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 |
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Buy material on credit |
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Issue new shares |
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Sell good for more than they cost for cash |
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Purchase some safety equipment for workers |
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Purchase some goods for resale |
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Receive a bill for tax |
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Take out a bank loan |
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Pay out a bank loan |
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Pay bank interest |
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Pay cheque into bank |
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Make a lease payment for hired plant |
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Pay some dividends |
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p(11)
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