Skip to document
Welcome to StudocuSign in to access the best study resources
Guest user
0followers
HomeMy LibraryAsk AI
  • You don't have any recent items yet.
My Library
  • You don't have any courses yet.
  • You don't have any books yet.
  • You don't have any Studylists yet.

Financial Transaction Exercises

Financial Transaction Exercises
Course

Fundamentals of Accountancy, Business and Management (FABM2121)

210 Documents
Students shared 210 documents in this course
University

AMA University

Academic year: 2022/2023
Uploaded by:
Anonymous Student
This document has been uploaded by a student, just like you, who decided to remain anonymous.
AMA University

Recommended for you

Comments

Please sign in or register to post comments.

Students also viewed

Related documents

Preview text

Financial Transaction Sample

  1. Cash investment of the owner.
  2. Collection from various customers for services rendered.
  3. Receipt of cash proceeds of a bank loan.
  4. Payment of rent.
  5. Receipt of cash from a customer for services to be rendered in the next period.
  6. Additional investment of a computer by the owner.
  7. Payment of one-half of the bank loan.
  8. Payment of utilities.
  9. Cash withdrawal of the owner.
  10. Billings to customers for services rendered.
  11. Purchased shop supplies on account.
  12. Purchased various repair tools for cash.
  13. Incurred expenses still unpaid.
  14. Issued a note to a supplier to temporarily settle a previous account.
  15. Bought additional shop supplies and repair tools; 50% cash payment and balance payable in 15days.
  16. Paid account with a supplier.
  17. Gave shop supplies to Eric for his personal use.
  18. Received 40% down payment, balance on account for overhauling services rendered.
  19. Paid the wages of auto mechanics.
  20. Received a 20% advance payment from a customer for a truck overhaul to be rendered next month.
  21. The owner invested cash in business.
  22. The business purchased office tables and chairs with down payment and the balance payable after 30 days.
  23. The owner withdrew cash for personal use.
  24. The business purchased coupon bonds, ball pens, pencils, eraser for office use on credit.
  25. The business purchased a computer: paid one half in cash and issued a promissory note for the balance.
  26. Returned some office supplies bought in (24) due to wrong specifications.
  27. The owner made additional investment of computer.
  28. The owner withdrew office supplies for personal use.
  29. Bought a car on account. Terms: 30% down payment, 40% thru a 30-day 10%note, balance on account
  30. Opened an account for PIO English and Math Tutorial Center with Bank of the Philippines Islands through cash deposit.
  31. Paid cash for the month’s rent.
  32. Paid barangay and municipal taxes.
  33. Provided tutorial services to Grade 5 students of Lourdes School for cash.
  34. Received cash from a client for services rendered.
  35. Borrowed cash from Romy Lending Company and issued a 30-day non-interest-bearing note.
  36. Rendered tutorial services on account.
  37. Paid electricity bill and telephone bill from last month
  38. Purchased IBM personal computer on account.
  39. Paid one-month salary of the secretary.
  40. Received cash from various patients for services rendered during the month
  41. Received cash from a patient for service rendered last month
  42. Received cash from a patient for services to be rendered next month
  43. Paid rent for this month
  44. Received the power bill from MERALCO for this month
  45. Paid the salary of the secretary for this month.
  46. Paid the water bill from Maynilad for this month
  47. Received cash loan proceeds from ABC Bank.
  48. Paid for the repair of one of the computers.
  49. Received additional investments from the owner.
  50. Owner invested in her dental clinic.
  51. Purchased dental chair and dental instruments.
  52. Borrowed money from a bank
  53. Received cash from a various patient for services rendered.
  54. Paid rent.
  55. Paid utilities.
  56. Used dental supplies in rendering services to patients.
  57. Made partial payment of the bank loan plus interest.
  58. Made additional cash investment.
  59. Withdrew cash for personal use.
  60. The business building was damaged by fire

Answer Sheet

Assets = Liabilities + Equity

  1. + = O + +
  2. _______ = ________ + _______
  3. _______ = ________ + _______
  4. _______ = ________ + _______
  5. _______ = ________ + _______
  6. _______ = ________ + _______
  7. _______ = ________ + _______
  8. _______ = ________ + _______
  9. _______ = ________ + _______
  10. _______ = ________ + _______
  11. _______ = ________ + _______
  12. _______ = ________ + _______
  13. _______ = ________ + _______
  14. _______ = ________ + _______
  15. _______ = ________ + _______
  16. _______ = ________ + _______
  17. _______ = ________ + _______
  18. _______ = ________ + _______
  19. _______ = ________ + _______
  20. _______ = ________ + _______
  21. _______ = ________ + _______
  22. _______ = ________ + _______
  23. _______ = ________ + _______
  24. _______ = ________ + _______
  25. _______ = ________ + _______
  26. _______ = ________ + _______
  27. _______ = ________ + _______
  28. _______ = ________ + _______
  29. _______ = ________ + _______
  30. _______ = ________ + _______
  31. _______ = ________ + _______
  32. _______ = ________ + _______
  33. _______ = ________ + _______
  34. _______ = ________ + _______
  35. _______ = ________ + _______
  36. _______ = ________ + _______
  37. _______ = ________ + _______
  38. _______ = ________ + _______
  39. _______ = ________ + _______
  40. _______ = ________ + _______
  41. _______ = ________ + _______
  42. _______ = ________ + _______
  43. _______ = ________ + _______
  44. _______ = ________ + _______
  45. _______ = ________ + _______
  46. _______ = ________ + _______
  47. _______ = ________ + _______
  48. _______ = ________ + _______
  49. _______ = ________ + _______
  50. _______ = ________ + _______
  51. _______ = ________ + _______
  52. _______ = ________ + _______
  53. _______ = ________ + _______
  54. _______ = ________ + _______
  55. _______ = ________ + _______
  56. _______ = ________ + _______
  57. _______ = ________ + _______
  58. _______ = ________ + _______
  59. _______ = ________ + _______
  60. _______ = ________ + _______
Was this document helpful?

Financial Transaction Exercises

Course: Fundamentals of Accountancy, Business and Management (FABM2121)

210 Documents
Students shared 210 documents in this course

University: AMA University

Was this document helpful?
Financial Transaction Sample
1. Cash investment of the owner.
2. Collection from various customers for services rendered.
3. Receipt of cash proceeds of a bank loan.
4. Payment of rent.
5. Receipt of cash from a customer for services to be rendered in the next period.
6. Additional investment of a computer by the owner.
7. Payment of one-half of the bank loan.
8. Payment of utilities.
9. Cash withdrawal of the owner.
10. Billings to customers for services rendered.
11. Purchased shop supplies on account.
12. Purchased various repair tools for cash.
13. Incurred expenses still unpaid.
14. Issued a note to a supplier to temporarily settle a previous account.
15. Bought additional shop supplies and repair tools; 50% cash payment and balance payable in 15days.
16. Paid account with a supplier.
17. Gave shop supplies to Eric for his personal use.
18. Received 40% down payment, balance on account for overhauling services rendered.
19. Paid the wages of auto mechanics.
20. Received a 20% advance payment from a customer for a truck overhaul to be rendered next month.
21. The owner invested cash in business.
22. The business purchased office tables and chairs with down payment and the balance payable after 30 days.
23. The owner withdrew cash for personal use.
24. The business purchased coupon bonds, ball pens, pencils, eraser for office use on credit.
25. The business purchased a computer: paid one half in cash and issued a promissory note for the balance.
26. Returned some office supplies bought in (24) due to wrong specifications.
27. The owner made additional investment of computer.
28. The owner withdrew office supplies for personal use.
29. Bought a car on account. Terms: 30% down payment, 40% thru a 30-day 10%note, balance on account
30. Opened an account for PIO English and Math Tutorial Center with Bank of the Philippines Islands through
cash deposit.
31. Paid cash for the month’s rent.
32. Paid barangay and municipal taxes.
33. Provided tutorial services to Grade 5 students of Lourdes School for cash.
34. Received cash from a client for services rendered.
35. Borrowed cash from Romy Lending Company and issued a 30-day non-interest-bearing note.
36. Rendered tutorial services on account.
37. Paid electricity bill and telephone bill from last month
38. Purchased IBM personal computer on account.
39. Paid one-month salary of the secretary.
40. Received cash from various patients for services rendered during the month
41. Received cash from a patient for service rendered last month
42. Received cash from a patient for services to be rendered next month
43. Paid rent for this month
44. Received the power bill from MERALCO for this month
45. Paid the salary of the secretary for this month.
46. Paid the water bill from Maynilad for this month
47. Received cash loan proceeds from ABC Bank.
48. Paid for the repair of one of the computers.
49. Received additional investments from the owner.
50. Owner invested in her dental clinic.
51. Purchased dental chair and dental instruments.
52. Borrowed money from a bank
53. Received cash from a various patient for services rendered.
54. Paid rent.
55. Paid utilities.
56. Used dental supplies in rendering services to patients.
57. Made partial payment of the bank loan plus interest.
58. Made additional cash investment.
59. Withdrew cash for personal use.
60. The business building was damaged by fire

Students also viewed

Related documents