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geniusboy [140]
3 years ago
14

Make balance sheet

Business
1 answer:
iren [92.7K]3 years ago
7 0

Answer:

Balance Sheet as at year end

ASSETS

Cash (5000 + 600 - 800 - 2000)                        $2,800

Trade Receivable ( -600)                                      ($600)

TOTAL ASSETS                                                    $2,200

EQUITY AND LIABILITIES

EQUITY

Retained Earnings (5000 -800 - 2000)             $2,200

TOTAL EQUITY                                                    $2,200

LIABILITIES  

Liabilities                                                                      $0

TOTAL LIABILITIES                                                     $0

TOTAL EQUITY AND LIABILITIES                      $2,200

Explanation:

The Balance sheet contains balances of Assets, Liabilities and Equity as at the Reporting date.

So given the above transactions above, we have to identify which accounts (Assets, Liabilities or Equity) are affected by each transaction, than record under the relevant heading as shown in the solution.

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Which of the following is not an example of a financial transaction
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Answer:

Something that is not an example of a financial transaction is a man throwing a pack of gum at a giraffe. You did not give any options, so this is the only answer I can give you.

Explanation:

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Answer:

hello below is the missing diagram needed for the question

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Explanation:

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4 0
3 years ago
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Answer:

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Explanation:

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Answer:

The correct statement lies in option C.

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Explanation:

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  • When a specific enterprise or person is the only supplier in the market, it is called monopoly.
  • Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.
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Explanation:

6 0
3 years ago
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