our answer must indicate the overall and individual effect of changes in relevant item
our answer must indicate the overall and individual effect of changes in relevant item
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
From the following data, indicate the effect that the changes in the relevant items will have on the
Particulars
Jan 1, 2020
Dec 31, 2020
Particulars
Jan 1, 2020
Dec 31, 2020
Land
44000
68000
13000
13000
Debentures
20000
25000
Prepaid Expenses
70
300
Stock
30000
28000
Bills Payable
1500
900
Machinery
180000
180000
Bills Receivable
3000
2000
Trade Creditors
8000
5320
Mortgaged Loan
50000
40000
Cash
29000
9000
Equity Share Capital
100000
120000
Long Term Investments
10000
6250
120000
75000
Accrued Expenses
350
160
Trade Debtors
19000
20000
Short-term Debt
3220
5170
Your answer must indicate the overall and individual effect of changes in relevant items.
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