 = 11 will be the last day of discount

My dear your question is not complete so it may be answered complete it quickly so it may be answered within your deadline.

Here is your assignment and working on other one and try to give u in time

AnswerThe balances of Accounts recievables comes at the debit side in Current Assets and the A/P needs to be put into Current liabilites in Credit side .

26327

Hi I have provided the answer if you have any further queries feel free to ask

Regards

Work in process- JoB#402 Dr.1327.14
Materinal Inventory Cr.1327.14

It seems that some data of your question is missing or you have provided incompleete informatin, however I attach the answer based on the information provided by you.

under variable 200 x 5 = $1000
under absorption 3 x 6.375= $1275

Hi
I got it I will provide you the answer tomorrow I have started working on it

Here is your attachemment

24.375 x 1.8 = 43.875
next year it was
43.875 x .49 = 21.49875

profit for 1st year = 19.5
less loss for 2nd year =2.8775
net profit = 16.6225

total return...

sorry see the revised answer earlier I took 1400000 as account receivable and 300000 as inventory instead of account payable see the revised answer
Account receivables and inventory = 1400000
less...

The answer has been given which is $1070000

Here is your answer attached

Inventory plus Account receivable =$1700000
less proft retaiend
10000000 x 9%(1-.3) =$ 630000
External financing will be needed = $1070000

I will try to answer it by tomorrow

Account receivables = 90000
less profit retained
500000 x .12(1-.4) = -36000
Net financing required = 54000