Recapping chapters 1- 4 in Osborne Advanced Bookkeeping tutorial
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Created by ross young
almost 7 years ago
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Created by ross young
almost 7 years ago
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What side of the trial Balance is discount received?
Purchase ledger control is a debit in the trial balance, true or false?
Capital does not appear in the Statement of profit or loss. True or false
Sales revenue in the Statement of profit or Loss is a debit. True or false
In the extended trial balance where do drawings get posted to?
Debit or Credit?
How is closing inventory posted in the extended trial balance?
What sort of account is carriage in?
An error is made by debiting a customer P Smith instead of P Smithy whom is the correct customer. Describe this error?
An amount of £89 for payment of office expenses has been entered into the accounts as £98.
Describe this error?
In the Extended Trial Balance, premises at cost are entered as a debit.
True or false?
In the Statement of financial Position,
how is sales ledger control and purchase ledger control posted?
When drawing up a capital account, what side of the T account would you post drawings and profit to?
How is a loss shown in the extended trial balance?
