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    Cash Loan Supply Expense Tools Salary Expense Down Payment Bills Paypable Tool Expense Services Telephone Ex Office Supplies Petrol Ex Recieable Rent

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    tanima
    The document summarizes the transactions in various asset, liability and equity accounts of a business over multiple periods: - Cash, tools, office supplies and accounts receivable are assets that fluctuate with deposits, withdrawals and payments. - Loans, bills payable and share capital are liabilities and equity that remain steady except for an additional share capital amount. - Expenses like supplies, salaries, rent etc are deducted from revenue from services to calculate the net income for each period.

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    Cash Loan Supply Expense Tools Salary Expense Down Payment Bills Paypable Tool Expense Services Telephone Ex Office Supplies Petrol Ex Recieable Rent

    Uploaded by

    tanima
    25 views4 pages
    The document summarizes the transactions in various asset, liability and equity accounts of a business over multiple periods: - Cash, tools, office supplies and accounts receivable are assets that fluctuate with deposits, withdrawals and payments. - Loans, bills payable and share capital are liabilities and equity that remain steady except for an additional share capital amount. - Expenses like supplies, salaries, rent etc are deducted from revenue from services to calculate the net income for each period.

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    3.1 sol

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    The document summarizes the transactions in various asset, liability and equity accounts of a business over multiple periods: - Cash, tools, office supplies and accounts receivable are assets that fluctuate with deposits, withdrawals and payments. - Loans, bills payable and share capital are liabilities and equity that remain steady except for an additional share capital amount. - Expenses like supplies, salaries, rent etc are deducted from revenue from services to calculate the net income for each period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    25 views4 pages

    Cash Loan Supply Expense Tools Salary Expense Down Payment Bills Paypable Tool Expense Services Telephone Ex Office Supplies Petrol Ex Recieable Rent

    Uploaded by

    tanima
    The document summarizes the transactions in various asset, liability and equity accounts of a business over multiple periods: - Cash, tools, office supplies and accounts receivable are assets that fluctuate with deposits, withdrawals and payments. - Loans, bills payable and share capital are liabilities and equity that remain steady except for an additional share capital amount. - Expenses like supplies, salaries, rent etc are deducted from revenue from services to calculate the net income for each period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    Asset Accounts Liability Accounts Equity Accounts

    Cash loan supply expense


    tools salary expense
    down payment bills paypable tool expense
    services telephone ex
    office supplies petrol ex
    recieable rent
    Asset
    Sl. No Cash car Office Supplies services Accounts Receivable
    a 1000 2000
    Balance 1000 2000 0 0
    b 10000 -20000
    Balance 11000 2000 0 0
    c 20000
    Balance 31000 2000 0 0
    d -3000
    Balance 31000 2000 -3000 0
    e 9800
    Balance 40800 2000 -3000 0
    f 3700
    Balance 44500 2000 -3000 0
    g 7130
    Balance 44500 2000 -3000 7130
    h -1810
    Balance 42690 2000 -3000 7130
    i -1620
    Balance 42690 2000 -4620 7130
    j 6920
    Balance 49610 2000 -4620 7130
    k 1300
    Balance 50910 0 -4620 7130
    -1000
    -6310
    = Liabilities + Equity
    Accounts payable Share capital car Revenue from services Supplies expense
    3000
    0 3000 0 0
    10000
    10000 3000 0 0
    18000
    28000 3000 0 0
    -3000
    28000 3000 0 -3000
    9800
    28000 3000 9800 -3000
    3700
    28000 3000 13500 -3000
    7130
    28000 3000 20630 -3000
    -1810
    28000 3000 20630 -4810
    -1620
    28000 3000 20630 -6430
    6920
    28000 3000 27550 -6430
    1300
    28000 3000 28850 -6430
    -1000
    Salaries expense Rent expense

    0 0

    0 0
    2000
    0 2000

    0 2000

    0 2000

    0 2000

    0 2000

    0 2000

    0 2000

    0 2000

    0 2000
    6310

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