Professional Documents
Culture Documents
Question 1
1.
1.
Show credits
Show dates
Show debits
Show sub-totals
Show totals
1 points
Question 4
Question 4
1.
1 points
Question 5
Question 5
1.
$
Cash sales
10,000
Credit sales
30,000
22,000
receivable
Wages paid
8,000
5,000
$22,000
$27,000
$32,000
$49,000
$54,000
1 points
Question 6
Question 6
1.
Question 9
Question 9
1.
1.
1 points
Question 11
Question 11
1.
$125,000
$150,000
$175,000
$275,000
$300,000
1 points
Question 12
Question 12
1.
Closing entries:
Answer
(i)
(ii)
(iii)
(iv)
(ii) only
(i) and (ii) only
(i), (ii) and (iii) only
(i), (ii) and (iv) only
(ii), (iii) and (iv) only
1 points
Question 14
Question 14
1.
At the end of the financial year, the usual adjusting entry for
accrued salaries owed to employees was omitted. Which of the
following statements is true?
Answer
Question 17
1.
A chart of accounts:
Answer
$125,000
$150,000
$175,000
$275,000
$300,000
1 points
Question 19
Question 19
1.