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Accounting Principle Assignment

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Added on  2021-04-21

Accounting Principle Assignment

   Added on 2021-04-21

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Running Head: Accounting Principle 1Project Report: Accounting Principle
Accounting Principle Assignment_1
Accounting Principle 2ContentsQuestion 1: Classify Account types..................................................................................3Question 2: Analyse Balance sheet...................................................................................3Question 3: Transaction Analysis.....................................................................................4Question 4: Ethics.............................................................................................................5Question 5: Reveres Engineering.....................................................................................6References.........................................................................................................................8
Accounting Principle Assignment_2
Accounting Principle 3Question 1: Classify Account typesAssetsLiabilities Owner's EquityRevenueExpensesCash at BankLoan from bankDrawings by ownerSales of inventoryElectricityMachineryAccounts payableCommission receivedRent paid on factoryShelving and storage racksPackaging and postageAccounts receivableInterest paid onbank loanInventoryMobile phone monthly planFork liftsLegal feesComputer equipment Office furnitureShares in public companiesQuestion 2: Analyse Balance sheetA)Owner of the business: M. Weston is the owner of the business. B)Owner’s investment:M. Weston, owner of the business has invested $ 15,000 in the business. C)Owed by customers:Customers are owed $ 1700 to business. D)Owned by suppliers:Business owed $ 800 to suppliers. E)Inventories:Inventories are the raw material; finished goods and work in process products which are analyzed as a portion of the assets of a business and these products are ready or
Accounting Principle Assignment_3

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