Solution manual Accounting An Introduction to Principles & Practice 7th Edition – Test Bank
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Edition: 7th Edition
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Solution manual Accounting An Introduction to Principles & Practice 7th Edition – Test Bank
Accounting: An introduction to principles and practice, 7e. Solutions Manual 1 Chapter 1 Accounting: its foundations
Question 1.1
Across: 2 non current; 5 current liability; 8 accrual; 10 profit; 11 interpreting; 12 users;
15 analysing; 16 external; 17 revenue; 18 process. Down: 1 current asset; 3 owners equity; 4 accounts payable; 6 internal; 7 service; 9 collecting; 13 expense; 14 assets.
Question 1.2
Across: 2 creditors; 5 debtors; 6 stationery; 10 office equipment; 11 accounts receivable; 14 postage; 15 stock on hand; 16 drawings; 17 loan; 19 machinery; 20 computers;
21 inventory. Down: 1 mortgage; 3 cash; 4 land; 7 accounts payable; 8 cash at bank;
9 motor vehicles; 12 capital; 13 building; 18 stock.
Question 1.3
Across: 1 materiality; 3 disclosure; 4 continuity; 6 historical cost; 9 consistently;
11 conservatism; 12 Australian; 15 one year; 16 cost. Down: 2 indefinitely; 5 going concern; 7 entity; 8 monetary; 10 period; 13 laws; 14 all.
Question 1.4
Across: 2 public; 5 financial statements; 7 users; 8 accrual; 10 corporations;
11 enforceability; 14 framework; 15 external; 16 balance sheet; 17 companies; 19 accrual; 20 assumptions. Down: 1 AASB; 3 consistency; 4 fair; 6 income statement; 9 going concern; 12 international; 13 entity; 14 financial; 18 IASB.
Question 1.5
Across: 5 unlimited; 6 partners; 8 agreement; 9 silent; 12 shareholders; 13 partnership; 14 sole trader; 15 limited. Down: 1 corporations; 2 ltd; 3 directors; 4 pty; 7 shares;
10 proprietary; 11 registered; 13 public.
Question 1.6
a. deposited, cashed; b. payee, drawer Question 1.7
23 February 20 15
TO L Reyes
Natural Australia Bank
NITROGEN BRANCH
23 February 20 15
PAY L Reyes OR BEARER
FOR Inventory purchased
THE SUM OF Ninety nine dollars only $ 99.00
$ 99.00
D HAREN
D Haren
823191
“.823191 “.078″474″:156″.8087”.
23 February 20 15 TO LJ Booker
Natural Australia Bank
NITROGEN BRANCH
PAY L J Booker OR BEARER
23 February 20 15
FOR Rent for March
THE SUM OF Two hundred and twenty dollars only $ 220.00
$ 220.00
D HAREN
D Haren
823192
“.823192 “.078″474″:156″.8087”.
Accounting: An introduction to principles and practice, 7e. Solutions Manual 2
23 February 20 15 TO Wages
Natural Australia Bank
NITROGEN BRANCH
PAY Wages OR BEARER
23 February 20 15
FOR Wages, week ended 22 February
THE SUM OF Nine hundred and ninety dollars only $ 990.00
$ 990.00
D HAREN
D Haren
823193
“.823193 “.108″474″:156″.8087”.
Question 1.8
TO Wages
10 August 20 15
Natural Australia Bank
NITROGEN BRANCH
PAY Wages OR BEARER
10 August 20 15
FOR Wages for the period
THE SUM OF Six hundred and forty dollars $ 640.00
$ 640.00
A ROSSANA
A Rossana
533234
“.533234 “.078″474″:156″.8087”.
15 August 20 15
TO Telstra
Natural Australia Bank
NITROGEN BRANCH
PAY Telstra OR BEARER
15 August 20 15
FOR Telephone account
THE SUM OF Three hundred and nineteen dollars only $ 319.00
$ 319.00
A ROSSANA
A Rossana
533235
“.533235 “.078″474″:156″.8087”.
21 August 20 15
Natural Australia Bank
NITROGEN BRANCH
TO Roads & Traffic Authority
PAY Roads & Traffic Authority OR BEARER
21 August 20 15
FOR Vehicle registration
THE SUM OF Five hundred and sixty-one dollars only $ 561.00
$ 561.00
A ROSSANA
A Rossana
533236
“.533236 “.078″474″:156″.8087”.
Accounting: An introduction to principles and practice, 7e. Solutions Manual 3
TO M Solis
28 August 20 15
Natural Australia Bank
NITROGEN BRANCH
PAY M Solis OR BEARER
28 August 20 15
FOR Inventory purchased
THE SUM OF Two hundred and forty-two dollars only $ 242.00
$ 242.00
A ROSSANA
A Rossana
533237
“.533237 “.078″474″:156″.8087”.
MAECENAS IACULIS
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