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Subject: Accountancy, asked 2 days, 6 hours ago

Balance sheet of A, B and C

Subject: Accountancy, asked 2 days, 7 hours ago

Monika, a partner, is paid remuneration of Rs. 15,000 for dissolution work. Realisation expenses amounted to Rs. 5,000 were paid by the firm. Pass Journal Entry,

Subject: Accountancy, asked 2 days, 9 hours ago

Rama and Raghav were twin brothers. Ram was interested in computers and would find time to always work on computers either at college or at his friend's place. His keen interest in the subject made him take up computer software for his degree course. He pleaded with his father Mr. Rangan and purchased a computer for his use at home. Raghav was always interested in sitting at his fathers' shop at the nearby market place selling electrical appliances. He would often go and help his father at the shop after college hours.Mr. Rangan was happy that Raghav showed keen interest in his business but was worried about Ram who would always spend time with computers. He felt that if the interest of the two sons be put together they could start a flourishing business of their own, The boom in the IT industry made him find ways to satisfy his sons' dreams.

After college the twins were drifting apart due to varied interests. Rangan decided that this is the time for him to intervene and make decisions for his sons. He decided to start a computer business for his sons. He asked Raghav, a commerce graduate

to draw up a proposal for the same.

Raghav came out with the following ideas:-

The area they lived on and run shop consisted of middle income group families and many of them did not possess computers at

home

Their shop could provide the following services:-

Computer classes for various age groups

Computer using facilities on payment per hourly basis and printing of documents from computers Internet access facility at the prevailing market rates by entering into contract with VSNL.

Computer games corner for children.

Ram jumped at the idea and they made up a common proposal. Ram wanted that they purchase 10 computers and start with

first two areas of operation and expand when things go well.

The shop they had at the market place was a single storey building. Their father offered to build the first floor and give it to them for their business. He spent. Rs. 1,00,000 on construction of the facility and gave them Rs. 2,50,000 for the business. The sons went to a bank and put up their proposal and managed to gel a loan to the extent of 75 percent of the cost of computers Rs.4,00,000 with printers. As the bank manager was aware of the credit worthiness of Mr. Rangan, he advanced the loan of

Rs.3,00,000. Total amount to be repaid will be Rs. 3,60,000 including interest in three annual installments as follows:- End of the first year - Rs. 1,30,000 (Rs. 1,00,000 + 30,000 interest)

End of the 2nd year = Rs. 1,20,000 (Rs. 1,00,000+ 20,00 interest) End of the 3rd year = Rs. 1,10.000 (Rs. 1,00,000+ 10,000 interest)

They stalled business on 1st April 1999. Raghav decided to deposit Rs. 2.40,000 in the bank. He gave Rs.1,00.000 to computer company as 25% of the value of computers purchased and Rs. 3,00,000 out of bank loan availed. He deposited Rs.1,000 for the electrical connection with the Electricity Board. He paid a deposit of Rs. 1,00,000 with VSNL for the Internet connection. He used the telephone connection at the shop, as there were two connections at the shop. The brothers got the computer cafe furnished by paying Rs. 25,000. Raghav got pamphlets printed and distributed at the cost of Rs. 4500 in the surrounding colonies.

All payments were to be made by cheques. All the receipts were in cash to be deposited in the bank on the same day. The students on the average paid a monthly fee of Rs. 500.00 for the three months computer evening classes. There were a number of internet subscribers and receipts on account of internet facility was Rs. 10,000 a month in the first quarter on an average. They decided to buy and sell computer stationery also like floppy discs, CDs etc.

At the end of the year, their results showed the following:

Total revenue including sale of computer stationery

4,98,000

Purchases of computer stationery Electricity charges yet to he paid

55,000

1,24,000

34,000

Telephone charges Petty expenses

12,000

Entertainment expenses Maintenance expenses

10,000 10,000

There was helper at their father's shop who agreed to clean up the computer cafe and fetched water to visitors. For the additional services, he was paid Rs. 500 per month. They withdrew Rs.3000 by cheque each month for their personal expenses. They paid the bank loan regularly. Father was pleased at their sons' efficiency. He wanted to expand business.

(i) Journalize the above transactions. Post them into the ledgers and prepare trial balance. (ii) Charge depreciation at the rate of 25% on computers, 10% on furniture and 5% on buildings.​

Subject: Accountancy, asked 2 days, 10 hours ago

Q1. Heritage Company offers legal consulting advice to death-row inmates. Heritage Company prepared the following trial balance at April 30, 2006, the end of the current fiscal year:


The data needed to determine year-end adjustments are as follows:
Accrued fees revenue at April 30 are $2,800.
Insurance expired during the year is $450.
Supplies on hand at April 30 are $650.
Depreciation of building for the year is $1,620.
Depreciation of equipment for the year is $3,500.
Accrued salaries and wages at April 30 are $1,800.
Unearned rent at April 30 is $1,500.
Instructions
Journalize the adjusting entries, adding accounts as needed.
Prepare an adjusted trial balance of April 30, 2006.
Prepare an income statement for the year ended April 30.
Prepare a statement of owner?s equity for the year ended April 30. No additional investments were made during the year.
Prepare a balance sheet as of April 30.
Compute the percent of total revenue to total assets for the year.

Subject: Accountancy, asked 2 days, 16 hours ago

Q1. Heritage Company offers legal consulting advice to death-row inmates. Heritage Company prepared the following trial balance at April 30, 2006, the end of the current fiscal year:


The data needed to determine year-end adjustments are as follows:
Accrued fees revenue at April 30 are $2,800.
Insurance expired during the year is $450.
Supplies on hand at April 30 are $650.
Depreciation of building for the year is $1,620.
Depreciation of equipment for the year is $3,500.
Accrued salaries and wages at April 30 are $1,800.
Unearned rent at April 30 is $1,500.
Instructions
Journalize the adjusting entries, adding accounts as needed.
Prepare an adjusted trial balance of April 30, 2006.
Prepare an income statement for the year ended April 30.
Prepare a statement of owner?s equity for the year ended April 30. No additional investments were made during the year.
Prepare a balance sheet as of April 30.
Compute the percent of total revenue to total assets for the year.

Subject: Accountancy, asked 2 days, 16 hours ago

Q1. Heritage Company offers legal consulting advice to death-row inmates. Heritage Company prepared the following trial balance at April 30, 2006, the end of the current fiscal year:


The data needed to determine year-end adjustments are as follows:
Accrued fees revenue at April 30 are $2,800.
Insurance expired during the year is $450.
Supplies on hand at April 30 are $650.
Depreciation of building for the year is $1,620.
Depreciation of equipment for the year is $3,500.
Accrued salaries and wages at April 30 are $1,800.
Unearned rent at April 30 is $1,500.
Instructions
Journalize the adjusting entries, adding accounts as needed.
Prepare an adjusted trial balance of April 30, 2006.
Prepare an income statement for the year ended April 30.
Prepare a statement of owner?s equity for the year ended April 30. No additional investments were made during the year.
Prepare a balance sheet as of April 30.
Compute the percent of total revenue to total assets for the year.

Subject: Accountancy, asked 2 days, 16 hours ago

Q1. Heritage Company offers legal consulting advice to death-row inmates. Heritage Company prepared the following trial balance at April 30, 2006, the end of the current fiscal year:


The data needed to determine year-end adjustments are as follows:
Accrued fees revenue at April 30 are $2,800.
Insurance expired during the year is $450.
Supplies on hand at April 30 are $650.
Depreciation of building for the year is $1,620.
Depreciation of equipment for the year is $3,500.
Accrued salaries and wages at April 30 are $1,800.
Unearned rent at April 30 is $1,500.
Instructions
Journalize the adjusting entries, adding accounts as needed.
Prepare an adjusted trial balance of April 30, 2006.
Prepare an income statement for the year ended April 30.
Prepare a statement of owner?s equity for the year ended April 30. No additional investments were made during the year.
Prepare a balance sheet as of April 30.
Compute the percent of total revenue to total assets for the year.

Subject: Economics, asked 2 days, 20 hours ago

Calculate gross value added at market price
, depreciation 15 sales in the domestic market 250 exports 50 opening stock 20 purchase of raw material 150 closing stock 30 import of raw material 25

Subject: Accountancy, asked 3 days, 12 hours ago

Aruna decided to start busiess of fashion garments under the name of M/s Designer Wear from 1st April, 2018. She had saving of Rs 10,00,000. She invested Rs 3,00,000 out of her saving and borrowed equal amount from State Bank of India. She purchased a Building for Rs 5,00,000. She purchased furniture and fixtures for Rs 15,000. Total amount of bank loan is to be repaid in quarterly instalments beginnig 30th June, 2018. Annual rate of interest is 12% p.a.
Repayment Schedule of Bank Loan in the first year is as follows :

Due Date. Principal. Intrest. Installment
30 June. 15000. 9000. 24000
30 sep. 15000. 8550. 23550
30 Dec. 15000. 8100. 23100
30 March. 15000. 7650. 22650

She deposited Rs 2 lakh in bank as additional capital she paid rupees 5000 for electricity expense and Rs 2000 for telephone connection she purchased further furniture for rs 10000. All payments were to be made by check All the receipt were in cash and to be deposit in bank at the end of the year a result show the following
Total Sale. 2000000
Total purchase. 1700000
Electricity expenses 40000
Telephone charges 50000
Cartage outward. 60000
Travelling expenses. 45000
Business promotion. 5000
Maintenance expense. 25000
Miscellaneous expense. 15000
Expenses payable. 20000
She withdrew Rs 5000 by cheque each month for her personal expenses


Ques- journalise the above transaction in the book of M/S designer wear, Post them into ledger and prepare trial balance also prepare its trading account profit and loss account and balance sheet. Charge depreciation @ 5% on building and 10% of furniture. Closing stock in the end of year was rupees 550000 .Prepare bar diagrams and pie chart showing the following

Subject: Accountancy, asked 3 days, 14 hours ago

At the time of Dissolution, total assets are of Rs. 12,00,000 and external liabilities are of Rs.4,80,000. If assets realized 120% and realization expenses paid were Rs.16,000, then the gain or loss on Realisation will be ...​

Subject: Accountancy, asked 3 days, 15 hours ago

the options granted by the company to its employees and employees directors at a price that is lower than the market price is
 

Subject: Economics, asked 4 days, 13 hours ago

decrease in reverse repo rate by RBI is likely to increase / decrease the overall liquidity available in the economy

Subject: English, asked 4 days, 14 hours ago

Note making and summaries

Subject: Accountancy, asked 4 days, 14 hours ago

Solve this question Pro-rata allotment???

Subject: Economics, asked 4 days, 15 hours ago

QUESTION TWO; (20 Marks)
a) Explain the meaning of unit root stochastic process
b) From the Data provided in question 2 above, test for Unit Root for the variables using ADF test
and Phillip-Perron Test and determine the order of integration of the variables.
c) Estimate the regression Model using Stationary Data and compare your result in question
TWO (b).
d) Is there any long-run relationships among the variables? How do you know?
e) Express the following equation using Lag Operator and examine the order of
Autoregressive Process AR(p).
???? = ????????? - ??. ??????????? + 0.75??????? + ????
f) Determine whether the AR(p) process in part (e) is stationary or not.
QUESTION FOUR (40 Marks)
A framework of analysis to determine the effects of various factors on export performance in Tanzania
can be formulated by considering all those factors that can potentially play a meaningful role in the
determination of exports in Tanzania. Export growth is basically determined by external factors, for
this real exchange rate and official development assistance are included in the regression model.
However, exports are also affected by domestic factors. In this respect, GDP growth rate, trade
liberalization or degree of openness, indirect taxes, and inflation rate are also explicitly included in
the estimation model. Specified equation for export performance is as follows
EX ? f ?GR,?,TAX ,TL,RER,ODA?
(1)
The variables appearing in the equation are

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