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Smith, a trader, received from his solicitor a cheque for £74 which represented the proceeds of collecting a debt due to him from Jones, a customer.
Bank Charges amounting to £8. 8. 0. shown in the bank statement had not been entered in the Cash Book.
Blythe in the books of Dundee & Co. showing on ONE account the net balance outstanding at the end of the month.
The purchase of a motor truck for £647 had been correctly entered in the Cash Book but had been posted to the Motor Truck Account as £674.
On 1st July, 1962, WiUiams owes Dixon £1,200 and immediately accepts three bills of £400 each due respectively in one, two and four months.
On 1st January, 1961, Barlow and Ring enter into an agreementHow to provide liquid funds.
The balance of the goods had been sold for £5,500 and SeUing Expenses of £150 had been incurred.
Four half-yearly instaknents of £538, the first being payable on 30th June, 1961. Interest at the rate of 6% per annum is included in the instalments.
Make any adjusting entries you think desirable and provide for depreciation at 20% per annum.
Give the Machine Account for the two years, providing depreciation at 10% per annum.
How much profit from this transaction is included in the accounts for the year to this date?
What do generally accepted auditing standards require regarding independence?
Determine the suitable software and hardware needed with an explanation on why it's needed.
Identify one company that is using Open Source Software and review how the company is using it and the benefit(s).
How would Open Safari present the released elephants in its statement of financial position at 31 December 20X9?
What are the key considerations when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement?
Managers use a variety of tools to analyze a company's financial position. Horizontal, vertical, and ratio analyses are three important tools.
Describe what each category tells the user about the financial health of a company.
Imagine that a coworker wants to circumvent an internal control to steal money from your company.
Transaction analysis is the first step in the accounting process. Learning how to interpret and translate transactions is crucial.
What would be the least amount of savings that would make this investment attractive to EEC?
You are required to prepare the Joint Venture Account as it would appear in the books of Duke recording his transactions with the joint venture.
Prepare the Profit and Loss Appropriation Account and the partners Current Accounts for the year ending 31st December, 1961.
Two friends, Guppy and Jobling, are engaged in preliminary discussions with a view to setting up in business as retailers.
Goodwill does not appear in the books but is valued at £5,000. Brown introduces £7,000 into the business as capital and premium.