Managerial Finance for the Built Environment
Financial Statements – Task 3
Tick the appropriate boxes to show which elements would change as a result of the transactions in the left-had column – more than one is usually affected and in some cases it will be “either /or”
| Asset | Liability | Equity | Income | Expense | |
| Buy new plant |
| ||||
| Buy material on credit |
| ||||
| Issue new shares |
| ||||
| Sell good for more than they cost for cash |
| ||||
| Purchase some safety equipment for workers |
| ||||
| Purchase some goods for resale |
| ||||
| Receive a bill for tax |
| ||||
| Take out a bank loan |
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| Pay out a bank loan |
| ||||
| Pay bank interest |
| ||||
| Pay cheque into bank |
| ||||
| Make a lease payment for hired plant |
| ||||
| Pay some dividends |
|
p(11)
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