1/1. Show the effects of transactions on the Balance Sheet Equation
a) Investment of Capital:
Mr.X, the owner invested $10,000 in cash on January 1, 2011.
b) Purchase of Building:
The owner planned to have his own shop and purchased a building wi
IS THE ART OF RECORDING, CLASSIFYING and SUMMARIZING, IN A
SIGNIFICANT MANNER AND IN TERMS OF MONEY, TRANSACTIONS AND
EVENTS WHICH ARE IN PART AT LEAST OF A FINANCIAL CHARACTER
AND INTERPRETING THE RESULTS.