l3

Is

Mh ccotlN

'l rr liOlllrl l('Al, rN'IllltV!!'rv QUIs-IroNS

t.

Colldllo ol$cou .laLrdttr

7,

u.nt

1,

PltFIC

r..olfi l a taltlirl.oqn

x.old hllanotrl "ruun'

R.dlrruo

l. Tlrdln!

II

li

a orl'tl

lr

ccou'r'

h.Nonl..ltrc'

6. ltt .lFl ra pn.nrr !c.n

7. oood$lllai hl.ndl,l.

tr is

trD''

lltll

acmunr'

s(

t, tr.l.n..rt.d h rrqlNC ll llEG d ol lhc Pcriodtoshowlhc linanci'lposition

e l. ulc lEd.ai tEl.n.. ihccl. lrrur3 !rc nmng'd in lhu ord$otl-iqurditv
lO. Scmnloluc

ll
12.

isulsoc,ll.{ Brcrk_ upvrluc'

bnrt.r lr.nsacrion h

one whcrein iLems de

excheBed r'r

'rher

ilcms'

Clpiral epEscnls crccs olascs over linbilnies

ll. occras

in Llrc.apnd ar fte

l4.slatdcnl otafai$
15. Exccss

or$c

period rcPftscnts

is prepde! ro ascenain

tund rclc6 ro

Lo$'

C'pilal
Loss'

olor.nin-P capir.l ovcr'losing

I6 Thclm

l7

'nd

'apilaldenots
Worl(ng Cr nnrl in lund nowsrs(cme't'

r_bw oi tund nEans incre.scotJecrcrs! oiwDrking

"pi''l

ls.Equarionshowinelhecqnalilvoldch situlmdnsrscilledatcouDtingequtrtion

lr.ln

Doublccnrry slsrc !. crerr mn\xcrion 'Jllcc$

20. Accou.ts lroin

2l

'

easl1so accounLs

incoDrphr.Iccods rDolieD crllcd Singlcenrry svslcnl

INonrplelc rec.rds rre mrinunrcd bv a Solt tradcr

ll.'Ih!oblccnvdol no pLolirdslrnsor-lanrzrionsIsDr'nJerSennA'

ll

l{u!ciueJccounl ol.onproir orBa'izinon

?,l. clLN,nr bllrnccolreceiltsand

15. l)'ll.rctrcc h.(veen

r\o

rs

lntomernd erpcndirurcnccounr'

pavm!nE'ccou indr'xr'\crd' b!lrncc

side! olinconrc &.xp'ndiluto rc'onnl epr'scnB

SI'A RT TND STOP

IlITII PMYER

Su+h

or drlicit

26. A

billorexch&8e beaoF ils eceflece 6 calld

27. A

bill olexchmg. is a Nseotisblc insrument'

28. The

mals ota bill of exchange

is callcd

Dnn

Dnw'r

bill of exch4g. h drawn on $e Dcblor'

29. A

30 AbillofcrchangendrawnbvlhcCEdnor'
/chequ. is not made on due d'G' iI is ssid to be DishonooEd

ll.lfpoyncnt oabill
32. Elidence

otdishonour otbill isdonc throuSi

13

lo whon

Frsn

bil! is ododed

14 'l he fe. Pard for nori4 lhc bill n

35.

brl

Rcsdes

19. P@nr on

kcPr

ledger

n.6

b'nt ot'drah'

nems Btnk Overdrrft'

ce in Poss book

37.Po[ronsalcoltxcd ssel
38.

trrdoBe'

qled Nol!ry chrg'-

C..dn balancc in comPanv s banl

16. Debir

is caued

Noli'g'

rs a

Crnil'l ltunt

outotcapnal profis aecalled

c'[iiolRcF

e'

adjusrcd lo Crpitrl
revlluolion olfixed Js*ts m liobihlies de

Rcscr'

which tr nol called up'

40 R0sedccrpirat isGep,noraulholisd capiEl

Rcst

ofrhe conpmv'
areEseh-es wbichaEhidden lrcm themenbu

4l

secr.l

42.

ResEe i.vcsEd otrBidc lhc busine$ F

41.

js
Rcsede is crarcd iladequaLe pofi I eamcd'

es

4a.Prcrtuion iscrcared cvenil rhcen

4s.

nucuatiodElcN

ro chansc

46. Rcducl'on io lhc value

17.

DcDr..ution na

48. Denreciation G
49.

'n

no

called

Rcs'de f,nnd

prcfit

the!'lueolCurrcnr!ss'l

oaldeible fixed assl iscillcdDcprci'tion'

no.

cush iLeh

soorce

ollund

d'crclsingved afro ve&

Und.r Dimioishitrg balancc merhod, moud oidcprecialion eoes

50. Dople(iotr /

Erhru$oD is llc depoiaioncaused

START

ND Sf O P

ro

va$ing assels'

IV I T H P M Y E R

5 r

ocprcciurion cuusud ro i,,rd,rinr"

s2 l).crco. h

Jl, Uid(

rhc

llla AC( ()rJNls

,*",

t"

",,irj

,r,,,,r",

r"..

vrlu. ol nxld trNch hy u,n ihr ue h cn .d d.nEchrtun

obLbtht

v.tu.

molhod, rh! vrtu.

of.rfl n v.r.ohcr

hy

w(0.

Dnd

rcrr

b /cm.

t(,ll.tl.|l!.d l. utd b l!E, ll.hlllry o. lo Fnte. wrsring s*h

!! /trt.ll'Nl 6hdo..i.t d.p6.hr.. h rnnd.
t6

lncomc rccrilcd itr 0ijvnncc h

Lirbitiry.

5?.lncome.@ed bur nor rcceivcd is known

as

53 Expcns6 whi.h rcnain unpaid.r lhc

ollhe accoumins peiiolj

59.

Resu.es of

an accountine

end

entjry,rc ca

cd

AccrDcd n,comc
are ou

ktlndjn8 .rFnses.

Assch

60 Asset rccomrs will 6tways have a Debil batmce.

6l

PEpaid expe.sc is m Assct.

62.

A$el requned lorprctoneed

61. FloiunB 6scts

64.

Ascu

65 Nlinos

dc Currcntasscls

or

Filed,sser.

Circutrling rsek.

which scr erhausrcd ro lhe exlenr otexLmcrione cdlcd

arc

Ihc book

shremer

lhor reco.ds smalt

ro

is

ot cash is colled pcuy clsh boo&.

undcrthprest sysrcD.

Corl otgoods sotd + (;ros l,rofir.

70 Crcdil Norc is lhe

$urc ,lauhe.r

for sales rcurns.

71. Dcbn note is rhe so@c dGumem tor purchrse

71.

7l

rssets.

prcpaFd by rhe,^ccount holdcr.

p,]ncnr

68. Petry c,shbook is usua y kerr

69 Sllcsisequal

wrsl[g

c\anpte of saj,ns a$ers.

66. BanI Reconcilialion

6?.

use are calteJ

rrrurn.

Accounling ConccDts rE lheb6ic Nsunrprions /condnjons

on which lhe rccotrndns
ccordins ro coing conc.rn.onccpr n is a$uncd
lhal

tu

btrsine$

llu\ircssrotrt' conceprsoreslharbusines.ndrhe
Pop erorarc
InNn'r1s Enrir]

& \,oney Mcasurcn,cnl

76 ,{!.otrnLtrA. rocords LriDsacr,on in rerm

wilthj

is

t!scd.

tora long rime

sePdare cnhrics.

conceur are rhe lundanrenhl accourine concepts

oaI{0nrhr} urirs.

SIARr AND STOP

II/1T]T PK,IYER

77,

trhl l,nhn$

7s.'l

is a

srateMt oldcbnundcrdi brlancc

ri:l talanc.helps

oliccounrs

rb

in verilying lhe cotrcctne$ ol'books dl accoun''

79. Amounl spcnt ior ocquisilion oafi xed

ssct

is called

CnPnrl Ernbd'tur''

80 Expendiluresbetore sertinsayi.ld ecdliedDevclolmtntcrPmd'luNs'

81. Deferred

[rpctrtlilurcs in

lhe balanceshccris Minen oll]-ear

82 Pdnc6hip dis$lvcd by siving noticc is PrrrbcrshiP r(

81.Theliabilnyoapannc ina nm
s4. OuBrandi.s wascs isan

b, vear'

*ill

Unlinncd.

is

exmple ol Reprcs.nt.live person'l rccount'

85 l.llepurposofProlisionhroneeroliabilrtvoradimrntrri'ninihevalueoftuNel'
86. Excess operating
s7. Pa)-

ou

oio

xpoes

over sross

nems hrio of

Imfil

plofil itcaued Opemli'g los'

dBlribulc.t lo ptonr
eror

88. Rccordine crcdirsalcs inpurchases book is an

89. Equity

rrc6 b

'c$incd'

orco'nirsion

OwnorsniD inlcrcsl

90.Invoic$Md roucheB sveiliableevidcDceolabusinessroneclion.

91.

Clsh dkcounl n allowed

aor

pn,mpl paymenl

92 GAAP nrcrns cerclally Accepred

91. Cnsh

Principles

^Eounnng

now3lrrncntisnsefinforshon

tm

valuc bur sho*'n in

94.

A$ershichhaveno rcal

95.

Prelidi.do expcr*sare Ficl'tious rsch.

96

Brrlk-

evD

point

isthepoi

at

qbich thc

limncial Milvsis.
b.lmccsher aE Fi.lilious ass.rs'

lim hN .o plofit and

no loss.

9?.lrConssnnenlsnlcs,lltconsignccundenlkcs(o$lllhcsoodsonbchallolrhcco'siSnor'
98. Two or nDrc

fins

unh

sin,l,

husincss liquidarcand lamr

ancwco isAn,lgrnrlion

99,\ncxisrinAco.l*esolcrfi.busine$oioneoidorecxisingconpanics.irisAbsornlion
lOl).

wiodoi dre$'ns

is lhe meipultdons by fie Dmagcm.nt to show bcuer inancialFositio.

STARf ANDSTOP INTH

PM|ER