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Accountings helppppppppp

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It's too easy bro...
Prepare rent and rates account and place the 3 values in this account i.e
Credit - Income & Expenditure Account
Credit - rent prepaid (asset brought down debit so carried down credit)
Debit - rent owing (liability brought down credit so carried down debit)
And then the balancing figure will be the amount from the receipts and payments account.
So in this case, I think it'll be $4000 + $800 - $600 = $4200
So I think it's C.. :)
 
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It's easy it's B...
First of all, the current account balance will be transferred to the capital account...
Then, goodwill will be added to the capital account as it's his effort of creating the goodwill i.e 1/3 * 6600 = $2200
Next, the profit on revaluation of $3000 will also be added to tha capital account i.e 1/3 * 3000 = $1000
So, the total balance will be 15800 - 3500 + 2200 + 1000 = $15500
Therefore, it's B... :)
 
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It's easy it's B...
First of all, the current account balance will be transferred to the capital account...
Then, goodwill will be added to the capital account as it's his effort of creating the goodwill i.e 1/3 * 6600 = $2200
Next, the profit on revaluation of $3000 will also be added to tha capital account i.e 1/3 * 3000 = $1000
So, the total balance will be 15800 - 3500 + 2200 + 1000 = $15500
Therefore, it's B... :)
Dont say easy, it's easy for you but not for me. Thanks!
 
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165
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53
It's too easy bro...
Prepare rent and rates account and place the 3 values in this account i.e
Credit - Income & Expenditure Account
Credit - rent prepaid (asset brought down debit so carried down credit)
Debit - rent owing (liability brought down credit so carried down debit)
And then the balancing figure will be the amount from the receipts and payments account.
So in this case, I think it'll be $4000 + $800 - $600 = $4200
So I think it's C.. :)
Thanks
 
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165
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What is "factoring its debts" ?
View attachment 48467
Factoring debts is like selling your debts to an organisation. For example if you have a debtor owing you $10000 and you think that he wont repay you the money then you could sell his debt to an organisation and the organisation would give you the money but not the entire amount of the debt. The organisation would give you say$9000. So i think the answer for this question should be A.
 
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Factoring debts is like selling your debts to an organisation. For example if you have a debtor owing you $10000 and you think that he wont repay you the money then you could sell his debt to an organisation and the organisation would give you the money but not the entire amount of the debt. The organisation would give you say$9000. So i think the answer for this question should be A.
Thanks... :)
 
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309
Reaction score
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Points
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26. C/S ratio = 30%
So (Sales - Variable Cost)/Sales * 100 = 30
Therefore, (SP per unit - 21)/SP per unit = 0.3
So, SP per unit = $30...Therefore Contribution per unit = 30 - 21 = $9
So BEP (units) = FC / Contribution per unit = $112500/$9 = 12500 units...
So I think it's C...

30. The absorbtion cost per unit will be Budgeted Production Overheads/ Budgeted Output
So, budgeted fixed selling overheads and actual output is not needed...
Therefore, it'll be ($1200000+$800000)/$10000 = $200 per unit...
So, I think it's A...
:)
 
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