• [单选题]15 What journal entry is required to record goods taken from inventory by the owner of a business?
  • 正确答案 :A
  • Debit Drawings


  • [单选题]12 At 1 July 2004 a company had prepaid insurance of $8,200. On 1 January 2005 the company paid $38,000 for
  • insurance for the year to 30 September 2005. What figures should appear for insurance in the company’s financial statements for the year ended 30 June 2005? Income statement Balance sheet

  • 正确答案 :C
  • $36,700 Prepayment $9,500


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