Trade and other payables Study guides, Study notes & Summaries
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FAC1601 Assignment 2 Semester 1 2023/2024 Update
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FAC1601 Assignment 2 Semester 1 2023/2024 Update 
FAC1601 Assignment 2 Semester 1 2023/2024 Update 
 
Question 1 
 Which of the following statements is correct: 
1. When revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 
2. The selling price of a partnership is determined by the cost price of the partnership. 
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MBA 5100 All studied chapters | Complete testbank 2023/24
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MBA 5100 All studied chapters | Complete testbank 2023/24 
 
(8-23)Current liabilities are 
 a. due but not receivable for more than one year. 
 b. due but not payable for more than one year. 
 c. due and receivable within one year. 
 d. due and payable within one year. - d. due and payable within one year. 
(8-24)A transaction that is likely to cause an increase in a current liability is: 
 a. payment of accrued wages. 
 b. accrual of interest expense. 
 c. depreciation of equipment. 
 d. accr...
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FAC1601 Assignment 5 (WORKINGS & ANSWERS) Semester 1 2023 (367161) - DUE 12 June 2023
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FAC1601 Assignment 5 (WORKINGS & ANSWERS) Semester 1 2023 () - DUE 12 June 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 . 
Gill and Zaahir are in the business of supplying and installing solar panels in the form of a partnership trading as Solar Installations. Gill and Zaahir share profits and losses in the ratio1:2 respectively. On 31 May 2023 the following information was extracted from the accounting records of the partnership: ...
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FAC1601 EXAM PACK 2023
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FAC1601-Exam-Pack - Exam pack 
Financial Accounting and Reporting (University of South Africa) 
lOMoARcPSD| 
Financial Accounting 1B 
Study & Exam Pack for FAC1601 © 2014 
This is prepared for UNISA undergraduate students undertaking the module FAC1601. The past exam 
papers used as a way of practicing the concept emphasized in the study guide for this module 
Compiled by Levison Kamanga (check his profile on ), for and on behalf of 
“Inspired to impact with a difference” 
All the que...
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FAC1601 Assignment 2 Semester 1 2023 (366856)
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FAC1601 Assignment 2 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . 
Which of the following statements is correct: 1. W hen revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 2. The selling price of a partnership is determined by the cos...
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Test Bank for Intermediate Accounting, Volume 2, 5th edition by Kin Lo
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Test Bank for Intermediate Accounting, Volume 2 5e 5th edition by Kin Lo, George Fisher. ISBN-13: 4919 
 
Full Chapters test bank included for Vol 2 
 
Chapter 11 Current Liabilities, Non-Financial Liabilities, and Contingencies 
A. Introduction 
B. Definition, Classification, and Measurement of Liabilities 
1. Liabilities defined 
2. Recognition 
3. Financial and non-financial liabilities 
4. Current versus non-current liabilities 
5. Initial and subsequent measurement 
C. Current Liabilities 
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FIN3702 - Summarised Notes Latest 2022
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FIN3702 - Summarised Notes Latest 2022. FIN3702 - Working Capital Management 
Analyzing a firms cash flow 
Module objectives: 
- Explain tax depreciation procedures and effect on business’ cash flow 
- Explain why cash flow statement is different to the income statement 
- Prepare a cash flow statement 
- Prepare and operating cash flows and free cash flows 
Introduction to analyzing a firm’s cash flow 
1. Why is cash flow the lifeblood of a firm? 
o Managing day-to-day operations 
o Making ...
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Centra...
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FAC2601 Assignment 2 Semester 2 Solutions 2022
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FAC2601 Assignment 2 Semester 2 Solutions 2022 
FAC2601 - Financial Accounting And Reporting 
The following information was extracted from the accounting records of Sankofa Ltd on 
30 June 2020: 
 R 
Inventories (additional information 3) 305 300 
Trade and other receivables 220 000 
Trade and other payables 35 000 
Dividends payable 5 000 
Bank 23 000 
Retained earnings (30/06/2019) 49 800 
Long-term loan – Kwasi Ltd (additional information 4) 950 000 
Land at cost 1 000 000 
Buildings at cos...
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AQA A-level ACCOUNTING Paper 2 Accounting for analysis and decision-making JUNE 2023
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AQA 
 
 
 
 
 
A-level 
ACCOUNTING 
Paper 2 Accounting for analysis and decision-making 
 
Tuesday 6 June 2023	Morning	Time allowed: 3 hours 
Materials 
For this paper you must have: 
•	a calculator. 
 
Instructions 
•	Use black ink or black ball-point pen. 
•	Fill in the boxes at the top of this page. 
•	Answer all questions. 
•	You must answer the questions in the spaces provided. Do not write outside the box around each page or on blank pages. 
•	If you need extra space for your a...