Example For Paper Transaction

When the payment or receipt of cash is not made immediately at the time when transaction occurs but postponed to a future date the transaction is said to be a credit transaction.

Example for paper transaction. I have used two business transactions to illustrate the process. On june 1 jay who owns the cleaning agency receives a cash payment from his customer mr smith for 100 for sales invoice 1. She asks for the interest of 1 000 to be paid on the loan.

Three typewritten double spaced single column width pages of 8 5 x 11 in 21 6 x 27 9 cm or a4 paper equal one printed transactions page. When there is no question of meeting the value of a transaction it is called a paper transaction. For example goods or cash lost.

If you need help writing your assignment please use our research paper writing service and buy a paper on any topic at affordable price. Authors of overlength papers may be requested to condense their paper to not exceed the nine transactions pages limit. Also check our tips on how to write a research paper see the lists of research paper topics and browse research paper examples.

Bookkeeping example 2 business transactions. Ok so we re dealing with an expense which is interest. We know that expenses sit on the debit side.

That means we ll record interest expenses of 1 000.