💰 accounting

1. **Stating the problem:** Dilip's trade receivables balance is 103,100 shs, which includes 6,500 shs owed by Reece that will not be received (bad debt). Dilip also creates a prov

1. **State the problem:** We need to find the cash collected from customers given the beginning and ending balances of Accounts Receivable and the credit sales during the year. 2.

1. **Stating the problem:** We have Trade Receivables (T/Rs) of 50000 shs at the end of the year.

1. **Problem statement:** Matt bought a delivery van for 14000 on 1 July 2019. The van has a useful life of 4 years and a residual value of 3000 at the end of 4 years. Depreciation

1. The problem asks: What is "Deposit in transit" in bank reconciliation? 2. In bank reconciliation, a "Deposit in transit" refers to an amount of money that has been received and

1. The problem asks how accounts receivable are reported in the balance sheet. 2. Accounts receivable represent amounts owed to a company by its customers from credit sales.

1. **State the problem:** We need to find the depreciation rate given the cost of an asset and the annual depreciation charge using the straight-line method.

1. **Problem Statement:** We have machinery acquired at a cost of 458,200 with a written down value (WDV) of 194,735 as at 30 June 2017. Depreciation is charged using the straight-

1. The problem asks for the meaning of "net book value" of a fixed asset. 2. Net book value is an accounting term used to represent the value of a fixed asset after accounting for

1. **Problem Statement:** We have machinery acquired at a cost of shs. 458,200 with a written down value (WDV) of shs. 194,735 as at 30 June 2017. Depreciation is charged at 5% per

1. **Problem Statement:** We have sundry debtors amounting to 40,000 on 31st December 2007.

1. **Problem Statement:** We are given unadjusted and adjusted trial balances for Alena Co. as of September 30, 2017, and need to:

1. **Stating the problem:** Prepare the final account (Trading and Profit & Loss Account and Balance Sheet) of Gayatri Traders as on 31.12.2021 using the given Trial Balance and ad

1. **State the problem:** Prepare and balance the sales day book for H. Hamid for the period ended 31 Jan, 2021. 2. **Understand the sales day book:** It records all credit sales m

1. Problem: Calculate the amount of cash collected in November given the collection percentages and budgeted sales. 2. Formula: Cash collected in a month = (Percentage collected in

1. **Stating the problem:** PT. FAKHRI YUSUF membayar gaji pegawai sebesar Rp 300.000.000, dengan iuran pensiun karyawan Rp 650.000, iuran pensiun perusahaan Rp 2.800.000, PPh Pasa

1. **State the problem:** We need to prepare the consolidated statement of financial position for Local Government as at 31 December 2022 after acquiring 80% controlling interest i

1. The statement of cash flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents. 2. It breaks down cash inflows an

1. **Problem Statement:** Prepare the Statement of Cash Flows for Ministry of Health for the year ended 30 June 2022 using the indirect method according to IAS 7. 2. **Formula and

1. **Problem Statement:** Calculate the depreciation for equipment costing P85,000 with a residual value of P25,000 over 5 years using the reducing balance method at 10% for the fi

1. **State the problem:** We need to find the total cost of the printing machine to be reported in the company's statement of financial position.