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
- BAO2203: Corporate Accounting Assignment, VU, Malaysia Consolidated Financial Reporting The purpose of consolidated financial statements is to ‘present the financial affairs of a parent company
- MGT506: Leadership & Organizational Behavior Assignment, NUN, Malaysia Venus Tyres is a major regional player in the motorcycle industry with operations in five countries in South East Asia
- BBF305/03: Investment and Portfolio Management Case Study, WOU, Malaysia You are in a senior management position in a leading international funds management firm
- Project Management For IT Case Study, UiTM, Malaysia In his twelve years as a technology project manager at A&D High Tech, Chris Johnson had a strong track record of delivering projects
- Final Year Project Report malaysia To examine the two-way inflation-growth nexus across CPI sectors of Malaysia
- BBF30403: Millie started a small business selling organic vegetables 10 years ago. Her business has grown to a bigger scale: Corporate Finance Assignment, WOU, Malaysia
- SFUF0393: Fundamental in Psychology Essay, UIU, Malaysia Discuss the basic psychology of human behavior. Apply the appropriate reasoning processes in arriving at conclusions
- MKT539 Brand Management, Report, BCU, Malaysia Product Strategy Features, Quality, Style and Design, Packaging and Labelling, After marketing
- Digital Copyright Law Essay, UM, Malaysia Tonton video bertajuk ‘Girl Raised by a Robot to Escape But Soon Finds the Truth About the Outside World’ oleh
- PKK5901: Evaluation of Dissertation Proposal, first phase by supervisor and examiners: DISSERTATION Assignment, UPM, Malaysia
