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Question 26

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HAT IS THE ACRONYM FOR THE BODY GOVERNING THE PRACTICE OF ACCOUNTING IN BELIZE

a.

IFRS

b.

GASB

c.

ICAB

d.

FASB

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Question 27

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WHICH ACCOUNTING PRINCIPLE CAN BE SEEN IN ACTION WHEN YOU PICK UP ANNUAL REPORT AND LOOKING AT THE FINANCIALS AT THE BACK SEE ALL THE NOTES

a.

Going Concern Concept

b.

Matching Principle

c.

Full Disclosure Principle

d.

Entity Concept

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Question 28

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WHICH ACCOUNTING PRINCIPLE CAN BE SEEN IN ACTION WHEN YOU PICK UP ANNUAL REPORT AND LOOKING AT THE INCOME STATEMENT SEE REVENUES AND THE EXPENSES RELATED TO THE REVENUE

a.

Going Concern Concept

b.

Full Disclosure Principle

c.

Entity Concept

d.

Matching Principle

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Question 29

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WHAT BASIS OF ACCOUNTING IS USED BY ALL THE LOCAL COMPANIES WE VIEWED IN CLASS IE BEL BTL BWS ?

a.

Cash basis

b.

Checking basis

c.

Modified Accrual basis

d.

Accrual basis

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Question 30

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In looking at the audited financial statement for BEL for Year 2020 what is the name of the auditor ?

a.

Cedric Flowers CPA

b.

BDO

c.

Price Waterhouse Coopers

d.

PKF