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Second:33.Extracts from the preliminary trial balance of Jessie and Co as at 30 September 20X2 are included in the table. Further adjustments are to be made as follows:
(a) No entries have been made in respect of cash of $920 received from Kieran whose balance had been written off last year; and
(b) At 30 September 20X2 an allowance is for 1.5% of the receivables balance.
Debit :Sales ledger control account $90,350Credit:Allowance for receivables (brought forward as at 1 October 20X1) $2,490
Debit:Irrecoverable debts and allowance for receivables expense $1,860
What is the total charge or credit in the statement of profit or loss for receivables? (Do not enter numbers as minus and do not enter commas.)It is 19.1,Thank you very much.The question is a SOFP so I can’t copy it completely.Sorry~
And there is another question:
Company J’s head office building had a carrying amount of $400,000 at 1 January 20X4and 30 years useful life remaining. It was revalued on that date to $600,000 with no change to the useful life.
On 1 January 20X6, following a property slump, it was sold for $450,000.
What amount (if any) should be charged against profit or loss as loss on disposal?
$150,000
$110,000
$50,000
$Nil
why it is nil?
Thank you for your answer,tutor.Thank you,Sir.I think it is a mistake in the book.At first I choosed the answer is “A charge of $1,086″,but the correct answer given in the book is”A credit of $1,086”.
In the Revision Kit,it is 60*(12/120)+100*(8/100)?14,I want to know what this algebraic expression means?Thank you.
Hours worked Production
Monday 90 24500
Tuesday 88 20600
wed 90 24200
thrusday 84 20100
friday 88 20400
saturday 40 10200
480 120000
I am so sorry!Ten employees work as a group.When production of the group exceeds the standard -200 pieces per hour-each employee in the group is paid a bonus for the excess production in addition to wages at hourly rates.
The bonus is computed thus:the percentage of production in excess of the standard quantity is found, and one half of the percentage is regarded as the employees’share. Each employee in the group is paid as a bonus this percentage of a Wage rate of $5.20 per hour There is no relationship beween the individual worker’s hourly rate and the bonus rate.
The following is one week’s record:
hours worked production
Monday 90 24500
Tuesday 88 20600
wed 90 24200
thrusday 84 20100
friday 88 20400
saturday 40 10200
480 120000
During this week, Jones worked 42 hours and was paid $3 per hour basic.
Complete the follwing:
The bonus rate for the week was $
The total bonus for the group for the week was$
The total pay for Jones for the week was $
Dear sir,I want to know haw to calculate the bonus rate?I can’t understand is(24000/96000)*5.2*0.5?Thank you very much.Alf Sparks is a manager of a small team designing and building a new management information system. The various levels of management that will be using the system will all have different information requirements but the qualities of good information are the same at each level. He is describing these qualities to his team.
Which of the following would be included in his explanation?
(i) Comprehensive
(ii) Relevant
(iii) Accurate
(iv) Authoritative
A (i), (ii) and (iii)
B (ii), (iii) and (iv)
C (i), (ii) and (iv)
D (i), (iii) and (iv)
I want to know why the “comprehensive”is true in the BPP Interactive Text but it is fault at here,thanks.
