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QUESTION 28 Select the correct account types for these items: Fodures and fittings, Accounts payablc, Drawings, Sales revenue Asset,lability, equity, Income Asset, ilability, equity, expenses
QUESTION 28 Select the correct account types for these items: Fodures and fittings, Accounts payablc, Drawings, Sales revenue Asset,lability, equity, Income Asset, ilability, equity, expenses Expense, acet, equity, Income Expense, lability, asset, expense None of the above QUESTION 29 Which of the following entry is correct for the transaction Weila Led billed a customer $3,000 for consulting services provided DR Service Revenue 60 CR Account Receivable 6000 DR Account Receivable Goon CR Service Revenue 6000 DR Service Revenue 600CC Cash 6000 DR Cash 6000; CR Service Revenue 6000 None of the above QUESTION 30 The adjusted trial balance of Old Bookworm Store as at 30 June 2020 are as follows: GST Payable 500 Account Receivable 1050 Salaries Payable 300 Rent Expense 3000 Interest Expense 540 Prepaid Rent 900 Salary Expense 2400 Interest Revenue 500 Shop Showroom and Fittings 7200 Accumulated Depreciation - Shop Showroom and Fittings 4800 Share Capital 39500 Loan Payable due in 2030 Purchase Freight inwards 5640 Uneamed Rent Revenue 1200 Bank Overdratt 290 Patents 3600 What are the Non-current Assets equal to 512 for the topress ALT +110/PC) CE ALT +IN+I 10 Mac) TTT Anal 45500 Pathp QUESTION 31 Which statement relating to a trial balance is incorrect? Atrial balance may be prepared at any time to test the equality of debits and credits in the ledger. The fact that the total of the debt column equals the total of the credit column does not guarantee that the ledger is free from crrors. Atrial balance reports the financial performance of an entity. Atrial balance is a list of all the accounts in the ledger with their current balances None of the above
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