Acca fa1 exam questions Study guides, Class notes & Summaries

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ACCA FA1 Exam Questions and Answers All Correct
  • ACCA FA1 Exam Questions and Answers All Correct

  • Exam (elaborations) • 8 pages • 2023
  • ACCA FA1 Exam Questions and Answers All Correct What are the two main type of business transactions - Answer-Cash or Credit. Debit - Answer-Is always on the left-side of the column Credit - Answer-Is always on the right-side of the column Debit To own/have AN ASSET INCREASES eg: new office furniture CAPITAL/A LIABILITY DECREASES eg: pay an account payable INCOME DECREASES eg: cancel a sale AN EXPENCE INCREASES eg: incur advertising cost Left hand side - Answer-CERDIT To ...
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