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    Book 1 Accounting

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    wongtuitiondocument
    The statements show the financial position of The Dress Shop on four consecutive days in January 20-7. On the first day, the shop had $20,000 in its bank account and no other assets or liabilities. On the second day, premises worth $15,000 were acquired and inventory was added as an asset. By the third day, trade payables of $3,000 were recorded, and on the fourth day trade receivables of $1,000 were listed as an asset while inventory decreased.

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    Book 1 Accounting

    Uploaded by

    wongtuitiondocument
    9 views1 page
    The statements show the financial position of The Dress Shop on four consecutive days in January 20-7. On the first day, the shop had $20,000 in its bank account and no other assets or liabilities. On the second day, premises worth $15,000 were acquired and inventory was added as an asset. By the third day, trade payables of $3,000 were recorded, and on the fourth day trade receivables of $1,000 were listed as an asset while inventory decreased.

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    Book1accounting

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    The statements show the financial position of The Dress Shop on four consecutive days in January 20-7. On the first day, the shop had $20,000 in its bank account and no other assets or liabilities. On the second day, premises worth $15,000 were acquired and inventory was added as an asset. By the third day, trade payables of $3,000 were recorded, and on the fourth day trade receivables of $1,000 were listed as an asset while inventory decreased.

    Copyright:

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

    Book 1 Accounting

    Uploaded by

    wongtuitiondocument
    The statements show the financial position of The Dress Shop on four consecutive days in January 20-7. On the first day, the shop had $20,000 in its bank account and no other assets or liabilities. On the second day, premises worth $15,000 were acquired and inventory was added as an asset. By the third day, trade payables of $3,000 were recorded, and on the fourth day trade receivables of $1,000 were listed as an asset while inventory decreased.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 1

    The Dress Shop

    Statement of financial position at 1 January 20-7


    Assets $ Liabilities $
    Bank 20000 Capital 20000
    20000 20000

    The Dress Shop


    Statement of financial position at 2 January 20-7
    Assets $ Liabilities $
    Bank 5000 Capital 20000
    Premises 15000
    20000 20000

    The Dress Shop


    Statement of financial position at 3 January 20-7
    Assets $ Liabilities $
    Bank 5000 Capital 20000
    Premises 15000 Trade payable 3000
    Inventory 3000
    23000 23000

    The Dress Shop


    Statement of financial position at 4 January 20-7
    Assets $ Liabilities $
    Bank 5000 Capital 20000
    Premises 15000 Trade payable 3000
    Inventory 2000
    Trade receivable 1000
    23000 23000

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