Quiz

Transactions made by ABC co. plc. a public accounting firm, for the month of

September are shown below. Prepare a tabular analysis which shows the effects of

these transactions on the expanded accounting equation

Sep. 1 The company issued ordinary shares for €22,500 cash.
Sep2. The company purchased €8,200 of office equipment on credit.
Sep3. The company received €9,400 cash in exchange for services performed.
Sep10. The company paid €850 for this month’s rent.
Sep12. The company paid a dividend of €1,500 in cash to shareholders.
Sep 14. Purchases computer equipment for €4,900 cash.
Sep16. Payment of €6000 that is payable on purchase of office equipment in Sep. 2.
Sep20. Purchases for €2,200 supplies expected to use for several months on account.
Sep=September
 Group Assignment
General instruction of your assignment

 Submission date;- Feb., 25/2024

 Max. group member---7

 Presentation date;- march 3, 2024

 Max. mark;- 10%

 Max. page of the assignment;- 15

 Coping of answer from other group is not acceptable.

 Clearness and Neatness of writing has its own value

Question;- List and discuses briefly about assumptions and

principles of accounting with example under IFRS standards.