A business enterprise gave away goods costing 10,000; 5,000; 3,000, respectively as free sample, as charity and
Question:
A business enterprise gave away goods costing ₹10,000; 5,000; 3,000, respectively as free sample, as charity and for personal use of owner. Pass journal entry.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Free Sample ac To Purchase ac Goods costing 10000 ...View the full answer
Answered By
Wonder Dzidzormenu
As a professional accountant and a teacher, I explain account ing concepts in a more practical way that makes students more connected to the subject.
With over 10 years of teaching accounting , I offer a well constructed , easily understood and in-depth explanations to students questions.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A business enterprise gave away goods costing 10,000; 5,500; 3,400, respectively as free sample, as charity and for personal use of owner. Pass journal entry.
-
A bakery with a December 31 st year end purchased new equipment on October 31 st 2000 for $10,000. This was their first equipment purchase. Required: What are the tax consequences if the equipment is...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Dare2Dream Donuts Inc. (D2DD) is a CCPC owned by Alec & Isla Smook. As their tax advisor, you are currently completing D2DD's corporate tax return, and have calculated taxable income as follows: $...
-
Daniel Barenboim sells and erects shell houses, that is, frame structures that are completely finished on the outside but are unfinished on the inside except for flooring, partition studding, and...
-
Tests of impact on the fixed crash dummy are conducted using the 300-lb ram that is released from rest at = 30, and allowed to fall and strike the dummy at = 90. If the coefficient of restitution...
-
At present, 20-year U.K. government gilts are yielding 5.4 percent, while some 20-year U.K. corporate bonds that you are interested in are yielding 9.6 percent. Assuming that the maturity-risk...
-
The following pseudocode is a correct implementation of the producer/consumer problem with a bounded buffer: Labels p1, p2, p3 and c1, c2, c3 refer to the lines of code shown above (p2 and c2 each...
-
In the space provided, 150- to 350-word summary of your financial analysis from Part 2: Financial Ratio Calculations. Include the following in your summary: Make final recommendations as to whether...
-
M/s Sunder Enterprise executed the following transactions. Record these in the purchase book. Date 12/5/10 16/5/10 20/5/10 21/5/10 Invoice No. 502 207 511 106 Transaction Goods of MRP 25,000...
-
Sold goods of 20,000 to Mahesh. Subsequently received cash from Mahesh 19,800 in the final settlement of his account. Purchased goods from Deepak of 30,000. Subsequently issued a cheque of 29,500 to...
-
Use Greens Theorem to evaluate the following line integrals. Unless stated otherwise, assume all curves are oriented counterclockwise. (2x + e) dy (4y2 + ex) dx, where C is the boundary of C the...
-
AutoSave OFF Home Insert m. Paste Page 1 of 2 B Draw Design Layout Calibri (Bo... V 12 I 2 U 611 words ab 2 V A A Aa x A References V English (United States) A Po V Mailings Review V V W Option...
-
For the function f ( x ) equals 3 6 x squared plus 1 2 x plus 1 , a . Calculate the discriminant. b . Determine whether there are 0 , 1 , or 2 real solutions to f ( x ) equals 0 . Question content...
-
You are the CEO and founder of Spectrum Sunglass Company. While you generally feel good about the state of the business, you are beginning to think about your legacy. You are reading more and more...
-
INSTRUCTIONS: We're looking to work with a new publisher that is interested in selling us two different placements. The publisher has told us that placement 1 has an approximate CTR of 0.3% and will...
-
On January 1, 2021, Dell Computer has following balance of accounts: Cash $92,000, inventory $80,000 (80 sets of computers), office equipment 280,000, which can be used for 5 years without residual...
-
Explain how the concepts of domain names, trademarks, and cybersquatting are related.
-
Extend Algorithms 3.4 and 3.5 to include as output the first and second derivatives of the spline at the nodes.
-
If your school has a subscription to the FASB Codification, prepare responses to the following. (a) The primary basis for accounting for inventories is cost. How is cost defined in the Codification?...
-
Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for inventories.
-
LaTour Inc. is based in France and prepares its financial statements in accordance with IFRS. In 2012, it reported cost of goods sold of 578 million and average inventory of 154 million. Briefly...
-
Create an improved Marketing Strategy that innovates how Innisfree sells Korean skincare in the US. Revitalizing Innisfree's US Market Penetration and Competitive Edge in Korean Skincare. Industry...
-
How do historical precedents of social change inform our understanding of contemporary challenges and opportunities, and what lessons can be drawn from past movements and revolutions in shaping...
-
You should name your submission file as follows: Last Name First Name. You will get two extra credit points for correctly naming your file. PROBLEM I You own a lawn mowing company and are planning to...
Study smarter with the SolutionInn App