Business
Business, 25.06.2021 16:40, snowprincess99447

7. a.
Record the following transactions in accounting equation and show the
effect of these transactions on Statement of Financial Position.
Dolay commenced business with capital of Nu.500,000
b. Deposited into bank Nu.100,000
Bought printer for Nu.50,000
d. Purchased goods from Kinzang for Nu.25,000 on credit
Sold goods for cash Nu.15,000
f. Sold to Penjore goods on credit for Nu.5,000
g
Purchased goods for cash Nu.40,000
h Withdrew from bank Nu.10,000
i. Paid salary to office assistant Nu.5,000
j. Paid to Kinzang by cash Nu.15,000โ€‹

answer
Answers: 3

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7. a.
Record the following transactions in accounting equation and show the
effect of the...

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