• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Statement of financial position & statement of profit and loss

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Statement of financial position & statement of profit and loss

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by Anonymous.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 24, 2016 at 9:29 am #301802
    natasha251087
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    The following transaction relates to Max’s business :
    1 May purchase of goods for resale on credit -$300
    2 May Max injects long terms capital into the business -$1400
    3 May payment of rent made-$750
    5 May Max withdraws cash from the business -$ 400
    7 May sale made on credit -$1200
    (Goods originally cost $600)

    At the start of the week, the assets of the business were $15,700 and liabilities amounted to $11,200.

    At the end of the week, what is the amount of Max’s capital?
    A $5350
    B $1400
    C $850
    D $1000

    March 5, 2016 at 3:45 pm #303630
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 1
    • ☆

    the answer im arriving at is A..after adjustments during the month

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Abdinur on FA Chapter 22 Questions Group Accounts The Consolidated Statement of Financial Position (1)
  • YvonneB on Introduction to Taxation – CIMA F1 Financial Reporting
  • Arnold89 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • deepikasingh on ACCA BT Chapter 17 – The nature of communication – Questions
  • deepikasingh on ACCA BT Chapter 14 – How people learn – Questions

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in