WEEK 10_Acc.docx - Assignment of Accounting theory and...

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Assignment of Accounting theory and Current issues 1 “WEEK 10” PART A Fujitsu Ltd General Journal For the Year ended _______ Date Particulars Debit Credit 11-05- 2019 (A/c) Purchases (A/c) DFO Limited (To record the purchase by the company) $731,707 $731,70 7 Date Particulars Debit Credit 30-06- 2019 (A/c) DFO Limited Loss or gain on Foreign Exchange (A/c) (To record the dissimilarity in loss or gain associated with foreign exchange) $34,033 $34,033 Date Particulars Debit Credit 14-08- 2019 DFO Limited Account $769,231
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Exam of Behavioral Finance 2 Bank Account (To record the amount of payment given to the creditor) $769,23 1 Date Particulars Debit Credit 14-08- 2019 Loss or gain Foreign Exchange (A/c) DFO Limited (A/c) (To record the forex’s effect recorded) $71,556 $71,556 PART B The term qualifying asset is defined by both AASB 1036 and AASB 123 as an asset by which a substantial time is taken to prepare for its
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  • Fall '19
  • DFO Limited

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