Identifying capital and revenue nature receipts and expenses from following information: Salary paid, loan taken, Almirah purchase, sale of old machinery, Rent received, Electricity bill paid, Commission paid, Interest on Investment received, bank charge, Computer Purchase

Q: How much was the cash received from the sale of investment in associate?

A: It is given that on July 31, 2021 Investments costing  P50000 has been disposed of at a loss of…

Q: Which of the following best describes the statement of profit or loss? A It is a summary of assets…

A: The business entities want to know the the profitability and the financial position of the…

Q: explain the connections between the income statement, balance sheet, cash flow statement, and…

A: The income statement, balance sheet, cash flow statement, and statement will be explained:

Q: Identify the following items as (1) operating, (2) investing, or (3) financing activities: purchase…

A:

Q: is A written promise to pay the supplies an asset capital so on? is Fax Machine an asset capital so…

A: The answer is stated below:             Note: Answering the first three subparts as there are…

Q: Insurance expense Office expense Supplies expense Real estate and payroll taxes Depreciation expense…

A: Expenses are those cash outflows which is done for earning revenue. It is part of Income Statement.…

Q: Which of the following analysis helps to understand how the assets, liabilities and capitals are…

A: Income statement analysis analyses the components of income and expenses determining the amount of…

Q: The flow of money or its equivalent produced by an asset dividends and interest a. investment b.…

A: An investment is defined as an asset or invested, which used in building the wealth as well as…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: a. & c. Identfy the events that result in revenue or expense recognition and those which affect the…

A: A&C

Q: Match the following transactions with the type of cash flow activity (operating, investing, or…

A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows: Cash flow statement is also known as statement of cash flows. It is a…

Q: Classify the following cash flows as either operating (O), investing (I), or financing (F)…

A: Statement of cash flows:

Q: Which one of the following increases the current liabilities of a business entity? Select one: a.…

A: Liabilities are know as the financial obligation or financial debt which has to payable by the…

Q: an increase in the working

A: Working capital accounts include all the accounts of current assets and current liabilities such as…

Q: Cash flow example from an investing activity is a. Issue of Equity b. Redemption of Debenture c.…

A: Cash Flow is a statement which shows the inflow and outflow of the transactions related to cash. It…

Q: Cash outflows related to employee wages be reflected as part of Statement of Cash Flows. on the Net…

A: Cash flow statement shows bifurcation of cash inflows and cash outflows by Operating Activities,…

Q: describe the relationships among the income statement, balance sheet, statement of cash fl ows, and…

A: The Income Statement is prepared on accrual basis. The accounting principles such as revenue…

Q: Classify each item by type of business activity- operating, investing, or financing. Also indicate…

A: Statement of cash flow (CFS) refers to a financial statement of the company which shows the flows of…

Q: Calculate RETURNED ON INVESTED CAPITAL by referring the pictures of Financial Position and Statement…

A: Please see the next step for the solution

Q: Match each transaction to one of the following activities of an organization: financing activity(F),…

A: Investing activities of the business means activities which are related to purchase and sale of long…

Q: Working Capital. Identify the working capital accounts related to, (d) income tax expense. For each…

A: Income tax payable is the liability for the company. It is presented in the balance sheet and posted…

Q: What temporary capital records are found in the income statement? Revenue and Expenses Revenue and…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The following information can be obtained by examining a company's balance sheet and income…

A: Cash flow statement is a statement which shows the the inflows and outflows of cash and cash…

Q: Which of the following transactions is revenue expenditure? A Expenditure resulting in improvements…

A: We have the following heads Expenditure resulting in improvements to property Expenditure on heat…

Q: Money received from customers for products to be delivered in the future is recorded as: A . revenue…

A: The question is based on the concept accounting principle and concept. The income received in…

Q: Identify the items or data that appear on multiple financial statements (income statement, statement…

A: Financial statements are the reports that provide the financial information of the business. The…

Q: Financial Asset at Fair Value under OCI would have its gain or loss reported at what Financial…

A: Gain or loss on Financial Asset at Fair Value under OCI will be shown as other comprehensive income…

Q: The following statement suits best the definition of ASSETS: O a. The assets are expenses incurred…

A: Assets are considered as the resources of the business used to run the daily activity of the…

Q: Where is the capitalized income recorded? Debit aide of Income and expenditure A/C Deducted from…

A: Capitalised income is income related or gained from the capital assets or long term assets in the…

Q: Which financial statement reports the balances in the permanent accounts (assets, liabilities;…

A: Permanent accounts are company accounts whose balances are carried over from one accounting period…

Q: As a Finance Manager of the company you are required to: Requirement : 1 Calculate the following…

A: *As per Bartleby guideline, if questions are interlinked then answer first three only. Fixed asset…

Q: Fill in the blanks with these terms: tangible asset, income statement, cash, statement of cash flow,…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Identify whether each of the following would be reported as an operating, investing, or financing…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Q: Categorize each cash flow transaction. Write O for operating, I for investing, or F for financing.…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: How is the cash purchase of capital assets reflected in a company's cash flow statement? As an…

A: Purchase of Capital Assets is a cash Outflow because cash is going out of the business while…

Q: Which of the following is a cash outflow from operating activities? * O Payment for interest expense…

A: Cash flows from operating activities are a section of a company's cash flow statement that shows the…

Q: Identify each expense or revenue as a cash flow from operating activities (O), a cash flow from…

A: The above question relates to the identification of cash flow activities while preparing a Cash Flow…

Q: Which of the following in accounts would be classified as current assets on the balance sheet? a.…

A: Assets Resources that a company owns and these resources can provide some future benefits to the…

Q: Interest payments to creditors are reported in a statement of cash flows as Select one: a. An…

A: Option a is correct.  Interest bears the nature of its principle hence thr interest payment on trade…

Q: Depreciation is considered as accounting policy and operational expense for the accounting period.…

A: Capital expenditure and revenue expenditure are 2 basic types of expenditure in accounting

Q: 1. Indicate under which activity (operating, financing, investing) the following accounts belong in…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A capital expenditurea. adds to an asset.b. is expensed immediately.c. is a credit like capital…

A: Expenditure: It refers to the aggregated amount that is spent by a business during an accounting pe

Q: Indicate where the event purchased land and a building with a mortgage would appear, if at all, on…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Case I. The Property Corporation requires funds for its inventory, payment of salaries and wages,…

A: Funds needed for inventory, payment of salaries and wages, payment of utilities and other monthly…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.