Ms Maryam is a student, she paid to security deposit in college of OMR 1000. How the security deposit credited in college account? Select one: a. Assets OMR 1000 b. Expenses OMR 1000 c. Income OMR 1000 d. Liabilities OMR 1000
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Ms Maryam is a student, she paid to security deposit in college of OMR 1000. How the security deposit credited in college account?
Select one:
a. Assets OMR 1000
b. Expenses OMR 1000
c. Income OMR 1000
d. Liabilities OMR 1000
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- How do you journalizing this transaction on april1 .Ali deposit 20000 in a bank account in the name of university .Pol?e??er i? a direc?or of S??le P??? Limi?ed in?ol?ed in making ?omen?? clo?hing?Situation 1. She arranges with the compan??? bank ?o ?ran?fer an amo?n? of ??????? from ?he company account into a personal bank account held by her in her own name. She uses the funds to finalise some outstanding personal debts.Situation 2. As a director she receives information that the company is in a serious financial position. She arranges to transfer a larger amount of the assets of the company over a new proprietary company that she formed with the intention of caring on the same business.Situation 3. Contrary to a resolution of the Board and notwithstanding established business practice that limits credit to $20,000 she allows a trade debtor (who has a history of bad debts) to exceed its credit limits by $25,000. The debtor fails to pay the outstanding amount of $45,000. Can she rely on the business judgment rule in this situation?Required: Has she breached any duties under the Corporation Act in…Chris pays a fee if her bank balance falls below $10 on the statement date. Prior to the statement date, her balance was -$3.46. Then, Chris made a deposit, d, in ample time, so she did not have to pay a fee. a) Write an inequality to represent the situtation, b) Solve the inequality. Describe the meaning of the solution.
- Peter uses a savings account with a bank. The contract between Peter and the bank is one of: D. Mutuum B. Commodatum C. Deposit A. AgencyS. Waweru starts business on 1st July 2020, when he deposits Shs. 18,000 into his business bank account and Shs. 2,500 in his cash account. During the month of July, he undertakes the following transactions:- 2020 July 3 He purchases shop fittings for sh. 2,500 and pays by cheque. July 4 He buys a motor vehicle from AB & Co. on credit Sh. 3,000. July 6 He buys stock for Sh. 1,500 and pays through bank. July 8 He sells goods for cash Sh.1,000. July 10 Buys goods on credit from XY & Co. for Sh. 1,200 July 12 Sells goods to A. Smith for Sh. 900 on credit July 13 Pays wages Sh. 120 by cash July 14 A. Smith returns goods worth Sh. 200 July 15 Pays to AB & Co. Sh. 3,000 by cheque July 17 Goods returned to XY & Co. amounting to Sh. 350 July 21 Receives from A. Smith a cheque for Sh. 700 July 25 Sells goods for cash Sh. 300. July 30…S. Waweru starts business on 1st July 2020, when he deposits Shs. 18,000 into his business bank account and Shs. 2,500 in his cash account. During the month of July, he undertakes the following transactions:- 2020 July 3 He purchases shop fittings for sh. 2,500 and pays by cheque. July 4 He buys a motor vehicle from AB & Co. on credit Sh. 3,000. July 6 He buys stock for Sh. 1,500 and pays through bank. July 8 He sells goods for cash Sh.1,000. July 10 Buys goods on credit from XY & Co. for Sh. 1,200 July 12 Sells goods to A. Smith for Sh. 900 on credit July 13 Pays wages Sh. 120 by cash July 14 A. Smith returns goods worth Sh. 200 July 15 Pays to AB & Co. Sh. 3,000 by cheque July 17 Goods returned to XY & Co. amounting to Sh. 350 July 21 Receives from A. Smith a cheque for Sh. 700 July 25 Sells goods for cash Sh. 300. July 30…
- What will the general journal entry be for the following transaction? Mr. Smith paid his outstanding account at Choice Bakery for products he purchased for his school. A. Dr Creditors control; Cr Bank B. Dr Bank; Cr Creditors control C. Dr Bank; Cr Debtors control D. Dr Choice Bakery; Cr Creditors controld) QBank makes a personal loan of £10,000 to Mr A, and credits his current account with the amount of the loan. Describe the initial impact on QBank’s balance sheet, the money supply, and the net worth of both QBank and Mr A. e) Mr A then withdraws £10,000 in cash with which he pays Ms B for building work. She immediately deposits it in her current account with another bank, RBank. What is the impact on QBank’s balance sheet, and on the aggregate money supply? f) Financial media report that QBank has made “significant” capital losses on some of its financial investments, as well as suffering high default rates on its loans to households. Discuss the possible consequences, using the information in your earlier answers.Tracy has the following transactions written down and plans on entering them into her register. Her starting balance is $178.85. She wrote checks for $37.12, $45.60, and got a check from her friend for $40 she owed her. What is Tracy's current balance in the account?
- A person has some money in his/her checking account (say $100) and five transactions each of 10, 20 30, 40 and 50 dollars depositing money in the account, while five transitions each of 20, 30,40, 50 ,60 dollars are crediting out of his/her account. If the person gets 2% per day interest on his/her residual amount how you will synchronize the threads of deposit and withdrawal if all are happening at the same time. What will be the person’s account balance at the end of the day?Venus Waldo reviewed her account statement and wanted to verify that the interest amount was correct. Her new balance was $12,098.12 and her previous balance was $9,043.20. She had deposited $3,298.45 and withdrawn $300.00. Find the interest earned on Venus' savings account.1Which one of the following source documents will be used to make an entry in the debtors journal (a)Original credit note; (b)Original credit invoice; (c)Duplicate credit invoice; d)Duplicate credit note .Q.1.2Which oneof the following transactions,listed below, (a)The business receivesinterest on the bank account; (b)Money received from a debtor making a payment on his/her account; (c)The business donates money to underprivileged children; (d)The business receivesrental money from a tenant. Q.1.3Which journal will the following transaction be entered , “and paid from petty cash, R85 (a)Cashbook Payments; (b)Petty Cash Journal ;(c)Cashbook Payments/Petty cash Journal; (d)GeneralJournal.