| University | Murdoch University (MU) |
| Subject | BUS285: Accounting Assignment |
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.
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.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
Native Singapore Writers Team
- 100% Plagiarism-Free Essay
- Highest Satisfaction Rate
- Free Revision
- On-Time Delivery
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.
Stuck with a lot of homework assignments and feeling stressed ? Take professional academic assistance & Get 100% Plagiarism free papers
Get Help By Expert
Ace your accounting assignments at Murdoch University (MU), Singapore with our expert help. Our dedicated Accounting Assignment Writers specialize in BUS285, providing top-notch GBA support. Simplify your academic journey with our trusted Assignment Help in Singapore. Pay our experts and excel in your coursework.
Answer
Looking for Plagiarism free Answers for your college/ university Assignments.
Recent Solved Questions
- Investment Finance Assignment
- BPM113 Construction Technology Tutor-Marked Assignment One July 2025 Presentation
- QSM202 Construction Measurement (2 of 4) Architectural and M&E Works Tutor-Marked Assignment Two July 2025 Presentation
- BPM105 Construction Law Tutor-Marked Assignment One July 2025 Presentation
- Financial Technologies and Innovations Assignment: Analyzing Block’s Strategies, Challenges, and Future Prospects in the Fintech Landscape
- HBC203 Tutor-Marked Assignment 01 (July 2025 Presentation)
- Corporate Governance & Corporate Social Responsibility Assignment: A Strategic Analysis for a Singapore-listed Company and SilverAI’s ASEAN Expansion
- Strips Success Report Assignment : Unveiling the Strategy, Innovation, and Future Trends Behind its Global Payment Dominance
- ICT239 Web Application Development Assignment: E-Library Management System with User Authentication, Book Lending, and MongoDB Integration
- PF4213 Building Energy Analysis and Simulation Assignment: Optimizing Passive Retrofit Strategies for SDE2 Building Across Diverse Climatic Conditions