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CSEC Principles of Accounts · January 2016 · Paper 2 · Question 1(b)

Complete the table to show the effect of each transaction on the opening balances of Assets, Liabilities, and Capital for St Jude's business using plus (+) and minus (-) signs appropriately, and compute the closing balance.

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Other parts of this question

  1. 1(a)Using the order of permanence, prepare a classified Statement of Financial Position (Balance Sheet) for J. Lampjack as at 31 December 2015.[12 marks]

More practice: the rest of this paper · more The Balance Sheet and Accounting Equation questions · all CSEC Principles of Accounts past papers