Camosun College Financial Accounting Acct110 PRACTICE Final Exam B. Edwards Name: ____________________________________________________________ ___________________ Question One: A/R and Bad debts (15 minutes) Read each transaction and record the appropriate journal entry for Morrison Consultants‚ which has a June 30 year end. Explanations are NOT required. 1. On June 30 2011‚ Morrison prepares an aging schedule of accounts receivable that shows estimated uncollectible accounts of $5‚200
Premium Accounts receivable Generally Accepted Accounting Principles 1966
The Average Cost (AVCO) Method of stock valuation allows for the cost of units to be averaged over a period of time‚ making it possible for units issued (sold) to be priced at an average cost. Advantages Disadvantages 1. Makes no assumptions about how the goods are issued. 1. More challenging to calculate 2. Valuation of closing stock will be close to the latest price. 2. A new average must be calculated with every purchase 3. Average price is mainly affected by the amount bought at the
Premium 1966 1982 2008
E14-4 (Entries for Bond Transactions—Straight-Line) Foreman Company issued $800‚000 of 10%‚ 20-year bonds on January 1‚ 2011‚ at 102. Interest is payable semiannually on July 1 and January 1. Foreman Company uses the straight-line method of amortization for bond premium or discount. Instructions: Prepare the journal entries to record the following. a. The issuance of the bonds. b. The payment of interest and the related amortization on July 1‚ 2011. c. The accrual of interest and the related
Premium Generally Accepted Accounting Principles 1966 1983
Summer 2013 Master of Business Administration- MBA Semester 3 MF0012 – Taxation Management - 4 Credits (Book ID: B1760) Note: Assignment (60 marks) must be written within 6-8 pages. Answer all questions. Kindly note that 10 marks questions should not exceed 400 words and 5 marks should not exceed 200 words. Q1. Explain the objectives of tax planning. Discuss the factors to be considered in tax planning. (Objectives of tax planning 5 marks; Factors in tax planning 5 marks) Q2. 10 marks Explain
Premium Asset 1966 1932
1. Review the decision in the case of Shah v. HSBC (2012) and evaluate the implications of the decision for regulated financial services firms. In particular: * What are the key issues in the case? * Outline the decision of the court * Evaluate what practical guidelines can be taken from the case by regulated financial services firms Under the proceeds of crimes act 2002 (POCA) all UK financial institutions and other regulated firms not only have to report suspicions of money laundering
Premium Appeal 1965 Lawsuit
FIN005 Financial Accounting Comprehensive Revision Exercises Question 1 Tiffany Company carries on business as a retail trader. The trial balance of business as at 31 December 2011 was as follows: Dr Cr $ $ Capital 204‚800 Merchandise inventory 25‚680 Salaries and wages 46‚160 Motor expenses 3‚720 Electricity
Premium Balance sheet Accounts receivable 1983
November 2‚ 2013 EDUC 202 Bibliography 1. Topic: Self control This book is about self control‚ it teaches children that everyone gets upset‚ how we can handle it and how we can make ourselves feel better. I would use this book for a feeling activity. Molly Bang. When Sophie Gets Angry –Really‚ Really Angry. The blue sky press. An imprint of scholastic inc. New York‚ library of congress. 2. Topic: classroom rules. Helps children understand why we have rules in the classroom and why they
Premium Feeling 1979 1966
DOTA Gaming: Benefits On you And on your Studies By: Matt Philip Miguel Jovani Aguillo Mark Anthony Cagurangan Charles Orpilla Efraem Villuerta (BSCS III-B) Report for: METHODS OF RESEARCH Mr. Bravo July 13‚ 2013 The following are Articles about DOTA‚ How DOTA works and Who created DOTA and etc. Introduction: Defense of the Ancients (DotA) is a multiplayer online battle arena mod for the video game Warcraft
Premium 1967 1979 1966
Edexcel General Certificate of Education May–June 2013 – FINAL GCE Examinations 1. The normal starting time for morning sessions is 9.00 a.m. and for afternoon sessions 1.30 p.m. 2. Restricted release of results to centres only – Wednesday 14 August 2013. 3. Release of results to candidates – Thursday 15 August 2013. www.edexcel.com Week 1 Date Monday 6 May Week 4 Length 10h 10h 1h 30m 1h 15m 1h 20m Morning 6957 6959 6BI07 Information Technology Unit 7: Using Database Software
Premium 1979 1966 1969
Summary This study has been made for the purpose that every people in Visayas must be ready at all times. The natural phenomenon called earthquake cannot be controlled. It is accustomed by the movement of the plates that no one can predict when it will happen. The different government agency- PHIVOLCS‚ which keeps a record on the intensity and magnitude of the earthquake in all parts of the country whose task‚ is to inform the people the level of crisis that arises. They keep on track 24 hours giving
Premium Provinces of the Philippines Eastern Visayas Regions of the Philippines