ollówing balances have been extracted from the nominal ledger accounts of Tanya, but the figure for bank loan is unknown. There are no other accounts in the main ledger. Payables Capital Purchases Sales Other expenses Receivables Purchase returns Non-current assets 24 27,000 66,000 160,000 300,000 110,000 33,000 2,000 120,000 18,000 [Unknown] Cash in bank Bank loan What is the credit balance on the bank loan account?

ollówing balances have been extracted from the nominal ledger accounts of Tanya, but the figure for bank loan is unknown. There are no other accounts in the main ledger. Payables Capital Purchases Sales Other expenses Receivables Purchase returns Non-current assets 24 27,000 66,000 160,000 300,000 110,000 33,000 2,000 120,000 18,000 [Unknown] Cash in bank Bank loan What is the credit balance on the bank loan account?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Describe internal event with example.
Can you please provide the formulas here?
Define the term lnvesting activities? Explain with an example?
Define the term precision.
Define call provision
1- Al Sun company received advertising bill to the current period of $ 500 and immediately paid it, its gournal entry to record this transaction include a : Credit to advertising expense for $500. Debit to advertising expense for $500 Debit to Accounts payable for $500 debit to Cash for $500 we can get the gross profit by deducted net sale from all expenses. net sales from cost of goods sold. net sales from net purchases. O Net sales from net income.
Define Prepayments.
Write out the equation for the SML and explain its meaning.
Read and interpret abalance sheet.
Briefly explain the importance of conceptual or internal mapping in DBMS
what is posting system in detail ?
Explain planning decisions.