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Direction: On the space provided, answer YES if the transaction is accountable or can be recorded in the books of accounts, and NO if
Direction: On the space provided, answer YES if the transaction is accountable or can be recorded in the books of accounts, and NO if not accountable. 1. Payment of family's medical expenses 2. Received cash for services rendered to clients 3. Payment of rice and fish for family's consumption 4. Withdrawal of cash from the business 5. Investment of computer equipment to the business 6. Payment of government taxes and licenses 7. Hire accountant with a salary of P45,000 per month _8. Death of the owner within the premise of the business 9. Loss incurred due to theft and robbery 10. Vacation and sick leave paid to employees 11. Gives support to an election candidate 12. Payment of company's car insurance 13. Collected receivables from customers 14. Rendered service to a customer with 20% down payment 15. Paid advertising fee to GMA Inc.
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