Financial Accounting: Transactions Analysis

Example

1. Financial Accounting Demo 02: Transactions Analysis Chapter 1

2. 2 /6 Demonstration Problem DP1 To illustrate how to prepare transaction analysis in a tabular format .

3. 3 /6 Jan 1 Owner invested TK 250,000 cash to start the business Jan 5 Provided services to clients and received TK 20,000 cash payment Jan 10 Borrowed TK 30,000 from creditors Jan 13 Purchased Supplies for TK 2,500 Jan 20 Paid TK 10,000 cash to creditors Jan 25 Paid utilities expenses of TK 1,500 Jan 31 Owner withdrew TK 8,000 cash for personal purpose Problem in Demo 02

4. 4 /6 Requirements Show the effects of the above transactions by recording increases and decreases in the appropriate columns using a tabular statement model like the one presented bellow.

5. 5 /6 Solution to Demo 02

6. End of Demo 02 Thank you …