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Name: A business has cash of $1,100, trade payable of $2,500, overdraft loan
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Description: A business has cash of $1,100, trade payable of $2,500, overdraft loan of $8,000, and building of $16,000. What is capital balance?

Business

Accounting

business has cash of $1,100, trade payable of $2,500, overdraft loan of $8,000, and building of $16,000. What is capital balance?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5PROB

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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