College of Administrative and Financial Sciences
Assignment 2
Deadline: 12/11/2022@ 23:59
Course Name:Principles of Accounting StudentàName:
Course Code: ACCT 101
StudentàID Number:
Semester: 1
CRN:
Academic Year: 1444/1445 H
For InstructoràUse only
InstructoràName:
Students rade: / 15
Level of Marks: High/Middle/Low
Instructions LEASE READ THEM CAREFULLY
he Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
ssignments submitted through email will not be accepted.
tudents are advised to make their work clear and well presented; marks may be
reduced for poor presentation. This includes filling your information on the cover page.
tudents must mention question number clearly in their answer.
ate submission will NOT be accepted.
void plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
ll answered must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism).
ubmissions without this cover page will NOT be accepted.
1
Assignment Question(s):
(Marks15)
Q1. Compare the different depreciation methods. Give an example of how companies depreciate their
plant assets under each method.
(Marks5)
Q2. Why is it important for companies to implement good internal control? What are the principles
of internal control? Explain your answer.
(Marks5)
Q3. A company wants to use the allowance method to account for bad debts. You are assigned to
explain to the company the different ways it can use to estimate bad debts.
(Marks5)
2

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