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
The following statements have been made about life cycle costing:25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?19 At 30 June 2004 a compa
19 What is the company’s return on shareholders’ equity?Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18
13 Which of the following correctly describes the imprest system for operating petty cash?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.B
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Mr Li, a photographer, had his photos published in the July
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
12 At 1 July 2004 a company had prepaid insurance of $8,200. On 1 January 2005 the company paid $38,000 for15 What journal entry is required to record goods taken from inventory by the owner of a busi
18 Which of the following statements about accounting ratios and their interpretation are correct?15 Which of the following statements about intangible assets are correct?14 Alpha buys goods from Beta
