Transaction Assets Liabilities Capital a) The owner brought in his furniture for business use b) Bought motor van on credit for business use c) Deposited cash into a bank d) Sold goods on credit to Ayoyo Sdn Bhd e) Paid creditor Imran Enterprise by cheque f) Bought goods on credit from Batani Enterprise g) The owner invested additional cash into business h) Goods are returned by Batani Enterprise because damage i) Received a loan from OACC Bank

A per the accounting rules: Assets = Capital + Liability Assets will always be equal to Capital and…

Answered: Transaction Assets Liabilities…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Transaction	Assets	Liabilities	Capital
a) The owner brought in his furniture for business use
b) Bought motor van on credit for business use
c) Deposited cash into a bank
d) Sold goods on credit to Ayoyo Sdn Bhd
e) Paid creditor Imran Enterprise by cheque
f) Bought goods on credit from Batani Enterprise
g) The owner invested additional cash into business
h) Goods are returned by Batani Enterprise because damage
i) Received a loan from OACC Bank

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