13 Which of the following correctly describes the imprest system for operating petty cash?Is the following statement true or false?19 At 30 June 2004 a company’s allowance for receivables was $39,000.
20 IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.18 How should interest charged on partners’ drawings appear in partnership financia
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?19 What is the company’s return on shareholders’ equity?A c
21 Which of the following statements about contingent assets and contingent liabilities are correct?21 Which of the following items must be disclosed in a company’s published financial statements?2 Wh
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:19 What is the company’s return on shareholders’ equity?Is the following statement true or false?C C
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.Mr Li, a photographer, had his photo
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.A corporate taxpayer has under-reported its taxable revenue
12 Which of the following statements are correct?17 A company sublets part of its office accommodation. In the year ended 30 June 2005 cash received from tenants13 At 1 January 2005 a company had an a
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:A corporate taxpayer has
18 Which of the following statements about accounting ratios and their interpretation are correct?In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.Mr
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority13 Which of the following correctly describes the imprest system for operating petty ca
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
5 Which of the following events after the balance sheet date would normally qualify as adjusting events according10 Which of the following factors would cause a company’s gearing ratio to fall?22 Whic
