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2.2 Give examples of financial transactions took place in an electronics manufacturing concern: a. Commenced business with cash (1 transaction) b. An asset purchased for cash (1 transaction) C. Goods sold and the cheque received (1 transaction) d. Materials purchased on credit (1 transaction) e. Expenses paid by bank (1 transaction) f. Goods sold on credit (1 transaction) g. Payment made to creditors by bank (1 transaction) h. Cash received from debtors (1 transaction)

2.2 Give examples of financial transactions took place in an electronics manufacturing concern: a. Commenced business with cash (1 transaction) b. An asset purchased for cash (1 transaction) C. Goods sold and the cheque received (1 transaction) d. Materials purchased on credit (1 transaction) e. Expenses paid by bank (1 transaction) f. Goods sold on credit (1 transaction) g. Payment made to creditors by bank (1 transaction) h. Cash received from debtors (1 transaction)

FINANCIAL ACCOUNTING
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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Financial Accounts
2.2 Give examples of financial transactions took place in an electronics manufacturing concern: a. Commenced business with cash (1 transaction) b. An asset purchased for cash (1 transaction) Goods sold and the cheque received (1 transaction) d. Materials purchased on credit (1 transaction) e. Expenses paid by bank (1 transaction) f. Goods sold on credit (1 transaction) g. Payment made to creditors by bank (1 transaction) h. Cash received from debtors (1 transaction) C.
Transcribed Image Text:2.2 Give examples of financial transactions took place in an electronics manufacturing concern: a. Commenced business with cash (1 transaction) b. An asset purchased for cash (1 transaction) Goods sold and the cheque received (1 transaction) d. Materials purchased on credit (1 transaction) e. Expenses paid by bank (1 transaction) f. Goods sold on credit (1 transaction) g. Payment made to creditors by bank (1 transaction) h. Cash received from debtors (1 transaction) C.
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