QUIZ 2

1) Return outwards ___________________

appearing

in

Trial

balance

is

deducted

from

2) Freight inwards appearing ________________________

in

Trial

balance

are

shown

on

the

3) Goodwill is ______________ side.

4) Drawings are deducted from ________________________________. 5) What is an accrued income?

6) What is an Outstanding Expense?

7) What are the causes of depreciation?

8) Distinguish between provision and reserve.

9) What is a Bank reconciliation statement?

10)

Draw the format of a Bank reconciliation statement.2 marks