Aziza's business opened on 1 January 2015. The business had the following assets and liabilities at that
Question:
Aziza's business opened on 1 January 2015. The business had the following assets and liabilities at that date.
Required
a. Calculate Aziza's capital on 1 January 2015 using the accounting equation.
The following transactions occurred during January 2015.
Required
b. Record all of the information in suitable ledger accounts.
Transcribed Image Text:
Shop fittings 18 000 Cash at bank 3 400 Cash in hand 900 Bank loan 4 000
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The accounting equation is Assets Liabilities Owners Equity Capital Therefore we can calculate Aziza...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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