...Respond to the following: 1. Why is the knowledge of accounting concepts and terminology useful to anyone in a business activity? 2. Is there a difference between bookkeeping and accounting? Discuss. 3. Accounting reports past performance. How can this be useful when planning future operations? EXERCISE 1-6A a. Cash + Land = Creditors + Stockholders’ Equity $4,000.00 $9,000.00 $13,000.00 $6,000.00 $6,000.00 $9,000.00 $15,000.00 NA Bal. $10,000.00 $18,000.00 $28,000.00 NA b. c. d. Indeed, the accounting equation could be written as: Cash + Land = Creditors + Stockholders’ Equity Bal. $4,000.00 $9,000.00 $13,000.00 $6,000.00 EXERCISE 1-9A a. Assets = Liabilities + Stockholders’ Equity Cash = Note Payable + Common Stock + Retained Earnings 156,000 = 85,600 + 52,400 + ? Retained Earnings = $18,000.00 b. & c. Post Company Effect of 2014 Transactions on the Accounting Equation Assets = Liabilities + Stockholders’ Equity Notes Common Retained Event Cash = Payable + Stock + Earnings Beginning Balances 1. Earned Revenue 2. Paid expenses 3. Paid dividend Ending Balance d. Cash = Note Payable + Common Stock + Retained Earnings Liabilities + Stockholders’ Equity = e. Beginning/Ending Cash Balance= $156,000/$169,000 Beginning/Ending Common Stock=$52,400/$52,400 The balances of cash...
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...Patrice Rogers BA220 Financial Accounting Grantham University Ex 1-6A Components of the accounting equation Lang Enterprises was started when it acquired $4000 cash from creditors and $6000 from owners. The company immediately purchased land that cost $9000. a. Record the events under an accounting equation. Assets = Liabilities + Capital | Assets |= | Liabilities |+ | Capital |Cash |Land | | Creditors | | |10,000 | |= |4,000 |+ |6,000 | (9,000) | 9,000 |= |0 |+ |0 |1,000 |9,000 |= |4,000 |+ |6,000 | 10,000 |= |4,000 |+ |6,000 b. After all events have been recorded. Lang's obligations to creditors represent what percent of total assets? Creditors...
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...RANK LIST OF MBA CANDIDATES WHO HAVE APPEARED FOR THE ENTRANCE TEST FOR ADMISSION TO MBA COLLEGES FOR THE YEAR 2012-13. M.B.A Sl No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 CET NO. AA002 AA004 AA005 AA006 AA007 AA008 AA009 AA010 AA014 AA017 AA018 AA020 AA021 AA022 AA023 AA025 AA026 AA027 AA028 AA029 AA031 AA033 AA035 AA036 AA039 AA040 AA041 AA043 AA044 AA045 AA046 AA047 AA048 AA049 AA050 AA051 AA052 AA055 AA056 AA057 AA058 AA060 AA061 AA062 AA063 AA064 AA065 AA066 AA067 AA069 Candidate Name GENDER Version Code CET SCORE MBA Rank(*) MOHAMMED IRFAN NIRMALA Y.N MANJUNATH JEEVAN KUMAR VIJAINDRA KULKARNI REDDAPPA M V LINGANAGOUDA M PATIL ARCHANA NAIK Maitri R Bhat Shashi Kiran B.N. arupananda das RASHMI. P YELLESH V CHETAN KUMAR .S SHARATH G SANJEEV D AMRUTHA C MARIGERI Bharath kumar B.S Asha B Shilpashree M S SHASHIVENI R J SUPREETH Y S.Sandhya KUSHAL KUMAR R SARIYA FARNAZ S Madhu S N NAVEENA P SIBI AKBARALI P.T SUMAN RANI SAMINUR RAHMAN Namratha S KIRAN RAJ S DEEPIKA T M ASHWINI H PUNEETH KUMAR M Naveen V Smitha G S SUNIL M ANJURU PRADEEP CHETAN KUMAR JADAV G DILIP KUMAR V ASHWINI VIJAY PRASANNA M Jagannath Honnakatti NITHIN KUMAR KOTTE VINAY BALARAJ Yateesh Kumar V SUJAY.C Harsha G D RAJANALA MAMATHA RANI P SAMANTHA M F M M M M F F M M F M M M M F M F F F M F M F M F M F M F M F F M M F M M M M F M M M M M M F F F A2 A4 A1 A2 A3 A4 A1 A2 A2 A1 A2 A4 A1 A2 A3 A1 A2 A3 A4 A1 A3...
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