Mr. Nasir's business position on Ist January, 1990, is shown by an accountingequation given below. Each line is designated by a letter which indicates effect onthe equation of a particular transaction. Describe each of the transactions:6.+ (Owner'sEquityСash +Furniture+ Goods+ DebtorsLiabilities2000+ 2000+ 8000+ 2000+ 14000+ 2500+ 2500%3D(a)2000+ 2000+ 10500+ 20002500+ 14000(b)+ 3000• 27003005000+ 2000+ 7800+ 20002500+ 14300- 200050(c)- 19503050+ 2000+ 7800+ 2000560+ 14350400(d)- 400+ 2000+ 2000500+ 13950265000א7 ++ 1450• 150050(e)+ 2000+ 7800+ 500500+ 139004100- 200()- 2004100+ 1800+ 7800+ 500500+ 13700200(g)+ 15001700+ 1800+ 6100+ 500500+ 135605600

Name: Mr. Nasir's business position on Ist January, 1990, is shown by an ac
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Description: Mr. Nasir's business position on Ist January, 1990, is shown by an accountingequation given below. Each line is designated by a letter which indicates effect onthe equation of a particular transaction. Describe each of the transactions:6.+ (Owner'sE

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Mr. Nasir's business position on Ist January, 1990, is shown by an accounting equation given below. Each line is designated by a letter which indicates effect on the equation of a particular transaction. Describe each of the transactions: 6. + Owner's Equity Cash + Furniture + Goods + Debtors Liabilities + 2000 + 8000 + 2000 + 14000 2000 + 2500 + 2500 (a) 2000 + 2000 + 10500 + 2000 2500 + 1 4000 (b) + 3000 2700 300 5000 + 2000 + 7800 + 2000 2500 + 14300 - 2000 50 + (c) - 1950 1000 14350

Mr. Nasir's business position on Ist January, 1990, is shown by an accounting equation given below. Each line is designated by a letter which indicates effect on the equation of a particular transaction. Describe each of the transactions: 6. + Owner's Equity Cash + Furniture + Goods + Debtors Liabilities + 2000 + 8000 + 2000 + 14000 2000 + 2500 + 2500 (a) 2000 + 2000 + 10500 + 2000 2500 + 1 4000 (b) + 3000 2700 300 5000 + 2000 + 7800 + 2000 2500 + 14300 - 2000 50 + (c) - 1950 1000 14350

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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