lOMoARcPSD|5770522

Financial Accounting and Reporting Fundamentals 2nd

Edition - Zeus Vernon Millan
Financial Markets (University of the Philippines)

StuDocu is not sponsored or endorsed by any college or university

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FALSE

FALSE
TRUE

FALSE

TRUE

TRUE

TRUE

TRUE

TRUE

FALSE

TRUE

TRUE

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FALSE

FALSE

FALSE

TRUE

FASLE

FASLE

FASLE

FASLE

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ASSET DEBIT
EQUITY CREDIT
ASSET DEBIT
ASSET DEBIT
LIABILITY CREDIT
LIABILITY CREDIT
ASSET DEBIT
INCOME CREDIT
EXPENSES DEBIT
EXPENSES DEBIT

DEBIT
DEBIT
CREDIT
CREDIT

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SALES JOURNAL
PURCHAES JOURNAL
GENERAL JOURNAL
GENERAL JOURNAL
CASH RECEIPTS JOURNAL

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C B

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Cash Owner's Capital

Equipment Cash

Cash Sales

Cost of sales inventory

inventory cash
Utilities cash
Expense
cash
inventory

Miscellaneous
cash
expense

cash
Tax expense

travel expense cash

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Account sales
receivable

Cost of
goods sold inventory

Cash Account
receivable
inventory Account payble
cash Loan payable
Account payable cash

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 lOMoARcPSD|5770522

1. F
2. F
3. T
4. T
5. F
6. F
7. T
8. F
9. F
10. F

Downloaded by Joan Nabong (joan_kate_nabong@yahoo.com)

 lOMoARcPSD|5770522

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600k

1,190,000

100,000

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+30,000

Downloaded by Joan Nabong (joan_kate_nabong@yahoo.com)

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875,000

Downloaded by Joan Nabong (joan_kate_nabong@yahoo.com)

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