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Give detailed description on the six components of good governance emphasized through the World Bank.
What are the major reasons accounting for the difference between balance in the cash book and the bank reconciliation? Distinguish between a standing order and a direct debit.
Create the Debtors Control Account and the Creditors Control Account for the month of April 2006. Briefly explain the reasons for preparing control accounts.
Make extracts of Balance Sheet and Income Statement as at 31 March 2009 to show how the balances will be presented.
Distinguish, with the help of suitable examples, between capital and revenue expenditure. What is the significance of the prudence concept in accounting?
Explain how the given transactions are reported by using cash and accrual accounting.
Compute the overhead absorption rate for Machining and Finishing and describe the relevance of the basis used.
Distinguish between Financial Accounting and Management Accounting. Find out VIMAAN Company's break-even point in units.
Produce a graph to show the break-even point associated with the proposal to purchase new machinery. Compute margin of safety associated with the estimated level of output.
Make a Debtor’s ledger control account from the given information:
Analyze the nature of the efficient markets hypothesis (EMH) and describe how the various forms of efficiency can be tested.
What are the major components of a set of Financial Statements and what are their respective purposes?
Weight in X (%) 100 75 50 25 0 Weight in Y (%) 0 25 50 75 100. Compu
The Purchases Ledger Control Account and Sales Ledger Control Accounts for the year ended 30 September 2010.
Distinguish between capital expenditure and revenue expenditure, describing the important criteria which make the differences possible.
As the computation of depreciation is based on estimates, not facts, why bother to make the computation? Describe.
A two year bond with the annual coupon of 6 per cent, par value of Rs 100 and next coupon payment in one year. The present yield to maturity on this bond is 6.5 per cent. Compute the market price of
Compute the corrected bank balance that must appear in the cash book of Joy at 31st July 2012.
All other factors remain constant and the firm has access to large amounts of capital. The required return on projects is 4%. Compute IRR for MLH using trial rate of 21% and 22%. Compute IRR for NSA u
You are the assistant financial controller of Pride Ltd. The company`s year end is 31 December 2009. The given balances were extracted as at 31 December 2009.
Describe how CAPM provides a framework for measuring systematic risk of the individual security in a well diversified portfolio, using concept of security market line.
Write up the essential ledger accounts to record these transactions for two years ended 31 December 2005 and 2006. (Separate cost and aggregate depreciation accounts are required). Describe briefly
Prepare a Purchases Ledger Control Account for the year ended 30 April 2009.
Write up the following accounts to record above transactions and bring down the balances as at 30 September 2006: Briefly describe reasons for preparing control accounts.
Make the following financial statements for the year ended 31st December 2009 for Bandana Ltd in accordance with IAS 1 Presentation of the Financial Statements: