Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Download 1. Identify the errors, if any, in the journal entries for the given transactions. If there is no error writen error 2 marks for

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Download 1. Identify the errors, if any, in the journal entries for the given transactions. If there is no error writen error 2 marks for the each entry a) Started business with capital of AID 100.000 Capital 900.000 100,000 Capital invested Space for the correct entry Paid salaries to Mr AB AED 5.000 Salaries All's account Salary paid to AS MacBook Pro op - Downlod Pago 0 - 200 b) Paid salaries to Mr Ali AED 5,000 Salaries All's account Salary paid to A c) Received Fees from its AED 10.000 Cash Client MacBook Pro G H I J K L Page os 0 - 200 d) Received a loan of AED 50,000 from bank Loan account 2. You are given the following Journal entries of a firm for a period. Prepare cash account. 1 marks each 1/1/16 Cash 60,000 Bank 60,000 MacBook Pro Dead Page 5 0 - 200 2. You are given the following journal entries of a firm for a period. Prepare cash account. 1 marks each 1/1/16 Cash Cash withdrawn from bank 3/1/16 Reht Cash 9/1/16 Land 20.000 20,000 Land purchased MacBook Pro a bitchure.com Pago 5 0 - 3. All questions carries 1 marks each a) Revenue - expenses b) . is the financial tool that focuses on the present condition of a business. c) Initial cost-residual values Cost flow is in the order in which the costs were incurred. OD 100 - $ 81999 MacBook Pro ilmu OP

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Fraud Auditing And Detection Guide

Authors: Rebecca S. Busch

2nd Edition

978-1118179802

More Books

Students also viewed these Accounting questions

Question

What lessons in intervention design, does this case represent?

Answered: 1 week ago