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الموضوع: financial resource management

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    الصورة الرمزية محاسب متخصص
    محاسب متخصص غير متواجد حالياً مشرف عام
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    financial resource management

    ASSIGNMENT 1

    a) Jack used cash concept of profit. The wrong thing about it is that company and personal transaction cannot be mixed.

    b) i) cash method of profit determination

    $
    cash receipt from customers 10500
    LESS materials 3250
    Motor vehicles expenses 600
    Administration expenses 500
    Wages 2750
    Insurance 400
    Sundry 100 7600
    2900
    receipt from customers 10500
    Amount owing to customers 3000
    Amount owing to suppliers etc. : 13500
    Material
    motor vehicles expenses
    administration expenses
    wages
    insurance
    sundry
    depreciation plant and equipment
    depreciation motor vehicle
    (3250)
    (600)
    (500)
    (2750)
    (400)
    (100)
    (100)
    (500)
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