Accounting Test

  • 1.Define the principles of Accounting and their relevance to a business.
  • 2.What is the relevance of a chart of account to a business?
  • 3.Why do we use Accruals vs. Cash Accounting?
  • 4.What is a reversing entry? Give an example.
  • 5.Define the relationship between the Income Statement and the Balance Sheet.

And solve the questions attached please….

THE BOOK NAME: Hospitality Industry Financial Accounting (Fourth Edition) .


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