Secondary : Four Topic : Accounting Equation & Balance Sheet by : Miss Law Wai Chun
Unit 1: Case study of Ann’s financial position: Accounting equation Table of Content Unit 4: Balance Sheet of Some Companies & Use of Educational courseware Unit 2: Case study of Doraemon’s Ice-Cream Shop: Change in accounting equation Unit 3: Classwork
Doraemon’s Ice-Cream Shop Balance sheet as at 31 Dec 2000 Assets $ Capital & Liabilities $ Electrical appliances 10,000Capital 150,000 Office equipment 9,000 Loan 4,000 Stock 12,000 Bank 123,000_______ 154,000154,000======
The effect of transactions on accounting equation is cumulative. Each transaction affects at least two items in the accounting equation. The accounting equation should be presented as a balance sheet.
Classwork 2.7X Complete the gaps in the following table: Assets Liabilities Capital $ $ $ (a) 55,00016,900? (b) ?17,200 34,400 (c) 36,100 ? 28,500 (d) 119,50015,400 ? (e) 88,000 ? 62,000 (f) ? 49,000 110,000
Classwork 2.9X Which of the following are assets, and which are liabilities ? (a) Motor vehicles (b) Premises (c) Money owed for goods (d) Stock for goods (e) Debtors (f) Bank loan (g) Cash in hand (h) Loan from K. Lung (i) Machinery
Singapore airlines Hong Kong Ferry (Holding) Co. Ltd. Borrow Frank wood’s Principles of Accounts for Hong Kong Vol.1 (5th Ed.) CD-Rom in the library. Read the OHT P.2-3 as revision of this chapter and read the P.4 about the double entry system as the preparation for the next chapter. Choose one of the following companies and read the items in the corresponding balance sheet