MBS544 Accounting Process Assignment Help
Question
MBS544: Students enrolled in the course Accounting Processes at Murdoch University, Business School, Australia are required to attempt and provide answers to the two questions asked in their assignment related to accounting problem solving, keeping a word count of 1000 – 1500 words for each question.
Solution
For this group Accounting Processes assignment help, our academic experts at Online Assignment Services provided in-depth and accurate answers to the two questions asked in the assessment along with providing the working of the solution as per the requirement.
Read the snippet of the accounting assignment help solution we provided to students at OAS!
It is important to note that the provided sample solution is only for guidance purposes!
Solution 1a
In this solution for the accounting assignment help in Australia, our academic experts at Online Assignment Services prepared a schedule with two columns, one for ‘Control account balance’ and another for ‘Physical count’.
For the solution to this question, our PhD experts added and subtracted the relevant inventory items that are to arrive at the closing balance for inventory in each column.
Solution 1b
In this section, our experts provided journal entries necessary on 30 June 2023 to correct any errors and to adjust inventories.
Solution 1c
In this section, our academic experts defined the term ‘net realisable value’. They also provided the source of evidence the company can use to determine net realisable value.
Solution 1d
For this section, our experts identified three reasons as to why net realisable value may fall below cost. They also suggested the action the company should take at year-end if some of its inventory items have declined in value while other inventory items have increased in value.
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Solution 2a
For this question of the assessment, our experts prepared journal entries to record the transactions and events for the reporting period that ended June 2024 in relation to office buildings, turf cutters, water desalinators, and irrigation equipment.
Solution 2b
In this section, our experts defined what choices of measurement model exist after assets are initially recognised.
Solution 2c
For this section, our experts elaborated on why should an entity consider changing to an alternative measurement model.
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