Year 10 - Accounting - 8-9-15

Thai Sikh International School

E-Learning Programme – Online Assignment –   8.9.15

Name :  Anita Natarajan                                                                            Subject :Accounts

Year   :  10                                                                                                 Schedule No. : 1                                

Answer the following questions:

   1.      Define a balance sheet.

   2.      What are current assets and current liabilities ? Give 2 examples.

   3.      What is accrued expense? Where  is it shown in the balanced sheet ?

   4.      What is prepaid expense ? Where  is it shown in the balanced sheet ?