Question
Q) Use both Sequential code system and Block Code system to code the following balance sheet accounts: Assets Liabilities and Owner Equity Current Assets Current
Q) Use both Sequential code system and Block Code system to code the following balance sheet accounts:
| Assets |
|
| Liabilities and Owner Equity |
|
|
| Current Assets |
|
| Current Liab. |
|
|
| cash |
|
|
| A/P |
|
|
| Cash on hand |
|
| N/P |
|
|
| Cash in bank |
|
| Short-term Loans |
|
| Inventory |
|
|
|
| Bank X |
|
| Inventory I |
|
|
| Bank Y |
|
|
| Inventory I-1 |
|
| Bank Z |
|
|
| Inventory I-2 | Long term Liabi |
|
|
|
| Inventory II |
|
| Bonds |
|
|
|
| Inventory II-1 |
| Long Term Loans |
|
|
| Inventory III |
|
| Long term A/P |
|
| A/R |
|
|
|
|
|
| N/R |
|
| Owner Equity |
|
|
| Prepaid Expenses |
|
|
| Capital |
|
| Fixed assets |
|
|
| Paid in Capital |
|
|
| Buildings |
|
| Net Income |
|
|
| Lands |
|
| Retained Earnings |
|
|
| Cars |
|
|
|
|
|
| Machines |
|
|
|
|
|
| Computers |
|
|
|
|
| Long term Investments |
|
|
|
|
|
|
| Intangible assets |
|
|
|
|
|
| Good will |
|
|
|
|
|
| Patents |
|
|
|
|
|
| Copy right |
|
|
|
|
|
| Trade names |
|
|
|
|
| Total of Assets |
|
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Best Practices
Authors: Steven M. Bragg
3rd Edition
0471444286, 978-0471444282
