Accounting - 4AC1 PearsonEdexcel

Accounting For End Of Period Adjustments: Other Receivables And Payables

Muhtasari

Working out an accrual or a prepayment in a ledger account is only half the job. The figure then has to land in exactly the right place: the correct line of the income statement, and the correct section of the statement of financial position. Get the placement wrong and a perfectly calculated adjustment still produces a wrong set of financial statements.

In this lesson you will learn how accrued and prepaid amounts are presented in the income statement and the statement of financial position, and, just as importantly, what happens to reported profit when one of these adjustments is missed altogether.

Malengo

  1. Explain why it is necessary to account for other receivables and payables
  2. Distinguish between other receivables and payables
  3. Calculate and record other receivables and payables in the books of account

Ramani ya mawazo

Mada hii imechorwa ili uone jinsi mawazo yanavyounganika.

Fungua ramani ya mawazo kwenye programu

Kadi za kumbukumbu

Mazoezi ya haraka ya kumbukumbu kuhusu kinachopimwa katika mada hii.

Fanya mazoezi ya kadi hizi kwenye programu

Maelezo ya Somo

The companion lesson, Introduction to bookkeeping: Other receivables and payables, showed how to calculate an accrued expense, a prepaid expense, accrued income, and income received in advance, and how to record each one in a ledger account. This lesson picks up exactly where that one left off: once the figure has been calculated, where does it go, and what happens to profit if nobody calculates it at all?

Dokezo Kamili la Somo Linapatikana kwenye Programu ya Green Bridge

Pata programu ya Green Bridge CBT kwenye simu au kompyuta yako kwa maktaba kamili ya IGCSE: mitihani ya miaka iliyopita, miongozo ya usahihishaji, ramani za mawazo, kadi za marudio na masomo ya sauti.

Maelezo kamili ya masomo yenye michoro
Msaidizi wa kujifunza wa AI
Mitihani ya majaribio yenye muda, husahihishwa mara umalizapo
Pakua programu ya simu Pakua programu ya kompyuta
Inapatikana kwa Android, Windows, macOS, na Linux Programu ya iOS inakuja hivi karibuni

Tathmini ya Somo

Hongera kwa kukamilisha somo la Accounting For End Of Period Adjustments: Other Receivables And Payables. Sasa kwa kuwa umechunguza dhana na mawazo muhimu, ni wakati wa kuweka ujuzi wako kwa mtihani. Sehemu hii inatoa mazoezi mbalimbali maswali yaliyoundwa ili kuimarisha uelewaji wako na kukusaidia kupima ufahamu wako wa nyenzo.

Utakutana na mchanganyiko wa aina mbalimbali za maswali, ikiwemo maswali ya kuchagua jibu sahihi, maswali ya majibu mafupi, na maswali ya insha. Kila swali limebuniwa kwa umakini ili kupima vipengele tofauti vya maarifa yako na ujuzi wa kufikiri kwa makini.

Tumia sehemu hii ya tathmini kama fursa ya kuimarisha uelewa wako wa mada na kubaini maeneo yoyote ambapo unaweza kuhitaji kusoma zaidi. Usikatishwe tamaa na changamoto zozote utakazokutana nazo; badala yake, zitazame kama fursa za kukua na kuboresha.

  1. A business paid $9,200 for electricity during the year and owed a further $2,400 at the year end. What figure appears in the income statement? A) $9,200 B) $2,400 C) $6,800 D) $11,600 Answer: D
  2. A prepaid expense is shown on the statement of financial position as: A) A current asset B) A current liability C) A non-current asset D) Capital Answer: A
  3. A business omits an accrued expense from its year-end accounts. What is the effect on reported profit? A) Profit is understated B) Profit is overstated C) Profit is unaffected D) Profit becomes a loss Answer: B
  4. A business omits accrued income from its year-end accounts. What is the effect on reported profit? A) Profit is understated B) Profit is overstated C) Profit is unaffected D) Profit becomes a loss Answer: A
  5. Income received in advance is classified on the statement of financial position as: A) A current asset B) A non-current liability C) A current liability D) Capital Answer: C

Fanyia kazi maswali haya kwenye programu

Fanyia kazi maswali haya kwenye programu

Vitabu Vinavyopendekezwa

Pearson Edexcel International GCSE (9-1) Accounting Student Book
Pearson Edexcel International GCSE (9-1) Accounting Student Book
Manukuu: First edition
Mchapishaji: Pearson Education
Mwaka: 2018
ISBN: 978-0-435-18859-1
Maelezo: Endorsed student book covering the full 4AC1 specification with worked examples and exam-style questions.

Jifunze zaidi kutoka vyanzo huria

Vimechapishwa na mashirika mengine chini ya leseni huria na vinatajwa kama wanavyoomba. Viungo hufungua tovuti zao.

Fanya Mazoezi ya Maswali ya Majaribio

Ungependa kufanya mazoezi ya maswali ya majaribio kuhusu Accounting For End Of Period Adjustments: Other Receivables And Payables? Pakua programu ya Green Bridge CBT ili kupata maswali ya majaribio na tathmini kamili za mazoezi kuhusu mada hii.

Pakua Programu Kwenye Google Playstore

Kila kitu unachohitaji ili kufaulu katika JAMB, WAEC & NECO.

Green Bridge CBT Mobile App
Msaidizi wa Gumzo wa Kujifunza wa AI Uliobinafsishwa
Maswali ya mtihani zaidi ya 200,000 ya IGCSE, JAMB, WAEC na NECO
Zaidi ya Madaftari ya Masomo 1200
Msaada Nje ya Mtandao - Jifunze Wakati Wowote, Popote Pale
Ratiba ya Daraja la Kijani
Muhtasari wa Fasihi na Maswali Yanayoweza Kutokea
Fuata Utendaji na Maendeleo Yako
Maelezo ya Kina kwa Kujifunza kwa Kina