Advanced Financial Accounting - mid fall 25

Setncster: Fall 2025 Time: 1.5 Ilours Co urse Code: ACT-405 Section: 62-A Daffodil International University Faculty of Business and Entrepreneurship t)epar'tnctlt of Rusiness Advuillis[ration Program: BBA Examinaiion: Mid Term Full Marks: 25 Course Tide: Advanced Financial Accounting-I Teacher's Name: DSFA Brtsv.•er an the (a) Explain the reasors why a lessee prefers to enter into a lease agreement. ICLO l, Level 21 [21 [CL02,Leve121 131 (b) Explain the capitalization criteria for the lessor. Qtrs.': Arhaan and Rohan entered into a joint venture to construct three flats in a building, each having a contract price of Arhaan contributed Tk. while Rohan contributed and the total amount was deposited into a joint bank account. The project expenses included the purchase of raw materials of Tk. 1 salaries ofTk.50,000, an engineer's fee of and other expenses of Tk.15,OOO. Arhaan supplied additional raw materials of Tk. 10,000. Rohan was entitled to a commission of 3% on the cost of raw materials available for use. Two flats were sold at contract price, and the third was taken by Arhaan at cost plus 2% profit. Profits and losses wete to be shared between the co-venturers in the ratio Of 2: l. Instructions: Use the above information in preparing the journal entries and necessary ledger accounts. ICLO 3, Level 3] [5+51 Ehen Of Dhaka sent 500 cases of medicine of Tk.3,000 per case to Ramin of Netrokona on consignment basis. He paid Tk.6,500 as transportation, Tk.3,500 as packaging expense, and Tk.l ,000 as insurance expense. The consignee reported that 400 cases Of medicine were sold at Tk.4,500 per case and he paid as forwarding agent's expenses and as unloading expense. The consignee was entitled to receive 2% commission on sales. The consignor received cash of from consignee. Instructions: Examine the information in preparing the journal entries and necessary ledger accounts in lhe books of consignor. 1 ICLO 3, Level 41 15+51