1-Providing consulting services receiving cash. Given answer: Aziz company provides consulting service and receives 1,000...
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Accounting
1-Providing consulting services receiving cash. Given answer: Aziz company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Investment by an owner. 3-Purchasing equipment for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying investors their shares of dividends. Q2- Pick two principles or assumptions of accounting and briefly explain it with an example. Q3- On your own words, explain the purpose and the importance of the following statements: 1- Income Statement 2- balance sheet
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