National College of Business and Arts

IV. Describe each transaction as to: a. Increase in one asset, decrease in another asset b. Increase in an asset, increase in liability c. Increase in an asset, increase in capital d. Decrease in an asset decrease in liability e. Decrease in an asset, decrease in capital f. Increase in liability, decrease in capital Choose the letter of the correct answer _____ 1. The owner invests cash to the business. _____ 2. Received cash for providing services to clients. _____ 3. Paid employees’ salaries. _____ 4. Issued check for equipment purchased for cash _____ 5. The owner of the firm took assets out of the business personal use. _____ 6. Performed services to clients on account. _____ 7. Received payment from clients previously billed for services rendered on account. _____ 8. Purchased supplies on account. _____ 9. Issued check in payment for supplies purchased on account. _____ 10. Billed customers for services rendered on account. _____ 11. Paid Meralco bill for the light and power consumed for the month. _____ 12. Received a bill from PLDT but payment is to be made next month. _____ 13. The owner invested additional cash to the business. _____ 14. Rendered services to clients receiving a promissory note. _____ 15. The owner withdrew cash for personal use.

On January 1, 2019, Super Company Acquired 90% of the outstanding shares of Hero Inc at book value. During 2019 and 2020, intercompany sales amounted to P2,000,000 and P4,000,000, respectively. SuperCompany consistently recognize a 20% mark-up based on sales while Hero Inc. had a 25% gross profit onsales.The Inventories in the buyers’ books, which all came from intercompany transactions show:Dec 31,2019 Dec 31,2020Super P240,0000 160,000Hero 100,0000 40,000On October 1,2020, Hero Inc., purchased a piece of land costing P1,000,000 from Super Company for P1,500,000. On the other hand, on July 1,2020, Hero Inc., sold an equipment with a carrying value of P60,000 and remaining life of 3 years to Super Company for P42,000

1:On January 1, 2019, Super Company acquired 90% of the outstanding shares of Hero Inc. at book value. During 2019and 2020, Intercompany sales amounted to P2,000,000 and P4,000,000, respectively. Super Company consistentlyrecognize a 20% mark-up based on sales while Hero Inc. had a 25% gross profit on sales.

Paano nakakatulong ang pag unawa sa barayti at rehistro ng wika sa pag buo ng mas maayos na komunikasyon?

partners RJ, RS and RX share profits and losses in the ratio of 5:3:2. At the end of a very unprofitable year, they decided to liquidate the firm. The patner's capital account balances at this time are as follows: