80 1 I riuos ibon A DOUBLE ENTRY SYSTEM AND ACCOUNTING EQUATION. Chapter 3 The following transactions are given Commenced business with goods Rs 16,000 Goods sold for cash Rs. 8,000 (profit Rs. 2,000) Goods costing Rs. 2,000 sold for cash at a profit of Rs. 300 d Goods costing Rs. 1000 sold for cash at a loss of Rs. 200 Required: Accounting equation. Ans. Assets Rs. 18,100. Les NC of Account

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)