QUESTION 1 Which of these events would be recorded by an accountant? An employee resigns An employee receives a promotion An employee injures themselves at work in the course of their duties An employee is paid by being given a computer instead of their normal wages. O None of the above. QUESTION 2 To Include the personal assets and transactions of a business's owner in the records and reports of the business would be in conflict with the: Period assumption Accounting entity assumption Acoral bar Going concem assumption None of the above QUESTION 3 The balance in Tee Tax Services office supplies account on February 1 and February 28 was $1,200 and $275, respectively. If the office supplies expense for the month is $1,900, what amount of office supplies vies purchased during February TTT QUESTION 4 Which of the following entry is correct for the trans on "Cash sales of S6,000? O DR Sales Revenue Good CR Cash 6000 O DR Sales Revenue GOOD CR Account Receivable 6000 DR Cash 600D CR Sales Revenue 6000 DR Account Receivable 600CCR Sales Revenue 5000 None of the above QUESTIONS At the end of the financial year, the usual adjusting entry for accrued salaris owed to employees was omitted Which of the folowing statements is TRUE? o Salary expense for the year was overstated Net profit for the year was understated. Shareholders' equilty at the end of the year was overstated. The total of abilities at the end of the year was overstated Shareholders equity at the end of the year was understated QUESTION 6 a company's Sales Revenue is $59000, Net Sales Revenue is 542 500, Rent Income is 531 200. What is its Sales Return and Allowance in dollars