Question
Provide an example for each of the following types of transactions: a. A company started its business with cash. (1 transaction) b. Cash is deposited
Provide an example for each of the following types of transactions:
a. A company started its business with cash. (1 transaction)
b. Cash is deposited in the companys bank account. (1 transaction)
c. The company purchased an asset by cheque. (1 transaction)
d. The company purchased goods on credit. (1 transaction)
e. The company sold assets by cheque. (1 transaction)
f. The company receives cash for other income. (1 transaction)
g. Construct a table of Accounting equation table and show the effect of the above transactions on the
assets, liabilities and capital.
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