PROBLEM SET A
Problem 1-1A (40 minutes)
Equity on December 31, 2004:
Equity on December 31, 2005:
Equity, December 31, 2004. $21,500
Plus owner investments.
Plus net inc
BUSINESS INCOME 2016/2017
Haris operates the business of kids wear at a shop lot. The Profit & Loss account for
the year ended 31 December 2015 is as follows:
Less: Cost of goods sold
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES
ACB21203 AUDIT 1
GROUP MEETING MINUTES NO. 1/2017
DATE: 20 MARCH 2017 (MONDAY)
TIME: 2.00 P.M
ALL MEMBERS ARE RESENT
1.1 The meeting began with greeting
PERBEZAAN ANTARA GAUTAMA Buddha DAN JESUS
Gautama was born as a Kshatriya, the son of uddhodana, "an elected chief of the Shakya
clan, whose capital was Kapilavastu, and who were later annexed by the growing Kingdom
of Kosala during the Buddha's
TAX 2 - TUTORIAL (PARTNERSHIP)
Kassim and Chan run an architecture business under a partnership named KC and Co. The
partnership accounts are prepared on 31 December each year. Under the partnership
agreement, the following details covers:
Phang, aged 53, is a factory manager of WE Sdn Bhd. The company paid for his life insurance premium
amounting to RM4,500. Phang has 3 unmarried children. The first child is studying in a local university.
1) In order to make a partner liable to the third person; one of the conditions which has
to be met was that the act must be an act for carrying on business in the usual way and
whether the act is a trading partnership or non-trading partnership.
Our pricing structure will be on a high-end conventional goods range as we think that
we will be providing better quality products compare to competitors. This price will be set to
identify to customers that our products are of
A lease that substantially all the risk and rewards incident to ownership of an asset
are not transferred.
Title to the asset will not be transferred.
The legal and beneficial owner is the lessor.
The land usually classifi
ACB10103 BUSINESS ACCOUNTING
What is accounting.
What are the differences between bookkeeping and accounting?
Describe the steps in the accounting process.
List any four users of accounting information. Outline what information ea
Inventories comprise those:
Held for sale in the ordinary course of business;
In the process of production for such sale; or
In the form of materials or supplies to be consumed in the
production process or in the rendering of servi
Modul P&P Prinsip Perakaunan Tingkatan 4
Permulaan menyimpan rekod sejak tamadun purba. Catatan tertua catatan pembayaran
upah di Babylonia pada tahun 3500 S.M.
Pada peringkat awal, catatan dibuat pada kepingan tanah liat. Kemudia