for Questions AS and A6 The following is a list of item which may appear in the anal financial statement of facturing Cost of sales Inventories of materials Trade payables . Preference share capital Pantime Wages paid Electricky charges paid at the balance sheet die Cash Motor vehicle Bank overdraft A5 How many content met stems are there included in the little bewe! (b) two item c) the items (d) four A6 How many current liability atom are there included in the showever! (a) on item (b) Twostem (c) there isoms (d) four items 17 Which of the following items would semally be regarded as meeting to the definition and recognition condition of an of the buses The cost of major remains to a tom of equipment which restore it existing we Advertising expenditure termice of incing (i) The cost incanted in increasing the annual output of an item of machinery (a) only (b) (and () () and (d) y Semester 1-203021 Page 2 A The following unwants appear in the counting statements of of Sale In the balance sheet as at 30 November Year Neo- creats 64/000, Net current 32.000 Long term Bioblities 25,000 In the profit and account for your te 30 November Year Rev 28.000 Eps 14.000 What was the amunt of the Ownership interest of Small the start of the concent you, December Year (b) 32.000 a 57.000 (d) 7.000 Information for questions A5 and A6 The following is a list of items which may appear in the annual financial statements of a manufacturing company: Cost of sales Inventories of raw materials Trade payables Preference share capital Plant and equipment Wages paid Electricity charges unpaid at the balance sheet date Cash Motor vehicles Bank overdraft A5 How many non-current asset items are there included in the list shown above? (a) one item (b) two items (c) three items (d) four items A6. How many current liability items are there included in the list shown above? (a) one item (b) two items (c) three items (d) four items A? Which of the following items would normally be regarded as meeting both the definition and recognition conditions of an asset of the business? (1) The cost of major repairs to a item of equipment which restore it to existing use. (ii) Advertising expenditure to maintain market share of an existing product (iii) The cost incurred in increasing the annual output of an item of machinery Is it (a) (i) only (b) (i) and (ii) (c) (i) and (iii) (d) (iii) only