Icaew/aca Study guides, Revision notes & Summaries

ACA [ICAEW] - ACCOUNTING EXAM ANSWERED CORRECTLY!!

ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS Books of Original Entry - Answer- 1. Cash Book 2. Sales Day Book (Credit Sales) 3. Purchases Day Book (Credit Purchases) 4. Petty Cash Book 5. Journal Book 6. The Payroll Statement of Financial Position - Answer- SOFP - Snapshot of assets controlled, liabilities owned and capital at a point in time Statement of Profit and Loss - Answer- Income and expenses over a period of time The Business entity concept - Answer- Business transac...

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...

ICAEW ACA Accounting Question and answers correctly solved 2024 Accounting - correct answer A way of recording, analyzing and summarizing transactions of an entity. Statement of Profit and Loss - correct answer It reflects the performance of a business over a period of time. Statement of Financial Position - correct answer It reflects the position of a business at a point in time. Users of Accounting - correct answer Any organization/business/individual who needs to keep track of th...

ICAEW - ACA - BPT - Schemes for investment by individuals What are venture capital trusts, enterprise investment schemes and seed enterprise investment schemes - correct answer Tax reducers deducted from the tax calculated to give income tax liability Who can invest in a venture capital trust - qualifying individual - correct answer Individual over 18 subscribing for newly issued shares What must be invested in for a venture capital trust - qualifying company - correct answer Company o...

ICAEW - ACA - F.M. - Managing financial risk Overseas trade Question and answers already passed 2024 Foreign exchange risk - correct answer transaction risk Transaction risk - correct answer the risk that an exchange rate will change between the transaction date and the subsequent settlement date i.e. it is the gain or loss arising on conversion. What does transaction risk occur on - correct answer Imports and exports? Give an example of transaction risk on imports part 1 - correc...

ICAEW ACA Accounting Exam Questions and Answers 100% Pass 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 liabi...

ICAEW ACA: Tax Compliance 2023 Questions & Answers (A+GRADED 100%VERIFIED)