• 2022-06-06
    Which of the following statements is true about an aged receivables analysis?
    A: i) only
    B: ii) only
    C: i) and iii)
    D: i), ii) and iii)
  • D

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    • 0

      Which of the following are functions of the accounts department? A: I only B: II only C: I and II D: I, II and III

    • 1

      Factory overhead can be absorbed by which of the following methods? (i) Machine hours (ii) direct labor hours (iii) unit quantity (ii) (iv) as a percentage of direct labor cost A: (i) ,(ii) ,(iii), (iv) B: Only (i) & (ii) C: Only (ii) & (iii)‍ D: only (i) ,(ii) & (iii)

    • 2

      Which of the following are part of a commercial bank's reserves? A: I only B: I and II C: I and III D: I, II and III

    • 3

      The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct? A: (i) and (ii) only B: (i) and (iii) only C: (ii) and (iii) only D: (i), (ii) and (iii)

    • 4

      Which of the following items is/are entered in the cash book? A: i) only B: ii) and iii) C: iii) and iv) D: i) and iv)