ACC213 CHALLANGE

A

100

We prepare ledger accounts only for the income summary & capital?

False

200

Use chat GPT : Write an example question for closing entries . solve it then check your answer

Excellent

300

Commission income account is classified as ---- and it is normal balance is------

Revenue, Credit, Temporary

Expense, Debit, Temporary

Revenue, Debit, Permanant

Revenue, Credit, Temporary

400

قولو لنا نكتة تضحك

ههههههه

500

Prepare a game using WordWall including 3 questions on account.

Well Done

B

100

The ledger for income summary must be zero?

True

200

Bonus For Most Kind  Student in the class

:))

300

DESIGN A MIND MAP TO SUMMARISE THE CLOSING ENTRIES LESSON.

Good job

400

If Total Revenues =BD 150,200 and Total Expenses = 114,200, The the entry to close Income summary account is:

1)Dr. Capital 36,000 / Cr. Income summary 36,000

2)Dr. Income summary 36,000 / Cr. Revenue 36,000

3)Dr. Income summary 36,000 / Cr. Capital 36,000

3)Dr. Income summary 36,000 / Cr. Capital 36,000

500

Accrued Expense classified as ??

Liability

C

100

The Following Accounts are closed at the end of the year Except: Salaries/ Depreciation/ Prepaid insurance

Prepaid insurance

200

List three Permanent  accounts

Land

Building

Account payable

300

The ledger of Hanadi company includes the following account with normal balances on November 30,Hanadi Capital 103,000, Cash 35,750/ Account receivable 45,400/Equipment 50,300/Land 20,900/Account payable 32,500.

Required:
The Total of post –closing trial balance on November 30.2020 If the new capital was 119,850. should equal:

152,350

400

قولي حوش خميس خوش حوش 3 مرات بسرعه

شطوورة

500

Using AI Canva design A Logo for Account 213 subject

Niiice