First, explain the business transactions with the posting records (which account should have which account) and show which changes in value are mentioned in the balance sheet as a balance sheet reduction or balance sheet extension? (Do you find how many there are the balance sheet shortening and the balance sheet extension?) a) A customer pays an invoice in cash. b) A claim is offset against a liability. c) Cash withdrawal from the bank account. d) Purchase of a property against cash payment. e) Supplier receives a check to settle an invoice. f) Goods are bought on credit. g) Bank transfer to a supplier. h) A liability is converted into a loan. i) A claim is converted into a loan. 1) Repayment of a loan liability by bank transfer. NOTE: Answers without a booking record will not be rated. First, explain the business transactions with the posting records (which account should have which account) and show which changes in value are mentioned in the balance sheet as a balance sheet reduction or balance sheet extension? (Do you find how many there are the balance sheet shortening and the balance sheet extension?) a) A customer pays an invoice in cash. b) A claim is offset against a liability. c) Cash withdrawal from the bank account. d) Purchase of a property against cash payment. e) Supplier receives a check to settle an invoice. f) Goods are bought on credit. g) Bank transfer to a supplier. h) A liability is converted into a loan. i) A claim is converted into a loan. 1) Repayment of a loan liability by bank transfer. NOTE: Answers without a booking record will not be rated