Before attempting this assignment you should have read chapters 1 to 7 of your Osborne Book ”BASIC ACCOUNTING 1” and attempted the relevant chapter activities in your WORKBOOK. The pass mark for the assignment is 70% - should you fail then please review the areas where you are weak. If you are still having problems then please do not hesitate to contact AATFree Good Luck!
Statement or account
Sales invoice
Remittance advice
Sales control account
True
False
True
False
True
False
Purchases account,purchases returns account,VAT account
Purchase invoices, credit notes
Purchases day book, purchases returns day book
True
False
Left
Right
Middle
True
False
True
False
Purchasing supplies for cash.
Purchasing property, plant and equipment for cash.
Purchasing goods and services from suppliers on credit.
All of the above.
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