PAKI SAGOT NG MAAYOS
"O" if the statement is a business transaction that should be included in the accounting process and write "X" if not.
1. Borrowed money from the bank amounting to 300,000.
2. Received electric bill for the month amounting to 3, 500 to be paid next month.
3. Received cash from customer for services provided 5,000.
4. Billed customer for services performed amounting to 2, 000.
5. Hired new employee. The salary of the new employee will be 4,500.
"O" if the statement is a business transaction that should be included in the accounting process and write "X" if not.
1. Borrowed money from the bank amounting to 300,000.
2. Received electric bill for the month amounting to 3, 500 to be paid next month.
3. Received cash from customer for services provided 5,000.
4. Billed customer for services performed amounting to 2, 000.
5. Hired new employee. The salary of the new employee will be 4,500.
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ANSWER:
1. X
2. X
3. O
4. O
5. O
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