Related Questions

Milo has the year-end balances as follows: Account receivables TA. 5000; Supplies TA. 12,000; Equipment's TA. TA. 18,000; Accounts payable TA. 17,000 and Owner's equity TA. 43,000. The cash account balance was not available at year-end, Given the account balances listed, the balance in the cash account should be:
A TA. 25,000
B TA. 95,000
C TA. 43,000
D Can't be determined
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
A Tk 0
B Tk 4,500
C Tk 11,500
D Tk 23,000
E None of these
Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600
রেওয়ামিলে দেনাদার ৫২,০০০ টাকা, লিখিত অনাদারি পাওনা ২,০০০ টাকা এবং অলিখিত অন্যদায়ি পাওনা ২,০০০ টাকা। যদি দেনাদারের ওপর ৫% সঞ্চিতি রাখা হয় এবং অনাদায়ি পাওনা সঞ্চিতির ক্রেডিট ব্যালেন্স ১,০০০ টাকা হয়, তাহলে চলতি বছরে অন্যনায়ি পাওনা সঞ্চিতি কত রাখতে হবে? (In trial balance, account receivable is of Tk. 52,000 recorded bad debt of Tk.2,000 and unrecorded bad debt of Tk. 2,000. What is the amount of allowance for doubtful accounts kept in current year if the allowance is 5% on accounts receivable and credit balance in allowance for doubtful accounts currently is of Tk. 1,000 )
A ২,৫০০ টাকা (Tk. 2,500)
B ১,০০০ টাকা (Tk. 1,000)
C ২,৪০০ টাকা (Tk. 2,400)
D 1,500 টাকা (Tk. 1,500)
The trial balance shows Supplies Tk 0 and Supplies Expense Tk 1,500. If Tk 800 of Supplies are on hand at the end of the period, the adjusting entry is:
A debit Supplies Tk 800 and credit Supplies Expense Tk 800.
B debit Supplies Expense Tk 800 and credit Supplies Tk 800.
C debit Supplies Tk 700 and credit Supplies Expense Tk 700.
D debit Supplies Expense Tk 700 and credit Supplies Tk 700.
E None of these
Accounts receivable at the end of the month is Tk 80,000. Bad debts are expected to be 5% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of Tk 1,000 before adjustment, what is the balance after adjustment?
A Tk 2,000
B Tk 3,000
C Tk 4,000
D Tk 5,000
E None of these
The following data are available for Allen Clapp Corporation. Net income TA 200,000 Depreciation expensive TA. 40,000 Dividend paid TA. 60,000 Gain on sale of land TA. 10,000. Decrease in accounts received A. 20,000, Decrease in accounts payable TA. 30,000. Net cash provided by operating activities is:
A TA. 160,000
B TA.240,000
C TA. 220,000
D TA.280,000
The following data are available for Allen Clapp Corporation. Net income TA. 200,000, Depreciation expensive TA. 40,000, Dividend paid TA. 60,000, Gain on sale of land TA. 10,000, Decrease in accounts received TA. 20,000. Decrease in accounts payable TA. 30,000. Net cash provided by operating activities is:
A TA. 160,000
B TA. 240,000
C TA, 220,000
D TA. 280,000
The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
If debit balances = credit balances, trial balance only shows or checks the _________ and it does not indicate that no errors were made during recording and posting.
A Arithmetic accuracy
B Errors of commission
C Omissions of economic events
D Understatements of balances

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