24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the following differences:21 Which of the following statements about c
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
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
19 What is the company’s return on shareholders’ equity?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. PThe following information
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.18 How should interest charged on partners’ drawings appear
13 Which of the following correctly describes the imprest system for operating petty cash?Is the following statement true or false?19 What is the company’s return on shareholders’ equity?A
All expendi
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.5 Which of the following events after the balance sheet date would normally qualify as adju
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minorityA company predicted that the learning rate for production of a new product would be 80%
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
18 How should interest charged on partners’ drawings appear in partnership financial statements?19 What is the company’s return on shareholders’ equity?Hindberg is a car retailer. On 1 April 2014, Hin
10 What would the company’s profit become after the correction of the above errors?17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later19 At
24 What figure should appear in the consolidated balance sheet of the J group as at 31 December 2004 for minority18 How should interest charged on partners’ drawings appear in partnership financial st
15 Which of the following statements about intangible assets are correct?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. P25 What s
19 What is the company’s return on shareholders’ equity?C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is to maximise profit, the shad
17 A business income statement for the year ended 31 December 2004 showed a net profit of $83,600. It was later14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $
