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Accounting 0985 paper 1 Complete Test bank 2
Accounting 0985 paper 1 Complete Test bank 2 contains Past papers and Practice exams. All Exam papers accompanied with marking schemes
[Show more]Accounting 0985 paper 1 Complete Test bank 2 contains Past papers and Practice exams. All Exam papers accompanied with marking schemes
[Show more]Which statements about book-keeping and accounting are correct? 
1 Accounting is performed periodically rather than daily. 
2 Accounting relies on having accurate book-keeping records. 
3 Book-keeping includes the preparation of financial statements. 
4 Book-keeping involves the recording of fin...
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Add to cartWhich statements about book-keeping and accounting are correct? 
1 Accounting is performed periodically rather than daily. 
2 Accounting relies on having accurate book-keeping records. 
3 Book-keeping includes the preparation of financial statements. 
4 Book-keeping involves the recording of fin...
1 Which task would be carried out by a book-keeper? 
A comparison of financial statements between years 
B preparation of financial statements 
C provision of information for decision-making 
D recording financial transactions 
2 What is the accounting equation? 
A assets = capital – liabili...
Preview 2 out of 15 pages
Add to cart1 Which task would be carried out by a book-keeper? 
A comparison of financial statements between years 
B preparation of financial statements 
C provision of information for decision-making 
D recording financial transactions 
2 What is the accounting equation? 
A assets = capital – liabili...
Which task would be carried out by a book-keeper? 
A comparison of financial statements between years 
B preparation of financial statements 
C provision of information for decision-making 
D recording financial transactions 
2 The following ledger account appeared in the books of Leah, a trade...
Preview 2 out of 15 pages
Add to cartWhich task would be carried out by a book-keeper? 
A comparison of financial statements between years 
B preparation of financial statements 
C provision of information for decision-making 
D recording financial transactions 
2 The following ledger account appeared in the books of Leah, a trade...
Which statement is correct? 
2 
A The accountant prepares the trial balance and the book-keeper prepares the financial 
statements. 
B The accountant writes up the journals and the book-keeper writes up the ledger accounts. 
C The book-keeper writes up the journals and the accountant prepares t...
Preview 2 out of 15 pages
Add to cartWhich statement is correct? 
2 
A The accountant prepares the trial balance and the book-keeper prepares the financial 
statements. 
B The accountant writes up the journals and the book-keeper writes up the ledger accounts. 
C The book-keeper writes up the journals and the accountant prepares t...
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