) Indicate with an X whether each item is an asset, liability, capital, drawings, revenue, or...
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) Indicate with an "X" whether each item is an asset, liability, capital, drawings, revenue, or expense account. There is only one correct answer for each item. Item 1 Bad debts 2 3 Office building 4 5 Motor vehicle 6 Trade receivables Contribution by the owner Machinery maintenance 7 Stationery 8 Prepaid rental income 9 Motor vehicle routine service 10 Purchase of goods 11 Accrued assessment rates 12 Trade payables 13 Office cleaning maintenance 14 Rental income 15 Sewerage charged 16 Dividend received Asset Liability Capital Revenue Expense (8 marks) c) Describe TWO (2) types of accounting users and give TWO (2) examples for each type. (6 marks) ) Indicate with an "X" whether each item is an asset, liability, capital, drawings, revenue, or expense account. There is only one correct answer for each item. Item 1 Bad debts 2 3 Office building 4 5 Motor vehicle 6 Trade receivables Contribution by the owner Machinery maintenance 7 Stationery 8 Prepaid rental income 9 Motor vehicle routine service 10 Purchase of goods 11 Accrued assessment rates 12 Trade payables 13 Office cleaning maintenance 14 Rental income 15 Sewerage charged 16 Dividend received Asset Liability Capital Revenue Expense (8 marks) c) Describe TWO (2) types of accounting users and give TWO (2) examples for each type. (6 marks)
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Certainly Here is how you could categorize each item in the list 1 Bad debts Expense 2 Co... View the full answer
Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
Posted Date:
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