14:22LTE1.lVol)ASSIGNMENT I Question Paper.pdfPage 1 of 4FPBFC02 ASSIGNMENT 1-JULY 2021Question 5Mr. Alba (Pty) Ltd has the following list of information for year ended 31 December2009.RTrade and other receivablesTrade and other payablesRent received5 0004 0002 5008 000GoodwillBank overdraftEquipmentDepreciationProfit on sales of assetTrading inventoryLoan (6 months)1 0003 0008 0009 0006 0002 000Required: Use the information given above to determine the total Owners' Equity forthe period.[5]AssetsLiabilitiesPage 1 of 4FPBFC02 ASSIGNMENT 1-JULY 2021Question 6Quinton Limited is involved in the manufacturing of cleaning material. The followinginformation relates to the company's property plant and equipment. The company hasa financial year end of 31 December.II

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Description: 14:22LTE1.lVol)ASSIGNMENT I Question Paper.pdfPage 1 of 4FPBFC02 ASSIGNMENT 1-JULY 2021Question 5Mr. Alba (Pty) Ltd has the following list of information for year ended 31 December2009.RTrade and other receivablesTrade and other payablesRent receive

Accounting equation states that the total assets are always equal to the sum of total liabilities…

Business

Accounting

Question 5 Mr. Alba (Pty) Ltd has the following list of information for year ended 31 December 2009. R Trade and other receivables Trade and other payables Rent received 5 000 4 000 2 500 Goodwill 8 000 Bank overdraft Equipment Depreciation Profit on sales of asset 1 000 3 000 8 000 9 000 6 000 Trading inventory Loan (6 months) 2 000 Required: Use the information given above to determine the total Owners' Equity for the period. (5)

Question 5 Mr. Alba (Pty) Ltd has the following list of information for year ended 31 December 2009. R Trade and other receivables Trade and other payables Rent received 5 000 4 000 2 500 Goodwill 8 000 Bank overdraft Equipment Depreciation Profit on sales of asset 1 000 3 000 8 000 9 000 6 000 Trading inventory Loan (6 months) 2 000 Required: Use the information given above to determine the total Owners' Equity for the period. (5)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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