Give atleast 5 Accounting Software and brief description about it
Q: On March 1, 20X1 ABC Co. assigned its P1,000,000 accounts receivable to B Bank in exchange for a…
A: Cash received from the assignment of accounts receivable will be calculated after deducting the…
Q: Determining Overhead Rate; Expected Actual Capacity Method. Desmond Corp. estimates that its…
A: Overhead rate is calculated on the basis of estimated cost and estimated hours, therefore they…
Q: rchased 300 shares of OXG stock on August 2, 2020, for $1,500. In October 2021, OXG issued a 10%…
A: Basis is the value of assets held by the person for accounting and taxation purposes and assets can…
Q: lev besqu (5) If the total cost of an item, including 8% sales tax, is $28.62, what was the price…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Match one or more of the following terms with each definition below: a. Direct labour e.…
A: Introduction: The expenditures spent to sustain your company's day-to-day operations are referred to…
Q: Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting this year by making capital…
A: As per the information provided below: Capital contributions : Ben Conway - $266,000 Ida Chan -…
Q: Deductions from Gross Income Classify the items for deduction in the following scenarios. 2. Debtor…
A: Itemized deductions are those deductions which allow the person to deduct the designated expenses…
Q: What is Horizontal Analysis in Financial Analysis?
A: 1. Vertical Analysis 2. Horizontal Analysis
Q: 4. You wish to hire Ricky to manage your Dallas operations. The profits from the operations depend…
A: Opportunity Cost- Opportunity costs are the costs that people overlook or overlook when making…
Q: QUESTION 2 NUR Nursery started operations on October 1, 2021. The followings are the transactions…
A: Journal entries represent the process of identifying and recording business-related monetary…
Q: On August 1, Sandhill Holdings buys 1.000 ordinary shares of Merlynn for £35,500 cash. On December…
A: On the purchase of an ordinary share of another company, the investment account is debited, and the…
Q: The prepaid insurance account had a beginning balance of $11,500 and was debited for $18,000 of…
A: Prepaid insurance refers to the insurance premium paid for the future period. Working note:…
Q: 1. PKR 700,000 in raw materials were purchased on account. 2. 600,000 in raw materials were used in…
A: Introduction: Journals: All the business transactions are to be recorded in journals. Journals are…
Q: Prepare a basic income statement forecast for the subsequent fiscal year, using a percentage of…
A: Income Statement The purpose of preparing the income statement is to know the net income which are…
Q: 5. Goods received in January 2020 were recorded as purchase on account in December 2019. The goods…
A: The student has specifically asked for part 5, therefore, I am answering part 5. The balance sheet…
Q: RampUp Storage Containers produces a 1,000-cubic-foot metal storage unit that is used by storage…
A: Answer - i. Material Price Variance - = (AP - SP) AQ Actual Price = $200 Standard Price = $200…
Q: it for 12 days during the year. They provided fresh linen and prepared a hot breaskfast each…
A: Schedule E shows rental real estate income and loss, royalties, partnerships, S corporations,…
Q: 5. ABC Corp holds 1,000 shares of XYZ Corp.'s shares since 2010. The following are data available…
A: Based on fair value measurement of financial assets on each reporting date, investments in equity…
Q: 8. When specified receivables are used to secure for a loan on a notification basis, which…
A: The account receivables are the current assets of the company, they represent the sale made by the…
Q: Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax…
A: Federal tax is calculated as per the schedule given by IRS. Average rate of tax means the effective…
Q: v2.cengagenow.com SC ✩ + EDOL E Ston... Res... How... G Entri... APA... S 4-2... 8 L... G wha... C…
A: Definition of Journal entry: A journal entry is the act of keeping or making records of any…
Q: Running Company had the following information for the month of June: Work in process beginning…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: Apparel Leasing Company signs a lease agreement on January 1, 2021, to lease equipment to Oman…
A: As per IFRS 16, Leases, In the books of the lessor, Under a finance lease, the asset given on the…
Q: company manufactures a certain part for use in its assembly operation. cost per unit for 5,000 units…
A: Lets understand the basics. When there is choice between the whether to make product or buy product…
Q: Account Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Debit 10,000…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: Metal Company budgeted $565,000 manufacturing direct wages, 2,500 direct labor hours, and had the…
A: Formula: Total Activity Costs = Activity Base x Activity Rate Activity Cost per Unit = Activity…
Q: Aqua has correctly calculated its basic earnings per share (EPS) for the current year. Which of the…
A: For calculated diluted earnings per share, all convertible securities such as employee options,…
Q: The prepaid insurance account had a beginning balance of $11,500 and was debited for $18,000 of…
A: Introduction: Journals: Each and every business transactions are to be recorded in journals.…
Q: The following table was taken from Firm X's Production Cost Report: Completed and transferred…
A: FIFO: FIFO stands for First-In, First-Out. In this method inventory purchased first will be sell…
Q: Henry stop making mortgage payment, the lender foreclosed. The outstanding balance on the recourse…
A: Realized Amount = Amount received + Fair market value of the Asset - Liabilities if any taken -…
Q: 10 i. Calculate the value of duration for a four year, $1000 par value bond purchased today at a…
A:
Q: Deductions from Gross Income Classify the items for deduction in the following scenarios. 1. On…
A: Deduction reflected on the relaxation would be provided on the number of expenses being incurred…
Q: On April 12 Hong co. agrees to accept a 60 day, 6% 6,900 note from indigo co to extend the due date…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Identify which company’s shares you would recommend as the better investment. Provide explanations.…
A: Ratio Analysis: It is the analyze of Company's financial and trend of the company's results to…
Q: 5. Kabundukan Dairy makes cheese, which it sells at local supermarkets. The fixed monthly cost of…
A: In this question, we need to compute the net operating income for both the situation. If the profit…
Q: Production costs incurred in the manufacture of 2,400 units of a product in a period are: $ Direct…
A: Cost of manufacturing means the costs incurred directly or indirectly related to the production of a…
Q: Bennett Enterprises issues a $852,000, 60-day, 9%, note to Spectrum Industries for merchandise…
A: Formula: Maturity amount of the notes = Face value of the notes + Interest on note where, Interest…
Q: HUGZ COMPANY uses the aging analysis in determining its doubtful accounts. Accounts receivable shows…
A: Aging analysis of accounts receivable gives the information that for how many days an account…
Q: Identify the CORRECT statement regarding the effect of lease on return on capital employed. Select…
A: Taking assets on lease is the best ways to save money which was supposed to be blocked if purchased…
Q: Machinery costing P820,000 on 1 January and P940,000 on 31 December were reported at net of…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: 1) ABC Ltd is considering to invest in a project the costs $7,00,000. Tax rate is 50%. Thr company…
A: Straight line depreciation method meaning: Straight line basis is a method of calculating…
Q: Which of the following describes the term ‘cost unit’? A basis for cost classification A…
A: Cost unit is the per-unit cost incurred to produce the product. It includes both costs i.e fixed…
Q: On January 1, 2020, Sitra Company leased equipment from National Corporation. Lease payments are…
A: Lease is an arrangement under which lessor gives right of use of the leased asset to the lessee for…
Q: Compute the Day’s Sales in Receivable Index and select the best Answer: 12/31/2020…
A: Day’s Sales in Receivable Index = (Accounts receivables year 2 / Net sales year 2) / (Accounts…
Q: A corporation issues 7 500 shares of capital share as a dividend in an effort to reduce retained…
A: The stock dividend is a method of capitalizing on retained earnings. It is issued to the existing…
Q: Under IFRS 9, the cumulative balance of equity as a result of measuring financial assets at fair…
A: The equity account represents the changes in the equity shareholders of the company. The treasury…
Q: Sunshine Company has the following assets: Land sold in the ordinary course of business…
A: Land sold in the ordinary course of business is classified as inventory as per IAS 2,…
Q: Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end,…
A: Adjusting journal entry: At year-end when the company finalizes its accounts, any unrecognized…
Q: What amount of gain (loss) should ABC recognize on Dec 31, 20x1 and Jan 10, 20X2 respectively?…
A: FVOCI stands for Fair Value Through Other Comprehensive Income. It is the method to recognize the…
Q: 4. "Working capital is two-edged sword, its excessive and deficit availability are equally bad".…
A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…
Give atleast 5 Accounting Software and brief description about it
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