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Accounting Principles : Assignment

   

Added on  2021-04-21

10 Pages1686 Words70 Views
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Running head: ACCOUNTING PRINCIPLE Accounting principle Name of the Student:Name of the University:Authors Note:
Accounting Principles : Assignment_1

ACCOUNTING PRINCIPLE1Table of ContentsQuestion 1- Classify Account Types:........................................................................................2Question 2 – Analyse Balance Sheet:........................................................................................2Answer to a):..............................................................................................................................2Answer to b):..............................................................................................................................3Answer to c):..............................................................................................................................3Answer to d):..............................................................................................................................3Answer to e):..............................................................................................................................3Answer to f):..............................................................................................................................3Question 3 – Transaction Analysis:...........................................................................................3Question 4 – Ethics:...................................................................................................................5Question 5 – Reverse Engineering (working backwards):.........................................................7Reference and Bibliography:......................................................................................................9
Accounting Principles : Assignment_2

ACCOUNTING PRINCIPLE2Question 1- Classify Account Types:AssetsLiabilitiesOwner’s EquityRevenueExpensesCash at BankLoan from bank–repayable in 5YearsDrawings byownerSales of inventoryElectricityMachineryAccounts PayableCommissionReceivedRent paid onfactoryShelving andstorage racksPackaging andpostageAccountsReceivableInterest paid onbank loanInventory (stockon hand)Mobile phonemonthly planFork liftsLegal feesComputerEquipmentOffice FurnitureShares in publiccompaniesQuestion 2 – Analyse Balance Sheet:Answer to a):The owner of the business is M. Weston.Answer to b):The owner’s investment in the business is 15,000.Answer to c):The customers relevantly owe to the business 1700, which is depicted in the name ofaccount receivables under Asset section.
Accounting Principles : Assignment_3

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