ASSETS              LIABILITIES                     EQUITY Purchase  of supplies on credit       Paid utility expense       Received a loan granted by a bank       Withdraws cash from the business       Paid salaryies and wages       Received cash from customers as sales       Received promisorry note from rental  business       Paid advertising  expense       Paid P1,000 to creditors       Billed custumer for videoke rental

Q: II. For each transaction indicate whether the assets, liabilities, or owner"s equity increased (I),…

A: Below is the effect of the transactions

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Q: Problems 1 State whether the following are non-current assets, current assets, owner's equity. (a)…

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Q: Direction: Indicate whether it is an increase, decrease, or no effect on the asset, liabilities, and…

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Q: II. For each transaction indicate whether the assets, liabilities, or owners equity Liabilities…

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Q: Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor…

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A: Journal entry means the entry in prime book with chronological order. Journal entry should have…

Q: Instructions: ldentify each of the following accounts as an asset, Liability or Equity. ACCOUNTS…

A: Assets refer to the properties helf by the business and includes advance payments and debtors.…

Q: Directions: Record the transactions directly into the T-accounts. The transactions are independent…

A: Hey there, since multiple sub-parts are posted only the first three questions will be answered.…

Q: Pre-Assessment Identify the following as Operating, Investing or Financing Activity. Write your…

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A: Under accrual basis, expenses and revenues are recorded when they are actually incurred or earned…

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Q: Required: Record the debit and credit in the appropriate account for each of the following trans-…

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Q: For each transaction, tell whether the assets, liabilities and equity will increase (I), decrease…

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Q: ANALYSIS. For each transaction indicate whether the assets, liabilities, or owner's equi increased…

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Q: indicate whether the assets, liabilities, and equity will be increased, decreased, or no effect. 1…

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Q: ain, congratulations! You made it. Now Indicate whether it is an increase (+), decrease (-), or no…

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Q: Brought additional capital into the business Deposited into bank Purchased goods and paid by cheque…

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Q: Prepare income statement Particulars Sales Purchases Salaries Motor expenses Rent Insurance General…

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Q: Cadelina Maintennace Services completed the following trans a. Paid for supplies purchased on…

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.