Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

just number 5,6, 7 MASE 12014 MERS 118-Accounting for Revenue, 19 2 The mys accesed 1 October 2014 Reporting Standards, Revised 3rd edn. Austraha: John

image text in transcribed

just number 5,6,7

MASE 12014 MERS 118-Accounting for Revenue, 19 2 The mys accesed 1 October 2014 Reporting Standards, Revised 3rd edn. Austraha: John Wley & Sons Tan L.T (2014L, Fimancial Accounting and Reporting in Malaysie, Vol. 1, 5th edn, Malaysia: CCH As REVIEW QUESTIONS and fittings at 1 What are expenses? Calculate the the financial 2 Briefly explain the different types of expenses. 3 Explain the term revenue expenditure. 4 Briefly discuss the re S How does the recognition or recording of expenses meet the faithful representation and Teguh 8hd sa at the rate o 3 between revenue expenditure and capital expenditure of t the last qua two years on 1 Octo Bhd's acc Requires Determi account relevance accounting in 6 Explain how the following concepts are relevant to recognition and measurement of expenses ? Discuss. (a) Relevance (b) Faithful representation 7 Why is it important to associate expenses incurred for the current accounting period with revenue earned in the same accounting period? Briefly discuss. 8 The economic benefits are expected to rise for several accounting periods due to the acquisition of an asset, but the association of the expenses with income (revenue) cannot be directly determined. Explain how should the entity recognize its expenses in the profit or loss account accordingly 4 The foll 2015 9 Give three examples of expenses under revenue expenditure. Explain your answer MASE 12014 MERS 118-Accounting for Revenue, 19 2 The mys accesed 1 October 2014 Reporting Standards, Revised 3rd edn. Austraha: John Wley & Sons Tan L.T (2014L, Fimancial Accounting and Reporting in Malaysie, Vol. 1, 5th edn, Malaysia: CCH As REVIEW QUESTIONS and fittings at 1 What are expenses? Calculate the the financial 2 Briefly explain the different types of expenses. 3 Explain the term revenue expenditure. 4 Briefly discuss the re S How does the recognition or recording of expenses meet the faithful representation and Teguh 8hd sa at the rate o 3 between revenue expenditure and capital expenditure of t the last qua two years on 1 Octo Bhd's acc Requires Determi account relevance accounting in 6 Explain how the following concepts are relevant to recognition and measurement of expenses ? Discuss. (a) Relevance (b) Faithful representation 7 Why is it important to associate expenses incurred for the current accounting period with revenue earned in the same accounting period? Briefly discuss. 8 The economic benefits are expected to rise for several accounting periods due to the acquisition of an asset, but the association of the expenses with income (revenue) cannot be directly determined. Explain how should the entity recognize its expenses in the profit or loss account accordingly 4 The foll 2015 9 Give three examples of expenses under revenue expenditure. Explain your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Oakton Community College Tools For Business Decision Making

Authors: Paul D. Kimmel ,Jerry J. Weygandt ,Donald E. Kieso

6th Edition

1118113632, 978-1118113639

More Books

Students also viewed these Accounting questions

Question

What is the lifetime gift tax applicable exclusion amount?

Answered: 1 week ago

Question

The amount of work I am asked to do is reasonable.

Answered: 1 week ago

Question

The company encourages a balance between work and personal life.

Answered: 1 week ago