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FAC1502 Financial Accounting SUMMARY NOTES & EXAM PACK.
FAC1502 Financial Accounting SUMMARY NOTES & EXAM PACK.
[Show more]FAC1502 Financial Accounting SUMMARY NOTES & EXAM PACK.
[Show more]FAC1502 - Financial Accounting Principles, Concepts And Procedures EXAM PACK. QUESTION 1 SOLUTION 
DR P HEAL 
CASH RECEIPTS JOURNAL (CRJ) 
Doc 
Number 
Date 
MARETT 
Details BANK Debtors 
Control 
Fees 
earned 
VAT 
Output 
VAT 
Input 
SUNDRIES 
Amount Details 
450 1 K. Kelly 275 275 
451 1 J. Jail ...
Preview 4 out of 119 pages
Add to cartFAC1502 - Financial Accounting Principles, Concepts And Procedures EXAM PACK. QUESTION 1 SOLUTION 
DR P HEAL 
CASH RECEIPTS JOURNAL (CRJ) 
Doc 
Number 
Date 
MARETT 
Details BANK Debtors 
Control 
Fees 
earned 
VAT 
Output 
VAT 
Input 
SUNDRIES 
Amount Details 
450 1 K. Kelly 275 275 
451 1 J. Jail ...
FAC1502 Financial Accounting SUMMARY NOTES Revision course 2017 S1. The Conceptual Framework for Financial Reporting 
Elements: Recognition Criteria 
 First meet the definition of one of the elements! 
 Then 2 recognition criteria: 
1. Is PROBABLE that any FUTURE ECONOMIC BENEFITS will flow 
2...
Preview 4 out of 157 pages
Add to cartFAC1502 Financial Accounting SUMMARY NOTES Revision course 2017 S1. The Conceptual Framework for Financial Reporting 
Elements: Recognition Criteria 
 First meet the definition of one of the elements! 
 Then 2 recognition criteria: 
1. Is PROBABLE that any FUTURE ECONOMIC BENEFITS will flow 
2...
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