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
- BMK311: Product Management Assignment, WOU, Malaysia Smart Home Technology was introduced in the early 2000s. Everyone in the world began talking about the Internet of Things
- OUMH2203: You are an English language trainer working for a multinational company in Kuala Lumpur, Malaysia: English For Workplace Communication Assignment, OUM, Malaysia
- Dalam usaha memartabatkan profesion keguruan, sejauh manakah permuafakatan komuniti: Pengantar Pengajian Pendidikan Assignment, UUM, Malaysia
- MPIS 7103 MANAGEMENT INFORMATION SYSTEMS
- Innovating Digital Systems and Services Course Work, APU, Malaysia You are expected to undertake an individual innovation project and to submit a project report to London
- Information Technology Case Study, UTP, Malaysia Students are given an article British Airways suffers data breach compromising information
- Which AI models are utilized for software defect prediction, and are there emerging models gaining traction?: Research Paper Malaysia
- Unit 3 – Strategic Management And Leadership, Assignment, Malaysia
- Land Law Assignment, TARC, Malaysia Given the number of formality rules which affect land law transactions, then the questions of whether formality is useful or useless
- BKAN1013: Basic Accounting Assignment, UUM, Malaysia Gurkha Consultancy Sdn Bhd is a company that provides consultation to entrepreneurs
