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Balance sheet, Accounting Basics
1.A business man strated business with 100million on the bank account obtained as a retirement package,
2.He used part of the money and bought a building worth 60 million,
3.He let out part of the building and received acsh 4 million,
4.He then bought a computer for business operations and paid 2million cash and promised to pay 500,000 later.
5.Hepaid the out standing balance using cash.
Construct an accounting equation for each of the transactions above
Posted Date: 12/3/2012 6:02:10 AM | Location : Uganda
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