Append below a summary of articles on Limited Companies ISSUANCE OF SHARES,ETC Terms Used in Relation To Share Capital Issuance of shares and debentures Revision Notes On Limited companies On Issue Of Shares On Installments & Method Of Raising Share Capital Oversubscription of Share Issued Subscription Of Shares By Installment-Calls In Arrears PROFIT … Read more
Question No NT 2 On Non-Trading Organization The following statement has been prepared for the XYZ Social Club: Receipts and Payments Account for the year ended 30 April 2007 $ $ Balance at bank at 1 May 2006 1,950 Payment for food and drink 6,320 Subscriptions 4,975 Wages 8,790 Cafeteria takings 11,860 New … Read more
The question on this limited company asked for a simple preparation of the Profit & Loss Appropriations where the dividends are considered. Answer Paper to Accounting Test Question No.Ltd 2 on Limited Companies Jim Ltd Profit & Loss Appropriation for the year ended 31 December 2007 $ $ Net Profit 900,000 Add: Retained profit b/d … Read more
Below is a straight forward question on Profit & Loss Appropriation Account. Question: Jim Ltd made a net profit of $900,000 for the financial year ended 31 December 2007. Retained brought forward is $50,000. (a) The company issued out 100,000 10% preference shares of $1 each and 200,000 ordinary shares of $2 each (b) Interim … Read more
The question on this limited company asked for a simple preparation of the Profit & Loss Appropriations where the dividends are considered. Answer Paper to Accounting Test Question No.Ltd 1 on Limited Companies Jim Ltd Profit & Loss Appropriation for the year ended 31 December Year 8 $ $ Net Profit 41,500 Add: Retained profit … Read more
Below question is testing the reader on the preparation of the Profit & Loss Appropriation Account. {Hint: So from the masses of data, just pick up the net profit for the year ended and worked on the dividends whether paid or payable and for the different types of dividend re: preferential & ordinary share.] Question: … Read more
Approach this question by : (a) understanding the normal format of a manufacturing and trading account. (b) do the expense adjustments by taking into consideration accruals and prepayments and allocating expenses solely due to manufacturing operations and then insert the final figures into (a) Answer to Accounting Test Question No.Mfg.1 Jim Brothers Manufacturing Account For … Read more
Below is an accounting test question on the preparation of a Manufacturing and trading account:- Question: Jim Brothers, a manufacturing company, produces the following balances from its books at 30 th September Year 7 $ Stocks at 1 October Year 6: Raw materials 7,450 Work-in-progress(factory cost) 5,330 Finished goods(transfer value) 12,110 Purchases of raw materials … Read more
AUSTRALIA Australian National University Monash University University of Sydney University of Melbourne University of New South Wales University of Queensland CANADA MCGILL University University of Toronto CHINA Peking University DENMARK University of Copenhagen FRANCE Ecole Normale Supérieure, Paris Ecole Polytechnique HONG KONG Hong Kong University Of Science & Technology The … Read more
Extracted from www.topuniversties.com the listing of 2008 World ranking of universities and re-sorted to compare with last year 2007 2008 Rank 2007 Rank Name of University Country 1 1 Harvard University US 2 2 Yale University US 3 2 University of Cambridge UK 4 2 University of Oxford UK 5 7 California Institute … Read more