With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions.

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With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions.

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phoebe wong

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With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions.


With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions.Versión en línea With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions. por phoebe wong 1 The owner started a business in cash. Choose one or more answers a Asset increases b Asset decreases c Capital increases d Capital decreases e Liability increases f No effect 2 Put cash in bank. Choose one or more answers a Asset increases b Asset decreases c Capital increases d Capital decreases e Liability increases f No effect 3 Bought a chair in cash. Choose one or more answers a Asset increases b Asset decreases c Capital increases d Capital decreases e Liability increases f No effect 4 Bought a computer on credit. Choose one or more answers a Asset increases b Capital increases c Capital decreases d Liability increases e Liability decreases f No effect 5 Paid a supplier by cheque. Choose one or more answers a Assets increases b Assets decreases c Capital decreases d Liability increases e Liability decreases f No effect 6 Sold goods on credit at cost. Choose one or more answers a Assets increases b Assets decreases c Capital decreases d Liability decreases e Liability increases f No effect 7 A customer paid in full in cash. Choose one or more answers a Asset increases b Capital increases c Capital decreases d Liability increases e Liability decreases f No effect 8 The owner introduced a motor van into the business. Choose one or more answers a Asset increases b Asset decreases c Capital increases d Capital decreases e Liability increases f Liability decreases 9 The owner withdrew office equipment for his private use. Choose one or more answers a Asset increases b Asset decreases c Capital increases d Capital decreases e Liability increases f Liability decreases Feedback 1 Asset and Capital increase 2 No effect 3 No effect 4 Asset and Liability increases 5 Asset and Liability decreases 6 No effect 7 No effect 8 Asset and Capital increases 9 Asset and Capital decreases

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With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions.

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With reference to the accounting equation: Asset = Capital + Liability, show the NET effect on the asset, liability and capital for each of the following transactions.Versión en línea

por phoebe wong

The owner started a business in cash.

Choose one or more answers

Put cash in bank.

Choose one or more answers

Bought a chair in cash.

Choose one or more answers

Bought a computer on credit.

Choose one or more answers

Paid a supplier by cheque.

Choose one or more answers

Sold goods on credit at cost.

Choose one or more answers

A customer paid in full in cash.

Choose one or more answers

The owner introduced a motor van into the business.

Choose one or more answers

The owner withdrew office equipment for his private use.

Choose one or more answers

Feedback