TERM+1

 =**TERM 1**=

** ACCOUNTING UNIT 3 ** || Dated || Due Date || || **1.3 Explain** why the use of a computerised accounting package may improve the reliability of Davidson’s Office Furniture accounting reports. 2 marks || || || || **2.2** For each statement **identify** one accounting principle that supports the statement. **Justify** each answer. 2 + 2 = 4 marks || || || || || ||
 * HOME WORK **
 * WEEK 1 **
 * Chapter/s || Questions
 * 1
 * [|(June 2003)]
 * || **2.4.2 State the** qualitative characteristic that would be achieved through the use of time sheet records as the basis for the payment of wages. 1 mark

Week 2

** ACCOUNTING UNIT 3 ** || Dated || Due Date || || ** 1. [|Finish the word search handout]** || || || Assets Current Assets Non Current Assets Liabilities Current Liabilities Owners Equity ||  ||   || ||   ||   ||   || ** DOUBLE ENTRY ACC **
 * HOME WORK **
 * WEEK 2 **
 * Chapter/s || Questions
 * 2
 * || 2.Learn these definitions:
 * SHEET 3 **

Post these transactions to the relevant General Ledgers: §  The owner contributed cash $5000 to the business on 1/10/08 §  Purchased office furniture for cash $ 8000 2/10/08. §  Bought computer on credit from O.K Computer Centre worth $4500 §  Cash sale of $5000 with cost of sale $2500. §  Borrowed $4500 from the National Bank on 3/10/08 §  Bought stock on credit from wholesale Stationers worth $ 6000. §  Made a repayment of $ 1500 to O.K Computer Centre §  Paid $1000 to creditors Wholesale Stationers §  Credit sale of $5000. §  Bought a fax machine on cash $800 on 4/10/2008

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 * Year 12 Unit 3 **

Summary Questions 1-7

Practical Questions 9.5, 9.7