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SECTION C: Definitions / short questions /calculations (Total Marks: 25) Question 1 Accounting equation calculations . Calculate the missing numbers and insert your answers
SECTION C: Definitions / short questions /calculations (Total Marks: 25) Question 1 Accounting equation calculations . Calculate the missing numbers and insert your answers into the box below (6marks) Assets Liabilities Capital 1 8,000 5,000 a 2 900,000 83,000 b 3 340,000 C 30,000 4 58,000. d 4,000 5 e 19,500 14,800 6 f 100,000 11,000 Question 2 : a. Explain what is meant by the following terms: (3 marks each) i. Doubtful Debts: ii. Ordinary share: b. Explain the difference between tangible and non-tangible assets giving an example of each. (4 marks)
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