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WorksheetsTeam 2 - Accounting Transaction & Scandal
Total questions: 6
Worksheet time: 2mins
Which documents did the storekeeper give the manager to sign?
Invoice
Goods received note
Delivery note
Remittance Advice
What problems did the company encounter during the sales process?
Moldy product
Wrong product
Wrong invoice
The customer asked to return the product
Which account is not used in the sales process for the HighLand company?
Cost of goods sold
Account payable
Merchandise inventory
Sales returns and allowances
What major parts of the balance sheet did Satyam cheat on?
Cash and Bank Balances, Accrued Interest on Bank Fixed Deposits, Understated Liabilities and Overstated Debtors.
Accrued Interest on Bank Fixed Deposits, Understated Liabilities, Overstated Debtors and Owners' Equity.
Cash and Bank Balances, Owners' Equity, Accrued Interest on Bank Fixed Deposits and Understated Liabilities.
Cash and Bank Balances, Understated Liabilities, Owners' Equity and Overstated Debtors.
"Salary cost for 53000 employees per month is 12 million USD".
Which of the following entries is made to record this transaction?
Who is involved in corporate accounting fraud at Satyam company?
<multiple answers, press submit to submit your answer>
B.Rama Raju – The CEO
PwC and Auditor
The company’s board of director
India's government
