EMS- Transaction Analysis

Question 1

Capital

Answer 1

Duplicate receipt
CRJ
DR- bank (A+)
CR- capital (OE +)

Question 2

Services rendered

Answer 2

CRR
CRJ
DR- bank (A+)
CR- income (OE +)

Question 3

Cash Received

Answer 3

Duplicate receipt
CRJ
DR- bank (A+)
CR- income (OE +)

Question 4

Fixed Asset

Answer 4

Cheque counterfoil
CPJ
DR- asset (A +)
CR- bank (A -)

Question 5

Expenses

Answer 5

Cheque counterfoil
CPJ
DR- expense (OE -)
CR- bank (A -)