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 17 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