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melamori03 [73]
3 years ago
10

Required: Accounting equation Ans: assets, capital, liabilities SE-2. You are provided the following information: i. Commencemen

t of business with bank balance Rs. 1,00,00 ii. Purchased goods on credit Rs 40,000 iii. Sold goods of Rs. 20,000 on credit. iv. Purchased furniture of Rs. 60,000 on credit. v. Sold furniture on credit Rs 10,000​
Business
1 answer:
Tasya [4]3 years ago
3 0

Answer:

<h2> particular. l.f. Dr. rs. Cr. rs. </h2>

I) bank a/c. 1,00,00.

to capital a/c. 1,00,00

( being business started with bank balance)

II) purchase a/c 40,000.

to bank a/c. 40,000

(being goods purchased on credit)

III) BANK A/C 20,000.

TO GOODS A/C 20,000

(BEING GOODS SOLD ON CREDIT)

IV) FURNITURE A/C. 60,000.

TO BANK A/C. 60,000

(BEING FURNITURE PURCHASED ON CREDIT)

V) BANK A/C. 10,000.

TO FURNITURE A/C 10,000

(BEING FURNITURE SOLD ON CREDIT)

HOPE IT HELPS IM ALSO NOT COMPLETELY PERFECT AT IT

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5 0
3 years ago
Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net ne
VladimirAG [237]

Answer:

$1,269.46

Explanation:

Earnings Before Interest and Tax (EBIT) refers to the net income which is a difference between the revenue of an organisation and the expenses that were incurred in order to generate that revenue. The calculation of the EBIT is usually for a particular year and it is usually found in the Income Statement part of an organisation's financial statement.

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Therefore, Net Income = Dividends paid + Net Income (added to retained earnings)

= $75 + $418 = $493 - This represents a partial net income

The next step is to calculate the taxable income as follows:

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7 0
3 years ago
A characteristic of FICA is that:
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Answer:

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8 0
2 years ago
A new product made from recycled bio-plastics needs 25 labor hours to complete the build for the first unit. If production opera
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We do this like this:

--> 25 ------ 100

--> X   ------ 33

--> 33*25 = 100*X

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Hope this clears everything. Thankyou.

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3 years ago
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C is the answer




Hope this helps
5 0
3 years ago
Read 2 more answers
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