1 Develop a financial income statement and balance sheet by combining the chart of account items on the DP Systems income statement and balance sheet in Tables 39 and 310 2 List the chart of account numbers and major categories used in DP Systems accounting system 3 How would a hotel chain use a pr...

1 2 Balance Sheet Assets 1000 to 1999 Current assets are 1000 fixed assets are 1400 1500 other asset ...

1. Develop a financial income statement and balance sheet by combining the chart of account items on...

Question:

1. Develop a financial income statement and by combining the chart of account items on the DP Systems income statement and in Tables 3–9 and 3–10.
2. List the chart of account numbers and major categories used in DP Systems’ accounting system.
3. How would a hotel chain use a property management system to incorporate items from individual hotels into their corporate financial statements?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...