Question: hi, pls help to answer this quest Question 1 Mr, Badrol established a four agency on 1 January 2021. The transactions for the month are

hi, pls help to answer this quest
hi, pls help to answer this quest Question 1 Mr, Badrol established

Question 1 Mr, Badrol established a four agency on 1 January 2021. The transactions for the month are as follows: As per the example provided below, you are required to: 1 January 2021- Started in business and deposited RM60.000 into a bank account opened specially for the business. a) Show the effects (increase/decreose) upon assets, liobilities, expenses, revenue and owner's equity for the transoctions. b) State the journal entries (debit/credit). (4 marks) c) Idenfify the appropriate book of prime entry to record the transoctions. [4 marks) (2 marks) (Total:10 Marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!