ACC406-Homework 15.09.2019.xlsx - Financial Accounting For Non-Accounting Student PAGE 22 QUESTIONS FOR 1,2 AND 5 QUESTION NO 1 a Premises-Non current

ACC406-Homework 15.09.2019.xlsx - Financial Accounting For...

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Financial Accounting For Non-Accounting Student PAGE 22 QUESTIONS FOR 1,2 AND 5 QUESTION NO 1. QUESTION NO 2. ASSET =CAPITAL + LIABILITY ASSET CAPITAL LIABILITIES 1 RM45,000 RM32,600 RM12,400 RM 45000-RM12,400=RM32,600 2 RM46,333 RM33,000 RM13,333 RM 33000+RM13,333=RM46,333 3 RM21,200 RM10,000 RM11,200 RM 21,200-RM10,000=RM11,200 4 RM45,678 RM11,111 RM34,567 RM 45,678-34,567.00=RM11,111 5 RM128,700 RM85,400 RM43,300 RM 85400+RM43,300=RM128,700 6 RM67,532 RM32,688 RM34,844 RM 67,532-32688=RM34,844 QUESTION NO.5 TRANSACTION EFFECT a) start bisnes by cash b) c) d) e) paid creditor use a chq f) debtors paid amount in cash g) owner spent cash for personal h) bought van by chq a) Premises- Non current assets b) Long-term loans- Non current liability c) insurance- expenses d) Dividend received- revenues e) Inventories- current assets f) Bank Overdrafts- current liability g) Cash in hand- current assets h) Motor Vehicles- Non current assets i) Trade receivables - current assets j) Trade Payables- current liability k) fixtures and fittings- Non current assets l) Capital- owner's equity M) Machineries- Non current asset n) Franchises- Non current assets Asset Motor increase
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Unformatted text preview: Asset Cash increase paid advertising expenses by cash liability increased Asset cash increase purchased building a loan from acf finance Asset building increased liability loan increased paid son fees school a bussiness chq Asset bank decreased Capital decreased liability creditor increased asset bank increased asset debtors decreased asset cash increased asset cash decreased capital decreased asset van increased cash decreased i) paid stationery in cash j) k) paid bank loan by chq l) m) paid shop assistant salary in cash N) paid electrical bill in cash o) deposit cash into comp bank acc stationery expenses increased cash decreased brought in personal furniture for office use asset furniture increased capital increased liability loan decreased cash bank decreased owner brought in additional cash in bussiness capital increased Asset cash increased expenses salary increased asset cash decreased expenses electric bill increased asset cash decreased asset bank increased asset cash increased...
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