Quickbooks Online Accounting
3rd Edition
ISBN: 9780357391693
Author: Owen
Publisher: Cengage
expand_more
expand_more
format_list_bulleted
Question
error_outline
This textbook solution is under construction.
Students have asked these similar questions
which one is correct please confirm?
Q7:
If GBP/USD 1.4462/67 and USD/CHF 1.6688/93, what is the GBP/CHF rate?"
GBP/CHF 2.4134/2.4150
CHF/GBP 2.4134/2.4150
CHF/GBP 2.7138/2.7173
GBP/CHF 2.7138/2.7173
BLOCK D/2018/1
In t1, you purchase goods on target in the amount of € 9 thousand (net). Furthermore, transport costs of € 500 (net) to be paid to an external service provider for the purchase of the goods are incurred (incidental acquisition costs); payment is also made on destination. Your col- lege posts the goods receipt as follows:
purchase of goods € 9,000 and amounts of € 1,710 intrade payables € 10,710 as well as
Other operating expenses for trade payables €500.
The goods are to be sold in t2. It is foreseeable that you will be able to sell the goods witha high profit margin.
Do the postings of the colleague lead to an accrual determination of success?
If further bookings or corrections are required in t1, make them and justify your action with reference to the possible bookings. relevant legal regulations!
A VAT-registered business makes a sale of P12,000, inclusive of VAT. The VAT on the sale can be computed as*
a. P12,000 x 12%b. P12,000 / 12% c. P12,000 x 12% / 112%d. P12,000 / 12% / 112%
Knowledge Booster
Similar questions
- See image. CHOICES:a. P905,000 b. P895,000 c. P915,000 d. P900,000arrow_forwardSee image. Choices: a. P780,000 b. P720,000 c. P1,440,000 d. P560,000arrow_forwardBUS 038 : Business Computatns5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period?arrow_forward
- A6 Purchase the software from ABC Corporation. The agreement with ABC will allow XYZ inc to operate and run the software directly onXYZ’s own internal server. In addition to the cost of the software, XYZ inc anticipates it will incur training and implementation costs for its customer service employees. The purchased software is expected to have a useful life of 3 years. Determine 9-digit FASB codification? and give me your insight and evaluate alternative solution?arrow_forward1. Global Entity is a retailer situated in Windhoek that sells various products. On 12 December 2021, Global Entity ordered trade inventories for an invoice price of N$40 000. The inventories were delivered on 20 December 2021 and the amount was settled on the same day. Global Entity makes use of the perpetual inventory system. Show the effect of each transaction on the Accounting Equation. Use the equation: A= OE + L a. Asset; +40 000 = Equity; nil + Liability; nil. Asset; -40 000 b. Asset; +40 000 = Equity; nil + Liability; nil. Asset; +40 000 c. Asset; -40 000 = Equity; -40 000 + Liability; nil d. Asset; +40 000 = Equity; nil + Liability; +40 000 e. Asset; nil = Equity; -40 000 + Liability; +40 000 2. Global Entity is a retailer situated in Windhoek that sells various products. For the month of March 2022, the water and electricity account due to the local municipality was recorded to amount to N$8 000. Included in the N$8 000 was Mr G, the owner’s…arrow_forwardA $1,000 sale is made on May 1 with terms 2/10, n/30.Items with a $100 selling price are returned on May 3.What amount, if received on May 9, will be consideredpayment in full?a. $700 c. $882b. $800 d. $900arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
