💰 accounting

1. The problem is to prepare a balance sheet by separating assets from liabilities and equity, and then calculate the totals. 2. A balance sheet follows the accounting equation: $$

1. **State the problem:** Calculate the ending inventory balance for ALICE Co. using the periodic inventory system.

1. **State the problem:** ALLEJE Co. purchased merchandise with a list price of 40,700 subject to a 25% trade discount. They returned 5,000 worth of merchandise and paid within the

1. Statement of the problem. FDN Trading sold merchandise on September 1, 2023 for 500000 less two successive trade discounts of 10% and 10% on terms 20% down, balance 2/20, n/90.

1. **Асуудлыг тодорхойлох:** "Солонго" компанийн 2XX2 оны мөнгөн гүйлгээний тайланг шууд болон шууд бус аргаар бэлтгэнэ.

1. **State the problem:** Calculate the Net Operating Assets (NOA) for the given years 2022, 2023, and 2024. 2. **Formula for NOA:**

1. The problem asks to match List I (types of accounting errors) with List II (their descriptions). 2. Let's analyze each error type and match it with the correct description:

1. **Problem Statement:** Kamau owns a patent and Seth and Co. acquired rights to manufacture and sell locks for 7 years. They pay a royalty of 5 per lock sold with a minimum annua

1. The problem asks about the classification of the book value of old equipment in a keep-or-replace decision. 2. In decision-making, costs and values are categorized as relevant o

1. The problem asks to identify the type of cost that will be incurred regardless of the decision made. 2. Let's define the options:

1. The problem asks: What makes a cost relevant in decision-making? 2. A relevant cost is one that will affect future decisions because it differs between alternatives.

1. **Problem Statement:** We need to value the closing inventory using the FIFO (First In, First Out) method given the following data:

1. **State the problem:** We need to compute the total goods available for sale given the transactions. 2. **Identify relevant formula:**

1. **State the problem:** Calculate the final amount of cash collected on September 21 given the sales, discounts, returns, partial payment, and payment terms.

1. **Stating the problem:** We are given financial data including sales, variable expenses, contribution margin, fixed expenses, and net operating income. We want to understand how

1. **State the problem:** Determine the VAT payable by ABC Company for the 1st quarter of 2018 given sales, purchases, and inventory data from 2017.

1. **State the problem:** Prepare a consolidated income statement for Nairobi and its subsidiary Mombasa for the year ended 31 December 2017, incorporating adjustments for intra-gr

1. **Problem Statement:** You prepared an adjusted trial balance but it did not balance. We need to identify common errors that cause imbalance in adjusted trial balances. 2. **Und

1. **State the problem:** Prepare and balance the sales book for Mr. Mark for the period ended 30 April 2006 using the given sales data.

1. **State the problem:** Prepare and balance the sales book for Mr. Mart for the period ended 30 April 2006 using the given sales data.

1. **Problem Statement:** Calculate the Statement of Profit or Loss for the years ended 31 December 2023 and 2024, and the Statement of Financial Position as at 31 December 2024 fo