Scribd Logo
Upload

Welcome to Scribd!

  • 04+Practical+Example+2+ Raymond +template

    Uploaded by

    pearphelokazi45
    11 views1 page
    This document provides an accounting equation with debits and credits for various transactions that affect equity, assets, and liabilities. It shows entries for contributions of capital, purchases of land and buildings using bank loans, input VAT credits, interest income, and other basic accounting entries that update the balance sheet through debits and credits.

    Original Description:

    Original Title

    04+Practical+Example+2+ Raymond +Template (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides an accounting equation with debits and credits for various transactions that affect equity, assets, and liabilities. It shows entries for contributions of capital, purchases of land and buildings using bank loans, input VAT credits, interest income, and other basic accounting entries that update the balance sheet through debits and credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    04+Practical+Example+2+ Raymond +template

    Uploaded by

    pearphelokazi45
    This document provides an accounting equation with debits and credits for various transactions that affect equity, assets, and liabilities. It shows entries for contributions of capital, purchases of land and buildings using bank loans, input VAT credits, interest income, and other basic accounting entries that update the balance sheet through debits and credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Memo Class Test 1 2022

    Question 2: Accounting equation (Raymond)

    No. Account Dr & Cr and FS indication Calculation EQUITY ASSETS LIABILITIES


    DR CR DR CR DR CR
    1 Bank DR 650,000
    Capital CR 650,000
    2 Land and buildings 420,000
    Bank 126,000
    Input vat
    Creditors control
    10

    15

    18

    19

    21

    30 Bank Dr
    Interest income Cr

    You might also like