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
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
11 Which of the following statements are correct?13 Which of the following correctly describes the imprest system for operating petty cash?15 Which of the following statements about intangible assets
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:The following statements
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
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
16 Which of the following events between the balance sheet date and the date the financial statements are21 Which of the following statements about contingent assets and contingent liabilities are cor
18 How should interest charged on partners’ drawings appear in partnership financial statements?15 Which of the following statements about intangible assets are correct?19 What is the company’s return
19 Which of the following statements about intangible assets in company financial statements are correct accordingHindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the fo
18 Which of the following statements about accounting ratios and their interpretation are correct?A company predicted that the learning rate for production of a new product would be 80%. The actual le
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
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $
