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Part a Saiqa Qureshi is the owner and operator of Qureshi Enterprise, an inspirational-motivational consulting business. At the end of its accounting period, December 31,
Part a Saiqa Qureshi is the owner and operator of Qureshi Enterprise, an inspirational-motivational consulting business. At the end of its accounting period, December 31, 2021, Qureshi Enterprise has assets of Rs. 760,000 and liabilities of Rs. 240,000. Using the accounting equation and considering each case independently, determine the following amounts: a. Saiqa Qureshi, capital, as of December 31, 2021.. b. Saiqa Qureshi, capital, as of December 31, 2022, assuming that assets increased by Rs. 120,000 and liabilities increased by Rs. 72,000 during 2022. c. Saiqa Qureshi, capital, as of December 31, 2022. assuming that assets decreased by Rs. 60,000 and liabilities increased by Rs. 21,600 during 2022. d. Saiqa Qureshi, capital, as of December 31, 2022, assuming that assets increased by Rs. 100,000 and liabilities decreased by Rs. 38,400 during 2022
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