• 2022-06-06
    Which of the following is/are NOT recorded as transactions in the receivables control account?
    A: i) only
    B: ii) only
    C: iii) only
    D: i), ii) and iii)
  • C

    内容

    • 0

      Which of the following is true regarding the circular flow diagram? A: I only B: I and II C: I and III D: III only

    • 1

      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

    • 2

      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)

    • 3

      Which of the following items must be separately disclosed in the statement of cash flows? I. Interest paidII. Dividends paidIII. Interest receivedIV. Dividends received V.Auditor’s remuneration paid A: II, III and IV only B: I, II and V only C: II, III, IV and V only D: I, II, III and IV only

    • 4

      Which of the following functions are fulfilled by a goods received note (GRN)? (i) Provides information to update the inventory records on receipt of goods (ii) Provides information to check the quantity on the supplier's invoice (iii) Provides information to check the price on the supplier's invoice A: (i) and (ii) only B: (i) and (iii) only C: (ii) and (iii) only D: (i) only