會計原則與複式簿記：練習題

Which of the following is an example of capital expenditure for a delivery business?

An owner takes \(\$500\) from the business bank account for personal use. The accountant records this by debiting the Drawings account and crediting the Bank account. Which accounting concept is being followed?

A company purchased a machine for \(£50,000\) on 1 January 2022. It is the company's policy to charge depreciation at \(20\%\) per annum using the reducing balance method. What is the accumulated depreciation at 31 December 2023?

Which of the following books of prime entry is used specifically to record the sale of goods to customers on credit?

A business values its closing inventory at the lower of cost and net realizable value. Which accounting concept is being applied?

Define the business entity concept and explain how it influences the recording of a sole trader's personal expenses paid from the business bank account.

Explain the accounting treatment for an accrued expense at the end of a financial period, and identify the accounting concept that dictates this treatment.

Evaluate the impact on a business's Statement of Profit or Loss and Statement of Financial Position if the owner mistakenly records a private insurance payment as a business expense.