Assume that you are going to start a Business after graduation. Describe 10 transactions that the business might undertake by using your own idea with the following assumptions: Started business with cash Goods purchase for cash Goods purchased on credit Any asset purchased and paid cash Any asset purchase on credit Sold goods for cash Sold goods on credit Paid any bill Paid salary to staff Cash withdraw from business for personal use Based on your own 10 transactions, prepare: 1. Financial statement
Assume that you are going to start a Business after graduation. Describe 10 transactions that the business might undertake by using your own idea with the following assumptions: Started business with cash Goods purchase for cash Goods purchased on credit Any asset purchased and paid cash Any asset purchase on credit Sold goods for cash Sold goods on credit Paid any bill Paid salary to staff Cash withdraw from business for personal use Based on your own 10 transactions, prepare: 1. Financial statement
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PB: Lavender Company started its business on April 1, 2019. The following are the transactions that...
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- Assume that you are going to start a Business after graduation. Describe 10 transactions that the business might undertake by using your own idea with the following assumptions:
- Started business with cash
- Goods purchase for cash
- Goods purchased on credit
- Any asset purchased and paid cash
- Any asset purchase on credit
- Sold goods for cash
- Sold goods on credit
- Paid any bill
- Paid salary to staff
- Cash withdraw from business for personal use Based on your own 10 transactions, prepare:
1. Financial statement
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