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The summarised balance sheet of a business before and after a transaction was as follows: Before After Property, plant and equipment 150,400 153,400 Inventory 30,080
The summarised balance sheet of a business before and after a transaction was as follows:
Before | After | |
Property, plant and equipment | 150,400 | 153,400 |
Inventory | 30,080 | 30,080 |
Receivables | 22,560 | 22,560 |
Cash and bank | 1,666 | 1,666 |
Total assets | 204,706 | 207,706 |
Non-current liabilities | 51,177 | 51,177 |
Current liabilities | 29,868 | 29,868 |
Capital | 123,661 | 126,661 |
Total Capital and Liabilities | 204,706 | 207,706 |
What business transaction took place?
A) Revaluation of a building upwards by 3,000
B) The sale of equipment with a profit of 3,000
C) The purchase of a building costing 3,000 with a loan
D) The purchase of equipment costing 3,000 in cash
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