3488956
Question 1
Question
The accrual basis of accounting means ....
Answer
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accounting for transactions when the cash is received or paid out
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accounting for transactions when they occur
Question 2
Question
What is the minimum requirement of comparative information that must be provided?
Answer
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1 Year
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2 Years
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3 Years
Question 3
Question
Offsetting assets & liabilities or income & expenses is permitted by IFRS - True or False?
Answer
- True
- False
Question 4
Question
Financial Statements must comply with the requirements of IFRS - what does IFRS stand for[blank_start]?[blank_end]
Answer
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?
Question 5
Question
Identify the following 3 overall considerations:
G[blank_start]----[blank_end] C[blank_start]------[blank_end]
C[blank_start]---------[blank_end]- I[blank_start]----------[blank_end]
A[blank_start]------[blank_end] B[blank_start]----[blank_end] Of A[blank_start]---------[blank_end]
Answer
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