- 13 Which of the following correctly describes the imprest system for operating petty cash?A
All expenditure out of petty cash must be supported by a properly authorised voucher.
A regular equal amount
- A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son
- 19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowan
- 14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid val
- Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid v
- 10 What would the company’s profit become after the correction of the above errors?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Is the following s
- In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:1
- Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
- C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is to maximise profit, the shadow price of material B is $2 per kg. The following state
- The following statements have been made about life cycle costing:In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.25 What should the minority interest
- 10 What would the company’s profit become after the correction of the above errors?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Is the following
- 18 How should interest charged on partners’ drawings appear in partnership financial statements?Which of the following statements relating to internal and external auditors is correct?Is the following
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.The following statements have been made about life cycle co
- The following statements have been made about life cycle costing:18 How should interest charged on partners’ drawings appear in partnership financial statements?25 What should the minority interest fi
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later10 What would the company’s profit become after the correction of the above errors?Hindbe
- C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is to maximise profit, the shadow price of material B is $2 per kg. The following state
- 13 Which of the following correctly describes the imprest system for operating petty cash?A company predicted that the learning rate for production of a new product would be 80%. The actual learning r
- 25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?24 What figure should appear in the consolidated balance sheet of the J group as at 31 Dece
- The following statements have been made about life cycle costing:Which of the following statements relating to internal and external auditors is correct?A corporate taxpayer has under-reported its tax
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later24 What figure should appear in the consolidated balance sheet of the J group as at 31 De
- Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
- Is the following statement true or false?15 Which of the following statements about intangible assets are correct?24 What figure should appear in the consolidated balance sheet of the J group as at 31
- 19 What is the company’s return on shareholders’ equity?18 Which of the following statements about accounting ratios and their interpretation are correct?The following statements have been made about
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid v
- 24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityFaithful representation is a fundamental characteristic of useful information within th
- 17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterA company predicted that the learning rate for production of a new product would be 80%.
- 18 Which of the following statements about accounting ratios and their interpretation are correct?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 f
- A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:18 Which of the following
- 25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?Faithful representation is a fundamental characteristic of useful information within the IA
- 8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a partner. P15 Which of the following statements about intangible assets are correct?10 What w
- The following statements have been made about life cycle costing:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterHindberg is a car retail
- The following statements have been made about life cycle costing:10 What would the company’s profit become after the correction of the above errors?Hindberg is a car retailer. On 1 April 2014, Hindber
- 10 What would the company’s profit become after the correction of the above errors?Is the following statement true or false?A corporate taxpayer has under-reported its taxable revenue in 2002 and henc
- The following information is available for a manufacturing company which produces multiple products:Which of the following statements relating to internal and external auditors is correct?Mr Li, a pho
- Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Is the following statement true or false?15 Which of the following statements about intangible asset
- 18 How should interest charged on partners’ drawings appear in partnership financial statements?Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:Fait
- Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.15 Which of the following statements about intangible asset
- Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism journal. The total fee was RMB20,000 and the publisher agreed to pay Mr Li by two instalments, one of RMB18,000
