Completing the Accounting Cycle
Authored by Jaypee Bigno
Business
University
Used 4+ times
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15 questions
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1.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example if your answer is P10,000, you must only put 10,000.)
How much is the Net Sales?
(a)
2.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example if your answer is P10,000, you must only put 10,000.)
How much is the Cost of Goods Available for Sale?
(a)
3.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example if your answer is P10,000, you must only put 10,000.)
How much is the Cost of Gross Profit?
(a)
4.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example if your answer is P10,000, you must only put 10,000.)
How much is the Total Operating Expenses?
(a)
5.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example if your answer is P10,000, you must only put 10,000.)
How much is the Cost of Sales?
(a)
6.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example, if your answer is P10,000, you must only put 10,000.)
How much is the total debits presented in the Income Statement column in Worksheet?
(a)
7.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
Compute for the following: (Disregard the Peso sign and include commas, for example, if your answer is P10,000, you must only put 10,000.)
How much is the total credits presented in the Balance Sheet column in Worksheet?
(a)
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