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frez [133]
3 years ago
14

What are the 4 questions to ask when you analyze a transaction into Debits & Credits

Business
1 answer:
Alex777 [14]3 years ago
3 0

1.which accounts are affected?

2.how is each account classified?

3.how is each classification changed

4.how is each amount entered in the account?

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Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.

With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.

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