المساعد الشخصي الرقمي

مشاهدة النسخة كاملة : financial resource management



محاسب متخصص
03-16-2014, 04:04 PM
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)