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Exam (elaborations)
ICAEW Commercial/Company Law Exam Review Questions with complete Answers 2023/2024
ICAEW Commercial/Company Law Exam Review Questions with complete Answers 2023/2024 
What is the difference between civil law and criminal law? - correct answer 
Civil law: claimant and defendant 
Criminal law: prosecution and accused 
 
 
True or false: the party brining a civil case to court is known as the prosecution 
False 
 
 
What is the party in court who is charged with a criminal offence known as? - correct answer 
The defendant 
 
 
To what contract would the un convention on contracts...
Exam (elaborations)
ICAEW Company sharers and equity share capital Questions and Verified Answers 2023/2024
ICAEW Company sharers and equity share capital Questions and Verified Answers 2023/2024 
Share - correct answer A member’s stake in a company's share capital 
 
Name the two most common types of shares - correct answer Preference shares and ordinary shares 
 
Describe a share - correct answer A transferable form of personal property, carrying rights and obligations, by which the interest of a member of a company limited by shares is measured. 
 
Shareholder - correct answer A member of a comp...
Exam (elaborations)
ICAEW Fundamentals of Company law study review Questions and Answers 2023/2024
ICAEW Fundamentals of Company law study review Questions and Answers 2023/2024 
Features of criminal law - correct answer 
1) state disapproves the conduct 
2) purpose - enforcement of particular forms of behavior 
3) case brought by the state 
4) burden of proof: on prosecution 
5) standard of proof: high standards 
6) object: to regulate society by the threat of punishment 
7) penalties: fine or imprisonment 
 
Features of civil law - correct answer 1) private law 
2) purpose - to resolve ind...
Exam (elaborations)
ICAEW Commercial law study guide questions and correct Answers 2023/2024
ICAEW Commercial law study guide questions and correct Answers 2023/2024 
What does void mean and when are contracts void? correct answer 
That there is no valid contract and goods should be returned; 
- illegality (must not be illegal or against public policy) 
 
 
What does voidable mean and when are contracts voidable? - correct answer 
The contract can be ignored by the 'injured' party; 
- lack of capacity (due to age or sound of mind) 
- lack of free will (duress or undue influence) 
- mi...
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ACA Assurance Bundled Exams Full Solution Pack Completely Solved 100%
ACA Assurance Bundled Exams Full Solution Pack Completely Solved 100%
Exam (elaborations)
ICAEW ACA Accounting Questions and Answers with complete solution
Accounting - Answer-A way of recording, analysing and summarising transactions of an entity. 
Statement of Profit and Loss - Answer-It reflects the performance of a business over a period of time. 
Statement of Financial Position - Answer-It reflects the position of a business at a point in time. 
Users of Accounting - Answer-Any organisation/business/individual who needs to keep track of their 
income, expenses, assets and liabilities. 
Types of Business Entity - Answer-• Sole trader 
• Par...
Exam (elaborations)
ICAEW ACA Accounting Questions and Answers Rated A+
ICAEW ACA Accounting Questions and 
 
Answers Rated A+ 
 
Accounting A way of recording, analysing and summarising transactions of an entity. 
 
Statement of Profit and Loss It reflects the performance of a business over a period of time. 
 
Statement of Financial Position It reflects the position of a business at a point in time. 
 
Users of Accounting Any organisation/business/individual who needs to keep track of their 
income, expenses, assets and liabilities. 
 
Types of Business Entity •...