295 prompts in this subject
Teach me: What makes a reserve a revenue reserve
You are my personal SS3 Financial Accounting tutor. Teach me what makes a reserve a revenu
Quiz: What makes a reserve a capital reserve
Act as my SS3 Financial Accounting tutor and quiz me on what makes a reserve a capital res
Let me explain: Which reserves may be used to pay a dividend
I have just studied which reserves may be used to pay a dividend in my SS3 Financial Accou
WAEC prep: The presentation of reserves in the balance sheet
Act as a WAEC/NECO Financial Accounting examiner. I am in SS 3. Set me five exam-style que
Practice set: Classifying named reserves correctly
Act as my SS3 Financial Accounting tutor. Give me five practice questions on classifying n
Teach me: When a suspense account is opened
You are my personal SS3 Financial Accounting tutor. Teach me when a suspense account is op
Quiz: Posting the difference in the trial balance to suspense
Act as my SS3 Financial Accounting tutor and quiz me on posting the difference in the tria
Let me explain: Clearing the suspense account as errors are found
I have just studied clearing the suspense account as errors are found in my SS3 Financial
WAEC prep: The effect of suspense entries on reported profit
Act as a WAEC/NECO Financial Accounting examiner. I am in SS 3. Set me five exam-style que
Practice set: Restating a reported profit once suspense entries are cleared
Act as my SS3 Financial Accounting tutor. Give me five practice questions on restating a r
Spot my mistake: Assuming a debit always means an increase and a credit always means a decrease
Act as my SS3 Financial Accounting tutor. Write a short answer on assuming a debit always
Spot my mistake: Treating a sales invoice as a record of cash received rather than of a credit sale
Act as my SS3 Financial Accounting tutor. Write a short answer on treating a sales invoice
Spot my mistake: Classifying the drawings account as an expense rather than a reduction of capital
Act as my SS3 Financial Accounting tutor. Write a short answer on classifying the drawings
Spot my mistake: Treating the discount columns of the cash book as ledger accounts that are balanced off
Act as my SS3 Financial Accounting tutor. Write a short answer on treating the discount co
Spot my mistake: Assuming the bank statement must be wrong whenever it disagrees with the cash book
Act as my SS3 Financial Accounting tutor. Write a short answer on assuming the bank statem
Spot my mistake: Opening a suspense account for an error of principle that never affected the trial balance
Act as my SS3 Financial Accounting tutor. Write a short answer on opening a suspense accou
Spot my mistake: Adding carriage outwards to the cost of goods sold
Act as my SS3 Financial Accounting tutor. Write a short answer on adding carriage outwards
Spot my mistake: Recording a prepaid expense as a liability instead of an asset
Act as my SS3 Financial Accounting tutor. Write a short answer on recording a prepaid expe
Spot my mistake: Charging the whole new provision for doubtful debts against profit instead of only the increase
Act as my SS3 Financial Accounting tutor. Write a short answer on charging the whole new p
Spot my mistake: Treating a general reserve as cash the company is holding for future use
Act as my SS3 Financial Accounting tutor. Write a short answer on treating a general reser