Accountancy Problems: With Solutions, Volume 2

Accounts Payable Accounts Receivable accrued allowed amount Answer assets audit auditor bad debts balance sheet bank Bills Payable Bills Receivable Capital Account capital stock cent certificate charged commission common stock company or association contract controlling account corporation cost court creditors debit December 31 deduction deposit depreciation directors discount dividends earnings executor expenses firm fund gross profit holders income incorporation insurance company interest internal revenue inventory investment issued January joint stock company July June ledger liabilities loan loss account machinery Manufacturing Company mortgage bonds Notes payable Notes Receivable operation organized paid par value partners partnership payment Plant preferred stock premium problem profit and loss purchase question Raw Materials real estate realized receipts Rent salaries Section shares sold solution statement stockholders subscribed Sundry Surplus tion Top Fuel Total trading transactions Treasury stock trial balance ultra vires