Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024

Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024 (Generic) Cash paid during the year in expense ledger - correct answer "Dr Expense Cr Cash " (Generic) Cash paid received the year in income ledger - correct answer "Dr Cash Cr Income " Calculate whether a closing accrual is required - correct answer "Dr Expense Cr Accruals " Calculate whether a closing accrued income adjustment is required - correct answer "Dr Accrued income Cr Income " Calculate whether a closing prepayment is required - correct answer "Dr Prepayments Cr Expense " Calculate whether a closing deferred income adjustment is required - correct answer "Dr Income Cr Deferred income " Purchases of inventory - correct answer "Dr Purchases (expenses) Cr Cash