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General accounting

VI. 24. From the adjusted trial balance to the income statement: exercises

 

Exercices

All the exercises refer to .

  1. How much money do we have in the till?

  2. How much money do we have at the bank?

  3. What is the final stock in the balance sheet? Will it appear in debit or in credit?

  4. How much do we owe to the supplier of vehicles (also called transportation equipment)?

  5. What is the total of purchases for the accounting cycle? Have they all been paid?

  6. What are the accruals?

 

 

 

Exercise 1: How much money do we have in the till?


 

 

 

 

Exercise 2: How much money do we have at the bank?


 

 

 

Exercise 3: What is the final stock in the balance sheet? Will it appear in debit or in credit?


 

 

 

 

Exercise 4: How much do we owe to the supplier of vehicles (also called transportation equipment)?


 

 

 

 

Exercise 5: What is the total of purchases for the accounting cycle? Have they all been paid?


 

 

 

 

Exercise 6: What are the accruals?


 

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