BUS285: Permanent Press provides laundry services to hotels and hospitals. In a recent annual report: Accounting Assignment, MU, Singapore
University | Murdoch university (MU) |
Question 1
Permanent Press provides laundry services to hotels and hospitals. In a recent annual report, Permanent Press chronicled its contributions to community services over the past 10 years. The following excerpts illustrate the variety of services provided.
1. At a local festival, Permanent Press sponsored the event by providing T-shirts, stationery and office decorations featuring the company’s name and logo.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
2. In support of the ‘Clean Up Australia’ campaign in 2020, the company donated, and its employees planted, grevillea gardens in cities across Australia.
3. The company held a competition in which customers throughout Australia and New Zealand nominated their favourite children’s charities. Winning charities in the draw received a monetary donation from Permanent Press in the name of the customer.
4. Permanent Press executives often volunteer their time and resources to serve as role models and mentors to young people in Auckland.
Required
Answer the following.
(a) The entity assumption requires that a company keep the personal expenses of its employees separate from business expenses. Which of the activities listed above were expenses of the business, and which were personal expenses of the employees? Be specific. If part of the donation is business and part is personal, note which part is each.
(b) For those items that were business expenses, state whether the expense was probably categorised as an advertising expense, employee wages expense, grounds maintenance expense, or charitable contribution expense. You may use any or all of the categories.
Explain your answer.
Buy Custom Answer of This Assessment & Raise Your Grades
"Embark on success in BUS285 Accounting Assignment with our dedicated assistance! We proudly serve as your go-to for the best online assignment help in Singapore, ensuring academic excellence. Singapore students, invest wisely in your studies by paying for our expert guidance. Take advantage of our specialized expertise in providing an exemplary report writing service, designed to meet the specific requirements of your accounting assignments. Let our support be the catalyst for triumph in your academic pursuits."
- The Impact of AI and Machine Learning on Data Privacy in the Era of Big Data Essay : Com302 Web Analytics Murdoch Singapore
- Biomedical Device Innovation Need Statement Assignment
- BPM213 TMA01 January 2025 Presentation
- FCS A2 -Fundamentals of Computer Systems Individual Assignment PdF (KHEA) Singapore
- A2359C AY2024 Term 4 – Project Assignment
- BUS356 TMA Jan 2025 Semester-Negotiation Strategies and Approaches: A Case Study, Singapore
- BUS363 TMA01:Enhancing Operations and Service Quality in Ride-Hail Services| January 2025 Semester, Singapore
- HFS105 TMA01: Secularization Trends and Religious Resilience in Contemporary Society| January 2025, Singapore
- HFS105 TMA01:Critique of Sociotechnical Systems Contexts in Accident Analysis, Jan 2025 Singapore
- MTH316 TMA01:Analysis of Continuity, Derivatives, and Gradient Functions – Singapore Assignment Jan 2025
UP TO 15 % DISCOUNT