1.8 The table below sets out account balances from the books of a business. The columns (a) to () show the account balances resulting from a series of transactions that have taken place over time. You are to compare each set of adjacent columns, ie (a) with (b). (b) with (c), and so on and state, with figures, what accounting transactions have taken place in each case. (Ignore VAT). (a) (b) (c) (d) (e) (1) 3. 3. 3.

1.8 The table below sets out account balances from the books of a business. The columns (a) to () show the account balances resulting from a series of transactions that have taken place over time. You are to compare each set of adjacent columns, ie (a) with (b). (b) with (c), and so on and state, with figures, what accounting transactions have taken place in each case. (Ignore VAT). (a) (b) (c) (d) (e) (1) 3. 3. 3.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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