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

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- Balance Sheet, supervisor, Accounting software