Long term borrowings Property, plant & equipment Trade and other payables Current portion of long-term borrowings Intangible assets Cash and cash equivalents Short-term borrowings Current tax payable Share capital Retained earnings Inventories Revaluation reserve Trade receivables Goodwill 50,000 120,000 25,000 15,000 50,000 10,000 8,000 2,000 100,000 40,000 10,000 10,000 30,000 30,000

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

A: Open account: It is a sale transaction in which the goods are shipped and delivered before payment…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

A: gross income is generally the most critical factor.  because it directly impacts a borrower's…

A: The process of recording business transactions in the books of accounts for the first time is…

A: T account is the account which is made by the company for each account in which all the transactions…

A: What are Vostro Account and Nostro Account

A: Promissory note refers to a signed written document that contains an unconditional promise to pay…

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

A: Under QBO there is a feature to customize your forms.

A: The cash receipts journal is a special section of the general journal specifically used to record…

A: Quickbooks is very popular accounting software that is used for accounting and recording…

A: Users of the information: Users of information can be classified as internal and external users.…

A: Let's break down the calculations for each component of the financial obligations that John owes to…

A:

A: The MACRS (Modified Accelerated Cost Recovery System) is the current tax depreciation system in the…

A: Asset Asset refers to an economic resource that an entity or an individual holds for gaining future…

A: To record a website expense the journal entry would include a debit to website expense and credit to…

A: A direct quote can be computed using the following formula: Direct quote=1Indirect quote

A: Draft Normally in Draft there are involved three parties one is Drawer another is Drawee and third…

A: The objective of the question is to verify the functionality of the 'Generate' button in the A/P…

A: The credit approval for sales means sanctioning the credit limit and period for credit customers.…