Question
Complete the columns to show the effect(Increase; Decrease; No Effect) of the following transaction [Note: No boxes should be left blank]. Please write the table
Complete the columns to show the effect(Increase; Decrease; No Effect) of the following transaction
[Note: No boxes should be left blank]. Please write the table in the answer book
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| Effect upon (Increase; Decrease; No Effect) | ||
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| Asset | Liability | Owners Equity |
| 1 | Repaid by cash a loan owed to J Robertson of 4000 |
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| 2 | Owner takes 400 cash from the bank for personal use |
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| 3 | Bought a computer 700 paying by cheque |
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| 4 | A debtor pays us 100 in cash |
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| 5 | Bought goods worth 150 on credit from Kate |
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Research Methods And Audit For General Practice
Authors: David Armstrong, John Grace
3rd Edition
0192631918, 978-0192631916
