ALSARHANI YAHYA 1 REVIEW Could you answer these question: 1. What is the accounting? 2. Who uses Accounting Data? 3. What is the basic accounting equation? 4. What is the Asset? 5. What is the Liability? 6. What is the owner equity?

ALSARHANI YAHYA 2 6. What is the revenue? 7. What is the expenses? 8. What is the result if the revenue bigger then expenses?

ALSARHANI YAHYA 3 ACCOUNTING PRINCIPLE PART (2) CH 1

ALSARHANI YAHYA 4

5 A) Company provide this data: 1. The manager deposited some money in the treasury for the capital of this company. 2. Purchased some computers on the account. 3. Paid the salary by cash. 4. The manager decided to buy building to this company. 5. He was borrows some money and deposited to the treasury. 6. He returned some computers because he found some problem in these computers.

ALSARHANI YAHYA 6 7. He bought car by cash. 8. He paid his loan. 9. He received revenue by cash. 10.He repayment his purchased on the account (2). Request: Explain what is increase and what is decrease for the above by using (+) or( -)

ALSARHANI YAHYA 7 Test (1) In the following was happen in the ABC company: 1- In 1/1 ABC invests 8,000 R.O of here own money to start the business. 2- In 3/1 ABC purchases Furniture by 500 R.O cash. 3- In 4/1 ABC bought electric items by 600 cash. 4- In 7/1 ABC bought office supplies by 200 on the account. 5- In 9/1 ABC earns service revenue amount 550 by cash. 6- In 17/1 ABC earns service revenue amount 830 record by on the account will.

ALSARHANI YAHYA 8 7- In 20/1 ABC withdrew 300 cash for personal using. 8- In 25/1 ABC paid 80 cash for the purchased office supplies according to transaction (4). 9- In 31/1 ABC paid these expenses for this month:100 Rent, 70 water & electric and 300 salary. So please prepare: 1- ALL the Transactions. 2- Income statement. 3- Owner equity statement. 4- Balance sheet. 5- Open ledgers for the all. 6- prepare the unadjusted trial balance