Request

Dear Fellows, post your requests for problems relating to Business, Accounting, Marketing, Finance, ACCA, and for any books or reports that you need but did not find. We will response within 24 hours...
Enter Donation Amount:

22 comments:

  1. its actually an accounting problem..i cant seem to balance it out.could you please help me and explain it thoroughly..i will kindly appreciate it:
    assets=liabilities+owner's equity

    a.)gervais deposited $25,000 in a bank account in the name of the business
    b.)bought a truck from kelly motors for $26,329, paying $8,000 in cash and placing the balance of account
    c.)bought catering equipment on account from Luigi's equipment, $3,795
    d.)paid the rent for the month, $1,255
    e.)bought insurance for the truck for one year, $400
    f.)sold catering sevices for cash for the first half of the month, $3,012
    g.)bought supplies for cash, $185
    h.)sold catering services on account, $4,307
    i.)received and paid the heating bill, $248
    j.)received a bill from GC gas and lube for gas and oil for the truck, $128
    k.)sold catering services for cash for the remainder of the month, $2,649
    l.)gervais withdrew cash for personal use, $1,550
    m.)paid the salary of assistant, $1,150

    ReplyDelete
  2. Hi I had a really quick question
    Purchased $80 of advertising in this month's local paper on credit; cash payment is due June 1

    But my statement is only for May so would i record this $80 as -$80 under cash, then -$80 on accounts payable?

    Thanks!

    ReplyDelete
  3. Thank you Mr. Paul for your question.

    your adjustment journal will be,

    advertising expense.....Debit $80
    Accrued Advertising expense Credit $80

    the posting of this transaction in Income Statement and Balance Sheet will be,

    Advertising expense will increase by $80 (in Income Statement)

    and Current Liability will increase by accrued advertising expense $80 (in Balance Sheet)

    ReplyDelete
  4. Thank You Mr. Anonymous, for your question.

    The solution for your transactions are given below:

    a) Asset: Bank Deposit will increase by $25000
    Owner's Equity: OE will increase by $25000 (Investment)

    b) Asset: Equipment will increase by $26329.
    Asset: Cash will Decrease by $8000
    Liability: Accounts Payable will increase by $18329.

    c) Asset: Equipment will increase by $3795.
    Liability: Accounts Payable will increase by $3795.

    d) Asset: Cash will decrease by $1255.
    Owner's Equity: OE will Decrease by $1255 (Expense)

    e)Asset: Prepaid Insurance will increase by $400 ( as prepaid for one year)
    Asset: Cash will decrease by $400.

    f) Asset: Cash will increase by $3012.
    Owner's Equity: OE will increase by $3012 (as Service Revenue generated)

    g) Asset: Supplies will increase by $185
    Asset: Cash will decrease by $185.

    h) Asset: Account Receivable will increase by $4307
    Owner's Equity: OE will increase by $4307 ( as Service Revenue generated)

    i) Asset: Cash will decrease by $248
    Owner's Equity: OE will decrease by $248 (as expense incurred and paid)

    j) Liability: Gas & oil Bill Payable will increase by $128
    Owner's Equity: OE will decrease by $128 ( as expense incurred and remains unpaid)

    k) Asset: Cash will increase by $2649
    Owner's Equity: OE will increase by $2649 (as service revenue generated)

    l) Asset: Cash will decrease by $1550
    Owner's Equity: OE will decrease by 1550(as cash withdrawn)

    m) Asset: Cash will decrease by ($1150
    Owner's Equity: OE will decrease by $1150 (as salary expense incurred and paid)

    For further query do not bother to ask, thank you again.

    ReplyDelete
  5. I need ACCA 2011 BPP ebooks. Please help me to search link to download 2011 books, I'll take June 2011 exam. Pleae help me

    You can sell them to me, I need them very much.

    Thank you

    My email: rihschutoan@yahoo.com

    ReplyDelete
  6. Thank you for your request, We'll soon give you the links for ACCA 2011 BPP ebooks. Please be patient, it won't take too long.

    ReplyDelete
  7. The BPP revision kit for f8 is for 2010 exams do you have one for the 2011 papers ?
    It would be great if it was the same for f9. . .

    ReplyDelete
  8. I am Tanin, from Bangladesh.
    I need Kaplan Publishing (CIMA) CMGA Study Text (Selected Chapters of E2+P2+F2).
    Pls help me.
    tanin026@yahoo.com

    ReplyDelete
  9. I need Financial Management by I M Pandey. The link which already given for the book is fake.
    faisalfreeman@yahoo.com

    ReplyDelete
  10. Hi

    Please share these books: or send me the links to prakrutib4u@gmail.com

    1) Redefining Health Care: Creating Value-Based Competition on Results by: Michael E. Porter and Elizabeth Olmsted Teisberg

    2) Science Business: The Promise, the Reality, and the Future of Biotech by: Gary P. Pisano

    Thank you so much.

    ReplyDelete
  11. I really wanted you to thank for the ebooks.
    I have been searching all the possible website for these books.

    ReplyDelete
  12. Hi

    Please help me in finding this book it would be of great help.

    1) Strategic Management for Hospitality and Tourism by Fevzi Okumus, Levent Altinay & Prakash Chathoth

    Thank you very much

    ReplyDelete
  13. I need "Portfolio Management" book by S.Kevin 2e PDF.

    Please upload this book as soon as possible or share me the link or mail me in this mail address: rakibulhasan4@gmail.com

    ReplyDelete
  14. [Request]

    Principles and Practice of Marketing , 2nd Edition
    Blythe, Jim
    ISBN10: 1-4080-1147-6, ISBN13: 978-1-4080-1147-8
    © 2009 | Paperback | 768 pages

    ReplyDelete
  15. Hi, I need a assignment on Market Segmentation.........please help me....

    ReplyDelete
  16. Hi, I need the following books:

    1. Financial Markets and Institutions | By JEFF MADURA | Edition 7th or 8th

    2. Capital Investment and Financial Decisions + Solution | By HAIM LEVY & MARSHALL SARNAT | 5th Edition

    Plz Notify me when upload : iqbal.88marjan@gmail.com

    Thanks

    ReplyDelete
  17. Loan Recovery Process of Prime Bank Limited, Bangladesh

    ReplyDelete
  18. Would you please upload the following in any other file shareing site.

    BAKER LEMBKE KING - Advanced Financial Accounting 6e.zip

    As I have no fileserve premium account I cannot download it but I need it badly and you are my last resort.

    Regards

    Rayhan

    ReplyDelete
  19. I need "The Official Guide for GMAT Review" latest edition

    ReplyDelete
  20. latest bank recruitment test questions and solutions

    ReplyDelete
  21. Please upload MARKETING intern report of any pharmaceutical company....

    PLZ PLZ PLZ

    ReplyDelete
  22. sir kindly send me a copy of cima p1 study text or revision kit or exam questions bank..
    umargee300@gmail.com

    ReplyDelete