Match the information listed in Column B with the items listed in Column A. Write down...

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Match the information listed in Column B with the items listed in Column A. Write down only the letter of your choice next to the corresponding number. COLUMN A 1 VAT Report 2 Trial Balance 3 Cost of Sales/Purchases 4 Current Assets 5 Expenses 6 Profit and Loss Report 7 Audit Trail Report COLUMN B A This report lists all your accounts, including System Accounts, for a selected period. Assets expected to be sold or used within a year, such as cash. This report lists VAT transactions for reporting purposes. This report is a formal record or log detailing all the financial transactions of the company. B C D E F G This report details your company's income and expenses. This is the cost of all physical Item sales, based on the weighted average cost of the Item at the time of sale, plus the cost of all service item purchases. Cost incurred, such as advertising, rent, stationery and so on. Match the information listed in Column B with the items listed in Column A. Write down only the letter of your choice next to the corresponding number. COLUMN A 1 VAT Report 2 Trial Balance 3 Cost of Sales/Purchases 4 Current Assets 5 Expenses 6 Profit and Loss Report 7 Audit Trail Report COLUMN B A This report lists all your accounts, including System Accounts, for a selected period. Assets expected to be sold or used within a year, such as cash. This report lists VAT transactions for reporting purposes. This report is a formal record or log detailing all the financial transactions of the company. B C D E F G This report details your company's income and expenses. This is the cost of all physical Item sales, based on the weighted average cost of the Item at the time of sale, plus the cost of all service item purchases. Cost incurred, such as advertising, rent, stationery and so on.

Answer rating: 100% (QA)

Column A Column B 1 VAT report C 2 Trial balance A 3 Cost of salespurch... View the full answer