subject
Business, 03.04.2020 19:08 liltay12386

The following errors are committed by the accountant of a business.

S. No Transactions
1 Sold Goods to Rafa worth RO 5,000 were entered only in Rafa account.
2 Business paid RO 100 Telephone charges was wrongly entered 1,000 in electricity charges account
but cash account had written correctly.
3 Goods purchased from Basma for RO 2,600 has been credited to Salma account.
4 Business bought goods on credit from Ms. Sameera RO 5,000 was entered as RO 50,000 in both the
accounts
5 The Sales book is undercast by RO 12,000
6 Wages paid RO 2000 entered twice
7 Sales book undercast RO 300 and purchase book overcast by RO 300
8 A purchase of Building for RO 50,000 has been entered in purchase account as RO 5000 instead of
building account
9 Goods purchased from Ms. Muna RO 12000 recorded in Muna account correctly but no entry was
passed on Merchandize inventory account.
10 Business made payment to Vendor RO 8,465 were recorded RO 8645 in both the accounts

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 15:00
(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?
Answers: 2
question
Business, 22.06.2019 17:50
Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not
Answers: 1
question
Business, 22.06.2019 19:50
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
question
Business, 23.06.2019 00:20
Barney corporation recognized a $100 million preferred stock balance on 12/31/2019. on january 1, 2020, barney issued $10 million in preferred dividends. on the same date, barney raised an additional $20 million via a new issuance of preferred stock. on december 31, 2020, the market value of the original amount of preferred shares rose $5 million. under us gaap, the 12/31/2020 year ending preferred stock balance is:
Answers: 3
You know the right answer?
The following errors are committed by the accountant of a business.

S. No Transactions
Questions
question
Mathematics, 06.05.2021 09:20
question
Mathematics, 06.05.2021 09:20