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Online Project: Accounting Questions and Answers

   

Added on  2023-06-14

9 Pages997 Words495 Views
ONLINE PROJECT

Question 1
(a) Gearing = Long term Liabilities / Total Assets
Question 2
(B) and (C) both are same option or right answer debit loan credit bank
Question 3
(c) Must comply with legal and regulatory requirement
Question 4
(a) Unregulated formats that allow both form and content to be determined by the management
of a business
Question 5
(c) Early settlement discount
Question 6
(b) Debit Receivables A/c- Kandy Ltd & Credit Sales A/c
Question 7
(b) £4,500
Question 8
(a) Debit Depreciation A/c & Credit Non-Current Asset A/c
Question 9
(b) Debit Drawings A/c & Credit Bank A/c
Question 10
(b) Loss of £5,300
Question 11
(d) £6,370

Question 12
(c) A new policy to reduce the level of inventory to reduce the associated costs of storage and
insurance
Question 13
(a) Both the ledger account and the control account
Question 14
(a) Dr suspense, Cr office equipment
Question 15
(a) All of the above is true
Question 16
(b) £72,200
Question 17
(a) Purchase price + import duties + storage costs + carriage in
Question 18
(d) £19,000
Question 19
(c) Dr Bank Cr Capital
Question 20
(a) A Remittance advice
Question 21
(b) £48,900
Question 22
(b) It ensures maximization of dividend yield

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