ACC210: Financial Accounting - Himalaya Ltd Operates - Riyaz Ltd - Financial Accounting Assignment Help

Internal Code: 1AJIDC

Financial Accounting Assignment Help

TASK1 Himalaya Ltd operates a café and gift shop at Mount Tamborine in the Gold Coast hinterland. You are the accountant for the company and the following items relate to the year ended 30 June 2018: $20 000 cash was stolen from Himalaya Ltd.’s night safe The court has ordered Himalaya Ltd to repair the environmental damage it caused to the local river system. You have no idea how much this repair work will cost. Himalaya Ltd receives a donation of $10 000. TASK2 Riyaz Ltd has acquired a new machine which it has had installed in its factory. Labour and travel costs for managers to inspect possible new machines and for negotiating for a new machine. Freight costs and insurance to get the new machine to the factory. Costs for renovating a section of the factory, in anticipation of the new machine’s arrival, to ensure that all the other parts of the factory will have easy access to the new machine. Cost of cooling equipment to assist in the efficient operation of the new machine. Costs of repairing the factory door, which was damaged by the installation of the new machine. Training costs of workers who will use the machine.