S. Patel operates a canteen in Dilkusha. The assets and liabilities of her business as at 1st March, 2006 were as follow

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S Patel Operates A Canteen In Dilkusha The Assets And Liabilities Of Her Business As At 1st March 2006 Were As Follow 1 (48.54 KiB) Viewed 11 times

S. Patel operates a canteen in Dilkusha. The assets and liabilities of her business as at 1st March, 2006 were as follows: $ 2 300 600 3 000 1 500 Cash at Bank Debtors Furniture and Equipment Creditors Proprietorship During March 2006 the following transactions took place: 5 Cash Sales $100 8 Bought a refrigerator from M.H.Homemaker for $600 and made a down payment of $200. 10. Sold goods on Credit $50 15 Received $190 from a debtor March 19 Bought goods on Credit from A.Cama $130. 24 Paid electricity bill $50 26 Paid A. Cama $100 31 The proprietor took cash for own use $80 ? Required: a. Prepare the analysis chart b. Calculate the value of the proprietorship c. Show the effects of the transaction on the equation.