Which of the following are kinds of performance ratios?
Refer to the Exhibit.
A company operates an AVCO system of inventory. Opening inventory at the beginning of the period was 400 units @ $6.50 per unit.
During the period, the following purchases and issues were recorded:
The amount charged to the company's income statement in the period is
Refer to the exhibit.
A company has the following debt in the statement of financial position
The finance cost to be charged to the income statement is
Which one of the following is an error of original entry?
Refer to the exhibit.
A company has the following equity balances at the beginning of the year
During the year the company made a bonus issue of 1 for 4 shares
What are the equity balances after this issue?
Which ONE of the following statements is true?
An error of commission occurs where.
Refer to the Exhibit.
A club receives the following fees in its first two years of operations:
Entrance fees are to be recognized over a period of 5 years while life membership fees are to be credited over a period of 10 years.
The total amount of fees which will be recognized in the income and expenditure account for each of the two years is:
The suspense account of a company was opened with a credit balance of $360 when the trial balance failed to agree.
This could have arisen because
Which of the following is not a correct definition of the accounting equation?
