14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.18 Which of the following statements about accounting ratios and their interpretation are c
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
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:10 What would the company’s profit become after the correction of the above errors?18 Which of the f
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?15 Which of the following statements about intangible assets are correct?Faithful represent
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityA corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid
18 How should interest charged on partners’ drawings appear in partnership financial statements?The following statements have been made about life cycle costing:In 2014 Mr Yuan inherited an estate of
Which of the following statements relating to internal and external auditors is correct?15 Which of the following statements about intangible assets are correct?8 P and Q are in partnership, sharing p
Hindberg is a car retailer. On 1 April 2014, Hindberg sold a car to Latterly on the following terms:17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. I
