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Question 1:
(a) What do you understand by term offshore bank?
(b) What are the benefits of providing and receiving banking services from an offshore bank?
(c) Explain the factors determining the location of an offshore bank.
Question 2:
‘Everybody can become a company director as long as the person is of legal age and is sound of mind.'
(a) What are the different types of company directors?
(b) Explain the duties and the powers of a company director.
(c) Discuss the methods of appointment, removal and retirement of a company director.
Question 3:
‘A pension fund is an arrangement under which an organization makes financial provisions for its employees as well as its senior executives.'
(a) What are the roles of the various parties involved in an offshore pension fund?
(b) What are the possible advantages of an offshore pension fund?
A company pays rates annually/yearly in advance on 1 April every year. $4000 is paid by them on 1 April 2009 and $4800 on 1 April year 2010. The company's accounting year end is 31
The following was taken from the records of the Frederic Products Company for 200X: 5) y for 200X: Total estimated manufacturing overhead cost for the year is $288,750 Total
Q. What is Prepaid expense? A prepaid expense is an asset pending assignment to expense such as prepaid rent, prepaid insurance and supplies on hand. Note that the character of
hi is any one out there?
The accounting records of Nu-tonics Inc., include the following information for the year ended December 31, 2013: Materials Inventory as at 1 January 2013 $ 20,000 Materials
Q. Example of work sheet for a merchandising company? Lyons Company is a tiny sporting goods firm. The illustration for Lyons Company focuses on merchandise-related accounts. T
Q. What do you mean by work sheet? The work sheet is a columnar sheet of a computer spreadsheet or a paper on which accountants summarize information needed to make the adjusti
Q. Describe Retail inventory method? Retail stores often use the retail inventory method to estimate ending inventory at times other than year-end. Taking a physical inventory
Q. Illustrating the recording of sales returns? Following are two instances illustrating the recording of sales returns in the Sales Returns and Allowances account - Suppose
explain the separate set of books method for maintaining joint venture accounts
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