FAR210: Discuss whether the above transactions on 1 August 2022 give rise to financial Vliability in the books of Tango Bhd: Financial Accounting 3 Assignment, UiTM, Malaysia
| University | Universiti Teknologi MARA (UiTM) |
| Subject | FAR210 Financial Accounting 3 Assignment |
4. On 1 August 2022, Tango Bhd bought inventories at RM75,000 (excluding
transportation cost of RM2,400) from JP Bhd. The company paid 10% of the value in cash upon the delivery while the balance will be paid in 30 days. On 25 August, the company paid all the outstanding amount to JP Bhd by cheque. However, these transactions have been recorded in the company’s book.
Required:
i. Discuss whether the above transactions on 1 August 2022 give rise to financial Vliability in the books of Tango Bhd.
ii. Prepare the journal entry to record the above transactions (Assuming that the company is mistakenly omit the above transactions from the record).
cta_quesion_2
Get Help By Expert
"Looking for the best assistance in FAR210 Financial Accounting 3 Assignment? Your search ends here! Embrace success with our services as the best assignment helper in Malaysia, providing unparalleled support as the best accounting assignment help in Malaysia. Malaysian students, invest in your academic future by paying for our expert guidance, ensuring a seamless path to triumph in financial accounting studies. Let us be your reliable partner in achieving academic excellence."
Recent Solved Questions
- AMCA5203: Basic statistics and research method Assignment, OUM, Malaysia The Assignment Is Intended To Provide Learners With The Opportunity To Grasp The Understanding Of Basic Concepts Of Statistics
- Entrepreneurship Essay, UUM, Malaysia What are the differences between managers and entrepreneurs, and why should entrepreneurs be concerned
- European Union Law Course Work, UOL, Malaysia In June 2020, the European Union adopted the ‘consumer protection’ directive. The Directive provides that consumers
- F79MA: Statistical Model Assignment, HWU, Malaysia Suppose that you are a trainee actuary working in the mathematical modeling team for a non-governmental organization that is rolling out a micro-credit scheme to support rural communities in developing countries
- CHE433 Thermodynamics Assignment, UiTM, Malaysia Velocity is an intensive property of a system and One kilogram of water at a temperature of 225°C and 500 kPa has a volume of 0.078405 m3
- Create your own physical education center, You can draw and color your floor plan in either 2D or 3D: Physical Development of Young Children, Essay, OUM, Malaysia
- MPU3223_v2: Tugasan ini direka untuk mengembangkan kemampuan pelajar untuk memahami kepentingan kreativiti: Keusahawanan II May 2024 Semester, Assignment, OUM, Malaysia
- Master of Energy Systems Assignment, UOM, Malaysia Conventional energy sources like coal, gas, and oil are rapidly depleting while the world energy demand is growing more rapidly
- PSY207: Social Psychology Report, UOT, Malaysia Your task is to “find a gap” in relation to one of these articles and write a proposal for research based on that gap
- BDGO4103: What are the differences between a person with extrinsic values and one with intrinsic values: Organisational Behaviour Gelagat Organisasi, Assignment, OUM, Malaysia
