The following information is available for Elite Sdn. Bhd. 1st January 2018 RM Commission Received Rent...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information is available for Elite Sdn. Bhd. 1st January 2018 RM Commission Received Rent 1'040 owing 2'400 prepaid Rent Paid = RM 29'200 31st December 2018 (a) Prepare the relevant ledger account for: i. commission received ii. rent. RM During the year ended 31st December 2020, the following transactions were carried out through the bank account: Commission Received = RM 3'940 2'050 owing 3'000 prepaid The following information is available for Elite Sdn. Bhd. 1st January 2018 RM Commission Received Rent 1'040 owing 2'400 prepaid Rent Paid = RM 29'200 31st December 2018 (a) Prepare the relevant ledger account for: i. commission received ii. rent. RM During the year ended 31st December 2020, the following transactions were carried out through the bank account: Commission Received = RM 3'940 2'050 owing 3'000 prepaid
Expert Answer:
Answer rating: 100% (QA)
a i Commission Received Ledger Account Particulars ... View the full answer
Related Book For
Management Leading and Collaborating in a Competitive World
ISBN: 978-1259546945
12th edition
Authors: Thomas Bateman, Scott Snell
Posted Date:
Students also viewed these accounting questions
-
As the case study indicates, there appears to be a lack of clear communication occurring between the middle managers and top management. The company's future growth and development depends on clear...
-
Cash $50,000 Building $ 80,000 Patent $25,000 Notes receivable (3 months) $300 Accounts payable $5800 Equipment $20,000 Merchandise Inventory $700 Land $90,000 From the above information, what is the...
-
From the options given below identify the duty of an auditor of a company O a. Compliance with the applicable law and regulation O b. All the options Oc. Evaluating of internal control system O d....
-
Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you...
-
Consider the following time series: a. Forecast the demand for Period 8 using a two- period simple moving average. b. Calculate the MAD for the forecast in part a. c. Forecast the demand for Period 8...
-
(a) Using the thermodynamic relation \[ C_{P}-C_{\mathrm{V}}=T(\partial P / \partial T)_{\mathrm{V}}(\partial V / \partial T)_{P}=-T(\partial P / \partial T)_{\mathrm{V}}^{2} /(\partial P / \partial...
-
You are hired to perform a forensic audit of a movie (e.g., College). Prepare a short term paper on production accounting for a movie or T.V. production.
-
Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2014). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for...
-
The factors that need to be known to compute depreciation are an asset's is a. Cost, residual value, and service life. b. Cost, residual value, and physical life. c. Fair market value, residual...
-
On December 1, 2020, Papadopoulos Seasonings had the following account balances. During December, the company completed the following transactions. Dec. 7 Received 3,600 cash from customers in...
-
Describe the Chen, Roll and Ross (1986) Five Factor Model. What are the results from testing this model? Discuss. [13 marks] Describe the Fama-French (1993) Three-Factor Model. What are the results...
-
In the fall of2009, Kraft Foods attempted to buy Cadbury plc. Data for each of the two companies are given in the table. Both companies are all equity financed. The CEO of Kraft Foods estimated that...
-
Where did I go wrong? You can see the code I have applied and it's almost there, but something isn't correct in my code and I can't figure out where I went wrong. Please help me find the error and...
-
Wehner Company is currently manufacturing Part ABS-43, producing 53,400 units annually. The part is used in the production of several products made by Wehner. The cost per unit for ABS-43 is as...
-
Harem company uses an annual cost formula for overhead of 72,000 + 1.60 for each direct labor hour worked. For the upcoming month, Karla plans to manufacture 96,000 units. Each units requires five...
-
What role does the Chief Risk Officer play in the credit process and how does it differ from that of the Chief Credit Officer? Distinguish between the account officer, credit specialists and...
-
Calculate the cost of the Dijon Mustard in a pastrami sandwich recipe. You need Dijon Mustard 15gr. for a recipe. Dijon Mustard 10 fl oz cost 4 dollars and 41 cents.
-
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
-
How effective is Carlos in decreasing Juan and Rita's resistance to change?
-
How is Netflix an Innovator? What are the consequences to competitors of Netflix's innovations?
-
How does Goodwill use controls to make informed decisions about its resources?
-
When are unrealized holding gains and losses on debt securities included in the determination of net income? When are unrealized holding gains and losses on equity securities included in the...
-
Describe the balance sheet categorization and valuation within the asset section when an investment in securities is classified as a. Trading debt securities. d. Equity securities measured at FV-NI....
-
Explain when the fair value option of accounting for equity investments is applicable. What is the financial statement impact of accounting for investments under the fair value option?
Study smarter with the SolutionInn App