A company uses the reduced balance method of depreciation for its company vehicles. The vehicles are depreciated at a rate of 30% per annum.
On 31 March 2003 the company purchased a number of vehicles with a total cost of $200,000. The company's year-end is 31 December and it is company policy to charge a full year's depreciation in the year of acquisition.
The carrying value of the vehicles at 31 December 2006 will be
UVW is preparing its manufacturing account for the year ended 30 June 20X7 The following information is available:
What is UVWs prime cost for year ended 30 June 20X7?
Which of the following statements about revenue is CORRECT?
Internal controls can be split between detect controls and prevent controls.
Which THREE of the following are prevent controls?
The purpose of the external audit is the examination of, and expression of opinion on the financial statements of an entity.
What is the purpose of internal audits?
A company has authorized capital of 100,000 5% preference shares of $2 each and 500,000 ordinary shares of $0.20p each. All of the preference shares have been issued, and 400,000 ordinary shares have been issued at $0.45p each.
Interim dividends of $0.10p per ordinary share, plus half the preference dividend have been paid during the current year. A final dividend of $0.20p per ordinary share is declared.
The total of dividends payable for the year is
Refer to the Exhibit.
Which of the following would be shown in the trial balance for the bank ledger account?
