會計(multistep income statement)幫幫手完成分類

1.Purchase
Ans:
(b) Cost of good sold
Purchase is a item in cost of good sold.

2.Sales discounts
Ans:
(a)Net sales
Trade discount is deducted from Sales to get Net Sales figure.

3.Merchandise inventory (begining)
Ans:
(b)Cost of good sold
Opening stock is the stock which is sold out in th current year and included in Cost of good sold.

4.Advertising expenses
Ans:
(c)Selling expenses
Advertising expenses help to boost sales, so it is selling expenses.

5.Office slaries expenses
Ans:
(d)General & Admin. expnses
All item related to office is admin.expenses, so it is admin. expenses.

6.Freight out expenses
Ans:
(e)Other revenues and expenses
Carriage outwards is categorize to Distribution expenses which is normally stated which selling expenses as 'Selling & Distribution expenses.

7.Prepaid insurance
Ans:
(f) Not in income statement
Prepaid expenses should not be included in Income statement. Becauses items in income statement should be under Accual basis which the prepaid and accural should be cancel out from the totally-paid amount.

8.Utilities expenses
Ans:
(d) General & Admin. expenses
It is categorize to general expenses.

9.Sales salaries expenses
Ans:
(c) Selling expenses
All expenses related to sales is Selling expenses

10. Rent expenses
Ans:
(d) General and administrative expenses

11. Purchase returns and allowances
Ans:
(b) Cost of good sold
That is trade discount received and trade discount.

12. Freight in
Ans:
(b) Cost of good sold
Carriage inwards

13. Depreciation expense for delivery equipment
Ans:
(e) Other revenues and expenses
It is distribution expenses as the delivery equipment helps delivery of good which is the service provided to customers.

14. Wages payable
Ans:
(f) Not in income statement
Same with Q7.

15. Interest expenses
Ans:
(e) Other revenues and expenses
Interest expenses is the amount paid to shareholders/Creditors/Trade creditors. It is Finacing cost.

2007-03-19 12:16:40 補充：
16. Interest incomeAns:(e) Other revenues and expensesSame as investment income, are treated as other income