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What is diamond rule for recording debit and credit entries

Assignment Help Financial Accounting
Reference no: EM132933003

Questions -

(A) What is diamond rule for recording debit and credit entries in general journal?. Make that shape and explain it. Also, make general journal format and put two general entries of our choice for elaboration of General Journal.

(B) Make a balance sheet of a hypothetical (assumed/imagined) or real company that exist and operate in the world.

(C) Every student must have a separate company name and separate numerical values for assets, liabilities, and owner's equity

(D) Explain what principles should be taken into consideration while making a balance sheet in accordance to generally accepted accounting principles.

Reference no: EM132933003

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