Accounting & Finance Research Paper Example | Topics and Well Written Essays - 1000 words

Accounting & Finance - Research Paper Example Question 2 The following is a list of the assets and liabilities of a firm at a particular date. Â £ Premises owned by the firm 20,000 Money owed by the firm to its creditors 3,000 Stock owned by the firm 8,500 Loan received by the firm from a bank 100 The firm's capital at that date is: A. Â £25,400 B. Â £25,600 C. Â £31,400 D. Â £31,600 ... Lists all of the entries in its double-entry accounting records. Is a list of all of the balances brought down in its double-entry accounting records. Question 9 If a sole trader's capital at the beginning of a year was 100,000 and his net profit for the year was 20,000, his capital at the end of the year...... Question 9 answers Cannot be determined from the information given. was 80,000 Was 100,000 Was 120,000 Question 10 A balance sheet is....... Question 10 answers A ledger account, proving that the accounting records 'balance'. A statement showing the market value of firm. A listing, in a particular format, of the balances brought down remaining in the double-entry accounts after the profit and loss account has been prepared. A statement showing the market value of assets and liabilites. Question 11 The following information relates to a sole trader. Total of all assets at 1 June 2,300 Total of all liabilities at 1 June 2,500 Net profit earned during June 1,000 Drawings during June 700 Capital introduced during June 5,000 The sole trader's capital at 30 June was: Question 11 answers 5,100 5,300 5,500 5,600 Question 12 The correct heading for the balance sheet of J. Burton at the end of December 2006 is 'Balance sheet of J. Burton........ Question 12 answers for the period ended 31 December 2006 for the year ended 31 December 2006 as at 31 December 2006 as at 31 December 2005 Question 13 Which