Tabular Statements Examples of the Transactions Revaluation of

Tabular Statements Examples of the Transactions; • Revaluation of an Asset • Disposal of an Asset • Dividends • Depreciation • Bad Debts • Sales and Purchase returns A Tabular statement is a continuous presentation of transaction as they occur. It shows how each transaction affects the assets and liabilities of a business. Leaving Cert Question; • In the Leaving Cert, the Tabular Statements question can come up as a 60 or 100 mark question. • For the question it is important to know the basic rules of double entry. This is where for every debit marked in, there should be a corresponding credit. Exam Tips; • Lay your question out on two pages. • List the assets and liabilities. . • Enter the cost of assets, treat. depreciation as a negative asset. • After all the changes, the total assets and liabilities must be the same.

Tabular Statements Examples of the Transactions; • Revaluation of an Asset • Disposal of an Asset • Dividends • Depreciation • Bad Debts • Sales and Purchase returns A Tabular statement is a continuous presentation of transaction as they occur. It shows how each transaction affects the assets and liabilities of a business. Leaving Cert Question; • In the Leaving Cert, the Tabular Statements question can come up as a 60 or 100 mark question. • For the question it is important to know the basic rules of double entry. This is where for every debit marked in, there should be a corresponding credit. Exam Tips; • Lay your question out on two pages. • List the assets and liabilities. . • Enter the cost of assets, treat. depreciation as a negative asset. • After all the changes, the total assets and liabilities must be the same.