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these are the questions ,and you can see the following in the first photo that I pass yesterday Times New Ro... 12 A A A
these are the questions ,and you can see the following in the first photo that I pass yesterday
Times New Ro... 12 A A A A abc A 1 NP BI U abe X2 X2 A A = (Fundagental Accounting ,: overse students 6. What are the differences between inventory's carriage inward and carriage outward when we include them into the statement of profit or loss? (8 marks) 7. A company values its inventory using the first in, first out (FIFO) method. At 1 May 20X2 the company had 700 engines in inventory, valued at $190 each. During the year ended 30 April 20x3 the following transactions took place: 20x2 1 July Purchased 500 engines at $220 each 1 November Sold 400 engines for $160,000 20x3 1 February Purchased 300 engines at $230 each 15 April Sold 250 engines for $125,000 What is the value of the company's closing inventory of engines at 30 April 20x3? $188,500 B $195,500 $166,000 D None of these figures (2 marks) Workings are needed.) 8. To make double entries and show its capital structure following: (a) A '1 for 4' bonus issue (b)A rights issue of '1 for 5' at $1.2 following the bonus issue, assuming all rights taken up (10 marks) 9. To make double entries for the machine disposed (5 marks).|| 10. To make double entries for the loan interest required (5 marks). 11. To prepare the statement of profit or loss for the year ended 31 December 20X9 (10 marks). 12. To prepare the statement of financial position as at the date of 31 December 20X9 (20 marks). 38 34Step by Step Solution
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