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ACC5202 Accounting For The Expenses And Incomes

tag 0 Download 14 Pages / 3,263 Words tag 23-11-2020


1. A student was overheard to say “The worksheet is a very important report. If the worksheet ‘balances’ the books are correct!” Comment on the statement (i) that the worksheet is a very important report and why, and (ii) whether it is correct to assume that the books are correct. Give 2 examples to either support or disprove this statement.

2. As a graduate accountant you are confronted with the following task in your first job. Your boss informs you that the Trial Balance as at 31st December 2018 does not balance and asks why? 
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Total 14 pages

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