At 31 March 20X2 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600.
At 31 March 20X3 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200.Payments made
for heating oil during the year ended 31 March 20X3 totalled $34,600.Based on these figures,
what amount should appear in the company's statement of profit or loss and other comprehensive income for heating oil for
the year?
$Payments made?34,600Add: opening balance?8,200Less: opening accrual?(3,600)Less: closing balance?(9,300)Add: closing accrual?3,20033,100
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
最新試題
該科目易錯(cuò)題
該題目相似題
