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Business Transaction Analysis

Authored by lea halos

Business

12th Grade

Used 33+ times

Business Transaction Analysis
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Atty. Jen Campaniero began the practice of law by investing ₱500,000 in cash.

increase in assets = increase in capital

increase in liabilities = increase in capital

increase in assets = increase in liabilities

decrease in assets = decrease in liabilities

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Paid monthly rental of the office space ₱20,000.

increase in assets = increase in capital

increase in liabilities = increase in assets

decrease in assets = decrease in capital

decrease in assets = decrease in liabilities

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Purchased office equipment, ₱50,000 and office supplies, ₱10,000 for cash.

increase in assets = increase in capital

increase in one form of asset = decrease in another form of asset

increase in assets = decrease in capital

increase in assets = increase in liabilities

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Completed legal work for Jenie Rose Blak and collected ₱30,000 cash.

increase in assets = increase in capital

increase in assets = increase in liabilities

increase in one form of asset = decrease in another form of asset

increase in liabilities = increase in assets

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Purchased additional office equipment from Tagig Marketing on credit, ₱50,000.

increase in assets = increase in capital

increase in assets = increase in liabilities

decrease in assets = decrease in capital

decrease in assets = decrease in liabilities

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Paid the monthly salary of the office secretary, ₱15,000.

increase in assets = increase in capital

increase in assets = increase in liabilities

decrease in assets = decrease in capital

decrease in assets = decrease in liabilities

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Completed legal work for Pedro Dimautangan on credit, ₱20,000.

increase in assets = increase in capital

decrease in assets = decrease in capital

increase in assets = increase in liabilities

decrease in assets = decrease in liabilities

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