Is the following statement true or false?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
8 P and Q are in partnership, sharing profits in the ratio 2:1. On 1 July 2004 they admitted P’s son R as a partner. PMr Li, a photographer, had his photos published in the July 2014 edition of the to
10 What would the company’s profit become after the correction of the above errors?18 Which of the following statements about accounting ratios and their interpretation are correct?Hindberg is a car r
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?Which of the following statements relating to internal and external auditors is correct?19 At 30 June 2004 a c
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid val
In 2014 Mr Yuan inherited an estate of RMB2 million from his uncle who had died two months earlier.The following information is available for a manufacturing company which produces multiple products:8
Which of the following statements relating to internal and external auditors is correct?A company predicted that the learning rate for production of a new product would be 80%. The actual learning rat
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.2 Which of the following are correct?17 A business income statement for the year ended 31 D
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later18 Which of the following statements about accounting ratios and their interpretation are
11 Which of the following statements are correct?13 Which of the following correctly describes the imprest system for operating petty cash?15 Which of the following statements about intangible assets
25 What should the minority interest figure be in the group’s consolidated balance sheet at 31 December 2005?The following statements have been made about life cycle costing:18 Which of the following
