Question
Present the analysis of the below transactions: by: identyfing the account to be affected, identify the nature and mofification of elements affected by the transaction
Present the analysis of the below transactions: by: identyfing the account to be affected, identify the nature and mofification of elements affected by the transaction and apply the credit/ debit rules
- At 1.N raw materials are purchased from the supplier at the acquisition price of 20,000 CU
On 3N, the company paid the suppliers liability from its bank account;
On 5 .N the company purchases raw materials on credit from its supplier at the acquisition price of 50,000 CU and merchandise at the price of 10,000 CU; -
On 7 .N the company collects an account receivable in amount if 30,000 CU
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