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SEECS
BS CS 8AB
Solutions Assignment 1
Accounting Equation
A. Akram Sons
ASSETS = LIABILITIES + CAPITAL
CASH + MERCHANDISE + A/C REC + FURNITURE = ACCOUNTS PAYABLE + CAPITAL
1. 200,000 = 200,000
2. 60,000 = 60,000
3. (8000) (8000)
4 (45000) + 75,000 = 30,000
5. (25000) + 25000
167,000 + 15000 + 75,000+ 25,000 = 60,000 +222,000
= 282,000 = 282,000
B. Murad Steels
ASSETS = LIABILITIES + CAPITAL
CASH + MERCHANDISE = A/C PAY + BANK LOAN + CAPITAL
1. 1500,000 = 1500,000
2. (800,000) + 800,000 =
3. 150,000 + (100,000) = 50,000
4. 100,000 = 100,000
5. (22,000) = (22,000)
6. 15,000 = 15,000
7. (10,000) = (10,000)
933,000 + 700,000 = 100,000 +1533,000
= 1633,000 = 1633,000
1) I I NE
2) I, D NE NE
3) D D NE
4) I D NE
5) I, D NE I
6) I I NE
7) I NE I
8) D, I NE NE
9) I, D NE NE