Anh văn chuyên ngành 2 - AC11 (92)

Any increase in a depreciation provision is credited to the Profit and Loss account.

The reducing balance method is also termed the………….balance method.

The provision for depreciation …………up the amount of depreciation year by year.

The asset account has a………….balance.

There is likely to be either a ……….or a profit arising out of the sale of a fixed asset.

The asset account balance is not reduced by the …………..provision for depreciation.

. ………..cheques and amounts paid in, not yet credited are used to prepare the bank reconciliation statement.

The cash book is …………. with items revealed by the bank statement, e.g. bank charges, credit transfer, direct debit, etc.

A stale cheque might be a dishonored one.

The reconciliation statement will start with the balance as…………..the bank statement.

A ………… cheque is one which the bank refuses to pay for various reasons.

One of the reasons for a dishonored cheque is that the drawer has not……..……funds in his bank account.

Bank charges are the income of the business.

The items picked up from the bank statement should not appear in the …………statement.

The third step in updating the cash book is that the cash book is ……………to obtain the up-to-date balance.

A bank account with overdraft has a debit balance.

A prepaid expense is added to the expense item from the trial balance.

An income prepayment appears in the balance sheet as a……………

An expense accrual appears in the balance sheet as a………..

The prepaid amount is …………..from the figure shown in the trial balance when including the item in the profit and loss account.