(a) (b) The accounting equation is a basic principle of accounting and a fundamental element of...

 

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(a) (b) The accounting equation is a basic principle of accounting and a fundamental element of the Statement of Financial Position. Required State the component of the expanded accounting equation. For each of the account below, indicate each account whether it would appear on the Statement of Profit and Loss (PL), Statement of Financial Position (FP), or Statement of Changes in Equity (CE): a. b. d. e. f. g. h. i. k. Owner's Drawings Office Supplies Notes Payable Owner's Capital (Beginning) Motor Vehicle Salaries Expense Account Receivables Equipment Advertising Expense Cash Service Revenue (Note: Use the table format below to write your answers) PL/FP/CE a. b. Accounts. C. d. e. f. g. h. i. j. (1.5 mark) (5.5 Marks) (a) (b) The accounting equation is a basic principle of accounting and a fundamental element of the Statement of Financial Position. Required State the component of the expanded accounting equation. For each of the account below, indicate each account whether it would appear on the Statement of Profit and Loss (PL), Statement of Financial Position (FP), or Statement of Changes in Equity (CE): a. b. d. e. f. g. h. i. k. Owner's Drawings Office Supplies Notes Payable Owner's Capital (Beginning) Motor Vehicle Salaries Expense Account Receivables Equipment Advertising Expense Cash Service Revenue (Note: Use the table format below to write your answers) PL/FP/CE a. b. Accounts. C. d. e. f. g. h. i. j. (1.5 mark) (5.5 Marks)

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The provided image contains two problems related to accounting principles The first is a question about stating the component of the expanded accounti... View the full answer