The part number quantity description and price of the

The part number, quantity, description and price of the products being purchased
 Taxes payable
 PO Number
 PO Delivery date
 Signature
13 What invoice should be provided on a Petty Cash Voucher?
Answer may include, but is not limited to:
 Date
 Amount disbursed
 Name of person receiving the money
 Reason for disbursement
 General ledger account to be charged
 Initials / name of person disbursing the money from the petty cash fund
 Voucher number
14 What invoice should be provided on a Bank Statement?
Answer may include, but is not limited to:
 Bank name
 Account name and number
 Statement period
 Opening balance
 Details of all transactions (debits and credits)
 Ending balance
 etc
15 What is a chart of accounts?

FNSACC406 Version 2.1 August 2016 Page 21 of 24
16
Below you are to develop and sample chart of ASSET accounts, ensuring you provide a description of
each account. You must include at least 6 different accounts

FNSACC406 Version 2.1 August 2016 Page 22 of 24
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Below you are to develop and sample chart of LIABILITY accounts, ensuring you provide a description
of each account. You must include at least 6 different accounts
Answer may include, but is not limited to:
No Account Title To Increase Description
210 Notes Payable Credit
The amount of principle due on a formal written promise to
pay (such as loans from banks)
215
Accounts
Payable
Credit
Amount owed to suppliers who provided goods and
services to the company, but did not require immediate
payment in cash
220 Wages Payable Credit
Amount owed to employees for hours worked but not yet
paid
230 Interest Payable Credit
Amount owed for interest on Notes Payable up until the
date of the balance sheet
240
Unearnerd
Revenue
Credit
Accounts received in advance of delivering goods or