Answer:
See below
Explanation:
Assets are the valuables a business owes while liabilities are the items the business owes to third parties.
Form the list provided
<u>Assets are</u>
Bank Balance……… Rwf. 17,000,000
Accounts Receivable……Rwf 12,000,000
Machinery…………… <u> …Rwf 1,800,000</u>
Total <u>Rwf 30,800,000</u>
<u>Liabilities are</u>
Accounts Payable……………….Rwf 15,000,000
Bank Claims…………… <u> Rwf 15,800,000 </u>
Total <u>Rwf. 30,800,000</u>
Answer:
d. Assets - Liabilities = Stockholders' Equity.
Explanation:
The principle of double entry booking rests upon the accounting equation. the accounting equation states that (where correct and accurate accounting books are kept), the total asset of a corporation must equal the addition of the corporation's total liabilities and Stockholders' equity.
The following is the basic formula for accounting equation
Assets = Liabilities + Stockholders' equity
Rearranging the above basic equation, we have the alternative form of the accounting equation.
Assets = Liabilities + Stockholders' equity
Subtract Stockholders' equity from both sides of the equation
Assets - Stockholders' equity = Liabilities + Stockholders' equity -
Stockholders' equity
Assets - Liabilities = Stockholders' equity
Answer:
4. increase
Explanation:
If price decreases and, in percentage terms, quantity rises more than price, it means demand is elastic.
For example ,if price falls by 1% and quantity demanded increases by 5%, total revenue would definitely increase.
I hope my answer helps you
Gross income, or gross profit I think