[Pogo No. [ow J Qu] 4Ul20ne CHAPTER - 2 suas s Basic ACCOUNTING TERMS - —| " jninnleh 4. |Busins Tnansactions— Business trangactions means tN Mm Peet Dt us @ | fanats Bunt Capa Mol in neon pevurns | : hich lbrings in_the yinancial pestiee) | eo] on lees Tt us upporliced by an Biidence and it Jras two oe ie obebit! sand . vudit aaa tt BUSINESS TRANSACTION © (ees Rulationghip ui the Mode wl » settlement, i z ul 5 | [Account 3 Unit Wada nteanal Eakeanal en ae gations Trans ounent / Ty onsackion Trangack Deprecinton, 64: Payment Ly @oteleal 1b Qeeried ev +0 of galary, immediately im near (ve. Purchase 6 ~ > Pur - B Goods. bi ow) ate nown t 2 “net worth! - Tk Ww Hap tol = = Oureide diabititer, a 03 a net pocetita and additonal | oduiced Tt cisuases buy nut LossesLa de cost - (Pel diobiutes = donounk owed (payable) ty business | L | Tnrennal an (Towards owner) Ses Gis Copital ouksiols . EXTERNAL LiABiLITyY the we 5 Prone te date of e- a - Banke Loan Balance Sheet. 9.- 2. Couditona, Ovendtalt Yrorte-teum Loans, : Qubstanding enpenses L Bille Payable |G |Aceetg = Tuy are the psiopenty ouairas jrything (one ual econpmic bs td On asset tangible px _in tanpille 4 care tan be ASCE TS | | i { tt i Non- Cusnent Ageete — urent eset fictiHous Astery | v u u Held to facilitake _etel Por waa Neither Fangible lousinese epenations oY convent into how intangible (net fow Rusabe (bh within @ adie The Bhovt peal au emp enter puspase ei Gq tash Bank, Or lores. Fou Ly |Fined pegort Deblow, prepaid oq Heswy anaible = ical _enpense, stock) AoWerutig emont- | enigtenee (land. expendi Wt touslcung machinery) _[Eneangible- Bo not | oods ¢ Gonds as tae comanpdity hak ae enlaces oY moanwartumed to he golds anol [Fo it_en For 24. dL =n prot neh Saaenas4ak A= ee ee Stock Lon bev 7 iilOeening aSevck-\\ Sider sin! shands utah racnning| Bt atlssiogts Yea ee ake! 1 t= Ctosi Se0ek= Stock Yin Unbndslenrthn ends vf! | wwii accounting asl! 2took us| valued c nok sGbigable |v tbmaxker | value), whither lower. +o, \o. Stock of Roun Makewial™ 1 Q.| Stock Sf Works win Progress \ | Sto uk i Finished Goods: | erable « ae fee pwiehas es = dveldesia bot and. cxidli: puschdeot a ee ty| Yuscinases Retusin = 1 =i also in as |(editors 4 person _or BEnad +o twhem —[ousiness Wek tae money adainst cade | @ vi i L Yor al 4 S a - Prom 9 QEMIINAOL fow eh = ‘bode of Gouds oOintro aoe the from Ba dos 4 Ty nite Debit ei| | an = { Tt is not weeprded tn ge books —4f actouals Sees + " * | ae : Pieas alt snd kcatd | |5 Tada itount | Pago { [i Gy Bitcomne a) Ike wholesales, Su manylactore to the stailens’ ata) | i mack peruenkage on tie | Cas igcount is | Allowed apo the: | [Gaston males tre | Ipaignnenk: Jinam ecarely | __ | pointed pesice List i jar pees S be ih Te us allowed when goods! Tk is allowed when on" b v pdoke ‘ efor ‘ Spud ed Ge PUHhaS el? Ln Oe bt t 7 qg ; ly, ib uisaablow Et dt allowed to i te the wirkailers tp enable trom to! make some vi neo ux 092 ieee u x ake R axe ay 9 i \ 4 4 peepit even. a ee. I ou. canal oe | &iCate aa ap =| Estpense due tv to “Traoling anc fs Profit [ocell Sound <1 Depiemicitke |Za Tt ¢ ai Pinapit Rano meant income pone pune | EF operating activities: ath epi e Ni devas um ial Profit = Revenue geom business operations ~ fp eset ts ce, cones y-goods antl i gn: Gain: Gain us the profit earned wu ek] it -fyvona— wa Tap | dose: dots it h_omcesi_of_tetval—eapenttl— pea ap | -| Solvent = lu i A iS =