deposits, as well as reserve requirements. * Commission Gross Balance Down payment Current increase balance

Q: equired How much is the total current liabilities and non-current liabilities?

A: The current liabilities are due and payable within one year and non- current liabilities are due and…

Q: prese vesting activities se ent of cash flows? * n of accounts receivab chases of inventories

A: Investing activities of statement of cash flow represents inflow or outflow of cash related to…

Q: essons for financial reoporting th

A: financial reporting that effect Covid-19 The COVID-19 pandemic has created an unprecedented…

Q: Discuss the conversion from cash to accrual basis of an increase in accounts or notes receivable

A: In cash basis accounting the transactions are recorded when the cash related to them is issued or…

Q: Summarize the sources and uses of funds according to the changes in account activities?

A: The fund flow statement reveals the volume of financial transactions and explains the flow of funds…

Q: Describe the estimation of the allowance, based onexpected cash flows.

A: Estimation of the allowance based on the expected cash flows is as follows: Companies normally…

Q: What is the purpose of adjusting entries as they relate to the difference between cash accrual…

A: Introduction The Main purpose of adjusting entries is to convert all cash transactions into accrual…

Q: Debt to total funds

A: We know that  Assets = Liabilities + ShareHolders Funds  Debt to total funds ratio is a measure that…

Q: preparing a balance sheet, interest receivable goes under what heading?

A: Balance sheet:It is one of financial statement which shows the assets, liabilities and shareholders’…

Q: Account for accountspayable and analyzeaccounts payableturnover

A: Accounts payable:   It refers to the money owed by the organization to their suppliers which is…

Q: What is the nature of the account Fund balance with Treasury? When is that account debited, and when…

A: Nature of accounts helps management to record the financial transactions as per double entry system…

Q: otal of trade receivables remaining

A:

Q: le

A: Formula:  Current ratio = Current assets / Current liabilities Working capital = Current assets -…

Q: Identify whether a debit or credit results in the indicated change for each of the following…

A: Double entry accounting (Double entry book-keeping): This is a system of accounting where a…

Q: How much should be presented as "Trade and other receivable" under current assets?

A: Particulars Amount (P) Trade Receivables 725000 Trade Notes Receivables 100000 Less: Sales…

Q: balance sheet

A: Balance sheet is the financial statement of a company. It helps in maintaining the records of…

Q: Discuss the conversion from cash basis to accrual basis of an increase in accounts or notes payable…

A: Under the cash basis of accounting, business transactions are only recorded when the cash related to…

Q: Define cash disbursements journal.

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: . Float is defined as the difference between which of the following?  A.  Beginning cash…

A: In a company, it is not always necessary that the balance available in the company records matches…

Q: Distinguishing between current and non-current items on the balance sheet and presenting a subtotal…

A: A classified balance sheet is one that classifies assets and liabilities as current or non-current…

Q: type of libailities   Running finances under mark-up arrangements defination Current maturity of…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: compare the current rate method and the temporal method, evaluate how each aff ects theparent…

A: Under the current rate method, assets and liabilities are translated at the current exchange rate,…

Q: Explain the components of balance of Payments Accounts and describe the  impact of deficit and…

A: The balance of payments (BOP), sometimes known as the balance of international payments (BIP), is a…

Q: Interest received and interest payments must be reported as operating cash flows using a. IFRS. b.…

A:

Q: Balances of nominal accounts

A: Nominal accounts are accounts of revenue, expenses, profit and loss. These accounts are closed and…

Q: Indicate whether each statement best describes the allowance (A) method or the direct write-off…

A: Under the direct write off method the bad debts is treated as charged to expenses when it is clear…

Q: Describe the changes in balance sheet accounts that would constitute sources of funds. What changes…

A: The question is based on the concept of constituents of fund flow statement, the statement is…

Q: its sales, what will be the level of accounts receivable following the change?

A: We know that DSO = accounts receivable/sales * 365 Hence 50 = 1,000,000/sales*365 or sales =…

Q: For VAT and Percentage transactions, state when will be the deadline for the remittances

A: VAT is value added tax and it is indirect tax which means tax is paid by consumer of goods or…

Q: Define cash disbursements.

A: Cash disbursement, also known as money installments, in auditing refers to installments made by an…

Q: Explain the difference between the current account and the capital and financial account in the…

A: The balance of payment shall be the record of payment or receipt between a nation and a national of…

Q: Name the assumption requires that financial statement elements be measured in nominal units of…

A:

Q: Assets available for unsecured creditors after payments of liabilities with priority are calculated…

A: Liquidation is the process of selling all the assets of the business at their fair value and using…

Q: A company's expected receipts from sales and planned disbursements to pay bills is commonly called…

A: Here Is The Answer :

Q: HOW DO YOU FIND NET CURRENT RECIEVABLES

A: The total amount of money owing to a corporation by its clients minus the money owing that will most…

Q: cash disbursements for selling and administrative expenses on the

A: Non cash expense is an expense for which there will be no outflow of cash required to settle.…

Q: Describe about the Cash rebates obligation.

A: Cash: Cash is the money which is readily available in the form of currency. Since cash can be easily…

Q: Explain, using practical example the effect of accruals figures on the preparation of a financial…

A: Accrual System of Accounting is a system where expenses and revenues are recorded as and when they…

Q: BRIEFLY ASSESS HOW TAXATION CAN BE USED TO CONTROL: a. BALANCE OF PAYMENT, b. SAVING, c.…

A: Taxation is the government's tool for shaping the economy into the desired shape. Governments…

Q: total assets. State the effect the following event occurring on the reporting date would have on…

A: Solution: Interest payment will reduce the Cash (an asset) because of which Average total Assets…

Q: Refundable deposits paid to suppliers should be included in the financial statements as:

A: Current liability: Current liability is a debt that the companies need to pay the debts from…

Q: Advanced collections from customers prior to the performance obligation being satisfied is accounted…

A: 1) Advanced collections from customers prior to the performance obligation being satisfied is…