Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

multiple choice cash generated from the operations is reflected in the a. statement of cash flows b. statement of changes in equity c. statement of

multiple choice cash generated from the operations is reflected in the a. statement of cash flows b. statement of changes in equity c. statement of financial position d. statement of comprehensive income

when depreciation is calculated on the carrying value of an asset, it means that the _______ method of depreciation used. a. fixed installment b. straight -line c. diminishing balance d. sum of digits

______ will not be reflected in the statement of comprehensive income of a business entity. a fixed deposit b. loss on disposable of asset c trading inventory deficit d. consumable stores

which 1 of the following will not appear in a pre adjustment trial balance of a sole trader a. accumulated depreciation on vehicles b. provision for bad debts c. accured income d. drawings

which 1 of the ffg is not classified as an income a. provision for bad debts adjustment b. interest on debit bank balance c. sales d. bad debts recovered

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

Step: 3

blur-text-image

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

External Quality Audit Has It Improved Quality Assurance In Universities

Authors: Mahsood Shah, Chenicheri Sid Nair

1st Edition

1843346761, 978-1843346760

More Books

Students also viewed these Accounting questions

Question

If P0 = 14 , P1 = 14 , P2 = 12 , then determine 0.

Answered: 1 week ago

Question

What is the relationship between humans and nature?

Answered: 1 week ago