solve the problem given in the above picture
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12:19 0 YiE 41 54 has the auounting fed Gue Muhammad Faizen Abid Use theit Liabilities hllowing trandactions. quation his to thout on AMets Tnd copital? Inlested ISe in. cesh I eis Purchased seautities fel cash * 1500 Purchased cash home 1sopp and (ii) balance thrayid cadting in lean auout GW) Sold securities 1500 F looo fol (V) Purchase an eld cas fot F 2800 Cash VI) Received cash Jalay E3600 as Vi ) Paid Soo tot loan and F 300 fcd with interst (vii) laid cash for expenses F 300 Received secured cash for dividend on * 200, CLOSE
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accounting transaction -
- x + 3y = 1500 liability
- 2x= 7500 { will be asset }
- it will be liabilities , as it could cause debt trap , without the terms of application of accounting
- 1000+1500 -- 2500 - sold in asset mode
- either be liability or asset
- it will led to human resource development , obivous to be asset
- x + y =500 & 2x-3y = 300 - will be liability to mode of accounting
- x - y + 6z --- 300 { asset}
- it will be pf for it journal cash flow and would be great asset
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