When Preparing the Financial Statements Using a Manual Accounting System

question 29

Multiple Choice

When preparing the financial statements using a manual accounting system, the worksheet will show profit:

• A) in the DR column of the income statement and in the CR column of the balance sheet.
• B) as zero.
• C) as a CR to the capital account and a DR to the bank account.
• D) in the DR column of the adjustments and in the CR column of the balance sheet.

---

Definitions:

Advantages

Benefits or favorable points that give something a superior position in comparison to others.

Disadvantages

The negative aspects or drawbacks of a situation, plan, or technology.

Instructional Media

Tools and materials used to deliver educational content, ranging from traditional textbooks to digital platforms and multimedia resources.

Training Program

A structured series of educational or developmental activities designed to enhance the skills, knowledge, or performance of individuals or groups.