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Identify the relationships of the elements of the Accounting Equation (extended). 10 marts . Using the table provided, Mustrate the effect of the above transactions
Identify the relationships of the elements of the Accounting Equation (extended). 10 marts . Using the table provided, Mustrate the effect of the above transactions on the extended accounting in die Ahmad is a wedding service provider, following transactions are record in Accounting Equation Jan 1 Jan 5 Bought Furniture for cash AED 50 000 signed a Note Payable of 20,000 Jan 6 Provided service for cash worth AED 25,000 Jan 14 Provided service on account to a customer for AED 12,000 Jan 20 Received Payment in full for amount billed to customer on Jan 14 Jan JO Paid wages of AED 2,500 Date Assets Cash A/C Receivable Liabilities Equity NotePayable All Capital Revenue Expenses Furniture Equity (incr/Deer) by for the following four components of Equity, show if the Equity will increase on decreases 2 mark Ownvestment Owner withdrawal Revenue Expense TTTA
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