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Group Assignment

The document outlines an assignment for Level III Accounting students at Infolinc University College Dilla Compass, focusing on the principles of debit and credit related to various accounts. It includes a scenario involving the sale of merchandise on credit and requires students to analyze the affected accounts and their classifications. Additionally, students are tasked with preparing financial statements including an income statement, balance sheet, and change in equity based on provided financial data.

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3 views1 page

Group Assignment

The document outlines an assignment for Level III Accounting students at Infolinc University College Dilla Compass, focusing on the principles of debit and credit related to various accounts. It includes a scenario involving the sale of merchandise on credit and requires students to analyze the affected accounts and their classifications. Additionally, students are tasked with preparing financial statements including an income statement, balance sheet, and change in equity based on provided financial data.

Uploaded by

terefeacc
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Infolinc University Collage Dilla Compass

Assignment Of Process Payment Documentation For Level III


Accounting Students

1. Discuss The principles of debit and credit for Cash, Accounts


Payable, Accounts Receivable Merchandise inventory and Office
equipment
2. The sale of Merchandise at br. 68,900 on Credit : The analysis would
therefore be:
A. What are the names of the accounts affected?
B. What is the classification of each account affected?
C. How is the balance of each of these accounts changed?

A. The company Sales is 78,300


B. the operating Expense is 60,000
C. office equipment 30,000
D. His Merchandise inventory 70,000
E. his Begging Capital invest on cash 50,000
F. company Liabilities 100,000
3. Based on The Above information Prepare financial Statements Income
statement , Balance sheet and Change in Equity

NB the group only 5 member and all Questions are have Presentation and
Use only A4 size Paper

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