FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Identify the Assets, Expenses, Liabilities, Revenue and Owner Equity in below Items. Saiful and Amri opened a saloon named Rega Barber Shop in Sungai Petani,

image text in transcribed
Identify the Assets, Expenses, Liabilities, Revenue and Owner Equity in below Items. Saiful and Amri opened a saloon named Rega Barber Shop in Sungai Petani, Kedah on 1 January 2018. An extract of their business records in 31 December 2018 showed the following balances: 1. Saloon chairs 2. Hair dryers and other equipment 3. Inventories 4. Cash at bank 5. Cash in hand 6. Utilities 7. Sales 8. Commission received 9. Bank overdraft 10. Loan from Agrobank 11. Capital

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

Quality Auditor Guide Theory And Application Made Easy

Quality Auditor Guide Theory And Application Made Easy

Authors: Warren Alford

1st Edition

1453899774, 978-1453899779

More Books

Students also viewed these Accounting questions

Question

★★★★★
In addition to price-weighted and value-weighted indexes, an equally weighted index is one in which the index value is computed from the average rate of return of the stocks comprising the index....

Answered: 1 week ago

Question

★★★★★
A supermarket has the following minimum personnel requirements during the week. Each employee is required to have two consecutive days off. How many regular employees are required and what is a good...

Answered: 1 week ago

Question

★★★★★
Apply behavioral approaches to modifying behavior in and out of the classroom using applied behavior analysis approaches to encourage and discourage behaviors, shaping, positive practice, contingency...

Answered: 1 week ago

Question

★★★★★
The standard heat of combustion (Hc) of liquid 2.3,3-trimethylpentane [C8H18] is reported in a table of physical properties to be 4850 kJ/mol. A footnote indicates that the reference temperature for...

Answered: 1 week ago

Question

★★★★★
Total gross sales for the period include the following: Credit card sales (discount 3%) Sales on account (2/15, n/60) $ 8,900 $ 9,700 Sales returns related to sales on account were $800. All returns...

Answered: 1 week ago

Question

★★★★★
When it comes to television performance, audience rapport is not very important

Answered: 1 week ago

Question

★★★★★
Articulate the internet recruiting strategy you will suggest for Kohl\'s and justify your selections. Will Kohl\'s have a jobs page linked to the website? Will you also use sites, such as LinkedIn or...

Answered: 1 week ago

Question

★★★★★
HR wants to send the completed budget reports to the various department managers ( managers are employees ) . To do so , they need a current listing of the department managers to contact. For this...

Answered: 1 week ago

Question

★★★★★
A video game is designed so that each day, the player experiences different weather, chosen at random. Someone looks at the code for the game and sees that the chance of getting clouds on a...

Answered: 1 week ago

Question

★★★★★
Write essay of a minimum of 1100 and a maximum words of 1400 ( pages of 3 -4) on the following: 1. Briefly differentiate between the modes of transport the business will need to utilise to gettheir...

Answered: 1 week ago

Question

★★★★★
Sara Lehtonen is the president and owner of Lehtonen Consulting Inc. (LCI). LCI provides various market research services to identify and understand customer preferences through three activities: (1)...

Answered: 1 week ago

Question

★★★★★
Spotlight Rsums is a complete rsum-writing service that assists in preparing rsums, applications to graduate schools, and cover letters. Scott Regis, the owner of Spotlight Rsums, has hired you to...

Answered: 1 week ago

Question

★★★★★
Write a letter asking them to refund your $1,500 down payment.

Answered: 1 week ago

Question

★★★★★
Technology. You are currently employed by the City of Silver Springs in the accounting department. One of your colleagues, Paul Armstrong, was recently diagnosed with a brain tumor and underwent...

Answered: 1 week ago

Previous Question Next Question