ACCT 101 Saudi Electronic University Principles of Accounting Questions
I demand living after a while this Accounting scrutiny so I can gather meliorate.
Instructions – PLEASE READ THEM CAREFULLY
Assignment Question(s):(5 Marks)
A aggregation wants to instrument good-natured-natured inner curb. What are the policies and procedures you can insinuate to minimize ethnical frauds and errors? (1Mark)
Assume that you keep a aggregation. And the skillful-treatment team estimates that 3% of sales earn be uncollectible.
Give any quantity of sales and order the chronicles entrance using the percent of sales course. (1Mark)
A aggregation that uses a perennial catalogue regularity made the subjoined money purchases and sales.There was no inauguration catalogue.
Purchased 30 units at SAR11 per unit
Purchased 30 units at SAR 13 per unit
Sold 50 Units for SAR 15 per unit
A.Prepare unconcealed chronicles entries to chronicles the March 16 sale using the
B. What is the require of good-natureds sold and the bulk edge for each course? (2Marks)
Q4. What is the bank pacification? why is it main for companies to order bank pacification periodically? (1Mark)