Assignment No. 1 Problem No. – 1 From the following transactions find out which two accounted‚ types of Accounts‚ Debited/Credited & Reason for Debit or Credit. 1) Mehta started business with Rs. 8000. 2) Purchased goods for cash Rs. 2800. 3) Purchased furniture from Godrej Company Rs. 1000 for cash. 4) Sold goods to Babubhai on credit Rs. 700. 5) Paid for postage stamps purchased Rs. 30. 6) Sold goods to Nanabhai for cash Rs. 400. 7) Paid to Navakal Rs. 500 for Advertisement. 8) Paid to
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Beethoven’s use of Sonata form in his 1st Symphony Beethoven‚ in common with his predecessors Haydn and Mozart‚ uses the Sonata form in the first movement of his first symphony. This was Beethoven’s first attempt at the symphonic form having composed chamber music and two piano concertos. Beethoven made the sonata form more expressive through his use of dynamics and more extreme key relations. Beethoven started this piece with a slow introduction. It is not unknown
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Cost Accounting Chapter Module-1 - Introduction to Cost Accounting Definition Cost: - Generally cost refers to all expenses incurred in producing a product or rendering service. But‚ from the cost accounting point of view “Cost is a normal sacrifice of resources in the creation of product or services”. Costing: - Costing is defined as “the technique and process of ascertaining cost of a given thing”. According to CIMA it is defined as “the establishment of budgets‚ standard‚ costs and
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Russia Review Sheet Market Economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Command Economy: an economy in which production‚ investment‚ prices‚ and incomes are determined centrally by a government. Socialism: a political and economic theory of social organization that advocates that the means of production‚ distribution‚ and exchange should be owned or regulated by the community as a whole. Traditional: A traditional economy is
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Heat of Fusion Report Sheet Data Intial volume of water in the styrofoam cup (before the ice was added) (mL) 100 Final volume of water in the styrofoam cup (after the ice melted) (mL) 145 Volume of water due to melted ice (mL) 45 Mass (g) melted ice 45 Initial temperature (°C) of the water placed in the styrofoam cup 47.3 Minimum temperature (°C) after the ice was melted 45 Calculations 1. The amount of liquid water placed in the cup was _____100_______ mL. Assume that
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Factory Office 1‚500 500Rent Factory Office 5‚000 2‚500Commission to Salesman 1‚250Advertising 1‚250Income Tax 10‚000 Sales1‚89‚500Q1. Prepare the cost sheet Q 2 Prepare a cost sheet for the year ended March 31‚2009 Stock of finished goods ( April 1‚ 2008) 6‚000Stock of raw materials (April 1‚ 2008) 40‚000Work in Progress (April 1‚ 2008) 15‚000Purchase of raw Material 4‚75‚000Carriage inwards 12‚500Factory rent
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Name: Date: Study/answer the following questions in order to prepare for your test Answer true/false for the following: Pollen can be carried by wind‚ animals‚ or water. Animal-pollinated plants have fragrant or showy flowers to attract the animals. Fungi‚ such as mold‚ Baker’s yeast‚ and mushrooms produce almost no spores. When environmental conditions are harsh‚ some bacteria form thick-walled‚ resistant spores‚ called ectospores The hard outer layer‚ or shell‚ of a pollen grain or
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------------------------------------------------- Formulae Sheet 1. Return on Assets = Net Profit before Interest and Tax / Average Total Assets 2. Average Accounts Payable settlement = Average Accounts Payable / Credit purchases x 365 3. Asset turnover ratio = (Sales / average Total Assets) x 100 4. Asset turnover period = (Average total assets / Sales) x 365 5. Return on Equity (Return on Shareholder’s’ Funds) = Net Profit after Tax and preference dividends / Average ordinary
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1. A NSF check should appear in which section of the bank reconciliation? (Points : 2) Addition to the balance per books. Deduction from the balance per bank. Addition to the balance per bank. Deduction from the balance per books. | 2. A consequence of separation of duties is that (Points : 2) theft by employees becomes impossible. operations become extremely inefficient because of constant training of employees. more employees will need
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1. Alleg‚ Inc. Balance Sheet December 31‚ 2012 Assets Current Assets Cash And Cash Equivalents 14‚000 Marketable securities 17‚000 Accounts Receivables‚ Net 26‚000 Inventory 33‚000 90‚000 Total Long Term Assets Land and Buildings 57‚000 Machinery and equipment 120‚000 Accumulated Depreciation 61‚000 Goodwill 13‚000 Intangible Assets 9‚000 Other Assets 45‚000 183‚000 Total Assets 273‚000
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