Exam based Return on Capital Employed Questions and Answers. Problem: A new production plant is available for purchase at a cost of 80,000. It is expected to have a useful life of 5 years with a salvage value of 10,000…
Question 1: Company A is considering a project that requires initial investment of Rs. 2 million. The finance manager believes that the project will generate future cash inflows of Rupees 30,000, 38,000, 25,000, 22,000, 36,000, 40,000, 40,000, 28,000, 24,000 and…
In order to trace out ambiguous entries, entities take support of Suspense Accounting. So, that it can find out the reasons and properly record the transaction. The role of this account came into play in two circumstances: when the accountant…
We have covered Cost of goods manufactured topic in detail previously. Keeping in view the demand of this topic in students, we are putting together some very interesting problems and solutions. Practicing these will increase your chances of passing exams…
Job Order Costing is an important topic in accounting. In most of the manufacturing sectors such as textile industry, all jobs are accounted for using this costing method. In large companies such as textile sectors, orders from customers are received…
Closing entries are required to be passed to ensure accounting records show true and fair view of the financial position of the company. Therefore, role of Closing Entries are very important. The following Closing Entries Problems with Solution will help…