HA1020 Accounting Principle

a)Discuss two (2) internal controls used for the management of cash.
b)Provide examples of how the controls in a) are applied in business.

For each of the following accounts listed in the table below:

a)Indicate in the table below whether the account is a nominal (temporary) account or a real (permanent) account.

What is the normal balance of each of the accounts? Indicate in the table below

Murrays Ltd. purchased a new bus for $200,000. The company expects the bus to be used for trips between Sydney and Canberra for 10 years, or 800,000 miles, with an estimated residual value of $30,000 at the end of that time. During the second year the bus was driven 96,000 miles. Calculate the depreciation expense for the second year using each of the methods below.  Show your workings.

II.Diminishing balance at 20% p.a.


Pressed for time?


Hire a skilled expert and get original paper for 3+ hours now

More Similar Essays

White’s The Clash of Economic Ideas

Pick one of the topics to write a 6 page paper on. Please use citations and quotes mentioned in the topic you chose (An Outline of the history of Economic Thought by Screpanti or The Clash of Economic Ideas by White). 1. Screpanti/Zamagni in chapter 12 provide a host...

read more


1. Wright a summary of content and methods used in the chronological development of metaphysics. 2. Choose a philosopher from the ancient, medieval, or modern period then discuss and compare his distinct metaphysical teaching and method with Martin Heidegger (a...

read more

EXAM 4 History

5 short answer questions 2 essay questions. This exam covers Chapters 13-16 in the textbook.George Brown Tindall and David Emory Shi, America: A Narrative History (11th Edition, Volume 1) ISBN # 978-0-393-66893-3Joshua D. Rothman, Reforming America, 1815-1860. ISBN #...

read more