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
- Unit 3 – International Marketing Management, Assignment, Malaysia
- NBNS3224: Obstetric and Gynaecology Assignment, OUM, Malaysia Madam M, aged 28 years, is a primigravida of 12 weeks gestation. She was admitted to the ward because of threatened
- UNIM513: Research Methodology Assignment, UTN, Malaysia Design quantitative, qualitative, and mixed methods approach research
- Common Law and Reasoning Course Work, UM, Malaysia “The near absence of women and Black, Asian, and minority ethnic judges in the senior judiciary is no longer tolerable
- Law Equity & Trust Assignment, IIUM, Malaysia Leo Pedersen and Calvin Pedersen are brothers. In 2010, Leo left his job to set up Viking Oak Software Ltd
- Crypotography Course Work, UPM, Malaysia What is the MAC address of the web server? What was the attacker trying to achieve with this action
- IWK 201 ASSIGNMENT 1: RAW MATERIALS & COATING CHEMISTRY UNIVERSITI SAINS MALAYSIA
- OUMH2203: You are an English language trainer working for a multinational company in Kuala Lumpur, Malaysia: English For Workplace Communication Assignment, OUM, Malaysia
- Programming Principle and Techniques Assignment, UIU, Malaysia You are working as a software engineer in a retail company named Auni Store Sdn Bhd. Your manager asked you to solve a programming
- BAC305: Sun Berhad acquired all the shares in Moon Berhad on 31 December 2022 for a cost of RM900,000: Company Accounting Reporting Assignment, WOU, Malaysia
