The cycle of business activities

Question 1

What is capital contribution of own her owner

Answer 1

The owner deposit to his own capital contribution

Question 2

Purchase of assets for cash or credit

Answer 2

If I purchase something on credit it means that I buy something but I don’t pay no I pay later

Question 3

What is purchase of consumable stores

Answer 3

The owner buys packing materials another consumable stores for cash are on credit

Question 4

Rendering a service

Answer 4

Opening that you come to mind is current income, a firm which is the owner render the service to customers and receives money immediate Lee customers pay for skills of a person to do a profession

Question 5

Payment of operating expenses

Answer 5

The owner paid a wage or salary is for electricity telephone account I want and stationery think the operates that you have to pay for

Question 6

Payment of credit as creditors

Answer 6

The owner pays the creditors the amount that they were already liable to pay