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Create the journal entry to record pension expense and employer’s contribution to pension plan in 2010.
Calculate the current value of the minimum lease payments.
XYZ Wool Company manufactures and sells sweaters. Last year, it operated at 100% of capacity and had cost formula for total manufacturing costs.
A favorable materials quantity variance would show as a debit in a journal entry.
Management of ABC Corporation, the manufacturing company, has provided the given data for February: Sales $550,000 Contribution margin for February was.
In a standard cost formula Y = a + bX, what does the "b" represent?
Describe the various methods used for the analysis and interpretation of the financial statements.
Write down a detailed critical note and on the direct labor cost method of absorption of factory overheads.
Explain in brief Pay Roll Accounting function in a Manufacturing enterprise.
Describe the nature and scope of management Accounting. What is the procedure of forfeiture and re-issue of shares?
Describe Accounting rule of Nominal account. Describe Tangible and Intangible Assets.
A and B Share profits and losses in the ratio of 5:2. They have decided to dissolve the firm. Assets and external liabilities have been transferred to Realization account.
Illustrate the exceptions to the creation of Debenture Redemption Reserve as per SEBI Guidelines.
Explain the limitations of financial statements. Describe the preparation of income and expenditure account by a non-profit organisation.
Daren, Eden and Waren are in partnership sharing profit and losses in the ratio of 5:2:3 correspondingly. At 1 November 2011 their capital and current account balances were:
Differentiate between a contingent asset and a contingent liability and when they must be disclosed.
What do you mean by the term Conceptual Framework in Accounting?
By using suitable illustrations distinguish between capital expenditure and revenue expenditure.
Make the Sales Ledger Control Account and the Purchases Ledger Control Account for the year ended 30 June 2012 for Jarvis Plc.
Huby Edge Enterprise has been operating in the textile sector for the last five years. It has produced the given trial balance for the year ended June 2012.
List and describe three ways in which the preparation of a cash budget could be of benefit to the management of N Morris.
Name and describe main factors affecting product development and design. Use longest work element time rule to balance the assembly line described in the following table so that it will produce 40 u
Calculate the financial ratios mentioned above for Mr Donald’s business in respect for the year ended 31st December 2005. Financial ratios are sufficient for the evaluation of businesses”
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.