LOIL SESSION 2

Dr Rosie Cao
 Summary
FINAL EXAM:

- YOU WILL BE GIVEN A TRIAL BALANCE

- YOU ARE REQUIRED TO MAKE YEAR-END ADJUSTMENTS (LECTURE 5-
6-7)
- PRODUCED INCOME STATEMENTS AND BALANCE SHEET
- NO DOUBLE-ENTRY CONTENT

IN-CLASS TEST:
- MCQ: ACCOUNTING + FINANCE CONTENTS
- ANYTHING WE LEARNT IN ACCOUNTING CONTENT (SEMESTER 1)
- NO MORE THAN 2 QUESTIONS ABOUT DOUBLE-ENTRY

DURING THE READING:

-REVISE: LECTURE 1 + LECTURE 5
 Trial Balance
Trial Balance before profit has been calculated
DR CR
Capital introduced 2,500.00
Sales 4,000.00
Petrol Costs 200.00
Business cards costs 65.00
Website costs 900.00
Interest 144.00
Bank 2,952.52
Van 7,200.00
Van Loan 7,061.52
Tools 1,000.00
Trade payable 900.00
Trade receivable 2,000.00
14,461.52 14,461.52