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Provide answer to question 8.6a in business accounting volume 1-10th edition by frank wood Alan sangster?
F. Flint is starting a business. Before actually starting to sell anything, he bought fixtures for £1,200, a van for £6,000 and an inventory of goods for £2,800. Although he has paid in full for the fixtures and the van, he still owes £1,600 for some of the inventory. B. Rub lent him £2,500. After the above, Flint has £200 in the business bank account and £175 cash in hand. You are required to calculate his capital.
Is motor van a asset or liability?
A motor van is considered an asset on a company's balance sheet because it represents a tangible resource that can provide economic benefits, such as facilitating transportation for goods or services. However, it can also be associated with liabilities if it incurs ongoing costs, such as maintenance, insurance, and depreciation. Overall, its classification primarily depends on the context of its use within the business.
A van purchased for 44000 is depreciated over 5 years using straight line depreciation what is the depreciation equation?
the depreciation equation =asset price / 5 =44000/5 =8800
Where can one find Cash Flow Forecasting Software online?
Adaptive Planning, Van Guards, and Intiuit Community are all places where an individual or business can go in order to find Cash Flow Forecasting Software online.
Where do you send your tax bills for your Bank of America mortgage?
You can send the property tax bill for your Bank of America mortgage to Tax Dept. CA6-913-LB-01, P. O. Box 10211, Van Nuys, CA 91410-0211. They will also send you a statement.
What is the difference between revenue capital and capital expenditure?
Revenue expense are costs in the for day to day running of the business for example servicing a machine, spare parts etc. Revenue expenditure is normally charged against profit in the Income statement in the year it is expensed. Capital expenditure is on an item that will help generate profits over the longer term (12 months or more) so a purchase of a machine or van etc. The item is depreciated over the items useful life and each depreciateable amount is charged to the Income statement in the year the item has help generate profit.
Where can someone purchase van tires?
Van tires can be purchased from many tire retailers. Some of these include Kal Tire, Fountain Tire, Costco, Walmart and Canadian Tire. They each carry many popular brands such as Kumho, Dunlop, and Firestone Tires.
What are the similarities between capital expenditure and revenue expenditure?
Revenue expense are costs in the for day to day running of the business for example servicing a machine, spare parts etc. Revenue expenditure is normally charged against profit in the Income statement in the year it is expensed. Capital expenditure is on an item that will help generate profits over the longer term (12 months or more) so a purchase of a machine or van etc. The item is depreciated over the items useful life and each depreciateable amount is charged to the Income statement in the year the item has help generate profit.
Difference between capital expenditure and revenue expenditure?
Revenue expense are costs in the for day to day running of the business for example servicing a machine, spare parts etc. Revenue expenditure is normally charged against profit in the Income statement in the year it is expensed. Capital expenditure is on an item that will help generate profits over the longer term (12 months or more) so a purchase of a machine or van etc. The item is depreciated over the items useful life and each depreciateable amount is charged to the Income statement in the year the item has help generate profit.
On a Chevrolet express van 3500 where is the tire jack?
on a Chevrolet express van 3500 where is the tire jack kept at?
Spare tire on a 2003 Mazda mpv van?
size spare tire mazda 2003 mpv van.
Dodge Van spare tire speed limit?
The speed limit for a spare tire on a Dodge Van is around 45 miles per hour. The spare tire should not be left on the van for normal driving.
How do you remove a spare tire 1995 Chevy astro van if the dutch door wont open?
You can access the mechanism to lower the spare tire from under the van.
What is the tire size of a 95 Chevy G20 van?
Normal tire size is P235/75R15
Where is the spare tire on a Pontiac Montana?
under the van
Where is the spare tire on a 2008 Chrysler Town and Country and how do you get to it?
The spare tire on a 2008 Town and Country is located under the center of the van. There is an access between the front seats to insert the tire tool to lower the winch assembly. You can then reach under the van and pull the tire out.
What is the tire pressure for j reg seat terra camper van?
tire pressure? tire pressure is noted on the side of the tire.
