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
- Government Policy Assignment, UCSI, Malaysia Discuss and criticize the incorporation of sustainable development goals (SDGs) into the education system
- BBPW3203: Financial Management II Assignment, OUM, Malaysia Explain the defensive tactics that firms can use to resist hostile takeovers
- ENGLISH Assignment, OUM, Malaysia Trendy is a new line of skin-care products which use seeds, flowers and fruits as the main ingredients
- TBE101/03: Building Materials Report, WOU, Malaysia The Penang State Government announced the new Penang South Islands (PSI) development
- MC247: Interpersonal Communication Case Study, OUM, Malaysia Ashley is 17 years old. Her parents are frustrated by her selfish and destructive behavior
- BBUI3103: Employment and Industrial Law Assignment, OUM, Malaysia Differentiate between dismissal and termination and consider whether the grounds of dismissal and termination
- Food and Beverages at Southwestern University Football Games: Decision Making in Business Case Study UNM, Malaysia
- Management & Innovation Report, HWU, Malaysia Prepare a detailed report in terms of identifying the current innovation challenges of the organization
- BBCE1023: Principles Of Macroeconomics Assignment, CUM, Malaysia Draw the diagram that will explains the between households, firms, government and the rest of the world
- Marketing Management Dissertation, TU, Malaysia RedMart, HappyFresh, and Honestbee are a few names you probably have already heard of if you like having fresh
