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List three ways in which the accounting equation can be written.

Assets = Capital + Liabilities Capital = Assests - Liabilities Liabilities = Capital - Assets
RR
Answered by Raya R. • Accounting tutor
10480 Views

Raya has decided to depreciate her fixed assets. She has a printing press which was worth £500 at cost and is estimated to depreciate in value at 15% a year, Reducing balance method. Calculate the NBV at the end of year 3. Showing your working out.

Cost Price = 500 Year 1 = 500-75 = 425 Year 2 = 425 - 63.75 = 361.25 Year 3 = 361.25 - 54.1875 = 307.0625 Therefore the Net Book Value at the end of year 3 will be £307.06
RR
Answered by Raya R. • Accounting tutor
2898 Views

Show that the sum from 1 to n of 1/(2n+1)(2n-1) is equal to n/(2n+1) by Induction

First we check that this is true for n=1: S 1 = 1/(1x3) which is equal to n/(2n+1) for n=1 therefore S n = n/(2n+1) is true for n = 1. Next assume that it is true for n=k. S k = k/(2k+1). Now using this assu...
JF
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Why is the Senate important?

The Senate's chief importance comes from the unique powers that Senators have, which make them effective and influential in the policy progress. For instance, a significant power at the moment is filibusteri...
IM
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Raya wants to start a card business, however she does not have enough capital. Identify a way in which she can raise capital. What are the Advantages and Disadvantages of this method?

One option to raise capital for Raya's Card Business is through taking out a loan. This can either be from friends and family or the bank. It is my Opinion that taking out a loan from the bank is more viable...
RR
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