subject
Business, 30.05.2021 14:00 miajay14

ACCOUNTING EQUATION 1. Record the following in the Accounting Equation

Commence business with cash Rs. 200,000 and Land Rs. 50,000.

Bought goods on credit from Salman of worth Rs. 50,000.

Purchase furniture of the value of Rs. 5,000 by cash.

Paid wages Rs. 1,000,

Sold goods on credit costing Rs. 4000 for Rs. 4500

Paid Interest on capital Rs. 2000

Paid Creditor Salman in full settlement Rs. 48,000

Sold goods costing Rs. 2000 for Rs. 1800

Outstanding wages Rs. 500

Commission received in advance Rs. 200​

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:20
The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Answers: 2
question
Business, 22.06.2019 10:30
Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst
Answers: 1
question
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
question
Business, 23.06.2019 00:00
An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?
Answers: 1
You know the right answer?
ACCOUNTING EQUATION 1. Record the following in the Accounting Equation

Commence business...
Questions
question
English, 14.10.2021 01:30
question
Mathematics, 14.10.2021 01:30
Questions on the website: 13722363