Published accounts must include the following statements:

• A.Manufacturing account, income statement, statement of financial position and statement of cash flows
• B.Trading account, income statement and statement of financial position
• C.Income statement and statement of financial position
• D.Income statement, statement of financial position and statement of cash flows

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The trial balance shows the debit total as $200 less than the credit total.
This could be due to:

• A.Entering $100 received from a customer on the credit side of the trade receivable's account
• B.Under casting the purchases daybook by $200
• C.Entering $100 received from a customer on the debit side of the trade receivable's account
• D.Under casting the sales daybook by $200

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Company X wants to find the total of all the transactions from its sales account. Where should Company Xlook?

• A.Memorandum account
• B.Sales ledger
• C.Sales control account

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Select the THREE INCORRECT statements from the following list of statements about memorandum accounts:

• A.A memorandum account is part of the nominal ledger
• B.A memorandum account is a daybook
• C.All transactions in a memorandum account have to be balanced with a corresponding entry in the nominal ledger
• D.A memorandum ledger is an account that is not part of the bookkeeping system as a whole

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Refer to the Exhibit.

An extract of information from K's book of accounts revealed that:
Cash received during the year is

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