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You are to study the given financial statements for two similar kinds of retail store and then answer the below questions:
Make the following financial statements for year ended 31st May 2008 for Macdillon in accordance with IAS 1 Presentation of Financial Statements.
Write down the functions of Production and Operation Management? Explain the uses of Forecasting?
Compare journal and the ledger books of the double entry system of accounting. Describe the significant turnover ratios and profit margin ratios.
Briefly explain the major features of the accounting process. Equity shares: Rs.2 per share flotation costs, sale price = Rs.20. Also, the dividend expected on the equity share at the end of the ye
Create the Du Pont chart of ABC Company for the year 2009 – 2010. State and evaluate different liquidity ratios and leverage ratios for ABC Company.
What do you understand by balancing an account? What is the procedure for balancing an account?
Explain five key components of Corporate Social Responsibility of an organization?
Give detailed description on the six components of good governance emphasized through the World Bank.
Make extracts of Balance Sheet and Income Statement as at 31 March 2009 to show how the balances will be presented.
Explain how the given transactions are reported by using cash and accrual accounting.
Make a Debtor’s ledger control account from the given information:
What are the major components of a set of Financial Statements and what are their respective purposes?
The Purchases Ledger Control Account and Sales Ledger Control Accounts for the year ended 30 September 2010.
As the computation of depreciation is based on estimates, not facts, why bother to make the computation? Describe.
Compute the corrected bank balance that must appear in the cash book of Joy at 31st July 2012.
You are the assistant financial controller of Pride Ltd. The company`s year end is 31 December 2009. The given balances were extracted as at 31 December 2009.
Prepare a Purchases Ledger Control Account for the year ended 30 April 2009.
Make the following financial statements for the year ended 31st December 2009 for Bandana Ltd in accordance with IAS 1 Presentation of the Financial Statements:
Compute the amount to be written off as bad debts in the Income Statement and show how trade receivables will be reported in the Balance Sheet as at 31 December 2008.
On 1 January 2010, the sales ledger balances were Rs 8024 debit and Rs 57 credit and the purchase ledger balances on the same date were Rs 6235 credit and Rs 105 debit.
On 30 June, Mr. Xind cash book showed an overdraft of Rs 300 on his current account. A bank statement as at the end of June showed that Mr. Xind was in credit with the bank by Rs 65.
Make the following financial statements for MNC as per the revised IAS 1 Presentation of Financial Statements:
NHS Co. issued $350,000 of 10-year bonds payable on January 1. NHS pays interest each January 1 and July 1 and amortizes any discount or premium by the straight-line method. NHS issued the bonds at
What is the underlying rationale for applying Discounting Cash Flow in project appraisal?