Question#01: 2+8=10 a. "Let the expense follow the revenue" Explain this simple rule in accounting. b. On September 1, Mr. Hamid started his own consulting firm, Hamid's Consulting. The following transactions occurred during the month of October: 1. Invested cash Tk. 800,000 in the business. 2. Paid Tk. 20,000 cash for October office rent. 3. Incurred Tk. 10,000 of advertising costs in the Daily Rising Sun, on account. 4. Purchased a private car for personal use from personal money worth Tk. 300,000. 5. Performed services worth Tk. 200,000; Tk. 50,000 cash is received from customers, and the balance of Tk. 150,000 is billed to customers on account. 6. Borrowed Tk. 100,000 from the bank on a note payable. 7. Received Tk. 90,000 in cash from the customers who have previously been billed in transaction (5). 8. Paid Tk 5,000 cash to supplier by Mr. Hamid. 9. Purchased equipment worth Tk. 200,000; Tk. 50,000 is paid and the balance is due. 10. Mr. Hamid withdrew $1,000 cash for personal use. Required: Prepare a tabular analysis of the transactions for the month of October.