A Confirmatory Factor Analysis

1
Accounting

2
Table of Contents
Question 1..................................................................................................................................3
Part 1......................................................................................................................................3
Part 2......................................................................................................................................4
Part 3......................................................................................................................................6
Question 2..................................................................................................................................7
Accounting element for loan payable....................................................................................7
Accounting assumption..........................................................................................................8
References..................................................................................................................................9

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Question 1
Part 1
Date Details Debit ($) Credit ($)
October 1 Van A/c Dr.
To cash
(Van purchased for cash)
42000
42000
October 3 Cleaning expenses A/c Dr
To Spick and span cleaning services
(Cleaning services are taken from the
company on 30 days payment condition)
456
456
October 10 Cash A/c Dr.
Mining business A/c Dr.
To sales
(Catering service provided to mining
business)
3600
8400
12000
October 15 Computer A/c Dr.
To Accounts payable
(Laptop computer purchased for credit)
1995
1995
October 17 Wages A/c Dr.
To cash
(Waiting staff wages paid)
2100
2100
October 21 Cash A/c Dr.
To Mining business
(Amount due on corporate retreat service
received)
8400
8400
October 24 Drawings A/c Dr.
To Bank
(Paid repairing charges of the home inverter
from a business bank account)
640
640
October 29 Accounts payable A/c Dr.
To cash
(Outstanding amount for computer purchase
paid)
1995
1995
October 30 Electricity expense A/c Dr.
To cash
(Paid electricity bill for cash)
435
435
Total 70021 70021