Computerized accounting UE Past Papers Questions.
View All Courses |
---|
(1000) Question Category: Short answers Several users of accounting information exist. Mention any 5 of them and briefly explain why they would need such accounting information. Answer / Solution UNSOLVED |
(1001) Question Category: Short answers Define the terms below as applied to accounting
Answer / Solution UNSOLVED |
|
(1002) Question Category: Short answers Hill has the following assets and liabilities as on 30 November 2009. Accounts payable £2,800; Equipment £7,300; Inventory £8,100; Accounts receivable £4,050; Cash at bank £9,100; Cash in hand £195. You are not given the capital amount at that date. During the first week of December 2009 -Hill bought extra equipment on credit for £110. -Hill bought extra inventory by cheque £380 -Hill paid creditors by £1,150 -Debtors paid Hill £640 by cheque and £90 by cash Hill put an extra £1,500 into business, £1,300 by cheque and £200 in cash You are to draw up the balance sheet as on 7 December 2009 after the above transactions have been completed. Answer / Solution UNSOLVED |
(1003) Question Category: Short answers Mention any three advantages of a trial balance. Answer / Solution UNSOLVED |
|
(1004) Question Category: Short answers Several types of errors will not affect a trial balance sheet . Mention any five of them and briefly describe how these errors occur. Answer / Solution UNSOLVED |
|
News & Updates | Recently
Recent Updates |
---|
2024-05-02: questionsQuestions Uploaded on 2024-05-02 |
2024-03-29: questionsQuestions Uploaded on 2024-03-29 |
2024-03-19: questionsQuestions Uploaded on 2024-03-19 |