acct 1001 practice set (1 Viewer)

jpr333

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aditya said:
yeh i can, confirm them.. sory if i sounded rude, just trying to help brother... it matters but man.. because we're procesing the same transactions.. and chances are... if urs balances but differs, then u prolli just made a silly mistake somewhere.. thats all i meant (Y)
No worries you just corrected an error for me :)
 

jpr333

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Strange that it asks us to enter the adjusting entries into the worksheet first then the general journal. I refuse to comply!
 

kow_dude

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This is driving me nuts. The only sales discount i got is from

July
2. Southwest edu 305
8. Daydream 574
18. Daydream 441
28. South-west 188

Am i missing somthing?
 

aditya

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are u 11 dollars of?

if so people have taken a discount from the purchase returns... i dno if u do this.. but i just copied it...
 

kow_dude

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omg i've had enough of this. I'm just gonna finish it off and study for my other subjects.
 

sweetgurl

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yep got same results as absolutions* but not sure if my profit figure is correct..... *sighs*
 

s.m.i.t.h

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what did everyone get for the amt in the profit loss column and the balance sheet column??

thanks
 

Lainee

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In the Balance Sheet, what accounts should be under the Shareholders' Equity heading? Is it Share Capital + Retained Profits (ie. 141 340 + Profit - Dividends Declared)?
 

jpr333

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So uh i know this has probably been asked but why is the worksheet missing a depreciation expense row and what should we do to adress it ? (total the two?)
 

kow_dude

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We're suppose to add "Depreciation expense - store fittings" into the worksheet.
 

04er

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where would we write accumulated depreciation on the balance sheet? :|
 

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