Chapter Financial Statements
D= Debit (RM)
C= Credit (RM)
Premises
D 40,...
Business, 05.05.2020 14:20 kirstennnash
Chapter Financial Statements
D= Debit (RM)
C= Credit (RM)
Premises
D 40,000
Fixtures and Fittings
D 10,000
Mortgage on premises
C 15,000
Purchases and sales
D 40,300 C 78,500
Debtors and creditors
D 3,400 C 9,000
Motor vehicles
D 21,000
Return inwards and outwards
D 200 C 300
Commission expense and revenue
D 2,700 C 1,040
Carriage inward
D 1,750
Duties on purchases
D 650
Stock ( 1 January 2020)
D 8,000
Carriage outwards
D 3,260
Wages
D 5,900
Insurance
D 350
Rent
C 3,000
Bank-overdraft
C 3,650
Cash
D 840
Capital
C 28,560
Drawings
D 700
D 139,050 C 139,050
Stock on 31 December 2020 was valued at RM12,000
You are required to prepare
1) Profit and Loss Account for the year ended 31 December 2020
2) Balance Sheet as at 31 December 2020
Answers: 3
Business, 22.06.2019 08:40, Damagingawsomeness2
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
Answers: 3
Business, 22.06.2019 14:20, kevinglvz
Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?
Answers: 1
Business, 22.06.2019 19:10, jaylene125
Robin hood has hired you as his new strategic consultant to him successfully transform his social change enterprise. robin has told you that he counting on your strategic management knowledge to him and his merrymen achieve their goals. discuss in detail what you think should be robin’s two primary strategic goals and continue by also explaining your analytical reasons that support your recommendations.
Answers: 3
Business, 22.06.2019 23:20, hernandezeileen20
Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?
Answers: 3
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