Question
Question 1(6 marks) 1. Please write the word Debit or Credit to indicate the normal balance of the following accounts (Column A). Also write in
Question 1(6 marks)
1. Please write the word Debit or Credit to indicate the normal balance of the following accounts (Column A). Also write in which statement each of these accounts will appear respectively (Column B).
| Number | Account | Normal position(debit or credit)
(A) | Financial Statement(balance sheet orincome statement)(B) |
| 0. (Example) | Payables | Credit | Balance sheet |
| 1. | Dollars coins |
.. |
.. |
| 2 | Servicevehicles |
.. |
.. |
| 3 | Cryptocurrencies |
.. |
.. |
| 4 | Unearnedrevenues |
.. |
.. |
| 5 | Leasedbuildings |
.. |
.. |
| 6 | Assets underconstruction |
.. |
.. |
| 7 | Accumulateddepreciation |
.. |
.. |
| 8 | Depreciationexpenses |
.. |
.. |
| 9 | Loan interests(charged bythe bank of acompany) |
.. |
.. |
| 10 | Bank interest(received froma bankaccount) |
.. |
.. |
| Note: 0.6 mark for every correct answer (10 x 0.6 = 6 marks in total). | |||
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
