Analyze the Transaction and identify the effects. "The owner invested 20,000 cash for the start-up business.

Analyze the Transaction and identify the effects. "Paid Employee Salary worth 15,000 in cash.

Analyze the Transaction and identify the effects. "Acquire Office Equipment worth 50,000 on account"

Analyze the Transaction and identify the effects. "Received Water Bill and Electric Bill for the Month."

Analyze the Transaction and identify the effects. "The owner pull-out cash from the business for personal use."

This Phase of accounting ensures chronological order of writing down business transaction in the books of account.

This Phase of accounting took in charge of sorting business transaction into categories either asset, liabilities or owners Equity

This Phase of accounting prepares financial statement from all the recorded business transaction this includes income statement, capital statement and balance sheet.

This Phase of accounting prepares quantitative and qualitative financial information to its intended users this includes Financial ratios like acid test and return of investment

Which financial statement is also known as Income Statement this showcase the business sales and all its Operational and General Administrative Expenses.

Which financial statement is also known as Balance sheet this provides the business asset, liabilities and year end or month-end capital.

Which of the following is not an example of deceptive or unethical accounting practice.

All except one is an element of a T-Account

All except one is included in the Debit Rule of T-Account

All except one is included in the Credit Rule of T-Account

Which among the following accounting definition highlights as store house of information and serve its function to communicate financial information.

Which among the following accounting definition entails a form of discipline as it requires both knowledge and skills.

A transaction or change recognized on the financial statements of an accounting entity, this can be either external or internal.

This refer to a form of record that summarizes the increase or decreases of any specific accounting value.