Preparing Financial Statements phần 6

Bạn sẽ tìm thấy các giải pháp để kiểm tra này vào cuối của Chương trình nghiên cứu. Nếu bạn trả lời 5 câu hỏi một cách chính xác, hiệu suất của bạn là thỏa đáng, nếu bạn trả lời hơn 7 một cách chính xác, bạn đang làm rất tốt. | Study Period 20 continued 10 The following information is available for the year ended 31 December 19X9 for M. Ski Co a well-run company Opening cash Closing cash Opening balance on the payables control account Closing balance on the payables control account Opening balance on the receivables control account Closing balance on the receivables control account Cash paid to payables in the period Opening inventory Closing inventory Mark up on Cost - 10 1 000 2 000 8 000 10 000 12 000 14 000 9 000 6 000 7 000 Assuming the information above is complete what was the cash introduced or drawings during the period A 2 000 B 1 000 C 5 000 D 6 000 You will find the solutions to this test at the end of this Study Programme. If you answer more than 5 questions correctly your performance is satisfactory if you answer more than 7 correctly you are doing very well. You are now ready to attempt the first course exam. These exams are designed to give you some question practice at an early stage in your studies to enable you to obtain feedback on exam technique. Don t worry too much if you have to revert to the material when answering questions. Obviously it will be beneficial to attempt them without reference to your Study Text and notes but it is the technique in producing answers that is the valuable element at this stage. Once you have completed your attempt send your solutions together with the front sheet to Marking Department BPP Professional Education Aldine House Aldine Place 142 - 144 Uxbridge Road Shepherds Bush Green London W12 8AW 43 Study Period 21 Partnership accounts Priority Medium Examined 6 05 Date due Exam Guidance A note to the latest syllabus states that questions on partnership income statements may include the effects of the admission and the retirement of partners on the profit-sharing arrangements. This is a fairly straightforward procedure. Assuming that profits accrue evenly throughout the year the profits for the year are dealt with in two sections. The .

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