Question: Please answer his question with the basic knowledge and concepts of accounting. The boss of an enterprise was a little confused when he read the

Please answer his question with the basic knowledge and concepts of accounting.

The boss of an enterprise was a little confused when he read the statement handed over by the accountant: "The enterprise once borrowed a loan of 100,000 yuan from the bank. Which of the assets of the enterprise are purchased with this 100,000 yuan? My investment is the most important part of the enterprise. The main assets, why is my asset not specifically listed on the statement?"

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Defense Cross Examination of Corey Hyde 1. D: \"Mr. Hyde, is it true when you originally acquired your position as Avery Bancroft's assistant at the Black Bear Casino, you were not thrilled at the...

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

Opening Statement for Defense The 1948 U.S. Presidential election was a hard fight for Harry Truman. No one thought he had a shot and the folks at the Chicago Daily Tribune didn't think so either. At...

Hi Ruchi, I need help with the attached assignment. It's due in about a week. Thanks 1) The paper should be written in APA style Research Paper format. This is the link that explains the research...

Read this reading properly and create one valuable question after understanding this reading and also answer that question in brief after summarising.Also provide references for this. Reading-...

Please help me to answer the question: why is IFRS an appropriate direction for accounting practice to ensure consistency and comparability of accounting practice across the world? Use the attach...

ACC/291 Principles of Accounting II - Discussion Questions [This isn't an essay] Discussion on this Learning Activity: Week 2 Electronic Reserve Readings Wk2 DQ#6 - Liability Why is the definition of...

The following is a transcript of a video This video explores the vital role of accounting in one of the world's largest firms. Aon is a reinsurance broker, insurance broker, and employee benefits...

Give the structure of the principal organic product formed on reaction of benzyl bromide with each of the following reagents: (a) Sodium ethoxide (d) Sodium hydrogen sulfide (b) Potassium...

CFO: Billy Gifford In e-vapor, we participate in the category through our 35% economic investment in JUUL. We made the investment based on our belief that JUUL's product development strength, early...

Complete the following statement with regards to statistical IF or IFS functions. When defining the criteria argument for statistical IF or IFS functions, words and logical tests must be enclosed in

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

1-2 What is an information system? How does it work? What are its management, organization, and technology components and why are complementary assets essential for ensuring that information systems...

3. What strategic business objectives do UPSs information systems address? United Parcel Service (UPS) started out in 1907 in a closet-sized basement office. Jim Casey and Claude Ryantwo teenagers...

1. What are the inputs, processing, and outputs of UPSs package tracking system? United Parcel Service (UPS) started out in 1907 in a closet-sized basement office. Jim Casey and Claude Ryantwo...