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Name: /1.2A Complete the gaps in the following table:AssetsBOOSTE€93,000?10
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Description: /1.2A Complete the gaps in the following table:AssetsBOOSTE€93,000?107,300125,500114,700?Liabilities£44,00036,200?77,400?64,600UmumnCapital£?38,90041,500?33,40021,300

Business

Accounting

/1.2A Complete the gaps in the following table: Assets BOOSTE € 93,000 ? 107,300 125,500 114,700 ? Liabilities £ 44,000 36,200 ? 77,400 ? 64,600 Umumn Capital £ ? 38,900 41,500 ? 33,400 21,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

/1.2A Complete the gaps in the following table:
Assets
BOOSTE
€
93,000
?
107,300
125,500
114,700
?
Liabilities
£
44,000
36,200
?
77,400
?
64,600
Umumn
Capital
£
?
38,900
41,500
?
33,400
21,300

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Step 2: Working for gapsof case a, b and c

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Step 3: Working for gaps of case d, e and f

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