Nuha is the owner and operator of Beta Printing Services, a printing business. At the end...

 

Transcribed Image Text:

Nuha is the owner and operator of Beta Printing Services, a printing business. At the end of its accounting period, December 31, 2019, Beta Printing Services has total assets of RM 830,000 and total liabilities of RM 200,000. Using the accounting equation and considering each case independently, determine the following amounts: a) Nuha's capital, as of December 31, 2019. b) Nuha's capital, as of December 31, 2020, assumes that assets increased by RM 98,000, and liabilities increased by RM 40,000 during 2020. Nuha's assets, as of December 31, 2020, assume that the amount of capital in question a decreased by RM 182,000, and liabilities increased by RM 20,000 in 2020. Nuha's liabilities, as of December 31, 2020, assume that assets increased by RM180,000, and the amount of capital in question a decreased by RM17,000 during 2020. For every accounting equation result calculated in question b, c, and d, specify whether Beta Printing Services financial health improved or declined in terms Nuha's right to the business assets (compared to creditors' right). d) e) (5.5 Marks) Nuha is the owner and operator of Beta Printing Services, a printing business. At the end of its accounting period, December 31, 2019, Beta Printing Services has total assets of RM 830,000 and total liabilities of RM 200,000. Using the accounting equation and considering each case independently, determine the following amounts: a) Nuha's capital, as of December 31, 2019. b) Nuha's capital, as of December 31, 2020, assumes that assets increased by RM 98,000, and liabilities increased by RM 40,000 during 2020. Nuha's assets, as of December 31, 2020, assume that the amount of capital in question a decreased by RM 182,000, and liabilities increased by RM 20,000 in 2020. Nuha's liabilities, as of December 31, 2020, assume that assets increased by RM180,000, and the amount of capital in question a decreased by RM17,000 during 2020. For every accounting equation result calculated in question b, c, and d, specify whether Beta Printing Services financial health improved or declined in terms Nuha's right to the business assets (compared to creditors' right). d) e) (5.5 Marks)

Answer rating: 100% (QA)

Solution Basic Accounting Equation Equity Assets Liability a Capital Dec 31 2019 RM 830000 RM 200000 ... View the full answer