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undefined PART 1- IDENTIFY WHICH FINANCIAL STATEMENT ELEMENTS EACH OF THE FOLLOWING WOULD FALL UNDER: (50 PTS) 1. CASH DEPOSITED IN THE BANK 2. MONEY
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PART 1- IDENTIFY WHICH FINANCIAL STATEMENT ELEMENTS EACH OF THE FOLLOWING WOULD FALL UNDER: (50 PTS) 1. CASH DEPOSITED IN THE BANK 2. MONEY OWING SUPPLIERS 3. SALES FOR THE WEEK 4. MOTOR VEHICLE USED IN TRANSPORTING GOODS TO CUSTOMERS 5. COUNTERS SET UP IN THE SHOP 6. MONEY PUT INTO THE BUSINESS BY OWNER - JJ PUBLIC 7. TRADE LICENSE FEE PAID TO CITY COUNCIL 8. ADS TAKEN OUT IN LOCAL NEWSPAPER 9. RENT PAID TO LANDLORD FOR BUSINESS PREMISE 10. CREDIT PROVIDED TO CUSTOMERS 11. MONEY OWING EMPLOYEES 12. LOAN GOTTEN FROM DFC 13. OFFICE SUPPLIES PURCHASED FROM ANGELUS PRESS 14. WATER COOLER PURCHASED FOR OFFICE 15. COMPUTER PURCHASED FOR OFFICE 16. PETTY CASH TO PURCHASE MISC ELLANEOUS ITEMS 17. SHARES PURCHASED BY SHAREHOLDERS 18. INCOME TAX DEDUCTED FROM EMPLOYEES TO BE PAID INCOME TAX DEPARTMENT 19. SOCIAL SECURITY DEDUCTED FROM EMPLOYEES TO BE PAID SOCIAL SECURITY 20. INTER3EST PAID ON THE BANK LOANStep by Step Solution
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