Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Identify the Assets, Expenses, Liabilities, Revenue and Owner Equity in below ltems. Saiful and Amri opened a saloon named Roga Barber Shop in Sungai Petank,

image text in transcribed
Identify the Assets, Expenses, Liabilities, Revenue and Owner Equity in below ltems. Saiful and Amri opened a saloon named Roga Barber Shop in Sungai Petank, Kedah on 1. January 2018. An extract of their business records in 31 December 2018 ahowed 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_2

Step: 3

blur-text-image_3

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

Accounting Information Systems

Authors: Vernon Richardson, Chengyee Chang

1st edition

78025494, 978-0078025495

More Books

Students also viewed these Accounting questions