First question:

One of the companies manufactured one of the specialized machines for use in its work, and each of the 100,000 direct materials amounted to 30,000 direct wages and indirect variable wages. 10 direct costs, indirect

Specialized 50,000 riyals

It is required to make the necessary entries to prove the manufacture of the machine in the books of the facility

The first case: if the value of the machine in the market is 55,000 riyals

The second case: if the value of the machine in the market is 42,000 riyals

The third case if the value of the machine in the market is 38,000 riyals

Second question:

Al-Amal Company bought a machine on 5/6/1437 AH for an amount of 500,000 riyals, provided that % within 5 days net 15 days It is required to make accounting entries in a way to reduce the value of the asset by discount, whether paid during the period or not paid if

Did you know that Al-Amal Company paid on 12/6/1437 AH?