💰 accounting

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.

1. The problem asks which two subsequent accounting treatments are allowed under IAS 16 after initial recognition of property, plant, and equipment. 2. IAS 16 permits two models fo

1. The problem is to prepare a double entry ledger for a given transaction or set of transactions. 2. In accounting, a double entry ledger records each transaction in two accounts:

1. **Problem Statement:** Record the transactions of Jatani Traders for June 2025 in ledger accounts using double-entry bookkeeping and prepare a trial balance as at 30 June 2025.

1. **State the problem:** We need to find the missing values in the table: Unit Variable Cost, Total Revenue, Level of Output, Contribution Rate (%), and Unit Contribution Margin.

1. **সমস্যার বিবরণ:** আমাদের কাছে বিভিন্ন আর্থিক তথ্য এবং শর্তাবলী আছে। আমাদের কাজ হলো (ক) বিক্রয়যোগ পণ্যের ব্যয় ১,৪৫,০০০ টাকা ধরে মোট মুনাফা নির্ণয় করা, (খ) মোট মুনাফা ৪০,৫০০ ট

1. The problem asks to complete the phrase: "Inventory should be measured at the lower of cost and _____". 2. This is a fundamental accounting principle related to inventory valuat

1. **State the problem:** Misha bought a machine for 39,000 with a useful life of 4 years and a residual value of 4,000. We need to find the net book value after 2 years using stra

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 at 5% per year usin

1. **Stating the problem:** Identify which fact about the statement of financial position is NOT true. 2. **Explanation:** The statement of financial position (also called the bala

1. **State the problem:** Dilip's trade receivables balance is 103,100.

1. The problem asks to identify what a favourable balance in a cash book indicates. 2. In accounting, a cash book records all cash receipts and payments, including bank transaction

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 which accounting concept applies when the owner takes goods from inventory for personal use. 2. Let's review the options:

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. The problem asks to identify the accounting concept that governs the recognition of sales revenue when goods and services have been supplied and costs when goods and services ha

1. The problem asks for the four enhancing qualitative characteristics according to the IASB's Conceptual Framework for Financial Reporting. 2. The Conceptual Framework defines enh

1. The problem asks to identify the best description of depreciation. 2. Depreciation is an accounting concept used to allocate the cost of a tangible non-current asset over its us

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

1. The problem asks for the meaning of Net Realisable Value (NRV) in relation to inventory valuation. 2. Net Realisable Value is defined as the estimated selling price of inventory

1. **Stating the problem:** Identify which list of items may be included in the value of inventories of finished goods according to IAS 2 Inventories.