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Accounting Assignment: Payment Documentation

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3 views1 page

Accounting Assignment: Payment Documentation

Uploaded by

Tere Kassa
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

INFOLINK UNIVERSITY COLLEGE DILLA CAMPUS

ACCOUNTING AND FINANCE LEVEL - III


ASSIGNMENT OF PROCESS PAYMENT DOCUMENTATION
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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