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cash a/c dr 50000 bank a/c dr 30000 TO CAPITAL a/c 80000
If total liabilites increased would assests or stockholders equity?
[Debit] Investment in company 30000 [Credit] Cash 30000
You would have 30000 after the tax amount.
. Hiran, a retailer, has prepared the following balance sheets for the years ending 31st March 2004 and 2005: Balance Sheets as on 31st March, 2004 and 2005 Particulars 2004 2005 Freehold property at cost 200000 200000 Furniture 32000 Less depreciation 23200 8000 30000 20000 10000 Current Assets: Stock Debtors and prepayments Cash in hand and at bank 36000 50000 4000 34000 34000 2000 Liabilities: Capital Trade and accrued expenses Loan account 254800 24000 20000 260000 20000 ------- Total 298800 280000 Other data: The net profit for the year 2004 was Rs.40000. Hiran is paid a salary of Rs.16,000. His drawings amounted to Rs.45,200. You are required to prepare a statement of changes in financial position, on working capital basis
PS should be 18000 miles and brake fluid about 30000 miles PS should be 18000 miles and brake fluid about 30000 miles
Return on total assets = net income / total assets *100 Return on total assets = 30000 / 500000 * 100 = 6%
The first 10 multiples of 6000: 6000, 12000, 18000, 24000, 30000, 36000, 42000, 48000, 54000, 60000 . . .
approxinatley 18000 children starve to death every day
cash a/c dr 50000 bank a/c dr 30000 TO CAPITAL a/c 80000
29% of 30000 = 29% * 30000 = 0.29 * 30000 = 8700
2% of 30000 = 2% * 30000 = 0.02 * 30000 = 600
First you record the 100000 as an incoming capital then an entry of expense for the sum of 30000 for the equipment and then recording the equipment as an asset obtained with the value of 30000
7 % of 30000 = 7/100 * 30000 = 0.07 * 30000 = 2100
30% of 30000= 30% * 30000= 0.30 * 30000= 9000
30000
30000 or 30000 over 1 _____ 1