F Write any ten transactions relating to the business: 1 July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000} 14 July on 2020 (Sold goods by cash by OMR 3000} 18 July on 2020 {Paid electricity by Cash OMR 400} 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 {1000 riyals for his phone card use cash 600) 27 July on 2020 (The rent for the building in the amount of OMR 800 cash} 31 July on 2020 (from the bank for 900 Oman rails}

F Write any ten transactions relating to the business: 1 July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000} 14 July on 2020 (Sold goods by cash by OMR 3000} 18 July on 2020 {Paid electricity by Cash OMR 400} 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 {1000 riyals for his phone card use cash 600) 27 July on 2020 (The rent for the building in the amount of OMR 800 cash} 31 July on 2020 (from the bank for 900 Oman rails}

Name: bloilF Write any ten transactions relating to the business1July on 20
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Description: bloilF Write any ten transactions relating to the business1July on 2020 (The Owner Put Cash in to the business OMR 3450010 July on 2020 (Bought Computer by Cash OMR 100}11 July on 2020 (Bought goods by cash OMR 1000)14 July on 2020 {Sold goods by ca

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

bloil
F Write any ten transactions relating to the business
1July on 2020 (The Owner Put Cash in to the business OMR 34500
10 July on 2020 (Bought Computer by Cash OMR 100}
11 July on 2020 (Bought goods by cash OMR 1000)
14 July on 2020 {Sold goods by cash by OMR 3000)
18 July on 2020 {Paid electricity by Cash OMR 400)
20 July on 2020 {Paid Salary by Cash OMR 1000}
21 July on 2020 {collected receivables from Customer 300}
23 July on 2020 (1000 riyals for his phone card use cash 600
27 July on 2020 (The rent for the building in the amount of OMR 800 cash)
31 July on 2020 (from the bank for 900 Oman rails)
Assignment/Home Work
University of Technology and Applied Sclences
Course ce

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QC 36.
Please help me to solve this question
Using the three column cash book, show the closing balances for; a) Cash b) Bank c) Discount allowed d) Discount Received
15.6A The following information relates to A. Trader's business: Assets and liabilities at 1 January 2019 31 December 2019 £ Fixtures 18,000 4,800 24,000 8,000 16,200 5,800 28,000 11,000 Accounts receivable Inventory Accounts payable Cash 760 240 Balance at bank Loan from B. Burton 15,600 6,000 4,600 2,000 16,000 Motor vehicle During the year, Trader had sold some of his personal investments for £4,000 which he paid into the business bank account, and he had drawn out £200 weekly for private use.