CSS 2022 Accountancy & Auditing Paper I
2 questions from this paper.
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Q1
Campus Theater adjusts its accounts every month. Based on the unadjusted trial balance dated August 31, prepare the necessary adjusting entries for: (1) Prepaid film rental, (2) Depreciation on Building and Equipment, (3) Salaries earned but not recorded, and (4) Estimated income tax expense.
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Q2
A manufacturing company uses a job-order costing system. Calculate the predetermined overhead rate and prepare journal entries to record the flow of costs through the manufacturing process for a specific job.
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