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DOUBLE ENTRY BOOKKEPPING

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › DOUBLE ENTRY BOOKKEPPING

  • This topic has 0 replies, 1 voice, and was last updated 5 hours ago by petestudentacca.
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  • Author
    Posts
  • August 28, 2025 at 8:32 pm #719641
    petestudentacca
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hello professor,

    i dont get this question.

    The transaction of Alis new business in its first week were as follows:

    1. Commenced business with the intorudcion of 1000$ cash
    2. Paid 350 $ rent
    3. purchaed a delivery van for 400$ cash

    So i am confuesd with number 3.
    it says: Assets= Equity +Liability

    650 (400-400)= 650+0
    Why is like this can you explain me, because for me this would be, cash decreased for 400, and also payables to suppliers. i dont get number three.

    Thank you

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