Accounting Business Reporting for Decision Making

CHAPTER 4 Business transactions 127 4.3 The accounting equation LEARNING OBJECTIVE 4.3 Explain the accounting equation process o ...

128 Accounting: Business Reporting for Decision Making • It is important to distinguish between business transactions and pers ...

CHAPTER 4 Business transactions 129 ILLUSTRATIVE EXAMPLE 4.3 Analysis of business transactions (income earned) ATC sends an invo ...

130 Accounting: Business Reporting for Decision Making 4.5 The accounting worksheet LEARNING OBJECTIVE 4.5 Prepare an accounting ...

CHAPTER 4 Business transactions 131 Date Transaction Effect on accounting equation 2016 September 14 The business paid $450 for ...

132 Accounting: Business Reporting for Decision Making ILLUSTRATIVE EXAMPLE 4.4 Worksheet for Advantage Tennis Coaching Septembe ...

CHAPTER 4 Business transactions 133 Advantage Tennis Coaching Balance sheet as at 30 September 2016 Assets Current assets Cash A ...

134 Accounting: Business Reporting for Decision Making ILLUSTRATIVE EXAMPLE 4.6 Journal entry for Advantage Tennis Coaching The ...

CHAPTER 4 Business transactions 135 Let us now use the ledger to record the original capital contribution made by N Cash (see il ...

136 Accounting: Business Reporting for Decision Making 5/9 The business received $10 000 from coaching services. Date Name of ac ...

CHAPTER 4 Business transactions 137 4.8 The trial balance LEARNING OBJECTIVE 4.8 Explain the purpose of a trial balance. The tri ...

138 Accounting: Business Reporting for Decision Making 4.9 Accounting errors LEARNING OBJECTIVE 4.9 Detect errors in transaction ...

CHAPTER 4 Business transactions 139 Using the accounting equation to solve for missing figures The accounting equation can also ...

140 Accounting: Business Reporting for Decision Making Summary of learning objectives 4.1 Describe the characteristics of busine ...

CHAPTER 4 Business transactions 141 transactions to ensure that the double-entry rules were correctly followed and the correct a ...

142 Accounting: Business Reporting for Decision Making APPLY YOUR KNOWLEDGE 50 marks PART A a. Discuss the difference in the rol ...

CHAPTER 4 Business transactions 143 2016 October 1 2 4 8 9 10 11 12 13 14 Contributed $50 000 into the business bank account. Pu ...

144 Accounting: Business Reporting for Decision Making SOLUTION TO 4.2 December 2016 Cash Accounts receivable Office furniture E ...

CHAPTER 4 Business transactions 145 4.3 Nicholas Cash, owner of Advantage Tennis Coaching (ATC), commenced business in September ...

146 Accounting: Business Reporting for Decision Making b. General ledger Cash 100 1/10 Balance b/d $71 270 7/10 12/10 Rent Drawi ...