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

Accounting & Finance - Research Paper ExampleQuestion 2 The hobby is a list of the assets and liabilities of a firm at a particular date. Premises owned by the firm 20,000 Money owed by the firm to its creditors 3,000 declination owned by the firm 8,500 Loan received by the firm from a bank 100The firms capital at that date isA. 25,400B. 25,600C. 31,400D. 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 9If a sole traders capital at the beginning of a year was 100,000 and his net profit for the year was 20,000, his capital at the dismiss of the year......Question 9 answersCannot be determined from the information given.was 80,000Was 100,000Was 120,000Question 10A balance sheet is.......Question 10 answersA 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 bro ught 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 2,300Total of all liabilities at 1 June 2,500Net profit realise during June 1,000Drawings during June 700Capital introduced during June 5,000The sole traders capital at 30 June wasQuestion 11 answers5,1005,3005,5005,600Question 12The correct heading for the balance sheet of J. Burton at the end of December 2006 is Balance sheet of J. Burton........Question 12 answersfor the period ended 31 December 2006for the year ended 31 December 2006as at 31 December 2006as at 31 December 2005Question 13Which