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The following are three small questions in a big question, please help me answer, thank you The summarised balance sheet of a business before and
The following are three small questions in a big question, please help me answer, thank you
The summarised balance sheet of a business before and after a transaction was as follows: Before After Property, plant and equipment Inventory Receivables Cash and bank Total assets Non-current liabilities Current liabilities Capital Total Capital and Liabilities 32,140 6,428 4,821 1,932 45,321 11,330 7,909 26,082 45,321 32,140 6,428 4,821 22,132 65,521 21,430 18,009 26,082 65,521 What business transaction took place? The business extended a short term loan of 10,100 for another two years The business raised a short term loan of 10,100 The business raised a long term loan of 10,100 The business borrowed 20,200 repayable in two equal annual instalments starting in nine months time The summarised balance sheet of a business before and after a transaction was: After Before 35,520 35,520 7,104 5,328 Non-current assets Property, plant and equipment Current assets Inventory Receivables Cash and bank Total assets Non-current liabilities Current liabilities Capital Total Capital and Liabilities 4,262 11,495 1,730 53,007 1,730 49,682 19,873 9,205 20,604 49,682 19,873 9,205 23,929 53,007 What business transaction took place? The owner of the business withdrew inventory costing 2,842 for own use The business sold goods costing 2,842 for 6,167 on credit onal capital of 3,325 was introduced as inventory The business sold goods costing 2,842 and introduced additional receivables of 6,167 The summarised balance sheet of a business before and after a transaction was as follows: Before Property, plant and equipment Inventory Receivables Cash and bank Total assets Non-current liabilities Current liabilities Capital Total Capital and Liabilities 86,800 17,360 13,020 1,986 119,166 23,833 16,183 79,150 119,166 After 100,500 17,360 13,020 1,986 132,866 23,833 16,183 92,850 132,866 What business transaction took place? The purchase of equipment costing 13,700 in cash The sale of equipment with a profit of 13,700 The purchase of a building costing 13,700 with a loan Revaluation of a building upwards by 13,700Step by Step Solution
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