Higher Education Bulletin Volume 15-19

Higher Education Bulletin Volume 15-19

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...9 15 P See a 84 _ X21. number (i/) of eac_/1 one t/1e questzons you /awe answered. Eaclz comF, plete ans'I;/Z2;-zuzll recszz/e 10 credlts. Papers entztled to 75 or more credits wi e accepte. X22.. 1 Into what eneral classes should led er accounts be divided? oi 3' g )5! State the distinguishing feature of each class. Mention one X23 I, account belonging to each class. gr, 2 State a comprehensive general rule for journalizing. Vrite X24 i in your journal the entries of the following transactions and 25_ explain the application of the rule to each debit and credit: Tl: ),."H: You receive from A. Truman, administrator of an estate of inur which you are a legatee, full titles to property as follows: warefig" ' house on Bond st. valued at $17 5,000, mortgaged to Ironclad Ir trust co. for $18,000; suburban residence valued at $8,000; 10o X26 ' shares Tesla electric co. par value $100 a share. Three days S66 uiou, later you convey the residence as a gift to your daughter. X27 3 Vhat books of a mercantile firm should be treated as books Fe of original entry and be posted direct to the ledger? Give an COUSQ; example of an entry that should necessarily be made in the Q _. Journal. scrz (1 R1 4 State the different steps in the process of closing the ledger ' Isl at the end of a fiscal period and give the reason for each step. _-,0 i; 5 Explain the uses and relations of the petty cash book to the 1, Pr principal cash book. Rule a section of a page of an analytic K'5"l"g, petty cash book for a jobbing house and make five illustrative QC, entries. K6-6 What is the purpose of a trading account, and what general, -W," ' result should it show? In closing the ledger what disposition K9: should be made of the...
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Product details

  • Paperback | 156 pages
  • 189 x 246 x 8mm | 290g
  • United States
  • English
  • black & white illustrations
  • 1236940733
  • 9781236940735