Indicate the accounts to be debited and credited in each

Assignment Help Accounting Basics

Reference no: EM133371165

Question: complete the table and please quote references/sources

capital	assests	liabilities
100, 000	?	20, 000
?	250, 000	150,000
85, 000	200, 000	?
?	90, 000	35, 000

Indicate the accounts to be debited and credited in each of the following transactions. Montle Pty Ltd started business with P300,000 at the bank

a. Bought office furniture paying by cheque P30,000.

b. Obtained a bank loan from the bank for P120,000.

c. Purchased goods on credit from YM Ltd for P30,000

d. Sold goods on credit to AT ltd for P15,000

Reference no: EM133371165

Questions Cloud

What is the amount of jody realized gain : What is the amount of Jody's realized gain/(loss) in the liquidation of her interest? What is the amount of any recognized gain or loss to Jody?

Do you believe that customers are always right : As an industry that strives to meet, satisfy and as much as possible exceed guest expectations, do you believe that customers are always right

What would you do and how would you rebrand this franchise : Does Universal Studios, J.K. Rowlings, & Warner Bros. have a plan to release a new generation of Harry Potter fans? If so, do you agree with their approach

Reflects order of contribution : power to ensure that their name enjoys the prime authorship position. Yet the published author-order outcome is almost invariably treated as nonpolitical

Indicate the accounts to be debited and credited in each : Bought office furniture paying by cheque P30,000. Obtained a bank loan from the bank for P120,000. Purchased goods on credit from YM Ltd for P30,000

How the study contributed to your professional knowledge : how the study contributed to your professional knowledge of leisure education, (d) and a proposed future research study linked to the article.

What do you notice and how does it make you feel : Make some notes on the poem. What is going on in the poem? What do you notice? How does it make you feel?

Identify five core values as an accountant : Identify five core values as an accountant and how they align with accounting work

Sole property of the hospital and should never be released : write in 250 words and discus your opinion on this topic: The medical record is sole property of the hospital and should never be released.

User Account

All Pages