Managerial Finance for the Built Environment

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”

 AssetLiabilityEquityIncomeExpense
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 

 

    
Pay out a bank loan 

 

    
Pay bank interest 

 

    
Pay cheque into bank 

 

    
Make a lease payment for hired plant 

 

    
Pay some dividends 

 

    

 

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