The balance on Jude Co’s payables ledger control account is $31,554. The accountant at Jude Co has discovered that she
has not recorded:A settlement discount of $53 received from a supplier; and A supplier’s invoice for $622.What amount should be reported for payables on Jude Co’s statement of financial position?
Balance per ledger $31,554
CrDiscount $53
DrInvoice $622
CrCorrected balance $32,123
多做几道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
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representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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