Chapter 1, Problem P1.47BPGB

To determine

Introduction:

Transaction Analysis: An accounting process to analyse each and every transaction that impacts business is known as transaction analysis. The analysis is done using the double entry system that impacts at least two accounts for each transaction and basic accounting equation that represents total assets of the business equals with the total liabilities and owner’s equity of the business should be followed.

To analyse:

The effects of the transactions on the accounting equation of Dance Fever taken place during the month of September 2016.