can any one help me ? plz tel me the simple and easy way to solve the question of The business equations ...plz look below this type of questions alway confusing me []. i want to learn completely busines equation . plz help me and tel me how to do that type of question easly . plz look below. sorry my post is in english.
Theo*started*a*business*on*1st*January*2009*with*$ 10,000*capital.**During*his*first*year*
of*trading*he*made*a*profit*of*$13,000*and*paid*a* further*$2,000*into*the*business.**He*
took*goods*costing*$250*and*with*a*selling*price*o f*$400*for*personal*use*and*at*the*
year*end*his*assets*totalled*$54,000*and*his*liabi lities*totalled*$32,000.*
What were Theo’s cash drawings during the year?
A$2,750
B$3,000
C$2,600
D$3,250
question no 2
The following information is available for a sole trader who keeps no accounting
records.
* $*
Net*business*assets*at*1*July*2009* 186,000*
Net*business*assets*at*30*June*2010* 274,000*
During*the*year*ended*30*June*2010:** Cash*drawings*by*proprietor* 68,000*
Additional*capital*introduced*by*proprietor* 50,000*
Business*cash*used*to*buy*car*for*the*proprietor†™s*wife,*
who*takes*no*part*in*the*business*
20,000*
Using this information, what is the trader’s profit for the year ended 30 June 2010?
3rd question
Butler provides the following information about his business:
* $*
Total*assets*at*31*August*2010* 134,700
Capital*at*1*September*2009* 49,750
Drawings*during*the*year*ending*31*August*2010* 12,000
Profit*for*the*year*ending*31*August*2010* 35,000
Butler did not inject any further capital during the year.
Butler’s total liabilities at 31 August 2010 were?
question no 4
Grane*provides*the*following*information*about*her *business:*
* $*
Net*assets*at*30*September*2010* 23,900
Capital*introduced*in*the*year*to*30*September*201 0* 1,000
Profits*in*the*year* 5,600
Drawings*in*the*year* 3,250
What was the balance on Grane’s capital account at 1 October 2009?
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