Exam (elaborations)
ASB BOOKKEEPING EXAM QUESTIONS AND ANSWERS
- Course
- Institution
ASB BOOKKEEPING EXAM QUESTIONS AND ANSWERS
[Show more]
Content preview
ASB BOOKKEEPING EXAM QUESTIONSAND ANSWERS
Chart of accounts - Answer -A Systematically arranged listing of accounts
Current assets.(debit)
Fixed assets (debit)
Current liabilities (credit)
Trust accounts (debit)
Equity (credit)
Income (credit)
Expense (debit)
Assets - Answer -101 Cash in Bank, Checking
102 Petty Cash
103 Cash in Bank, Savings
105 Change Account
106 Accounts Receivable
107 Prepaid Expenditures
109 Student Store Inventory
110 Other Assets
111 Fixed Assets (Equipment
Liabilities - Answer -01 Accounts Payable
209 Other Liabilities
Trust account - Answer -Sum of money held by the student body
210 Scholarship Accounts
2101 LMN Memorial
2102 DEF Scholarship
220 Class Accounts
2204 Class of '11
2205 Class of '12
2206 Class of '13
2207 Class of '14
230 Club Accounts
23010 XYZ Club
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73243 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now