Accounting: set 3
10 questions. Click an option: a correct answer turns green, a wrong one red, and an explanation appears.
A wholesale trading firm sold goods from its warehouse to a customer. With what journal entry is the cost of the goods sold written off?
A confectionery factory released part of its finished cakes from the warehouse to display them at an exhibition at a trade fair. What journal entry is made?
Chairs made in a furniture workshop were received into the warehouse at actual production cost. What journal entry is made under NAS No. 21?
Under NAS No. 19, at least how often must fixed assets be inventoried?
Gulzor dekor had received an advance payment (6310) from a customer. The customer did not take the goods, did not ask for the money back, and the advance was not used during the limitation period. How is the advance amount written off?
Temirchi servis sold a machine tool with an initial cost of 40 000 000 soums and accumulated depreciation of 25 000 000 soums to a buyer for 22 400 000 soums including VAT (VAT 12%). All entries were passed through 9210. What is the financial result of the sale and the entry closing it?
Because a defect was found in fabric it had sold, Ipak yo'li tekstil gave the customer a price discount, and the customer's debt was reduced by that amount. What journal entry is made?
Bahor kosmetika LLC shipped goods to a customer, and the customer returned them under the contract; the customer's debt for that amount (4010) was cancelled. Under NAS No. 21, what journal entry records the value of the returned goods?
The "Oq oqim" dairy obtains cream and skimmed milk simultaneously from the same raw milk. Costs up to the split-off point are 40 000 000 soum. Output: cream 1 000 kg (expected proceeds 30 000 000 soum), skimmed milk 3 000 kg (expected proceeds 20 000 000 soum). Under the method based on sales value at the split-off point, how much cost is allocated to the cream?
The foreman of the factory's repair workshop (auxiliary production) spent more than the advance he received for spare parts and submitted an expense report. What journal entry records the company's debt to the foreman?