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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 342 Weeks Ago, 6 Days Ago |
| Questions Answered: | 19234 |
| Tutorials Posted: | 19224 |
MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
You are required to create transactions related to the nature of your business for theÂ
month February 2016. All the transactions are to be explained with the nature of yourÂ
business.Â
Capital Introduced (cash in hand, cash at bank & non-current assets 1Â
Loan taken from a bank 1Â
Non- current assets acquired on credit 2Â
Non- current assets acquired on cash basis 1Â
Trade goods purchased on credit (minimum 4 different suppliers) 6Â
Trade goods purchased on cash basis 3Â
Trade goods sold on credit (minimum 3 different customers) 5Â
Trade goods sold on cash basis 2Â
Return of goods by customers 2Â
Return of goods to suppliers 2Â
Payment to supplier inclusive of discount received 3Â
Payment by customers inclusive of discount allowed 3Â
Payment of expenses by cheque 5Â
Payment of expenses by cash 4Â
Receipt of income by cheque 2Â
Receipt of income by cash 2Â
Withdrawal of goods for personal use 1Â
Withdrawal of cash for personal use 1
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