highlight on final test element of accounting and finance 1

Dear all my students at IT&B, I will put the reminder for your final test revision questions for element of accounting and finance 1.

First of all, you have to answer 2 questions out of 3 questions in final test.
Part 1 consist of questions general journal then post to ledger (T accounts), then trial balance, profit and loss and balance sheet. This is similar to question chapter 6. You can try question 6.2 in page 66 of textbook. Remember start with general journal then end with P+L and Balance Sheet.

Part 2 consist of two questions, which is provision for doubtful debt and provision for depreciation
For doubtful debt - look at question on 25.1, 25.2 etc.. and handout page 20.
For depreciation - look at question on 26.1, 26.1, etc... and handout page 22.
Remember answer only any one of the questions in part 2.

All the best William Chen