A business commenced with capital in cash of $1,000. Inventory costing $800 is purchased on credit, and half is sold for $1,000 plus sales tax, the customer paying in cash at once. The sales tax rate is 17.5%. What would the accounting equation after these transactions show? A. Asset...
A business commenced with capital in cash of 2,000. Inventory costing 1,600 plus sales tax is purchased on credit, and half is sold for 2,000 plus sales tax, the customer paying in cash at once. The sales tax rate is 20%.What would the accounting equation after these transactions show...
Inventory costing $800 plus sales tax is purchased on credit, and half is sold for $1,000 plus sales tax, the customer paying in cash at once. TheA、Assets $1,800 less Liabilities $200 equals Capital $1,600 B、Assets $2,200 less Liabilities $1,000 equals Capital $1,200 C、Assets ...
A business commenced with capital in cash of $1,000. Inventory costing $800 plus sales tax ispurchased on credit, and half is sold for $1,000 plus sales tax, the customer paying in cash at once. The sales tax rate is 20%.
information in order to assess relative market share and establish how theyare performing in the Bonlandia and Karendia markets compared with the operations established by SSH.It is clear that long-term borrowings have decreased during 2008 and that SSH has sufficient cash flow to be repaying ...
Section A – BOTH questions are compulsory and MUST be attemptedThe Superior Business Consu Section A – BOTH questions are compulsory and MUST be attempted The Superior Business Consultancy (SBC) which is based in Jayland provides clients with consultancy services in Advertising, Recruitment and IT...