Question: Please answer all screenshots. True or False A chart of accounts is a listing of all the account names or titles used to record the










Please answer all screenshots.
True or False A chart of accounts is a listing of all the account names or titles used to record the economic activity of the business. O True O False True or False Whether using the double-entry or single-entry system, debit and credit entries are used in recording business transactions O True O False Multiple Choice DEF Printers, a VAT-registered business, acquired an imported printer with the following information: Cash price of Printer P475,000 Custom duty P100,000 Insurance cost P25,000 What amount the printer should be reported at the end of the period? O P575,000 O P600,000 P500,000 True or False The recording process of accounting includes chronological recording of transactions and the verification of their existence through source documents O True O False Multiple Choice the listing of all the accounts account title list chart of accounts table of accounts Multiple Choice DEF Printers, a VAT-registered business, acquired an imported printer with the following information: Cash price of Printer P475,000 Custom duty P100,000 Insurance cost P25,000 How much is the VAT? (12%) O P50,000 P72,000 O P57,000 Multiple Choice Cash 1,500 Accounts receivable 2,000 Notes receivable 1,350 Supplies 1,100 Accounts payable 2,000 Owner's capital 2,000 Income 5,000 Supplies expense 2,000 Licenses and taxes 1,050 The existing balances are affected by the following transactions: -Collected the whole amount of notes receivable. -Received from various customers income worth P3,500 in cash. What is the new balance of trial balance? O P9,000 O P12,500 O P7,650 Multiple Choice is the value received in the business. Debit Credit Multiple Choice Pacman has a total of P1.62M capital in his business. He permanently withdrew P20,000 for personal use. Then after 5 days, He invested an office equipment worth P50,000 to the business. How much is Pacman's total capital before investment of office equipment? O P1.6M P1.65M O P1.62M Multiple Choice X Co. acquired a building on January 1, 200A at a cost of P5,500,000. The building has an estimated useful life of 40 years and an estimated salvage value of P500,000. How much is the accumulated depreciation? O P100,000 O P152,000 O P125,000
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