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Financial-Accounting-and-Reporting PDF DEMO:

QUESTION NO: 1
Which one of the following is the correct treatment of sales?
A. Cash and credit sales are recorded in the receivables ledger prior to posting to the general ledger.
B. Credit sales are recorded in the receivables ledger prior to posting to the general ledger.
C. Cash sales are recorded in the receivables ledger prior to posting to the general ledger.
D. Credit sales are not recorded in the receivables ledger prior to posting to the general ledger.
Answer: B

QUESTION NO: 2
The use of the principle of substance over form is found in which one of the following accounting treatments?
A. accounting for property, plant and equipment
B. accounting for non-current assets
C. accounting for inventories
D. accounting for finance leases
Answer: D

QUESTION NO: 3
Which one of the following statements is not correct in respect of manual accounting systems?
A. Productivity in manual systems is lower than computer systems.
B. Risk of error is greater and the quality of outputs is inferior.
C. It is easy to make corrections.
D. They are bulky to store compared to computer systems.
Answer: C

QUESTION NO: 4
Which one of these is a key principle of good corporate governance?
A. non-disclosure of directors' agency relationship with the company
B. effective management of the employees of the company
C. restriction of shareholders' rights in decision-making
D. effective communication with shareholders
Answer: D

QUESTION NO: 5
Which one of the following practices is not considered creative accounting?
A. trading in derivatives
B. profit smoothing
C. aggressive earnings management
D. window dressing
Answer: A

Royalholidayclubbed能夠幫你簡單地通過CPA Australia Salesforce Advanced-Administrator認證考試。 對于擁有高命中率的CPA Australia Google Professional-Cloud-Network-Engineer考古題,還在等什么,趕快下載最新的題庫資料來準備考試吧! CPA Australia CompTIA N10-009考試軟體是Royalholidayclubbed研究過去的真實的考題開發出來的。 所有考生都知道我們的CPA Australia Microsoft AZ-700考古題產品可以幫助您快速掌握考試知識點,無需參加其它的培訓課程,就可以保證您高分通過Microsoft AZ-700考試。 Huawei H20-723_V1.0 - 在這個競爭激烈的IT行業中,擁有一些認證證書是可以幫助你步步高升的。

Updated: May 28, 2022

 

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