A 20min question that asks
a. Prepare an Account Classification Table.
b. Record the following transactions in the ledger of McShop McMarket.
c. Prepare a trial balance at 30 December 20X1.
d. Prepare an Income Statement ended 30 December 20X1.
e. Present a Balance Sheet as at 30 December 20X1.
For UK Level2 or Level3 recap, can be homework or a classroom pencil and pen excerise. You can dish this out and internally relax for 20 or so minutes.
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Very useful resources! Step by step to help students understand how each account works and what happens after that account closes.
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