TACC601 Principles of Accounting Week 2: Income Statement and Balance Sheet Seminar Guide Seminar Activity 2.1: Transactions and Financial Statements Jock O’Donoghue has recently started Jock’s Tool Supplies, a retailer of tools and other supplies to the heavy haulage and earth moving industry. The following transactions have occurred in the
TACC401 Principles of Accounting Week 4: Accrual Accounting Seminar Guide Seminar Activity 4.1: Accrual Accounting Andrew Darby manages and owns all the shares in a small proprietary company called Darby’s Derbys Pty Ltd which buys and sells hats. The assets, liabilities and owner’s equity of the business at 1
TACC401 Principles of Accounting Week 3: Cash flow Statement Seminar Guide Seminar Activity 3.1: Transactions and Financial Statements I. Cover decided to open Recover Upholstery Repairs on 1 January 2018. She contributed office equipment valued at $10 000 and a commercial van valued at $12 000, and deposited $5
Assessment Instructions Review the questions below and answer all short answer questions in the space provided. Provide a definition, in your own words, for each of the following basic accounting principles applicable to the financial management of a budget – Double Entry Bookkeeping, Principle of Control, and Revenue Recognition (cash
