Review of Accounting Reports

Which of these is NOT a revenue item?

• Cash Fees

• Credit Fees

• Receipts from Accounts Receivable

• Interest earnt from Bank

Which of these is NOT an expense item?

• Wages

• Electricity

• Interest paid on a loan

• Drawings

Which of these is NOT an item under Operating Activities?

• Interest paid on a loan

• Cash Purchase of Supplies

• Loan Repayment

• Receipts from Accounts Receivable

Which of these is NOT a Financing Activity

• Interest Paid on loan

• Capital Contributions

• Drawings

• Loan Repayment

Which of these is NOT a Current Asset

• Inventory of Supplies

• Cash Fees

• GST receivable

• Accounts Receivable

Which of these do NOT affect Owner's Equity?

• Drawings

• Accounts Payable

• Cost of Sales

• Sales Returns

Which of these do NOT affect current liabilities?

• Payments to Accounts Payable

• Loan

• GST Payable

• Bank Overdraft