Problems
w world, a business owned by Anant Pai, engaged in the following activities in the first proble
month
Under
Accou
(a) Pai invested cash in the business
(b) Paid a rental deposit refundable on vacating the office
(c) Advertised on a travel website on credit.
(d) Appointed a cashier.
(e) Received a bank loan.
( Bought a computer on part payment.
(g) Provided services on credit.
(h) Provided services for cash.
(1) Paid for the advertisement in (c).
(1) Collected payment for services provided in (g).
(k) Paid interest on bank loan.
(Paid Pai's grocery bill.
Using the format given below, state whether each activity resulted in increase or decrease in the
company's assets, liabilities and equity or had no effect on them. Consider the total effect on assets,
liabilities and equity.
Answers
Answered by
0
Answer:
sorry such a big question can't type
Similar questions