Celebrations – Chapter 4-5

These are questions that I am fond of:

1.) E4-3 Page 183 (Closing Entries)

2.) E5-2,3,4,5,6 (Journal Entries for a merchandising business using the perpetual system)

3.) E5-11 (Gross Profit Margin, Profit Margin)

4.) E4-10 (Working Capital, Current Ratio, Acid Test Ratio)

Test Format:

Multiple Choice

4 Accounting Problems