Answer_to_questions_in_tutorial_2

Answer_to_questions_in_tutorial_2 - Answer to questions in...

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Answer to questions in tutorial 2 A: Multiple Choice questions 1. (a); 2. (b); 3. (c); 4. (d); 5. (d) 6. (b); 7. (a); 8. (d); 9. (a) B: Discussion and Problem solving 1. CYCLE BALANCE SHEET ACCOUNTS INCOME STATEMENT ACCOUNTS SALES AND COLLECTION Accounts receivable Cash at bank Notes receivable--trade Provision for doubtful debts Interest receivable Trade account receivable Sales Bad debt expense Interest income ACQUISITION AND PAYMENT Income tax payable Accounts payable Unexpired insurance Furniture and equipment Cash at bank Accumulated depreciation of furniture and equipment Inventory Property rates payable Prepaid expense Trade account payable Income tax expense Advertising expense Travelling expense Purchases Property rates expense Depreciation expense— furniture and equipment Telephone expense Insurance expense Rent expense PAYROLL AND PERSONNEL Cash at bank Accrued sales salaries Accured payroll Accured payroll tax Sales salaries expense Salaries, office and general Salaries and commission
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This note was uploaded on 07/31/2011 for the course MGMT 2027 taught by Professor Shak during the Three '07 term at Queensland.

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Answer_to_questions_in_tutorial_2 - Answer to questions in...

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