2.2 Give examples of financial transactions took place in an electronics manufacturing concern: a. Commenced business with cash (1 transaction) b. An asset purchased for cash (1 transaction) C. Goods sold and the cheque received (1 transaction) d. Materials purchased on credit (1 transaction) e. Expenses paid by bank (1 transaction) f. Goods sold on credit (1 transaction) g. Payment made to creditors by bank (1 transaction) h. Cash received from debtors (1 transaction)

2.2 Give examples of financial transactions took place in an electronics manufacturing concern: a. Commenced business with cash (1 transaction) b. An asset purchased for cash (1 transaction) C. Goods sold and the cheque received (1 transaction) d. Materials purchased on credit (1 transaction) e. Expenses paid by bank (1 transaction) f. Goods sold on credit (1 transaction) g. Payment made to creditors by bank (1 transaction) h. Cash received from debtors (1 transaction)

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 1CE

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