POA by Ng Lai keen annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y en-us 2025-04-23 03:54:36 UTC 2025-04-23 04:17:30 UTC hello@padlet.com ng_lai_keen_annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420831480 State the accounting equation

]]> 2025-04-23 03:59:08 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420831480 Timothy https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832073 Asset = Equity + Liability

]]> 2025-04-23 03:59:37 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832073 Gabriel Foo https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832376 Assets= Liabilities+Equity

]]> 2025-04-23 03:59:57 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832376 Capital= Profit - Drawings ho_kai_wei_josiah https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832386 Josiah

]]> 2025-04-23 03:59:59 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832386 emmanuel https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832800 Assets=Liabilities+Owner’s Equity

]]> 2025-04-23 04:00:20 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420832800 lebron isaiah_lee_heng_wei https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420833351 assets = equity+ liability

]]> 2025-04-23 04:00:48 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420833351 ng_lai_keen_annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834106 If Sales revenue = $40000, Sales returns=$5000 and cost of sales = 20000, what is the gross profit

]]> 2025-04-23 04:01:30 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834106 Gabriel Foo https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834156 15000

]]> 2025-04-23 04:01:34 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834156 15000 ho_kai_wei_josiah https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834593 Josiah

]]> 2025-04-23 04:01:58 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834593 Timothy https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834715 Gross profit 40000-5000-20000

=15000

]]> 2025-04-23 04:02:05 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420834715 emmanuel https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420835136 150000

]]> 2025-04-23 04:02:31 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420835136 ng_lai_keen_annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420835917 What is the difference between current assets and non-current assets

]]> 2025-04-23 04:03:20 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420835917 big daddy james isaiah_lee_heng_wei https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420836151 15000

]]> 2025-04-23 04:03:32 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420836151 Current assets are within one accounting period while Non current is across multiple ho_kai_wei_josiah https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420836858 Josiah

]]> 2025-04-23 04:04:12 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420836858 Gabriel Foo https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420836883 Non-current assets last longer than an accounting period while current assets are ulsed up within the accounting period

]]> 2025-04-23 04:04:15 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420836883 lebron gyat james isaiah_lee_heng_wei https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420837384 current assets are at your disposal while non current are moenytary

]]> 2025-04-23 04:04:37 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420837384 https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420837569 current assets like mmoney while non current assets are inventory and property

]]> 2025-04-23 04:04:50 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420837569 https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420838779 How long it takes something to turn into cash

]]> 2025-04-23 04:06:00 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420838779 ng_lai_keen_annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420839762 What is the difference between income and expenses?

]]> 2025-04-23 04:06:53 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420839762 Timothy https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420840349 Income is the money you earn while expenses is the money spent

]]> 2025-04-23 04:07:23 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420840349 Gabriel Foo https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420840395 Income refers to money you earn through various means while Expenses refer to money you spend on various accounts

]]> 2025-04-23 04:07:26 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420840395 https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420840644 Income is amounts earned from the activities of the business. While Expense is amount incurred to earn income in the same accounting period

]]> 2025-04-23 04:07:38 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420840644 isaiah_lee_heng_wei https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420842418 income is the money u make from sales or other forms of income while expenses are cost having to be paied

]]> 2025-04-23 04:08:57 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420842418 ng_lai_keen_annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420845234 If business has the following balances, what is the capital?

Rent expense 4000 Trada payables $12000

Salaries 6000 Capital =?

Motor vehicles 20000

Fixtures and fittings $30000


]]> 2025-04-23 04:11:32 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420845234 Gabriel Foo https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420845796 48000

(20000+30000)-(12000-(4000+6000))

]]> 2025-04-23 04:12:05 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420845796 Timothy https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420846001 Capital=(30000+20000)-(4000+12000+6000)

=28000

]]> 2025-04-23 04:12:16 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420846001 https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420846033 Capital=Assets−Liabilities=50,000−12,000=$38,000​

]]> 2025-04-23 04:12:18 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420846033 48000 ho_kai_wei_josiah https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420846902 Josiah

]]> 2025-04-23 04:13:08 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420846902 https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420847876 Assets=20,000+30,000+4,000+6,000=60,000Liabilities=12,000Capital=60,000−12,000=48,000​

]]> 2025-04-23 04:14:06 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420847876 ng_lai_keen_annie https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420849027 what is the journal entry for:

Sold goods costing $4000 for $9000 on credit

]]> 2025-04-23 04:15:17 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420849027 Gabriel Foo https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420849864 Dr Trade Receivables 9000

Dr Cost of Sales 4000

Cr Inventory 4000

Cr Sales Revenue 9000

]]> 2025-04-23 04:16:07 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420849864 emmanuel https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420851027 dr trade receivables 9000

cr inventory 40000

]]> 2025-04-23 04:17:07 UTC https://padlet.com/ng_lai_keen_annie/q00mkt6s2wqfj49y/wish/3420851027