You mu - Study guides, Class notes & Summaries

1 Which are examples of book-keeping? 2 1 entering details of a cheque received from a customer in a cash book 2 entering details of goods purchased on credit in a purchases journal 3 producing an income statement to calculate the profit for the year 4 recording details of credit sales in the account of a credit customer A 1, 2 and 3 B 1, 2 and 4 C 1 and 2 only D 3 and 4 2 How does a trader use the information provided by financial statements? A to calculate the amount of cas...

1 Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily. 2 Accounting relies on having accurate book-keeping records. 3 Book-keeping includes the preparation of financial statements. 4 Book-keeping involves the recording of financial transactions. A 1, 2 and 4 B 1 and 3 2 What increases owner’s capital? C 2, 3 and 4 A bank loan extended from five to ten years B purchase of inventory on credit C purchase of...

Which task would be carried out by a book-keeper? A comparison of financial statements between years B preparation of financial statements C provision of information for decision-making D recording financial transactions 2 The following ledger account appeared in the books of Leah, a trader. Amraz account $ April 26 purchases returns $ 150 April 1 balance b / d 2100 30 bank 1900 20 purchases 3000 discount 100 balance c / d 2950 5100 Which statement is corre...

1 Which task would be carried out by a book-keeper but not an accountant? A comparing one year's results with those of previous years B interpreting the accounting records C preparing financial statements D recording transactions in the ledgers and cash book 2 A business provided the following information on 1 February 2019. non-current assets $ 75 000 current assets 40 000 current liabilities 25 000 The business made a profit of $10 000 for the year ended 31 January 2...

1 What is prepared by a book-keeper? 2 A appropriation account B cash book C income statement D statement of financial position 2 Which item is an asset? A an amount owing by credit customers B an amount owing to credit suppliers C interest accrued on bank loan D rent received in advance from tenant 3 Fatima required additional finance for her business and borrowed funds from Ali. This was deposited into the business bank account. How should Fatima record this? accoun...

Which statement is correct? 2 A The accountant prepares the trial balance and the book-keeper prepares the financial statements. B The accountant writes up the journals and the book-keeper writes up the ledger accounts. C The book-keeper writes up the journals and the accountant prepares the trial balance. D The book-keeper writes up the ledger accounts and the accountant prepares the financial statements. 2 Which formulas may be used for the accounting equation? 1 assets = own...

55 AP Language and Composition Terms You Must Know Analogy - Answer>> Explaining something complex by comparing it to something more simple Argument - Answer>> The combination of reasons, evidence, etc that an author uses to convince an audience of their position Aristotelian appeals - Answer>> Three different methods of appealing to an audience to convince them—ethos, logos, and pathos Attitude - Answer>> The writer's personal views or feelings about t...

Caregiver Training Assessment CG 100 [You have 2 attempts to take this exam. You must score 80% or hitherto successfully pass the fort part of this exam]Latest Update Graded A+ Which of the following statements is true of providing privacy while giving care? Providing for a resident's privacy is a legal right. 3 multiple choice options One basic Arizona regulation that applies to CGs is CGs must complete at least 62 hours of training and pass a written state exam before they begin work...

What is CD1 and how does it relate to other CDs? - I owe a duty to the court to act independently in the interests of justice. This duty overrides any inconsistent obligations you may have other than obligations under criminal alw. What 5 requirements does CD1 impose on you as a barrister? I must... - 1. I must not knowingly or recklessly mislead the court 2. I must not abuse my role as an advocate 3. I must take reasonable steps to avoid wasting the court's time 4. I must take reasonabl...

CCI Echocardiography Practice (These are hints straight from the ESP Ultrasound test prep. The writer of the book said these are some of the questions that came from the test itself. Obviously questions change, but he said these are questions you must know the answers to.) 2024!!