BA3 Exam Dumps - Fundamentals of financial accounting
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Refer to the exhibit.
A company's gross profit margin has fallen from 40% to 38% in the last period.
Which three of the following would be possible explanations for this?
Which of the following transactions would be classified as a capital transaction?
STU has an accounting period end of 31 December 20X8 During the year STU paid $4,800 for business insurance to cover the year to 30 June 20X9 The amount paid for business insurance for 30 June 20X8 was $4,500.
What is the insurance expense to be recognized in the statement of profit or loss of STU for the year ended 31 December 20X8? Give your answer to the nearest $
Your company provides a number of staff with lap-top computers, as well as pocket calculators. It capitalizes the cost of the computers and depreciates them over several years, but writes off the cost of the pocket calculators in full, against profits, in the period in which they are purchased.
The main justification for this difference in treatment is:
Which THREE of the following are improved by the use of accounting standards?
Which of the following would not require an adjustment to be made to the cashbook?