Learning Goal: I’m working on a accounting report and need support to help me learn. Select a business of your choice, write 10 different transactions for a month with imaginary figures.
You are required to analyze the transactions and discuss the effects of the transaction in Accounting Equation. Also required to Show the effect of above transactions on accounting equation and prove the accounting equation at the end.
You are required to discuss the journalizing process based on the double entry rules for all the 10 transactions. Also required to prepare the necessary journal entry for all 10 transactions.