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Show the effect of the following transactions

Show the effect of the following transactions

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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5. Show the effect of the following transactions Elfect Transactions (a) Started business with cash and equipment (b)Bought furniture and payment was immediately made by cheque (c) Bought stationery on credit (d) Transfer cash to company's bank account (e) Pald rental of premises by cheque Bought motor vehicles from Asia Motor Sdn. Bhd, payment made on Instalment basis (9) Pald cash for administrative expenses (b) Borrowed money from Finance Bhd. (1) Tenants paid rent due in cash
Transcribed Image Text:5. Show the effect of the following transactions Elfect Transactions (a) Started business with cash and equipment (b)Bought furniture and payment was immediately made by cheque (c) Bought stationery on credit (d) Transfer cash to company's bank account (e) Pald rental of premises by cheque Bought motor vehicles from Asia Motor Sdn. Bhd, payment made on Instalment basis (9) Pald cash for administrative expenses (b) Borrowed money from Finance Bhd. (1) Tenants paid rent due in cash
Bought motor vehicles from Asia Motor Sdn. Bhd, payment made on Instalment basis (g) Pald cash for administrative expenses (b) Borrowed money from Finance Bhd. Tenants paid rent due in cash The owner took cash to pay for her personal expenses (K) Pald wages and salaries by cheque Paid loan in cash (m) Paid water and electricity bills by cheque (n) Receivable pald the amount due in cash (0) Paid insurance on molor vehicles by cheque
Transcribed Image Text:Bought motor vehicles from Asia Motor Sdn. Bhd, payment made on Instalment basis (g) Pald cash for administrative expenses (b) Borrowed money from Finance Bhd. Tenants paid rent due in cash The owner took cash to pay for her personal expenses (K) Pald wages and salaries by cheque Paid loan in cash (m) Paid water and electricity bills by cheque (n) Receivable pald the amount due in cash (0) Paid insurance on molor vehicles by cheque
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