Calculate the missing figure in each of the following situations: 1 2 3 4 5 6 Current
Question:
Calculate the missing figure in each of the following situations:
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1 2 3 4 5 6 Current Noncurrent Current assets assets liabilities 100 000 100 000 100 000 ? 100 000 100 000 400 000 400 000 400 000 500 000 400 000 500 000 50 000 50 000 50 000 50 000 50 000 50 000 Noncurrent Share Opening Revenue liabilities capital retained profits 100 000 100 000 100 000 100 000 100 000 100 000 ? 300 000 300 000 500 000 300 000 300 000 10 000 20 000 80 000 100 000 20 000 ? 50 000 100 000 90 000 90 000 100 000 100 000 Expenses 30 000 ? ? 60 000 50 000 50 000 Dividends 0 0 0 0 ? 20 000
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To calculate the missing figures in each situation we can use the fundamental accounting equation Assets Liabilities Equity And also recall that Equity Share Capital Retained Earnings Retained Earning...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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