Prepare an adjusted trial balance for the Company as per 31.12.2013 according to the transactions in the quiz.
The audit fee account (profit/loss) is debited 30.000 while the other creditors account (liability) is credited 30.000
The audit fee account (profit/loss) is debited 30.000 while the bank overdraft account (liability) is credited 30.000
The audit fee account (profit/loss) is credited 30.000 while the other creditors account (liability) is debited 30.000
The audit fee account (profit/loss) is credited 30.000 while the bank overdraft account (liability) is debited 30.000
The corporation tax account (profit/loss) is debited 67.000, the corporation tax payable account (liability) is credited 55.000 while the derferred taxes account (liability) is credited 12.000
The corporation tax account (profit/loss) is debited 67.000 while the other creditors account (liability) is credited 67.000
The corporation tax account (profit/loss) is credited 67.000 while the other creditors account (liability) is debited 67.000
The corporation tax account (profit/loss) is credited 67.000, the corporation tax payable account (liability) is debited 55.000 while the derferred taxes account (liability) is debited 12.000
The corporation tax account (profit/loss) is debited 67.000, the bank overdraft account (liability) is credited 55.000 while the derferred taxes account (liability) is credited 12.000
The corporation tax account (profit/loss) is debited 67.000 while the bank overdraft account (liability) is credited 67.000
The cost of goods sold account (profit/loss) is debited 144.000 while the goods for resale account (asset) is credited 144.000
The cost of goods sold account (profit/loss) is debited 189.200 while the goods for resale account (asset) is credited 189.200
The cost of goods sold account (profit/loss) is debited 45.200 while the goods for resale account (asset) is credited 45.200
The input VAT account (liability) is credited 10.000, the output VAT account (liability) is debited 17.500 while the VAT payable account (liability) is credited 7.500
The input VAT account (liability) is credited 10.000, the output VAT account (liability) is debited 17.500 while the bank overdraft account (liability) is credited 7.500
The input VAT account (liability) is debited 10.000, the output VAT account (liability) is credited 17.500 while the VAT payable account (liability) is debited 7.500
The input VAT account (liability) is debited 10.000, the output VAT account (liability) is credited 17.500 while the bank overdraft account (liability) is debited 7.500
The input VAT account (liability) is credited 10.000, the output VAT account (liability) is debited 17.500 while the other creditors account (liability) is credited 7.500
The accumulated depreciations on equipment account (asset) is credited 39.000 while the depreciations on equipment (profit/loss) is debited 39.000.
The accumulated depreciations on equipment account (asset) is credited 5.000 while the depreciations on equipment (profit/loss) is debited 5.000.
The accumulated depreciations on equipment account (asset) is credited 10.000 while the depreciations on equipment (profit/loss) is debited 10.000.
The accumulated depreciations on equipment account (asset) is credited 31.250 while the depreciations on equipment (profit/loss) is debited 31.250.
The provision for bad debt account (asset) is credited 850.000 while the bad debt account (profit(loss) is debited 850.000
The trade debtors account (asset) is credited 115.000 while the bad debt account (profit(loss) is debited 115.000
The trade debtors account (asset) is credited 850.000 while the bad debt account (profit(loss) is debited 850.000
The provision for bad debt account (asset) is credited 115.000 while the bad debt account (profit(loss) is debited 115.000
The office supplies account (profit/loss) is debited 500 while the bank overdraft (liability) account is credited 500
The premises expense account (profit/loss) is debited 45.000 while the bank overdraft (liability) account is credited 45.000
The prepayments account (asset) is debited 45.000 while the bank overdraft (liability) account is credited 45.000
The interest expenses account (profit/loss) is debited 50.000 while the bank overdraft account (liability) is credited 50.000
The interest expenses account (profit/loss) is debited 37.500, the longterm liabilities account (liability) is debited 12.500 while the bank overdraft account (liability) is credited 50.000
The interest expenses account (profit/loss) is debited 32.500, the longterm liabilities account (liability) is debited 17.500 while the bank overdraft account (liability) is credited 50.000
None of the transactions should be posted in the financial statement as per 31.12.2013
The interest revenue (profit/loss) is credited 1.350 while the bank overdraft account (liability) is debited 1.350
The interest revenue (profit/loss) is debited 1.350 while the bank overdraft account (liability) is credited 1.350
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