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Accounting - Midterm 2 Outline & Hints.docx

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Emad Mohammad

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Chapter 5  Multiple Choice Questions: 5 x 2 = 10  20 mark question on creating a Cash Flow Statement  Use the indirect method  Identical to what is in tutorial, class example or past exams  Total: 30 marks Chapter 7  Multiple Choice Questions: 11 x 2 = 22  6 mark question on allowance for bad debts  Have to do adjustment entries  Percentage of Sales method  Percentage of Receivables method  8 mark question on bank reconciliation  Have to also know journal entries to make adjustments in the books  Ex. 2008 Midterm 2  Total: 36 marks Chapter 8  Multiple Choice Questions: 14 x 2 = 28  6 mar
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