Explanation Given information: An applied problem when one part is missing and all other parts are provided also total of all the parts are known. Consider the problem when one part is missing and all other parts are provided also total of all the parts are known. When this kind of situation arises, first add all the parts that are known and then subtract it from the total. Then the resultant value will be the part which was missing. Consider an example: If John’s monthly salary is $ 4000 , his monthly expenses are $ 1000 , house rent is $ 500 then how much is John’s saving. Now to find his savings use the formula, Salary = expenses + house rent + savings So, rearranging the terms as, Savings = salary x

Portfolio of Accounting Systems for Small and Medium-Sized Businesses.

11th Edition

ISBN: 9780136857761

Author: National Society of Public Accountants Staff

Publisher: Prentice Hall

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Chapter 2, Problem 5CT

To determine

The operations that will be used to solve an applied problem when one part is missing and all other parts are provided also total of all the parts are known.

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Chapter 2, Problem 4CT

Chapter 2, Problem 6CT

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Portfolio of Accounting Systems for Small and Medium-Sized Businesses.

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