What are effects of transactions on the accounting equation

Assignment Help Accounting Basics
Reference no: EM132928246

Question - Mr. Ali started a business in May 2020. Initially, he intended to contribute RM30,000 cash to start the business. However, he only managed to invest RM5,000 in cash and his personal furniture worth RM7,000 into the business. What are the effects of these transactions on the accounting equation?

Reference no: EM132928246

Questions Cloud

Identify the major crimes in the case : Assemble a set of guidelines based on your textbook readings for conducting a preliminary crime scene investigation for this criminal case.
How would you describe the tone and voice of the text : Question - How would you describe the tone and voice of the text? Explain each and provide evidence from the article
Evaluate and apply the outcomes of an analysis : Analyse the impact and influence which the macro environment has on an organisation and its business strategies - Assess an organisation's internal environment
Discuss the dual court system in the united states : Discuss the dual court system in the United States, and the structure of the federal court system, and your home state court system.
What are effects of transactions on the accounting equation : Initially, he intended to contribute RM30,000 cash to start the business. What are effects of transactions on the accounting equation
Discuss how do victim statements impact process of parole : List at least 3 alternatives that are available to you, a parole officer, as a requirement of parolees, and why would you add these stipulations?
What types of outside statistical data or research support : What types of outside statistical data or research support information are available to present to council and the mayor to support your decision?
How much is the total liability to be reported : In addition, the company were able to sell extended warranty for 60,000 in 2020 and 80,000 in 2021. How much is the total liability to be reported for 2021
Should contemporary organizations abandon closed innovation : Should contemporary organizations abandon closed innovation and focus solely on open innovation? What creative solutions do you recommend to companies

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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