asset On 1 January 2014, Mary started her business by depositing her own cash $300,000 into...
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asset On 1 January 2014, Mary started her business by depositing her own cash $300,000 into the firm's back account and introducing her motor van costing $80,000 into the firm. In addition, the firm borrowed $40,000 from Mary's friends to buy goods for the business. Total revenues and total expenditures of the firm for the year ended 31 December 2014 amounted to $120,000 and $45,000 respectively. What is the amount of Mary's capital as at 31 December 2014? V500 asset On 1 January 2014, Mary started her business by depositing her own cash $300,000 into the firm's back account and introducing her motor van costing $80,000 into the firm. In addition, the firm borrowed $40,000 from Mary's friends to buy goods for the business. Total revenues and total expenditures of the firm for the year ended 31 December 2014 amounted to $120,000 and $45,000 respectively. What is the amount of Mary's capital as at 31 December 2014? V500
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Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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