Form4 PA questions

2008-12-23 10:58 pm
How should the following transactions be recorded in ledger accounts (T-account)?

1) Sep1: Started a business with cash in hand $50,000, banked immediately.
2) Sep3: Bought machinery $20,000, financed by a bank loan.
3) Sep10: Withdrew cash $1,000 from bank into office safe.
4) Sep10: The owner introduced office furniture $6,000 for business use.
更新1:

One more Economics question-- Government imposes a two-month-period fishing moratorium for breeding of fishes. Will the total revenue of the fish ball producers increases or decreases? Please explain your answer with reasons. Thank you.

回答 (2)

2008-12-24 12:10 am
✔ 最佳答案
1) Dr: Cash $50,000 Cr: Capital $50,000
Dr: Bank $50,000 Cr: Cash $50,000
你寫Dr: Bank $50,000 Cr: Capital $50,000都接受.
2) Dr: Machinery $20,000 Cr: Bank loan $20,000
3) Dr: Cash $1,000 Cr: Bank $1,000
4) Dr: Office furniture $6,000 Cr: Capital $6,000

2008-12-24 07:19:14 補充:
There will be low supply of fish (or may even no) within a two-month-period fishing moratorium in the market. Draw a demand-supply curve for fish. When the supply of fish in the mkt falls, supply curve shifts to the right. Thus, equilibrium price increases.

2008-12-24 07:19:24 補充:
Production of fish ball needs fish. When the price of fish increase, the supply of fish ball decrease as cost of production decreases, other things being constant.

2008-12-24 07:19:27 補充:
Whether the TR of fish ball increase or decrease depends on elasticity of demand. Draw demand-supply curves for demand of fish balls are inelastic and elastic.
2008-12-24 12:53 am
我驚你唔係好明,所以我會分開解釋
Sep1: Started a business with cash in hand $50,000
Capital(Cap)
Cr:$50,000
banked immediately
Bank(Asset)
Dr:$50,000
因為佢話開公司,入$50,000去公司,再把$50,000立即存入Bank

Sep3: Bought machinery $20,000
Machinery(Asset)
Dr:$20,000
Bank Loan(Liablities)
Cr:$20,000
題目係買機器$20,000,d 錢就係借番黎既

Withdrew:提出
cash from bank :係銀行取錢

3)因為佢係把公司既存款放番入公司,所以無變

4)The owner introduced office furniture $6,000 for business use
即係有人把自己既傢俬放入公司
Cr.Capital
$6,000

本人對會計的中英文都熟悉

2008-12-23 21:51:25 補充:
我會有少少解釋,希望你會明白...
參考: 自己, 自己


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