Accounting > A-Level Question Paper > Sophia Pathways Accounting Final Milestone with Answers. (All)

Sophia Pathways Accounting Final Milestone with Answers.

Document Content and Description Below

Which of the following internal control systems does TAP Technology, Inc. use when it updates its employee handbook to reflect new company policies?  Control environment  Control activi ... ty  Monitoring process  Information and communication system CONCEPT Internal Controls and Reconciliations 2 Given the information provided above, what is the gross margin percentage?  79%  71%  73%  83% CONCEPT Merchandising Financial Statement Analysis 3 When preparing a trial balance worksheet, what step would Tom complete next if he has already prepared a trial balance, adjusted entries and prepared an adjusted trial balance?  Prepare an income statement  Prepare a balance sheet  Close temporary accounts  Make closing entries CONCEPT End of Period Activities 4 Which business below would likely use Specific ID?  A jewelry store  An ice cream shop  An Italian foods market  An office supply store CONCEPT [Show More]

Last updated: 2 years ago

Preview 1 out of 18 pages

Buy Now

Instant download

We Accept: