An accountant has inserted all the relevant figures into the trade payables account, but has not yet balanced off the account.
TRADE PAYABLES ACCOUNT $ $Cash at bank 100,750 Balance b/d 250,225Purchases 325,010Assuming there are no
other entries to be made, other than to balance off the account, what is the closing balance on the trade payables account?
TRADE PAYABLES ACCOUNT
?????????????????????????????????? $??????????????????????????????????? ?$
Cash at bank????????? ?100,???????????????????????????????? ?750
Balance b/d???????????? 250????????????????????????????????? ?225
Balance c/d???????????? 474????????????????????????????????? ?485
Purchases?????????? ?325,010????????????????????????? ?575,235
??????????????????????????????????????????????????????????????????? 575,235
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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