15 What journal entry is required to record goods taken from inventory by the owner of a business?21 Which of the following items must be disclosed in a company’s published financial statements?The fo
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
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.
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
12 Which of the following statements are correct?24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityThe following information is available
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
Is the following statement true or false?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
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.24 What figure should appear in the consolidated balance sh
18 How should interest charged on partners’ drawings appear in partnership financial statements?13 Which of the following correctly describes the imprest system for operating petty cash?18 Which of th
13 Which of the following correctly describes the imprest system for operating petty cash?The following statements have been made about life cycle costing:The following information is available for a
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was laterIn 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two month
