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Thread: need help abt bussines equation..plz koi help krdy

  1. #1
    ali_umar2005 is offline Senior Member+
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    Angry need help abt bussines equation..plz koi help krdy


    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?

  2. #2
    Punjabian5's Avatar
    Punjabian5 is offline Senior Member+
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    و علیکم السلام
    first question ka answer $2750 hai
    Solution :
    Ist year end total capital (investment + profit) = 23000
    2nd year
    Opening Capital=23000
    Further invest = 2000
    At Total 25000$ hai.
    Ab ap ko ye pta hona chahiye k
    Assets = liabilities + capital
    So
    54000 = 32000+22000
    Mtlb agr hm balance sheet bnayen to outer column main capital ki figure 22000 ani chahiye after all adjustment .so look
    Before adjustment = 25000
    After adjustment = 22000
    Mtlb total 3000 ki adjustment hai.question main koi profit nai btaya gya so there is no profit and all adjustments relates to drawing
    We know that
    Closing capital = opening capital + net profit - drawing
    So by putting values
    22000 = 25000 + 0 - 3000
    The value of drawings are 3000 from which 250 relates to goods so remaining are for cash
    Thats it
    Last edited by Punjabian5; 8th June 2013 at 05:11 PM. Reason: سلام کا جواب

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    the answer of question two is $126000
    Solution :
    Net business assets means capital
    The ending capital of 2009 means opening of 2010
    I have already told you the equation that
    Closing capital = opening capital + profit + new investment - drawings
    By putting the value
    274000 = 186000 + profit + 50000 - 88000
    274000 = 148000 + profit
    So profit = 126000$

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    Quote Punjabian5 said: View Post
    first question ka answer $2750 hai
    Solution :
    Ist year end total capital (investment + profit) = 23000
    2nd year
    Opening Capital=23000
    Further invest = 2000
    At Total 25000$ hai.
    Ab ap ko ye pta hona chahiye k
    Assets = liabilities + capital
    So
    54000 = 32000+22000
    Mtlb agr hm balance sheet bnayen to outer column main capital ki figure 22000 ani chahiye after all adjustment .so look
    Before adjustment = 25000
    After adjustment = 22000
    Mtlb total 3000 ki adjustment hai.question main koi profit nai btaya gya so there is no profit and all adjustments relates to drawing
    We know that
    Closing capital = opening capital + net profit - drawing
    So by putting values
    22000 = 25000 + 0 - 3000
    The value of drawings are 3000 from which 250 relates to goods so remaining are for cash
    Thats it
    Agreed

  5. #5
    Punjabian5's Avatar
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    now you should be able to understand the remaining two questions .you can also request again to solve remaining two questions but you should try yourself first otherwise it is not fair and in this way you can never learn accounting

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    Punjabian5's Avatar
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    if any point create hurdles in my solutions to you then tell me i'll try my best to solve your problems

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    ali_umar2005 is offline Senior Member+
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    Smile

    punjabian >>>>>thanks u bhai for helping me Allah ap ko hamesha khush rakhy ( ameen) mai khud se try krta hon agr koi problem hoi again to phr se bhai ko takleef do ga

  8. #8
    Punjabian5's Avatar
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    Quote ali_umar2005 said: View Post
    punjabian >>>>>thanks u bhai for helping me Allah ap ko hamesha khush rakhy ( ameen) mai khud se try krta hon agr koi problem hoi again to phr se bhai ko takleef do ga
    G bhai ap try krain agr na huwa to mujhe btayen.main insha Allah baki 2no b kr dun ga

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