ABC Restaurant Pty Ltd Started the Year with Total Assets

question 44

Multiple Choice

ABC Restaurant Pty Ltd started the year with total assets of $90 000 and total liabilities of $40 000.During the year the business earned $100 000 in income and incurred $55 000 in expenses.Dividends paid were $10 000.
Equity at the end of the period was:

• A)$50 000.
• B)$85 000.
• C)$35 000.
• D)$45 000.

Understand the strategies for stress management and their physiological impacts.

Recognize the significance of mindfulness and meditation in mental and physical health.

Explain the concept of locus of control and its influence on health outcomes.

Understand the effects of expressive activities and biofeedback on health.

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Definitions:

B2B E-commerce

Business-to-business electronic commerce involves the online sale of products or services from one business to another.

B2C E-commerce

B2C E-commerce refers to the online selling of goods or services directly to consumers, bypassing traditional retail.

Cash Receipts Journal

A financial journal used to record all cash inflows, tracking receipts from sales, loans, investments, and other sources.

Revenue Journal

A specialized accounting journal used to record the company's revenue transactions, distinguishing them from other types of financial transactions.