debit cash / bank 4500
credit asset 4000
credit profit 500
debit goods lost by fire 4000credit goods inventory 4000
Accounting EntrySalaries a/c xxxxxCash a/c xxxBank a/c xxx
Debit cash 4000debit furniture 10000Credit capital 14000
Apportioning cost means dividing cost between Expired cost (depreciated value) and Unexpired cost (not depreciated yet). Cost which is used or whose time period is over is expired cost which can also be called as expense now, while unexpired cost can be named as remaining book value. For example, Prepaid rent was paid in September for the coming 4 months was $4000. Now, at the end of September the expired cost will be $1000 (and will be recorded in income statement as expense) and Unexpired cost will be $3000 (& will be recorded in Balance sheet as an asset ). Entry at the start of September would bePrepaid Rent a/c $4000 (Dr)Cash a/c $4000 (Cr) Entry at the end of September would be Rent a/c $1000 (Dr)Prepaid Rent a/c $1000 (Cr)See here, the used up cost or you may say asset has been turned into an expense, mitigating the value of Prepaid rent with $1000. Suppose you are preparing Balance Bheet at the end of September, the $1000 will be recorded in Income Statement as an expense while the Remaining $3000 will be recorded as current asset in Balance Sheet.
assets must have decreased by 7000
debit goods lost by fire 4000credit goods inventory 4000
Accounting EntrySalaries a/c xxxxxCash a/c xxxBank a/c xxx
Debit cash 4000debit furniture 10000Credit capital 14000
debit advance cash 4000credit A 4000debit a 6000credit sales revenue 6000
The answer is 30 m/s
750 million
4000% of 4000 =4000/100 * 4000 =160,000
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4000 yrs
There's really no telling. Anything from +4000 USD for a custom build to a couple of hundred for a used, entry-level bike.
4000
4000 times 4000 = 16,000,000