Question
1.Based on the transactions below, complete the accounting equation: A.Wudda Amnani started a business with RM50,000. B.Received cash from customers RM30,000. C.Wudda Amnani withdraws RM20,000
1.Based on the transactions below, complete the accounting equation:
A.Wudda Amnani started a business with RM50,000.
B.Received cash from customers RM30,000.
C.Wudda Amnani withdraws RM20,000 to buy a car for his wife.
D.Pay utility bills RM500 by cash.
E.Purchase equipment RM5,000 by credit.
F.Purchase materials worth RM10,000 by credit.
G.Purchase merchandise RM10,000 from Syarikat Along Sdn. Bhd. 40% paid by cash and another 60% by credit.
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
