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1) A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause.A) the net income for the period to be understand.B) the net income for the period to be overstated.C) the control account to not agree with the subsidiary ledger.D) the sales account to be understated
#questioSavage Distribution markets CDs of the performing artist Little Sister. At the beginning of October, Savage had in beginning inventory 1,200 Sister’s CDs with a unit cost o
what are the activities?
PROPERTY TRANSFERRED BEFORE BANKRUPTCY (a) Voluntary settlements : The trustee can claim all property settled by the bankrupt on other persons within two years preceding the
for a typical manufacturing company, the most common critical point for recognizing revenue is the date a an order is recieved b. production is completed c the product is delievere
what is estimated liabilities
BREACH OF TRUST Remedies available to beneficiary: Injunction, Personal action, Criminal liability. Defence of trusts: He may be relieved from liability if, in the opini
Answer to Question Six Summarised consolidated statement of comprehensive income for the A group for the year ended 30 September 2010 All workings
Minority interest (MI) When the holding company owns less than 100% of the ordinary share capital of the subsidiary company then the other balance is held by minority interest. T
what are the types and objectives of international accounting standersds?
The price stages are that at which sellers recruit securities to borrowers.
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