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.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 04:23 AM

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Aziza's business opened on 1 January 2015. The business had the following assets and liabilities at that

Question:

Shop fittings 18 000 Cash at bank 3 400 Cash in hand 900 Bank loan 4 000

Step by Step Answer:

The accounting equation is Assets Liabilities Owners Equity Capital Therefore we can calculate Aziza...View the full answer

Accounting For Cambridge International AS And A Level

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