Which of the following items is NOT found on the debit column of a trial balance? A. Postage and stationary B. Motor vehicle C. Rent and rates D. Capital E. Salaries and wages

Which of the following statements about the trial balance is incorrect?a.It is a list of balances from the ledger accountsb.It provides a useful check on the accuracy of the ledger accountsc.It calculates the profit or loss achieved by the businessd.The total value of debits must equal the total value of credits

1)Which of the following accounts would be listed on the credit side of a trial balance? 答案及選項: A.  Rent and rates B.  Returns inwards C.  Cash D.  Returns outwards2)Which of the following accounts can be in debit balances on a trial balance?(1) Investment(2) James Lee(3) Bank(4) Returns inwards 答案及選項: A.  (1) and (2) only B.  (1), (2), (3) and (4) C.  (1), (3) and (4) only D.  (3) and (4) only3)Mandy operates a trading business. Her business does not have liabilities. In the trial balance of her business, 答案及選項: A.  only the capital account would have a credit balance. B.  office equipment would not be shown. C.  There would be an bank overdraft D.  there would be no trade payables.4)Tom's flower shop purchased 35 pots of flowers valued at $30,000. Tom's flower shop was required to pay the debt in three weeks. Which of the following double entries is correct? 答案及選項: A.  Debit trade payable account……Credit purchases account B.  Debit purchases account……Credit cash account C.  Debit cash account……Credit purchases account D.  Debit purchases account……Credit trade payable account5)The proprietor of a business withdrew cash for his personal use. The double entry should be: 答案及選項: A.  Debit cash account……Credit bank account B.  Debit cash account……Credit drawings account C.  Debit drawings account……Credit cash account D.  Debit bank account……Credit cash account

(b) From the information provided and what you drafted (Trial Balance and Income Statement), select the items that belong in each of the following categories: (i) Non-Current Assets (ii) Current Assets (iii) Current Liabilities

Which item would not appear on a Balance Sheet?1 pointRetained EarningsAccounts Receivable Prepaid expenses Interest Payable Gross Profit

Which of the items below does not appear on the work sheet?Group of answer choicesadjusting entriesthe unadjusted trial balanceclosing entriesthe dividend account