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Blank accounting equation - Note:Becauseofthenumberofcolumns ... - Free Printable

Blank accounting equation - Note:Becauseofthenumberofcolumns ...

Educational worksheet: Blank accounting equation - Note:Becauseofthenumberofcolumns .... Download and print for classroom or home learning activities.

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Show Answer Key & Explanations Step-by-step solution for: Blank accounting equation - Note:Becauseofthenumberofcolumns ...
- Question 1:
- a: Capital = 8980
- b: Liabilities = 365
- c: Liabilities = 110
- d: Capital = 4450
- e: Assets = 23000
- f: Liabilities = 110
- g: Assets = 2450
- h: Liabilities = 3100
- i: Assets = 36500

- Question 2:
- a: ✓
- c: ✓
- d: ✓
- g: ✓
- h: ✓
- i: ✓

- Question 3:
- Wrong column items:
- Bank loan (should be Liabilities)
- Debt owed to a supplier (should be Liabilities)
- Rent owed to landlord (should be Liabilities)
- Cash (should be Assets)
- Factory (should be Assets)
- Motor car (should be Assets)
- Debt owed by a customer (should be Assets)
- Capital figure: £27,500
Parent Tip: Review the logic above to help your child master the concept of accounting equation worksheet.
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