Problems in Accounting
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In our eReader you can find the full English version of the book. Read Problems in Accounting Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Problems in Accounting
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The matter is referred to you as an accountant ; what is your opinion ?
179.
The secretary of a manufacturing corporation which has no sur- plus has undertaken to close the books. The balance to the credit of the profit and loss account is just sufficient to enable the directors to declare a small dividend, which they propose to do. At this juncture the services of an accountant are secured. He finds that no provision PROBLEMS IN ACCOUNTING 75 for depreciation has been made, and that all expend...itures for repairs and renewals, amounting to more than the proposed dividend, have been charged direct to plant account. Show the nature of any cor- rective entries which should be made. What would be the effect on the balance sheet of such entries ?
180.
The State of New York requires telephone companies to main- tain a Depreciation Reserve to take care of the actual depreciation of tangible assets. The Treasurer of a certain telephone company re- ported Cash in Bank $15, 000 among his assets.
What to read after Problems in Accounting?
You can find similar books in the "Read Also" column, or choose other free books by David Friday to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The matter is referred to you as an accountant ; what is your opinion ?
179.
The secretary of a manufacturing corporation which has no sur- plus has undertaken to close the books. The balance to the credit of the profit and loss account is just sufficient to enable the directors to declare a small dividend, which they propose to do. At this juncture the services of an accountant are secured. He finds that no provision PROBLEMS IN ACCOUNTING 75 for depreciation has been made, and that all expend...itures for repairs and renewals, amounting to more than the proposed dividend, have been charged direct to plant account. Show the nature of any cor- rective entries which should be made. What would be the effect on the balance sheet of such entries ?
180.
The State of New York requires telephone companies to main- tain a Depreciation Reserve to take care of the actual depreciation of tangible assets. The Treasurer of a certain telephone company re- ported Cash in Bank $15, 000 among his assets.
What to read after Problems in Accounting?
You can find similar books in the "Read Also" column, or choose other free books by David Friday to read onlineMoreLess
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