Upload
tutorhelpdesk
View
244
Download
0
Embed Size (px)
Citation preview
7/26/2019 Accounting Assignment Help Online
1/8
Accounting Assignment Help Online
Tutorhelpdesk
David Luke
Contact Us:
Phone: (617) 807 0926
Web:http://www.tutorhelpdesk.com
Email: [email protected]
Facebook:https://www.facebook.com/Tutorhelpdeskonline/
Twitter:http://twitter.com/tutorhelpdesk
Blog:http://tutorhelpdesk.blogspot.com/
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
http://www.tutorhelpdesk.com/http://www.tutorhelpdesk.com/http://www.tutorhelpdesk.com/mailto:[email protected]:[email protected]://www.facebook.com/Tutorhelpdeskonline/https://www.facebook.com/Tutorhelpdeskonline/https://www.facebook.com/Tutorhelpdeskonline/http://twitter.com/tutorhelpdeskhttp://twitter.com/tutorhelpdeskhttp://tutorhelpdesk.blogspot.com/http://tutorhelpdesk.blogspot.com/http://tutorhelpdesk.blogspot.com/http://tutorhelpdesk.blogspot.com/http://twitter.com/tutorhelpdeskhttps://www.facebook.com/Tutorhelpdeskonline/mailto:[email protected]://www.tutorhelpdesk.com/7/26/2019 Accounting Assignment Help Online
2/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
About Accounting Assignment: Accounting requires
analytical skills to resolve problems in proper and efficient
manner. It generally produces financial statements showing
economic resources in monetary terms under managements
control. Accounting students often encounter errors while
solving accounting problems in making income statements and
balance sheets. The credit-debit confusion will always be there
at the initial stage of learning accounting. To make complex
things simple we have introduced our accounting
assignment help online service which takes care of any assignment problem. Its a
streamlined approach to help students learn accounting and understand how a problem is
solved.
We provide accounting assignment help in financial statements; cost behaviour analysis,
sensitivity analysis. job costing, overheads, depreciation, process costing, activity-based
costing, inventory valuation, budgeting etc.
We provide basic to advance accounting assignment help for all students starting from high
school to post graduate level. This covers management accounting, financial accounting and
cost accounting. For more help with accounting assignments you can simple upload your
task with all necessary details on our website.
Sample of Accounting Assignment Illustrations and Solutions:
Question 1:
Prepare the Subscriptions Account from the following items for the year ending on 31
March 1993:
$
(i) Subscription in arrear on 31 March 1992 500
(ii)Subscriptions received in advance at 31 March 1992 for 1992-93 1,100
(iii)Total Subscriptions received during 1992-93
(Including $ 400 for 1991-92 , $ 1200 for
1993-94 and $ 300 for 1994-95) 35,400
(iv)Subscriptions outstanding for 1992-93 400
http://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.htmlhttp://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.htmlhttp://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.htmlhttp://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.htmlhttp://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.htmlhttp://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.htmlhttp://www.tutorhelpdesk.com/homeworkhelp/Accounting-Assignment-Help.html7/26/2019 Accounting Assignment Help Online
3/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
Solution:
Subscriptions Account
1-4-1992 $ 1-4-1992 $
Balance b/d 500 Balance b/d 1,100
Income and Expenditure Cash 35,400
Account (Balancing Figure) 31-3-1993
31-3-1993 Balance c/d (400 + 100) 500
Balance c/d 1,500
37,000 37,000
7/26/2019 Accounting Assignment Help Online
4/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
Question 2:
From the following particulars, prepare the Income and Expenditure Account of the Central
Sports Society for the twelve months from April 1998 (date of inception) to 31 March 1999:
Received Outstanding onOr Paid 31 March 1999
$ $
Subscriptions from members 46,000 -
Subscriptions from affiliated
Societies 14,000 2,000
Life Subscriptions (10 years) 20,000 -
Gifts received 30,000 -
Interest received 1,600 -
Committee expenditure:
Executive 15,000 2,000
Planning 14,400 6,400
Tournament 4,200 1,200
Printing, Postage and Stationery 11,400 1,600
Office Furniture 20,000 -
Investments Purchased 30,000 -
7/26/2019 Accounting Assignment Help Online
5/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
Solution:
Central Sports Society
Income and Expenditure AccountFor the Year Ending 31 March 1999
Expenditure $ Income $
Committee Expenditure Subscriptions from Members 46,000
Executive: 15,000 + 2,000 17,000 Subscriptions from Affiliated
Planning: 14,400 + 6,400 20,800 Societies 14,000
Tournament: 4,200 + 1,200 5,400 Add : Outstanding 2,000 16,000
Printing Postage and Life Subscription 2,000
(1/10 of $ 20,000)
Stationery (11,400 + 1,600) 13,000 Gifts Received 30,000
Excess of Income Interest Received 1,600
Over Expenditure 39,400
95,600 95,600
7/26/2019 Accounting Assignment Help Online
6/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
Question 3:
The financial position of Young Sports Club at 31 December 1998 showed the following:
Premises (at cost) 40,000 subscriptions in arrears 400
Furniture valued at cost 5,600 Subscriptions for 1991,
Investments 5% received in advance 200
Government Stock (at cost) 2,000 One quarters rent of
Sports Equipment valued at 2,000 land in arrear 250
Stock of Refreshment 520 Creditors for
Cash and Bank Balance 530 refreshment supplied 380
The cash book for the year to 31 December 1999 shows:
Receipts $ Payments $
Balance in hand b/d 530 Rent of land 1,000
Subscriptions 7,250 Wages 3,500
Sale of refreshments 4, 150 Purchase of Sports
Sale of dance tickets 1,550 Equipment 1,200
Investment interest 100 Purchase of refreshments 2,140
Dance expenses 760
Secretarys expenses 720
Investment 5% Govt. Stock 1,000
Balance c/d 3,260
13,580 13,580
You are required to prepare the Clubs income and expenditure account for the year ended31 December 1999 and a balance sheet at that date, after taking into account the followingpoints:
(i) There were no stocks or refreshments at 31 December 1999.(ii)Wages of $ 200 were due but unpaid at 31 December 1999.(iii)Depreciation is to be provided on the furniture $ 500.(iv)The sports equipment was valued at $ 2,900 on 31 December 1999.(v)The investments were purchased on 31 December 1999.
7/26/2019 Accounting Assignment Help Online
7/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com
(vi)Subscriptions received during 1999 include $ 250 subscriptions in advance.
Solution:
Young Spots ClubIncome and Expenditure Account For the Year Ended 31-12-1999
Expenditure $ Income $
Rent 1,000 Subscriptions 7,250
Less : Outstanding for 1998 250 1,000 Add : Received in advance
750 in 1998 200
Add : Outstanding for 1999 250 1,000 7,450
Wages 3,500 Less : Due in 1998 400
Add : Outstanding 200 3,700 7,050
Refreshments : 2,280 Less : Advance for 2000 250 6,800
(520 + 2,140 380) Sale of Refreshments 4,150
Dance expenses 760 Sale of Dance tickets 1,550
Secretarys expenses 720 Interest on Investments 100
Depreciation on Sports equipment 300
(2,000 + 1,200 2,900)
Depreciation on Furniture 500
Excess of Income over Expenditure 3,340
12,600 12,600
7/26/2019 Accounting Assignment Help Online
8/8
Tutorhelpdesk
Copyright 2010-2016 Tutorhelpdesk.com