How much capital does the business have

Assignment Help Financial Accounting
Reference no: EM132870314

Question - A business has a property worth £60,000, a motor vehicle worth £7,000, fixtures and fittings worth £15,000, cash in the bank of £6,000. The business owes £2,000 to its suppliers and £5,000 is still outstanding on a loan. How much capital does the business have?

Reference no: EM132870314

Questions Cloud

Explain the business launched : Explain the business they launched, and describe how it is impacting their community in a positive way. Be sure to identify your sources.
How historical counterterrorism strategies have influenced : How U.S. counterterrorism strategies have evolved since 9/11. Then explain how historical counterterrorism strategies have influenced contemporary
Customize models for specific countries : Choose one of the auto manufacturers listed below and after researching the company, answer the questions that follow.
Brief description of at least two counterterrorism challenge : Brief description of at least two counterterrorism challenges. Explain why each is a challenge. Then explain how each challenge might be addressed.
How much capital does the business have : The business owes £2,000 to its suppliers and £5,000 is still outstanding on a loan. How much capital does the business have
Explain?the chain of events that occurs for expansionary : Explain?the chain of events that occurs for expansionary and contractionary monetary policy to affect the long-run equilibrium level of real gross domestic.
Competitiveness of the canadian business : Why is the competitiveness of the Canadian business important as it relates to globalization? What differentiates Canadian business from other nations and why?
Prepare journal entries based on the transactions : March 22 Sold inventory for $3,000 on account. The cost of inventory was $1,100. Terms 2/10, n/30. Prepare journal entries based on the transactions
Commitment to triple bottom line for a health company : Identify key financial records that indicate commitment to triple bottom line for a health company

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd