How to answer Exercise 3.3 analysing and designing accounting?

Chapter 3: Analysing and Designing Accounting Systems 47 Exercise 3.3: The manager of Colin's Hardware had the following document in his possession. TOPLINE TIMBERYARD Geelong Road West Footscray 3012 Charge to: Colin's Hardware No. 24512 Date: 2/5/05 Terms: 30 days 5 Charles Street Laurensville 3999 Goods supplied: Value Total cost Quantity Description 10 20 1000 x 100 x 50 mm treated pine $8.25 $82.50 700 140.00 3 metre sleepers TOTAL OF THIS INVOICE $222.50 a What is the name of this document? b What is the nature of the transaction shown in this document? c Would Colin's Hardware have the original or a copy of this document? Explain your answer. d Explain what is meant by the note Terms: 30 days e State the twofold effect this document has on the statement of financial position of: i Colin's Hardware ii Topline Timberyard dor the following document