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International Accounting Standards

   

Added on  2020-01-28

10 Pages1414 Words54 Views
Issues in Financial Accounting

Table of ContentsASSIGNMENT 2.............................................................................................................................4QUESTION 1..................................................................................................................................4a) Journal entries as per AASB 116.............................................................................................4b) AASB 116 and AASB 136......................................................................................................5c) Other assessment undertake by cisco......................................................................................6QUESTION 2..................................................................................................................................6A.Appropriate Journal entries for Ajax Ltd for the year of 2012, 2013 and 2014...................6B. Journal entries for accumulated depreciation.........................................................................7C. Explaining the reasons for impairment...................................................................................7D. Presenting the amount of plant and equipment in balance sheet............................................8QUESTION 3..................................................................................................................................8Interpreting the technical requirements and importance of international accounting standards.8

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