Subjects

💰 accounting

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Depreciation Rate
1. **State the problem:** We need to find the depreciation rate given the cost of an asset and the annual depreciation charge using the straight-line method.
Machinery Depreciation
1. **Problem Statement:** We have machinery acquired at a cost of 458,200 with a written down value (WDV) of 194,735 as at 30 June 2017. Depreciation is charged using the straight-
Net Book Value
1. The problem asks for the meaning of "net book value" of a fixed asset. 2. Net book value is an accounting term used to represent the value of a fixed asset after accounting for
Machinery Depreciation
1. **Problem Statement:** We have machinery acquired at a cost of shs. 458,200 with a written down value (WDV) of shs. 194,735 as at 30 June 2017. Depreciation is charged at 5% per
Doubtful Debts
1. **Problem Statement:** We have sundry debtors amounting to 40,000 on 31st December 2007.
Alena Co Adjustments
1. **Problem Statement:** We are given unadjusted and adjusted trial balances for Alena Co. as of September 30, 2017, and need to:
Final Account
1. **Stating the problem:** Prepare the final account (Trading and Profit & Loss Account and Balance Sheet) of Gayatri Traders as on 31.12.2021 using the given Trial Balance and ad
Sales Day Book
1. **State the problem:** Prepare and balance the sales day book for H. Hamid for the period ended 31 Jan, 2021. 2. **Understand the sales day book:** It records all credit sales m
Cash Collections Purchases
1. Problem: Calculate the amount of cash collected in November given the collection percentages and budgeted sales. 2. Formula: Cash collected in a month = (Percentage collected in
Jurnal Gaji Pajak
1. **Stating the problem:** PT. FAKHRI YUSUF membayar gaji pegawai sebesar Rp 300.000.000, dengan iuran pensiun karyawan Rp 650.000, iuran pensiun perusahaan Rp 2.800.000, PPh Pasa
Consolidated Financial Position
1. **State the problem:** We need to prepare the consolidated statement of financial position for Local Government as at 31 December 2022 after acquiring 80% controlling interest i
Cash Flows
1. The statement of cash flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents. 2. It breaks down cash inflows an
Cash Flows
1. **Problem Statement:** Prepare the Statement of Cash Flows for Ministry of Health for the year ended 30 June 2022 using the indirect method according to IAS 7. 2. **Formula and
Depreciation Reducing Balance
1. **Problem Statement:** Calculate the depreciation for equipment costing P85,000 with a residual value of P25,000 over 5 years using the reducing balance method at 10% for the fi
Machine Cost
1. **State the problem:** We need to find the total cost of the printing machine to be reported in the company's statement of financial position.
Machine Cost
1. **State the problem:** We need to find the total cost of the printing machine to be reported in the company's statement of financial position.
Ias 16 Treatment
1. The problem asks which two subsequent accounting treatments are allowed under IAS 16 after initial recognition of property, plant, and equipment. 2. IAS 16 permits two models fo
Double Entry Ledger
1. The problem is to prepare a double entry ledger for a given transaction or set of transactions. 2. In accounting, a double entry ledger records each transaction in two accounts:
Ledger Trial Balance
1. **Problem Statement:** Record the transactions of Jatani Traders for June 2025 in ledger accounts using double-entry bookkeeping and prepare a trial balance as at 30 June 2025.
Cost Analysis
1. **State the problem:** We need to find the missing values in the table: Unit Variable Cost, Total Revenue, Level of Output, Contribution Rate (%), and Unit Contribution Margin.
Profit Calculation
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