The appropriate journal entry to record machinery depreciation of Euro 1,000 is:

If the company receives an invoice for purchasing raw material, which of the following T-accounts will be affected by the transaction?

An investment company is looking to invest some money into our company. Where should the investment group easy look for relevant information about the company's performance?

The ACCRUAL basis of accounting records REVENUES when they are:

Collection of account receivable will

Find out the value of Assets if:

Liabilities = 5000 Euro 

and 

Equity = 1000 Euro

A company sells a Truck for 25,000 Euro at the end of year N+5. The Truck was purchased for 50,000 Euro with a useful life of 5 years and a residual Value of 15,000.

 What do you record on the income statement of the company?

A manufacturing company (like for instance FCA) will most likely have the heaviest investment in one of the following type of assets:

Import of merchandise from Canada for 50,000 Euro on credit. The transaction is carried out in Euro. Customs duties are 8,000 Euro, shipping costs are 3,000 Euro, VAT 20%.

What is the amount for the Input VAT entry?

Star company purchased a new machine for 70,000 Euro on the 1st of April, year N. There

were other 1,500 Euro incurred for installation, 2,000 Euro for testing to make sure that machine

works properly. The machine has 10 years of expected useful life. What is the balance of its accumulated depreciation at 31/12/N :