Q1:Examples of the following: Gharrar in Wordings Gharrar in Subject Matter Gharrar in Consideration.

Q: ow to do a P&L statement

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

Q: Kindly assist on the above two questions. Q1) which of the below is an example of a compensatory…

A: There are 2 MCQ , answers were provided in the following Steps

Q: Which of the following is an enhancing qualitative characteristic?   Group of answer choices…

A: Enhancing qualitative characteristic include Faithful Representation

Q: Assertions: A. A Cutoff B. Accuracy C. Completene D. Existence E. Valuation

A: a. Decisional roles- The managers oversee and initiate new tasks or projects in order to enhance…

Q: ident citizen provid ar:

A: Income tax is the tax levied on the total income generated during the accounting period by the state…

Q: what is Backwardation b. What is Contango c. What is Basi

A: Backwardation and Contango are two types of trends in the future and spot prices and can be defined…

Q: nswers to questions b, d & e pl

A: Weighted Average overall cost of capital of the firm under which the cost related to all sources of…

Q: PAS 16, F

A: PAS - 16 refers to the Philippines Accounting Standard on Property, Plant and Equipment. It is used…

Q: For information to be relevant, it has to possess: O A. Only predictive value O B. Only confirmative…

A: Relevant information is that information which is useful for the stakeholders and users can make…

Q: Define each of the following terms:c. Absolute priority doctrine; relative priority doctrine

A: Absolute priority doctrine: Absolute priority doctrine is the primary law of bankruptcy that has…

Q: Statement 1: present additional items separately on the basis of an

A: Financial statements are the reports prepared for the purpose of depicting the financial health of…

Q: cial literac ort of the this is a n

A: The  main objective of  financial literacy is to establish a  control over your finances and  also…

Q: For each of the scenario/statement (i) to (v) above, STATE your agreement OR disagreement and…

A: Statement 1 Statement- All future costs are irrelevant for decision making Opinion- Disagree…

Q: The following statements are correct, except:

A: Profit or loss is a statement which shows how much net profit has been earned by the company or…

Q: The present worth for the DDM method is $ The present worth for the LS method is $ Ehe (Click to…

A: Present Worth: It represents the present value of the annual cash flow stream and is computed by…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: iventor entory:

A: Branch AccountingIn simple term branch accounting are kept separate accounting which each branch in…

Q: What is i with the given, G = $7,500, P= $254,110, and n=10? Select one:

A: G is gradient, PV is present value, i is interest rate and n is time period

Q: Conclusion: Based on your findings on ratio analysis and interpretation, what conclusion can you…

A: Accounting ratios are the mathematical expressions between two figures taken for comparison. When…

Q: as fortuitous event? J

A: The pandemic issue has caused in an increase in breach of contract processes worldwide,…

Q: based on the above exercice - On the basis of the data provided at question 6, calculate your…

A: Levered IRR is the Internal Rate of return calculated on the basis of levered free after tax cash…

Q: Which among the following is a form related attribute of good information? a. Relevance b.…

A: The attribute of good information are: Accuracy Completeness Consistency Uniqueness Timeliness

Q: Which of the following statements is true ahout the fonward prio

A: Forward Price volatility can be defined as the increase or a decrease of 1 basis point in required…

Q: Determine whether the correspondence is a function. Domain Range 21 17 18 15 Is this correspondence…

A: A function is a relation between the set of inputs to a set of outputs where each input has exactly…

Q: Final T&SC PP = $    ? where answer for this.?

A: Final taxes and charges and service fess is the cost of the taxes and charges which has been charged…

Q: In an Unmodified Opinion with Emphasis-of-Matter / Other-Matter sections, what is the order of the…

A: An unmodified opinion is an opinion on the financial statements that they are true and fair in all…

Q: 1. Determine whether each statement is true or false. If the statement is false, make the necessary…

A: Given information : Initial deposit = $1500 Interest rate = 4%

Q: answer for question B (iv) .

A: Consolidated balance sheet can be defined as the balance sheet prepared by the parent entity. This…

Q: The following are qualitative characteristics of presentation, except O Uniformity O…

A: Uniformity- It is the quality of being homogeneous.  Understandability-The information must be…

Q: #03: Discuss auditor’s opinion with example?

A: Auditor's Opinion:- An auditor's opinion is a formal statement created by an auditor regarding a…

Q: Question No 01                                                                   What is a…

A: Partnership- It is an agreement between two or more people to contribute capital to a business,…

Q: Define R&D according to U.S. GAAP.Define R&D according to U.S. GAAP.

A: Property, Plant, and Equipment: Property, Plant, and Equipment refers to the fixed assets, having a…

Q: 15. Briefly discuss the following: a. Meaning of ARR and reasons for its continued popularity. b.…

A: ARR is commonly used in capital budgeting decisions to decide whether acceptable or not.

Q: Which of the following is not a constraint on the fi nancial statements according to the Conceptual…

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: t rat of p of p sele

A: In this we have to calculate present value of all cost.

Q: ion: Two (2) kinds of independence under the conceptual approach (with brief description)

A: Answer: The conceptual approach is the approach to set the standards during the period of audit.…

Q: statement is true or false, based on the knowledge of the different theories and mo

A: Stock prices are determined by market movements and prices may go up and down depending on supply…

Q: The subjec can take m prospectiv O True O False

A: Basic Concept Auditing and assurance

Q: What is summed up by the word consistency ?

A: So, the word "consistency" summed up various phrases and meaningful sentences which are different in…

Q: An information that is relevant is one that has ___________ value. a. Historical b. Uncertain c.…

A: Predictive value means the information has such characteristics to predict future outcomes. Further,…

Q: A relevant information is one which has ___________ value. a. Predictive b. Uncertain c. Comparative…

A: Relevant Information - It is certain form of data which can applied for solving of problem. It is…

Q: What is difference between Musharakah and Ijarah explain with example ?

A: Musharakah It is the arrangement of joint partnership in Islamic finance under which both profits,…

Q: Instructions a. Prepare an incremental analysis for the special order. b. Should Gruden accept the…

A: Incremental analysis of special order :- it helps companies decide whether or not to accept a…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.