CHAPTER 7 Cash and Receivables ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. 2. Accounting for cash. Accounting for accounts receivable‚ bad debts‚ other allowances. Accounting for notes receivable. Assignment and factoring of accounts receivable. Analysis of receivables. Petty cash and bank reconciliations. Questions 1‚ 2‚ 3‚ 4‚ 21 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15 14‚ 15 16‚ 17‚ 18‚ 19 20 22 Brief Exercises 1 2‚ 3‚ 4‚ 5 Concepts Exercises 1‚ 2 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12 18‚ 19
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COSTACCOUNTING TERMS 1. Define cost object and give three examples Cost object is defined as “Anything for which a separate measurement of cost is desired”. The term cost object and cost objective is synonymous. Cost object may refer to a process‚ a cost centre‚ and cost units. Cost unit is a quantitative unit of product or service in relation to which cost are ascertained. Cost centre is a location‚ function or item of equipment in
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Woodly Biennescar Chapter 7 Interpret the role of electrons‚ electron carriers‚ and ATP in energy metabolism Electron carriers are used for soluble that moves electron from one molecule to another. Electron aids in the gradual‚ stepwise release of the energy from oxidation‚ rather than rapid combustion. ATP power the activities that requires work --- one of the most which is movement. Explain the purpose of oxygen in respiration Without oxygen‚ cellular respiration could not occur because oxygen
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Full Cost Accounting What is full cost accounting? What are the advantages and disadvantages of full cost accounting? Full cost accounting is defined as being the practice of collecting and presenting all of the costs that are connected with the production of a product or a service. Some of these costs can be described as direct‚ indirect‚ and variable costs‚ though they may vary by business. Full cost accounting has several advantages when used appropriately. It can lead to better and
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Problem 1 On January 1‚ 2008‚ Arlo Company purchased the following two machines for use in its production process: Machine A: The cash price of this machine was $55‚000. Related expenditures included: sales tax $2‚750‚ shipping costs $100‚ insurance during shipping $75‚ installation and testing costs $75‚ and $90 of oil and lubricants to be used with the machinery during its first year of operation. Arlo estimates that the useful life of the machine is 4 years with a $5‚000 salvage value
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Question 1: Define accounting. Answer : Accounting is a process of identifying the events of financial nature‚ recording them in Journal‚ classifying in their respective ledgers‚ summarising them in Profit and Loss Account and Balance Sheet and communicating the results to the users of such information‚ viz. owner/s‚ government‚ creditors‚ investors etc. According to the American Institute of Certified Accountants‚ 1941‚ “Accounting is an art of recording‚ classifying and summarising in a significant
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Solution for paper one (1) January 30‚ 2013 The Director of Projects China Railway Corp. Head Office‚ Beijing Dear Sir‚ Accra-Ouagadougou Railway Construction Project Plan Accra-Ouagadougou Railway Construction Project is one most important project that may bring enormous benefits to Ghanaians and the Burkina’s‚ particularly in mitigating road theft by armed robbers and high cost ofcargo transit by air. In the same vein‚ the China Railway Corporation(CRC) is sure of benefiting substantiallyin
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———————————————————————————————–Accounting Manual for Public School Districts CHAPTER 7 – General Journal Entries Table of Contents Section - Page INTRODUCTION 1-1 GENERAL FUND JOURNAL ENTRIES 2-1 Opening Entry ...................................................................................................................2-1 Budget Entries ..................................................................................................................2-2 Budget Entries—Modifications
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Solutions to Lectures on Corporate Finance‚ Second Edition Peter Bossaerts and Bernt Arne Ødegaard 2006 LECTURES ON CORPORATE FINANCE - (Second Edition) © World Scientific Publishing Co. Pte. Ltd. http://www.worldscibooks.com/economics/6188.html Contents 1 Finance 2 Axioms of modern corporate finance 3 On Value Additivity 4 On the Efficient Markets Hypothesis 5 Present Value 6 Capital Budgeting 7 Valuation Under Uncertainty: The CAPM 8 Valuing Risky Cash Flows 9 Introduction to derivatives
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CHAPTER 12 Intangible Assets ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions 1. Intangible assets; concepts‚ definitions; items comprising intangible assets. 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12‚ 13‚ 14 2. Patents; franchise; organization costs; trade name. 9‚ 10‚ 13‚ 14‚ 25 3. Goodwill. 4. 5. Brief Exercises Exercises Concepts Problems for Analysis 1‚ 2‚ 3‚ 5‚ 6 1‚ 2‚ 3‚ 4 1‚ 2‚ 3 1‚ 2‚ 3‚ 4‚ 5‚ 7‚ 12‚ 13 4‚ 5‚ 6
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