Accounting interrogate :?
An asset whose written down effectiveness (cost smaller number depriciation) within files of the firm is zilch. However the asset is tremendously much within use and this asset get destroyed by fire. The firm lodges its claim beside the Insurance co. for the said asset at 100000/-.What will be the accounting entry for :
1) Loss of the asset by fire ?
2) Insurance claim lodged/ receivable ?
The firm next on replaces the destroyed asset by purchase of a exotic asset whose cost is 150000/-.
What will be the accounting entry for the alien asset purchased vis-a-vis the lost asset?
Answers: Since the asset is destroyed, you enjoy to remove it from files. Since the nbv is nil, the cost must be equal to the accumulate depreciation.
Dr Accd depn xxx
Cr Asset at cost xxx
Assuming the insurance co. agrees to reimburse you 100,000,
Dr Insurance claim receivable 100,000
Cr Insurance claim income 100,000
When you purchase the tentative asset,
Dr New asset at cost 150,000
Cr Cash/A/cs payable 150,000
I am not sure any own I answer.
the book utility of the asset is nought - treated as fragment and the income from the square asset (i.e., insurance claim) is miscellaneous income from the speck asset. Entry for foreign asset as usual purcahse of contemporary asset.
Receipts from insurance co. will be income.
New assest will be fresh entry.
I feel the answer for 1) loss of the asset by fire
Debit to Acc. Depreciation - xxx
CR. Asset (at acq. cost) xxx
to bring out the cost and acc. depreciation contained by paperwork of the company due to fire.
2) Insurance claim, the entry would be:
Dr. Insurance Receivable 100,000
Cr. Miscellaneous Income (100,000)
to dictation the claim from insurance
3) Asset purchased worth 150,000, entry later be:
Dr. Assets 150,000
Cr. Cash (150,000)
to text purchase of asset.
The book pro of the asset is nothing and as a consequence at hand stipulation not to pass by any book entry.
Machinery A/c Dr. 150000
Bank A/c Cr 150000
(cost of machinery purchased)
Book efficacy of the machinary is nought in consequence no have need of to pass by any entry for loss of the asset by fire.
No entry for claim lodged/receivable during the year. Simply a write down mentioning the lodgement of claim should be added within record on vindication.
When the claim will be settled the amount recieved will be credited to profit and loss report.
On recei
Answer:-
1. Set rotten the Intial Value beside Accrd Depr. :-
Dr. Accrd Depr xxxx
Cr. Machinery xxxx
2. Misc. Income on Insurance Claim : -
Dr. Insurnance Receivable 100,000
Cr. Misc. Income on Insurance Claim 100,000
3. Acquisition of exotic Asset : -
Dr. Machinery A/c 150,000.00
Cr. Cash/Vendor 150,000.00
Just Simple.......
Dr insurance claim lodged / receivables
Cr revenue
Dr bread
Cr insurance claim lodged / receivables
Single Guy: What is the best passageway to liberate on food expenses?
Hi everyone. I'm a single guy and I'm trying to cut pay for paid for by the office so I'm ahead of the hobby when I procure married. Anyway, I be budgeting the other morning and discovered that I spend the most amount of money on food expenses per month. About $15~$20 per morning. I don't mind cooking but remember I'm single so I merely want to label things that are confident to cook and something that I don't own to extremity up intake for an entire week. I discern that going to the grocery store and getting veggies is a spend in dribs and drabs because I can't use them adjectives up by myself. Does any enjoy any tips on ways to recover here? To break item down here's what I usually spend:Breakfast- $2.50
Lunch - $7.00
Dinner- $8.00
Snacks - $1.00
Answers: a couple of hints from my experience
run halves beside someone. sharing the expenses allows you to buy contained by bulk and recover. if you live near someone ask if they will be in motion halves, and whip turns cooking.
cook contained by bulk using pasta and meat and vegetable content and a pasta make for great but simple ingestion.
cook pizzas which you can embezzle around near you for snacks, lunches and are great hot or cold
for snacks - buy fresh fruit - it's well again and collectively cheaper. better however buy fresh surrounded by bulk or from the market where on earth produce is sold direct from the grower. and simply go and get them when you inevitability to bring back them.
buy cheap meat within bulk and throw it contained by the freezer.
shop at different outlets and compare your grocery bill. you might find one shop is cheaper contained by one product but more expensive surrounded by another.
other save a couple of plenty of frozen vegetables. Steam them, don't boil them though.
don't be afraid to be generic brand products because habitually these are purely as right and made contained by duplicate factory/supplier.
procure some recipe sour the internet or at a bookshop. here are tons you can take involving 4 ingredients.
only some thoughts.
Frozen dinners. You can usually find them for smaller amount than $2 respectively. Buy contained by bulk.
Pack your lunch (bread, meat, cheese, lettuce, tomato) and you'll spend more approaching $7 for 3 or 4 days.
Prepare as much as you can at home for your own consumption. Eating out will devour you up!
I hold a rule: I just allow myself to munch through out simply once a week, unless it is business related. I other took my lunch to work (sack lunch: sandwich and/or leftovers).
Snacks---take them extra contained by your lunch. (I used to buy bulk peanut butter and crackers at the "dollar store" and brought extra for snacks during the year.) Likewise, soft-drinks from vending machines will really run into money. Bring soft drinks from home, any contained by a can or within a container, or something similar to lemonade contained by a resealable plastic bottle, similar to a Gatorade bottle. I don't really mind drinking a soft drink as long as it is somewhat cool, right to be heard kept contained by an airconditioned room adjectives light of day. And immediately I buy can apricot or peach nectar that I don't mind drinking at room heat. (I procure the cheap ones---3 for a dollar, and better than sodas anyhow!)
Supper, you don't hold to bring back fancy. I hold pear trees, peach trees, plum trees, lemon trees, and a tangerine tree. None of that will manufacture a feast, but can be sector of one. I grow a veggie garden. A single personality can do slightly economically by newly growing veggies surrounded by the flower bed: (spring/summer) tomatoes, bell and other pepper, eggplants, zuchinni, snap beans, beans (like lima beans and butter beans) and summer squash are adjectives genuine jammy to grow; (fall) radishes, turnips (for greens and turnips), beets, cabbage, mustard greens, collard greens, spinach. Plant from nut packet for healthiest plants.
Breakfast: You can win by near in recent times fruit. (Also, lunch can be in recent times veggies and fruits. I sometimes acquire through lunch on a short time ago an avacado, next to for a moment lemon liquid mixed into it as I devour it. Maybe a tomato quarter up and brought for lunch beside the avacado. If you insist on complete protein surrounded by the lunch dinnertime, bring a sandwich made next to cold cuts, or a pbj. Oh, I live surrounded by Texas, and almost every year pick hundreds of pounds of pecans from my own trees. Nuts are incredibly wholesome for breakfast and lunch.)
Part of the switch to drinking cheaply is not what collation can be bought cheaply, but what foods you can return with cheap or free!
To distribute a bag to brazil?
my friend surrounded by brazil requirements this magazine call rip tide because they dont enjoy it over within and im going to dispatch him possibly a hurley tshirt im not sure on the other hand but i be wondering how much it will cost to distribute give or take a few??Answers: Where are you sending it from? If you are sending it from the UK, depending on the weightiness, it might cost roughly lb5 or something.
http://fedex.com/ratefinder/home?cc=US&l...
you're going to necessitate a textile report for the t-shirt if you want it to go past customs, You can flood out this sheet somewhere you drop sour your bunch. You'll also entail to imbue out a rag call a commercial invoice this treatise will own adjectives the information on it so the customs those will properly process your bag clear sure you include:
1. your identify and address,
2. the clients cross and address,
3. the description of adjectives items within your box and the country where on earth they be made
4. mass of shipment
5. significance of adjectives items surrounded by your pack.
If the total advantage is above $200, you will also necessitate a broker. but for what you are sending I would not verbs just about it.
Hope this help,
What's the difference between a hill cheque and a personal cheque?
is it that a mound cheque won't bounce and it is cleared contained by a shorter time or what?Answers: A mound check you will donate the ridge the money, by change or check, they issue the check to whom you are giving it too. A personal check comes directly out of your checking article.
A dune check is a check you use within the presence of a bank clerk to annul your own money,and cannot be written to a second f¨ēte unlike a personal check
Finance grill for 10 points?
I cant seem to be to carry this review interrogate correct, can someone please help out?Prove mathematically, that when a semi-annual coupon bond beside 10% coupon and YTM is valued at par, it also have like frontage appeal. The bond mature surrounded by 20 years. Use and regroup the bond formula to enter adjectives the values and solve for Face Value.
Answers: I am sure that you mispoke when you said a 10% semi-annual coupon and YTM, because you can't own both. A 10% semi-annual coupon bond beside a 10% discount rate will be at a premium to par.
A 10% ANNUAL coupon bond beside a 10% YTM will be priced at par.
How much money does the organization product per year?
Answers: It does not brand money, it collects it. And the answer is still 'agency too much'.
GDP (purchasing power parity):
$13.06 trillion (2006 est.)
Budget:
revenues: $2.407 trillion
expenditures: $2.655 trillion; including wealth expenditures of $NA (2006 est.)
Do you regard as the Canadian dollar will continually rise or will it drop stale next?
Answers: i have a sneaking suspicion that it will zenith speak around $1.06 and will leisurely fall over hindmost to $.96-$.99 U.S. and will remain that approach
Just my belief
Why are some free websites worth so much money?
Why are some websites worth so much money?For example, Facebook is worth approximately $17 billion. How is this possible? If users are not paying for anything to use the site, how does Facebook form money? I know they can form money stale of advertisement but indubitably not $17 billion worth.
Anyone assistance to explain?
Answers: Facebook have millions of moving users. This substructure creates plenty of advert revenues. The company may not create 17 billion a year, but it may put together 5 or 10% of that. So relatives will pay cheque 17 billion for it base on how much the site is making immediately, and achieve a return on their investment. They might also include the possibility for adjectives growth surrounded by site size, and accordingly revenues.
Ad revenues are strictly suitable money if your site have a roomy number of company.
Websites such as myspace and facebook are worth so much because sponsors rate the site to use their advertisement to attract nation to anything they are trying to deal in. And for sites near 100 million users, abundant citizens will interest these ad.
No money and gorgeous shoes?
i'm 15, too young-looking for a errand, we own no money right very soon and i havent gone shopping surrounded by probably 7 months which is humane of strange for me, and at hand is a duo of shoes calling my baptize. im not spoiled or anything, i live surrounded by a townhouse contained by a crappy suburb and both of my parents are programmers. but my mom loves to splurge so i get mode of used to going shopping every few months or so. and i havent go for a while and i'm dying to acquire these shoes :(are nearby any job for 15 year olds? cant i work at barnes and patrician or something?
Answers: I have an idea that it's a great opinion that you find a employment so you can buy shoes or what ever. It's an excellent opening to swot that money doesn't come that undemanding and you will appreciate the things you buy more.
At 15 you might be capable of procure a opportunity contained by nifty food or at the precinct. Laws swing from state to state. But you can alway babysit to earn money. Or peculiar job around your neighborhood -- mow grass, rake leaves, shovel snow, stroll dogs, swab cars. valet window, etc. You could collect alum can -- I know someone who only just made $75 collecting can for a few months.
eve, i meditate you should whip this time to find a correct perspective on how you judgment money, objects possessions, and instant gratification. why would you consider getting a situation newly to afford some shoes? savour your non-working years. whip this as a fate to initiate yourself that you can snag gratification to increase your aspect of enthusiasm. explanation, is a duo of shoes worth giving up your free time next to friends, your time to do homework, or your weekends? i would assume that they are not. sure, they are cute shoes, but if you start behave in a minute as though wanting something should equal have it right immediately, after you are setting yourself up for financial misery and debt. swot up from your mom's unpromising behaviour and authorize your propensity for alike. you're merely assignment right immediately is institution. hang on to it that instrument.
Where can I find free motivational presentations?
Answers: Gospel Church (also NLP) etc.
Stoplight construction. Need abet, 'cuz I obligation to find out the cost for my 'mock congress' bill!!!
Okay.For my civics class, we enjoy a mock congress. My bill is puting within stoplights surrounded by this dicey four-way stop.
I obligation to find out the price for construction and electric wiring and stuff close to that.
Can you plz interconnect me a website or bestow me correct calculation plz?
Also enjoy a Halloween ploy for ya while you serve me. =)
This kid beside a speech impediment go trick-or-treating.
He comes to this house and say, 'bick or lick!' the woman asks, 'oh, and what are you for halloween?' the kid answers, 'a birate'. 'oh, and where on earth are your buckeneres?'. the kid say, 'on my buckin lead.'
LOL, moral luck, and thankfulness if u minister to me.
10 pts. for the lucky aide entity! =)
Answers: Something that you should be research within your civics class is the difference between local and federal management. Congress runs the federal governing body. Decisions to put contained by stoplights are made by the county, local, or state administration. Congress does not involve itself contained by stoplight decision (yet).
460,000 for a four style...this includes electrical system but not sure of how much electricity or repairs would cost over a projected amount of time....
Business STUDENTS/MAJORS....i entail your back?
Ok. So I'm currently a Sophmore surrounded by HS, and i started buying wholesale and re- selling a couple things approaching shirts, hoodies, clothing on sites approaching ebay and craigslist, etc to net a profit.I really fell within love beside it. I miserable, i certainly enjoy it. Everyday after college, I be looking forward to selling stuff.
Now, i suggest i'm pretty sure what i want to through contained by is BUSINESS.
but, my sound out is, what TYPE of business should i key surrounded by, that I WOULD BE ABLE TO WORK FOR A LARGE COMPANY, CORPORATION, DOING BUSINESS AND SELLING THEIR PRODUCTS (I'M NOT TALKING EBAY HERE), I'M TALKING SITTING IN THEIR COMPANY OFFICE IN A DESK AND BUYING AND SELLING, AND MANAGING THE COMPANY.
Answers: Look into Information Technology Management
you can do nonspecific business regime and as you progress on you can pick a specialty close to nouns, operation, HR, managment etc.... And if you want to be a big exec soon you'll own to turn for your MBA or Masters surrounded by a specific pasture similar to taxation.