1. What are the main purposes of fixed assets register?

2. What are the requirements a taxpayer must meet in order to be allowed to a depreciation deduction for a property?

3.What are the two reasons company would dispose of fixed asset?

4. What are accruals? give 2 examples.

5. What is a doubtful debt?

6.Why might the number of inventories on the general ledger be lower than that reflected in the inventory value in reality?

7.What need to be done in order to prepare final general ledger accounts?

8.What needs to be done in order to prepare end of period financial reports?