Assets Liabilities Classification Chart Religion Essay

666 words - 3 pages

Assets and Liabilities
Sarah`s cleaning business purchased a floor polishing machine and paid $5,000 cash on the 1 June 2016.
Is the above item an asset under the “framework” definition ?
Should the above item be included in Sarah` s business balance sheet on the 30th June 2016?
On the 15th May 2015, Shmal Ltd, borrowed $20,000 from the BIG BANK. The loan contract was signed on the 10th of May and the money was transferred to Shmal Ltd bank account on the 15th of May. Using the FRAMEWORK definitions, explain how Shmal Ltd should record this in her business balance sheet. (the loan is to be repaid in the year 2015).
Using the Framework definition explain why the following are assets.
(i) purchase of Inventory for $2,350 cash on the 1st May 2016 (Bookshop)
(ii) Sale of Inventory on credit $3,500 to Accounts Receivable- Murdoch College
on 1st June 2016.
(iii) Stationery purchased for cash $2 100 on the 1st June 2016.
Using the Framework definition explain why the following are liabilities.
(i) Accounts Payable – Publishers Ltd $5,500. The transaction giving rise to this was on the 15th June 2016. The business purchased $5,500 worth of Inventory on credit.
(ii) Electricity -Payable $550. The business used $550 worth of Electricity for April,May & June. The bill will be paid in August. It is now the 30th June 2016.
How is Equity defined using the “Framework”?
Dawson’s cleaning business had $1,000 worth of cleaning supplies on the 1st of June. On the 30th June 2016, there was only $300 worth of cleaning supplies on hand.
· (a)  Is this decrease in supplies of $700 an expense? Explain using the framework definition of an expense. 

· (b)  Would your answer be different if the cleaning supplies were taken for personal use by the owner? 

Letieri’s Plumbing did a job for a client on the 15th June 2016 and charged the client $500. The client paid their acco...


Financial Distress Prediction Using Z-Score

5279 words - 22 pages Assets, Current Liabilities, and Retained Earnings from the balance sheet, and EBIT along with Net Sales (Total revenue) from the income statement. By using Altman's Z-Score model, an excel sheet was developed (available on the CD) which contains standardized formulas of Altman.Case Study ConclusionBased on the calculation we can clearly see that Google Inc. is facing healthy financial stability. It is illustrated in the flow chart below:The

corporate finance Burberry and mulberry analysis - de montfort university - assignment

737 words - 3 pages Free current liabilities. It is important signal that Burberry’s capital structure significantly decline, the investor should evaluate whether company has enough funds to meets their debt(current) because of the wealth of shareholders. Beaver’s method benefit to stakeholders understanding because of he applied a univariate model in which a classification model was carried out separately for each ratio (Janer,2011). Conversely, it has a number of

Research topic on cost accounting - Michigan State University - Essay

4730 words - 19 pages income is often called the _____. a. banker’s best friend b. bottom line c. language of business d. core line (b; Easy)  38. _____ is/are the resources from which a company expects to gain some future benefit. a. Liabilities b. Owner’s equity c. Assets d. Capital (c; Easy)  39. The debt owed by a business to an outside individual or organization is called its _____. a. liability b. equity c. asset base d

Case Study Of Diferences Between US And UK Accounting

3885 words - 16 pages less easy to comprehend such as the US usage of the word 'property' which has slightly different meanings to that of the UK usage referring to real estate or real property.Under the UK GAAP, the balance sheet is analysed between a comparison net assets and shareholders' funds. However under the US GAAP, the analysis is between total assets and total liabilities plus shareholders' equity. Certain items which are disclosed in the notes under UK GAAP

Paper On My Ewa On Sainsbury's

2146 words - 9 pages " (Oxford Dictionary online). Growth should be in terms of assets, employees, expansion of business, new stores, equities, earnings per share. In this essay I would like to focus on Assets, Dividend per share and number of stores. Net Assets = Total Assets (tangible plus intangible) minus Total Liabilities (borrowings plus dues/outstandings). Dividend Per Share means a payment made by a company to its shareholder out of its profit annually.Source

Assignment On "Polling Day"

680 words - 3 pages Free Classification essay. The essay contains what groups of voters we have, the reasons for voting the way they do, and the consequences on society. Full five paragraph essay, supportive details and examples.Polling DayWhen it comes time to vote one can usually classify voters into three distinct groups. Each of these groups has their own reasons for voting the way they do. Not only do the groups effect the elections and laws, but also their long

lesson plan for ninth grade world history - edfn 2300 U.T. - hypothetical lesson plan

1147 words - 5 pages . Consider using Bloom’s Taxonomy or Webb’s Depth of Knowledge. Knowing Your Learners Describe pre-requisite skills students already know that will help them meet the lesson objective(s). What is your evidence that students need this/these skills(s)? This may include pre-assessment data; student personal, cultural or community assets you have gathered and observations you have made concerning your students. Assessment/Evaluation How will students

“What is the point of learning about risk and return if I am planning to be an accountant”. - afin253 - essay

1095 words - 5 pages information about assets, liabilities or capital. Therefore, they could get involve in forming the long term strategic goals for the growth of the organization. Having deep understanding about the risk and return for business could help accountants better analyzing the conditions which their companies are currently in the drive an appropriate strategy for future profit. In order to do this, an accountant has to brainstorm potential risk areas


1661 words - 7 pages starting point and the attestation are based on beliefs in religion. The last classification contains the arguments that have been put forward from the basis of moral principles.In the second part of this discussion, an attempt to analyse the arguments in order to establish whether they can be accepted as bona fide proofs will be given. Thus, each proposition will be investigated in terms of their legitimacy, and the criticisms they have been subjected

Criminology Skills Essay Outline - Griffith University, 1011CCJ Criminology Skills - Essay Outline

2077 words - 9 pages Page 4 Assignment 3 – Planning Document Essay Outline Due Date: 30th April 2018, 4:00pm. Monday of Week 8 Weight: 30% Student Number: Sophie Lemin Student ID: s5130224 Course Code: 1011CCJ Course Name: Criminology Skills Tutor Name: Anne Ferguson Question 1: All police should be required to have tertiary qualifications. Why/Why not? 1. Introduction: a. Claim: All police officers should be required to have tertiary qualifications. b. Grounds

Business Development - Business Plan Of ISP Company

5286 words - 22 pages 50,000Sub-total 250,000Product Development: 1,250,000Total CZK 1,500,000Table No.2 - Expenses8.2. Significant Assumptions8.2.1. Nature and Limitation of ProjectionsThis financial projection is based on sales volume at the levels described in the revenue section and presents, to the best of management's knowledge and belief, the company's expected assets, liabilities, capital, revenues, and expenses. The projections reflect management's judgment of

COPD on fundamentals -Respiratory Disease - Rasmussen College - Project

2614 words - 11 pages Rasmussen College, NUR2115- Fundamentals of Professional Nursing, Course Project Student Name Martina Dann Date: 2/8/2019 Clinical Site/Unit: __Crestview Lutheran Home Clinical Site Instructor: Cheryle Gehrke Patient Initials: H.H Gender: female Age: 93 Weight: 199.6 lbs. Height: 6’’ Baseline vitals (from patient chart) Date: 2/6/19 BP: 149/76 Pulse: 70 RR: 21 T/mode: 97.8(Orally) Pulse ox: 93% Your VS

Strategic Leadership

3463 words - 14 pages Financial Market Analysis FINC20007 Financial Market Analysis FINC20007 Executive summaryThis report presents discussion about the global financial crisis effect on highly globalised financial markets. It is representing the globalization and integration of financial markets, financial crisis, effects overview, critically analyzing the effects of financial crisis and finally remedial action. The conclusion of the essay clarifies some key points

Gender discrimination at workplace - English - Essay

2805 words - 12 pages the two societies. The men are the breadwinners and acquire assets and property. Women are expected to administer and manage the property acquired by the men. The male population was supposed to carry out all the outdoor work while the females carried out the indoor work (Hughes, 377). Stoic Hierocles, in his later publications, shows that there was very accurate differentiation of gender roles. The males were expected to take care of the market

adult health post operative case study - eidth cowan university - assignment

3912 words - 16 pages voiding of the infected tissues or bones in the ethmoid sinus that blocks the nasal track. (Icahn School of Medicine at Mount Sinai, 2017) The essay describes her pre and post-operative conditions, the nursing care provided postoperatively using a complete nursing care plan and guidelines. Furthermore, the postoperative education required for the patient including risks and potential complications are also mentioned, in addition to the