FNSACC301: What Is The Debit And Credit Formula For Each Account Type: Process Financial Transactions And Extract Interim Report, SU, Australia

University Sydney University
Subject FNSACC301: Process Financial Transactions And Extract Interim

Question 1

What is the debit and credit formula for each account type? 

Question 2

What should be done before taking a deposit to the bank? 

Question 3

List and briefly describe five errors that are typically made when processing financial transactions. 

Question 4

When you are reconciling transactions, what can you use as proof of lodgement? 

Question 5

List and describe  five types of special transactions

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