the middle-class and the wealth gap issues discussed given what we know about the recession and financial crisis we've experienced since 2008. Does your perspective about the financial crisis, manipulated by financial institutions and mortgage lenders, change at all? Do your thoughts about the impact of the financial crisis and following recession on different groups change?

Trade receivables 600 Subscribed capital 6600 Cash 1600 Retained earnings 200 Cash at bark 5000 Profit or loss for the year 50 TOTAL ASSETS 6600 TOTAL EQUITY AND LIABILITIES 6600 Current economic events: 1. The after-tax profit (Profit or loss for the year) has been transferred to the retained earnings. 2. The customer paid its total due debt by money transfer, and paid 50 default interest as well too. 3. The company paid 70 default interest to its supplier. Questions: 1. Balance sheet value of goods 2. Balance sheet value of cash at bank 3. Balance sheet value of retained earnings 4. Other Incomes 5. Other expenses1. Required financial statements are: a. Balance Sheet, Profit and Loss Statement. Equity Holders Statement. Cash Flows Statement and GAAP principles b. Balance Sheet, Profit and Loss Statement and Cash Flows Statement Balance Sheet. Income Statement. T accounts and Cash flows Statement d. Balance Sheet. Income Statement. Equity Holders Statement and Cash Flows Statement. 2. Looking at the balance sheet of company, could we know the market value of the assets? a. No. all assets are registered at acquired cost according to the historical cost principal b. Yes, all the assets are registered at acquired cost and depreciated or revaluated each year according to the market value c. No. according to the matching principal the market value is depreciated every year. d. Yes, Net book value of the assets + depreciation is the Market Value 3. Retained earning come from a. Net income after paying dividends plus retained earnings at the beginning of the period b. Net income c. Net income after paying dividends d. Depending on the stock price 4. Most typical non cash items are: a. Depreciation and amortization and Gain and Losses that proceeds from divestments b. Allowance for doubtful accounts (Bad debt expense) C. Impairment Losses d. All are right 5. Adjusting entries are: a. Journal entries to square the balance sheet b. Internal transactions that update account balances in accordance with accrual accounting prior to the preparation of financial statements C. Internal transactions that update account balances in accordance d. with accrual accounting E. Internal transactions that update account balances in accordance with accrual accounting after preparing of financial statementstlook - Profile 1 - Microsoft Edge - y.JI O X itlook.live.com/mail/0/deeplink Job! ED OneDrive w be acubs Jiju I ...OMPUTER-SEC.2-SEM2 (page 1 of 2.pdf 1. Based on the following transactions first fill-up the blanks and then create the Voucher in Tally software. (10X.4=4 MARKS) SI No Transaction Details of Accounts (Groups in Tally) Name of the voucher Mr. Amer introduced capital into the business RO 350,000 2 Paid salary to Said RO 9,000 in cash 3 Purchase Computer Accessories from Sonic vide bill No AA-101 Headsets 80box @RO90 Pen drives 92box @RO55 4 Received commission in cash RO 2,500 Purchased Computer Accessories from Mohsin on cash Ref No C-1 5 Digital Pens 120Nos @RO110 Hard Drives 150Nos @RO120