WorksheetsEMS: Accounting AOL
Total questions: 10
Worksheet time: 7mins
Assets: Non-current Assests
Land and buildings, vehicles
Fixed deposits
Equipment
Bank
Trading stock
Liabilities: Non-current liabilities
Commision
Fixed deposits
Loan
Bank
Trading stock
Assets: Current Assests
Cash Float, Bank
Petty cash
Debtors control
Creditors control
Trading stock
Liabilities: Current Liabilities
Bank overdraft
Petty cash
Debtors control
Creditors control
Sales
Owners Equity
Capital
Drawings
Bank
Cost of sales
Sales
Owners Equity: Incomes
Sales
Rent income, fee income and commission
Loan
Interest
Service and salaries
Owners Equity: Expenses
Sales
Rent income, fee income and commission
Water & electricity, rent expenses
Interest
Service and salaries
Owners Equity: Expenses
Cost of sales
Creditors control, fee income, interest
consumables
Telephone
Advertising
In Owners equity of expenses, is the Debtor allowance?
Yes
No
Assets definition
A resource controlled by entity, as a result of past events, the future benefits are expected to flow to entity
A resource controlled by entity, as a result of news events, the future benefits are expected to flow to entity
A resource controlled by entity, as a result of past events, the future devaluates are expected to flow to entity
