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Financial Accounting
Financial Accounting
Financial Accounting
Transactions of the entity A L = OI
Financial Accounting
Spreadsheet analysing transactions and events into elements of the
accounting equation
Date Transaction or event Assets Ownership interest
Cash Inventory
(stock)
Expense Revenue
Financial Accounting
Business transactions of the
entity
A L = OI
Financial Accounting
Financial Accounting
Raw materials: RM; Work in progress: WIP; Finished goods: FG.
Date Transaction or event Assets OI
Cash Raw
Mats
WIP FG Rev
+
Exp
Financial Accounting
Using the accounting equation to analyse transactions
A L = OI
Date Business transactions
Financial Accounting
Financial Accounting
Financial Accounting
Financial Accounting
Assets Liabilities Ownership interest
Date Business
transactions
Cash at
Bank
Inventory
(stock of
goods)
Fixed
assets and
receivable
s
Liabilities Capital
contributed/
withdrawn
Revenue Expenses
Financial Accounting
Financial Accounting
Financial Accounting
Financial Accounting
