Solution to Assigned Questions
Chapter 7
Question 3, 7, 9, 15, 19
Brief Exercises BE7.1, BE7.2, BE7.5, BE7.10
Exercises E7.4, E 7.6, E 7.8, E7.13
Problem P7.1, P7.5, P7.6
BYP7.1, BYP7.3, BYP7.5
Q3.
Cost awareness The system must be cost-effective; that is
Principles of Accounting
Chapter 8 - Glossary ()
Audit Trail
Internal Control
Petty Cash: - Money for small payment and uses
Bank Statement
Bank Reconciliation Statement
Cashier
Cost & Benefit
Remittance Advice
Deposit slips
Voucher System
Electronic Fund
Principles of Accounting
Chapter 4 - Glossary ()
Accounting Cycle
Accounting Period
Administration Expenses
Carried forward
Cash Register
Closing Entry
Closing Stock
Correcting Entry
Cost of Goods Sold
Current Assets
Current Liability
Discount
Discounts E
Principles of Accounting
Chapter 6 - Glossary ()
Accounting Cycle
Accounting Period
Administration Expenses
Carried forward
Cash Register
Closing Entry
Closing Stock
Correcting Entry
Cost of Goods Sold
Current Assets
Current Liability
Discount
Discounts E
Solution to Assigned Questions
Chapter 8
Question 3, 5, 8, 15, 19, 22, 23
Brief Exercises BE8.1, BE8.3, BE8.5, BE8.7, BE8.8, BE8.10
Exercises E 8.1, E 8.3, E 8.5, E 8.7, E 8.9, E 8.12
Problem P8.1, P8.2, P8.4, P8.6, P8.7
BYP8.6, BYP8.7
Q3
This is a violat
Solution to Assigned Questions
Chapter 11
Question 1, 2, 4, 5
Brief Exercises BE11.1, BE11.4, BE11.5, BE11.6
Exercises E11.1, E11.3, E11.5, E11.6
Problem P11.1, P11.3, P11.6
BYP11.2, BYP11.5
Q1
Brad is not correct. A current liability is a debt that can r
Solution to Assigned Questions
Chapter 2
Question 2, 3, 5, 7, 8, 10, 17, 20
Brief Exercises BE2.1, BE2.2
Exercises E2.1, E2.3, E2.8, E2.11, E2.13
Problem P2.2, P2.4, P2.7
BYP2.5, BYP2.6, BYP2.7
2.
Disagree. The terms debit and credit mean left and right r
Solution to Assigned Questions
Chapter 3
Question 2, 4, 11, 18, 19
Brief Exercises BE3.5, BE3.6, BE3.7
Exercises Ex 3.6, Ex3.9, Ex3.10, Ex.3.11
Problem P3.3, P3.7
BYP3.7
Q2.
The two generally accepted accounting principles that relate to adjusting the
acc
Solution to Assigned Questions
Chapter 12
Question 3, 6, 9, 17
Brief Exercise BE12.1, BE12.7, BE12.10
Exercise E12.1, E12.4, E12.6, E12.7
Problem P12.6
Q3.
Q6.
(a) According to the Framework, the objective of financial reporting is to provide
information