In column A, identify the account to which element it belongs whether Current Asset (CA), Noncurrent Assets (NCA), Current Liabilities (CL), Noncurrent liabilities (NCL) or Shareholders’ equity (SHE). In column B, indicate the line item to which the account belongs.
In column A, identify the account to which element it belongs whether Current Asset (CA), Noncurrent Assets (NCA), Current Liabilities (CL), Noncurrent liabilities (NCL) or Shareholders’ equity (SHE). In column B, indicate the line item to which the account belongs.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4AP
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Question
In column A, identify the account to which element it belongs whether Current
Asset (CA), Noncurrent Assets (NCA), Current Liabilities (CL), Noncurrent liabilities (NCL) or
Shareholders’ equity (SHE). In column B, indicate the line item to which the account belongs.
Column A Column B
1. Share Capital
2. Accounts Payable
3. Plant Expansion Fund
4. Trading Securities
5. Employees income tax payable
6.
7. Raw Materials
8. Share Premium
9. Advances from customers
10. Serial bonds not collectible currently
11. Investment in Bonds
12. Notes Payable
13. Prepaid Insurance
14. Income Tax Payable
15. Land
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