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Accountancy Problems Volume 1; With Solutions

Accountancy Problems Volume 1; With Solutions


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 Excerpt: ...but other matter which is pertinent to an Accountant's practice as well. (3) State Boards should from time to time revise their syllabi so as to keep abreast with the commerce and trade of the day. (4) Publicity should be given to all matters regarding the accounting profession as well as regarding the examinations held from time to time, and their results, so as to raise the professional standing and acquaint the public in general with the usefulness of the profession. Theory of Accounts. New York Examination, January, 1906. Answer 10 questions but no more. Answers in excess of the number required will not be considered. Do not repeat questions but write answers only, designating by number as in question paper. Check the number of each one of the questions you have answered. Each complete answer will receive 10 credits. Papers entitled to 75 or more credits will be accepted.--January 30, 9.15 a. m. to 12.15 p. m. 1 What is a consignment account? How should it appear on the books of the consignor? 2 What is a sinking fund? How should the account be treated on the books of a corporation? 3 In a set of books in which sales book and sales ledger are used, how should a sale of merchandise be treated when an accepted draft for the amount is given by the buyer? 4 Define and differentiate the following kinds of statements: (a) trial balance, (b) balance sheet, (c) statement of assets and liabilities, (d) statement of affairs. 5 State briefly the proper manner of conducting the following kinds of accounts: (a) bills receivable, (6) bills payable, (c) shipment accounts. 6 In what order should the accounts be arranged as they successively appear in (a) a ledger containing all the accounts of a business, (b) a ledger containing accounts of fixed assets and fixed liabi...


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Product Details
  • ISBN-13: 9781130727265
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 120
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1130727262
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 227 gr


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