Forums › Ask CIMA Tutor Forums › Ask CIMA BA3 Tutor Forums › Accounting Equation completion
- This topic has 0 replies, 1 voice, and was last updated 2 years ago by sanjeewa.nibm.
- AuthorPosts
- May 2, 2022 at 2:45 pm #654713
When I applied assets+expenses= liabilities + equity + revenue for the below following I had some issues with balance.
please guide below and complete as a help1) Yasasmi (The owner) commenced a business with an investment of $ 10,000
2) The owner brought computer equipment worth $ 3,000
3) The owner has brought a property worth $ 15,000
4) The owner has taken a personal loan of $ 2,000 and invested that money in
the business
5) The owner brought furniture worth $ 1,000
6) Business bought (purchased) machinery for $ 2,500
7) Business bought a software for $ 500
8) Business has taken a bank loan of $ 8,000
9) The owner has withdrawn $ 200 from the business
10) The business has deposited $ 4,000 in the bank account
11) The business has repaid the bank loan of $ 2,000
12) Business bought motor vehicle for $ 12,000 on credit
13) Business bought goods for $ 6,000
14) Business bought goods for $ 10,000 on credit
15) Business bought stationery for $ 200 - AuthorPosts
- You must be logged in to reply to this topic.