University | Murdoch university (MU) |
Subject | BUS285 Accounting Assignment |
BUS285: Permanent Press provides laundry services to hotels and hospitals. In a recent annual report: Accounting Assignment, MU, Singapore
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."
Tags:-
- Imagine that you are currently working for a precision medicine startup: Machine Learning Paper Review in Precision Medicine, Written Assignment 1, NUS, Singapore
- Go Business offers PSG solutions for enterprises in Singapore: Collective Intelligence and Entrepreneurship, Assignment 1, JCU, Singapore
- Design an ontology based on- Accidents can be categorised as chemical, electrical, fire, kinetic or liquid: Collective Intelligence and Entrepreneurship, Assignment 1, JCU, Singapore
- Project Control Monitoring, Assignment, HU, Singapore: Deliberate Project MONITORING AND CONTROL or PMC Identification
- DSM500: Final Project Report, Coursework 2, UOL, Singapore
- DSM080: Financial Markets, Assignment, UOL, Singapore: A grapefruit juice futures contract is for 15,000 pounds of frozen grapefruit juice
- DSM080: Financial Markets, Assignment, UOL, Singapore: The share price of a certain stock today is $42.50, and five-month European style call options with a strike price of $45 currently sell for $4.25.
- DSM080: Financial Markets, Assignment, UOL, Singapore: A trader who is working in the gold markets is able to borrow money at the interest rate of 7% per annum
- DSM080 Financial Markets, Assignment, UOL, Singapore: A dollar-based American corporation has decided that it will have to pay 6 million UK pounds in three months
- Principle of Finance Assignment, UCD, Singapore: National Gaming Inc. (National) operates the weekly lottery in the country
UP TO 15 % DISCOUNT