Question ：Which of the following accounting entries in the books of the lessee correctly record the acquisition of an asset subject to a fi ...
2015-11-03 16:11Question ：IAS 37 deals with accounting for provisions. Which combination of the following options best describes the effects of IAS 37? A. ...
2015-11-03 16:11Question ：Which of the following is not a characteristic of an ordinary share? A. Fixed rate of dividend. B. Voting rights. C. The shares m ...
2015-11-03 15:11Question ：Which of the following is not a characteristic of an ordinary share? A. Fixed rate of dividend. B. Voting rights. C. The shares m ...
2015-11-02 13:11Question： An accountant is proposing to include overheads in closing inventory. Which of the following statements correctly describes the t ...
2015-11-02 13:11Question ：Evans Co accepted a major contract worth in total $1,900,000 on 18 January 20X8. By the end of the financial year on 31 March 20X ...
2015-11-02 13:11Question ：Which three of the following investments would be treated as an associate in the parent companys group accounts? A. A holding of ...
2015-11-02 13:11Question ：When a consolidated statement of financial position is being prepared, accounting dates for the parent and subsidiary undertaking ...
2015-11-02 13:11Question ：Under IFRS 5, which of the following are NOT factors in an operation being treated as discontinued activity in the financial stat ...
2015-11-02 13:11Question ：Balances under the following headings are extracted from the books of Alter Co: (1) Own work capitalised; (2) Staff costs: wages ...
2015-11-02 13:11Question ：Which one or more of the following costs can be included in the total cost of producing an asset by a company for its own use? A. ...
2015-11-02 13:11Question ：Per IAS 40, an investment property is: A. Not occupied by the reporting entity for its own purposes. B. A freehold property. C. H ...
2015-11-02 13:11Question： Which three of the following are types of information required by investors from the financial statements? A. Accounts analysis. ...
2015-11-02 13:11Question ：Which of the following is the underlying assumption relating to financial statements according to the IASB Conceptual Framework? ...
2015-11-02 11:11Question ：Bacons Bacon Ltd makes taxable supplies but to date has been below the VAT registration threshold. On 1 October 2012 they signed ...
2015-10-30 14:10Question ：Which two of the following conditions apply to a registered trader who wishes to operate the cash accounting scheme? A. Traders c ...
2015-10-30 14:10Question ：Which three companies must pay their corporation tax in instalments, assuming a similar level of profits in the previous accounti ...
2015-10-30 14:10Question ：N Ltd owns the following shareholdings: 30% of P Ltd, 60% of Q Ltd, 80% of R Ltd, 75% of S Ltd and 100% of T Ltd. The group compa ...
2015-10-30 14:10Question ：Ibsley Ltd disposes of a building which has been used for business purposes. The company intends to invest all of the proceeds in ...
2015-10-30 14:10W Ltd had trade profits of ?290,500 for the year ended 31 March 2013. Question ：The company received a dividend of 9,000 on 1 November 2012 ...
2015-10-30 14:10Question ：Ambient Ltd, which owns a garage, incurred the following expenditure on plant and equipment: Canopy over the petrol filling stati ...
2015-10-30 13:10Question ：Augustus made a chargeable lifetime transfer of ?500,000 to a discretionary trust on 6 November 2012. He died on 14 December 2012 ...
2015-10-30 13:10Question ：Which of the following statements is correct? A. The minimum price simply has to cover the incremental costs of producing and sel ...
2015-10-30 11:10Question ：During the growth stage of the product life cycle, what is the overall aim of the marketing strategies for a product? A. To estab ...
2015-10-30 11:10Question： Williams trial balance at 30 September 20X5 includes the following balances: Trade receivables $75,943 Receivables allowance $4,7 ...
2015-10-30 10:10Question ：Which of the following transactions would result in an increase in capital employed? A. Selling inventory at a profit B. Writing ...
2015-10-29 18:10Question ：Which of the following would cause a companys gearing ratio to rise? A. A decrease in long-term loans is less than a decrease in ...
2015-10-29 18:10Question ：Which of the following statements relating to parent companies and subsidiaries are correct? A. A parent company could consolidat ...
2015-10-29 18:10Question ：Which of the following calculations could produce an acceptable figure for a traders net profit for a period if no accounting rec ...
2015-10-29 18:10Question ：In preparing a companys statement of cash flows complying with IAS 7, which, if any, of the following items could form part of th ...
2015-10-29 18:10
