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help me with this, thanks in advance Question 18 Indicate the effect on assets, liabilities, capital, revenues and expenses for the following transactions. An example
help me with this, thanks in advance
Question 18 Indicate the effect on assets, liabilities, capital, revenues and expenses for the following transactions. An example is given for Transaction 1. Apply'+' (increase) and (decrease) using the following format: Items Transactions Effect on Assets Expenses Liabilities Capital Revenue Cash 3 4 i Purchased machinery by cash 2 Purchased goods on credit Credit sales to Abu Loan of RM100,000 has been approved and the money is deposited into a savings account. The repayment period is 5 years. 5 Paid salary to workers by cash 6 Incurred electricity expense of RM400 but will be settled in the next accounting period 7 Received payment from debtors in the form of a cheque 8 Interest on fixed deposit was due but not yet received 9 Owner took some cash for personal use 10 Sold goods on cash basis 11 Transferred some money from bank to petty cash
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