Related Questions

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
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
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?
A Capital cost of a new collection vehicle
B Depreciation of the machinery
C Operatives wages
D Fuel for the collection Vehicles
On an accounting report of cash flows an "increase (decrease) in cash and cash equivalents" shows
A a cash flow from operating activities
B a cash flow from investing activities.
C a cash flow from financing activities.
D none of above.
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
Lia purchases 50% capital interest in the Kader and Shefa partnership for Tk 22,000. If the capital balance of Kader and Shefa are Tk 40,000 and Tk 30,000, respectively, then Lia's capital balance following the purchase is:
A Tk 15,000
B Tk 20,000
C Tk 22,000
D Tk 35,000
E None of these
Payback period in which an expected cash flows are discounted with help of project cost of capital is classified as
A discounted payback period
B discounted rate of return
C discounted cash flows
D discounted project cost
Master budget, which is based on planned output level at start of budget period is considered as
A static budget
B varied budget
C marketing budget
D methodological budget
Situation in which firm limits expenditures on capital is classified as
A optimal rationing
B capital rationing
C marginal rationing
D transaction rationing

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