Rectify the following errors identified in the books of Shyam. The Trial Balance
showed ₹ 875 as an excess debit.
a. The total of debit side of Expenses account been cast in excess of ₹575.
b. Paid electricity bill of the proprietor’s residence was debited to
Electricity expenses ₹1,050.
c. An amount of ₹ 150 entered in sales return book has been posted to the
debit of Verma, who returned the goods.
Pass journal entries for correcting the above transactions and prepare
Suspense Account.
PLEASE ANSWERRR
Answers: 1
Business, 22.06.2019 11:20
Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:
Answers: 1
Business, 22.06.2019 19:00
It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent
Answers: 3
Business, 23.06.2019 02:30
Driving would be more pleasant if we didn't have to put up with the bad habits of other drivers. a newspaper reported the results of a valvoline oil company survey of 500 drivers in which the drivers marked their complaints about other drivers. the top complaints turned out to be tailgating, marked by 24% of the respondents; not using turn signals, marked by 19%; being cut off, marked by 15%; other drivers driving too slowly, marked by 12%; and other drivers being inconsiderate marked by 5%.
Answers: 1
Business, 23.06.2019 14:00
Explain the law of diminishing marginal utility as the basis for the slope of the travellers demand curve
Answers: 2
Rectify the following errors identified in the books of Shyam. The Trial Balance
showed ₹ 875 as an...
Social Studies, 28.06.2019 17:00
Mathematics, 28.06.2019 17:00
Mathematics, 28.06.2019 17:00
Social Studies, 28.06.2019 17:00
SAT, 28.06.2019 17:00
History, 28.06.2019 17:00
History, 28.06.2019 17:00
Mathematics, 28.06.2019 17:00
Spanish, 28.06.2019 17:00
Biology, 28.06.2019 17:00