11 Which of the following statements are correct?15 What journal entry is required to record goods taken from inventory by the owner of a business?Which of the following statements relating to interna
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
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterThe following statements have been made about life cycle costing:The following informatio
