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3. Calculate the missing figure based on the accounting equation as per below: Asset + Expenses = Liabilities + Revenues + Capital %3D Сapital RM Expenses RM Liabilities Revenues Assets RM RM RM 255,000 ? ? 50,000 155,000 ? 570,000 605,000 685,000 500,000 650,000 855,000 а. 355,000 345,000 b. С. 200,000

3. Calculate the missing figure based on the accounting equation as per below: Asset + Expenses = Liabilities + Revenues + Capital %3D Сapital RM Expenses RM Liabilities Revenues Assets RM RM RM 255,000 ? ? 50,000 155,000 ? 570,000 605,000 685,000 500,000 650,000 855,000 а. 355,000 345,000 b. С. 200,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 35CE: Notes Receivable Link Communications programs voicemail systems for businesses. For a recent...
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A 1:0\ gh 3% Tutorial 2.pdf Sold goods on credit to HanaHani Enterprise worth RM9,400 Settled all amount due to Freshy mart by cheque payment Sold goods on credit to Hafifah Mart worth RM12,300 Received cheque from Hanahani Enterprise in settlement of all amount due 21 25 28 30 Paid by cheque worth RM9,000to Bobby Motors and paid salaries by cash worth RM17,000 31 3. Calculate the missing figure based on the accounting equation as per below: Asset + Expenses = Liabilities + Revenues + Capital Сapital RM Expenses RM Liabilities Revenues RM RM RM 255,000 ? 50,000 155,000 ? 570,000 605,000 685,000 755,000 500,000 650,000 855,000 ? a. 355,000 345,000 365,400 520,000 b. 200,000 285,000 510,000 C. d. 225,000 125,000 e. 730,000 4. You are required to fill in the appropriate code letter to indicate whether the items are an ASSET, LIABILITY OR OWNER'S EQUITY items. The item listed is as below: i. Furniture ii. Creditor Сapital Cash ii. iv. Debtor / Account receivable V. vi. Drawing Closing stock Motor Vehicle Loan from bank vii. viii. ix. 5. State whether the following items are NON-CURRENT ASSET, CURENT ASSETS, OWNER's EQUITY, NON-CURRENT LIABILITIES, INCOME or EXPENSES. Premises Cash in hand i. ii. Long term loans Motor van i. iv. V. Insurance vi. Account receivables vii. Dividend received Account payables Stock Fixtures and Fittings Capital Patent and trademark Bank overdraft vii. ix. х. хі. xii. xiii. хiv. Goodwill II
Transcribed Image Text:A 1:0\ gh 3% Tutorial 2.pdf Sold goods on credit to HanaHani Enterprise worth RM9,400 Settled all amount due to Freshy mart by cheque payment Sold goods on credit to Hafifah Mart worth RM12,300 Received cheque from Hanahani Enterprise in settlement of all amount due 21 25 28 30 Paid by cheque worth RM9,000to Bobby Motors and paid salaries by cash worth RM17,000 31 3. Calculate the missing figure based on the accounting equation as per below: Asset + Expenses = Liabilities + Revenues + Capital Сapital RM Expenses RM Liabilities Revenues RM RM RM 255,000 ? 50,000 155,000 ? 570,000 605,000 685,000 755,000 500,000 650,000 855,000 ? a. 355,000 345,000 365,400 520,000 b. 200,000 285,000 510,000 C. d. 225,000 125,000 e. 730,000 4. You are required to fill in the appropriate code letter to indicate whether the items are an ASSET, LIABILITY OR OWNER'S EQUITY items. The item listed is as below: i. Furniture ii. Creditor Сapital Cash ii. iv. Debtor / Account receivable V. vi. Drawing Closing stock Motor Vehicle Loan from bank vii. viii. ix. 5. State whether the following items are NON-CURRENT ASSET, CURENT ASSETS, OWNER's EQUITY, NON-CURRENT LIABILITIES, INCOME or EXPENSES. Premises Cash in hand i. ii. Long term loans Motor van i. iv. V. Insurance vi. Account receivables vii. Dividend received Account payables Stock Fixtures and Fittings Capital Patent and trademark Bank overdraft vii. ix. х. хі. xii. xiii. хiv. Goodwill II
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