Aca icaew accounting - Study guides, Class notes & Summaries
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ACA [ICAEW] ACCOUNTING – Exam Questions With 100% Correct Answers Latest 2024/2025.
- Exam (elaborations) • 6 pages • 2024
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ACA [ICAEW] ACCOUNTING – Exam Questions With 100% Correct Answers Latest 2024/2025. Books of Original Entry - ANSWER 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - ANSWER SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - ANSWER Income and expenses over a period of time 
The Business entity concept...
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ICAEW ACA Accounting verified to pass
- Exam (elaborations) • 4 pages • 2024
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ICAEW ACA AccountingUsers of Accounting - correct answer Any organization/business/individual who needs to keep track of their income, expenses, assets and liabilities. 
 
Types of Business Entity - correct answer • Sole trader 
• Partnership 
• Limited Liability Companies 
 
Stakeholders for financial information - correct answer • Managers/Directors 
• Owners of the company 
• Trade contracts 
• Finance providers 
•HMRC 
 
Year-end capital Equation - correct answer Bal. at ...
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ACA [ICAEW] – ACCOUNTING Exam Questions With Verified Answers
- Exam (elaborations) • 6 pages • 2024
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ACA [ICAEW] – ACCOUNTING Exam 
Questions With Verified Answers 
Books of Original Entry - answer1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - answerSOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - answerIncome and expenses over a period of time 
The Business entity concept - answerBusiness trans...
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ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 8 pages • 2024
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ACA [ICAEW] – ACCOUNTING EXAM 
QUESTIONS AND ANSWERS 
Books of Original Entry - Answer- 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - Answer- SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - Answer- Income and expenses over a period of time 
The Business entity concept - Answer- Business transac...
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ICAEW ACA Accounting Exam Questions and Answers 100% Pass
- Exam (elaborations) • 10 pages • 2024
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ICAEW ACA Accounting Exam Questions and 
Answers 100% Pass 
Accounting - Answer- A way of recording, analysing and summarising transactions of 
an entity. 
Statement of Profit and Loss - Answer- It reflects the performance of a business over a 
period of time. 
Statement of Financial Position - Answer- It reflects the position of a business at a point 
in time. 
Users of Accounting - Answer- Any organisation/business/individual who needs to keep 
track of their income, expenses, assets and liabi...
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ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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- $12.49
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ACA [ICAEW] – ACCOUNTING EXAM 
QUESTIONS AND ANSWERS 
Books of Original Entry - Answer- 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - Answer- SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - Answer- Income and expenses over a period of time 
The Business entity concept - Answer- Business transac...
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ACA [ICAEW] – ACCOUNTING (2023/2024) ALREADY GRADED A
- Exam (elaborations) • 12 pages • 2023
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ACA [ICAEW] – ACCOUNTING (2023/2024) ALREADY GRADED A Books of Original Entry 1. Cash Book 2. Sales Day Book (Credit Sales) 3. Purchases Day Book (Credit Purchases) 4. Petty Cash Book 5. Journal Book 6. The Payroll 
Statement of Financial Position SOFP - Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss Income and expenses over a period of time 
The Business entity concept Business transactions should be kept separate from the persona...
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Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024
- Exam (elaborations) • 10 pages • 2024
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Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024 
(Generic) Cash paid during the year in expense ledger - correct answer "Dr Expense 
Cr Cash 
 
" 
(Generic) Cash paid received the year in income ledger - correct answer "Dr Cash 
Cr Income 
 
" 
Calculate whether a closing accrual is required - correct answer "Dr Expense 
Cr Accruals 
 
" 
Calculate whether a closing accrued income adjustment is required - correct answer "Dr Accrued income 
Cr Income 
 
" 
Calculat...
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ICAEW ACA Accounting Exam Questions And Answers (Verified And Updated)
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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ICAEW ACA Accounting Exam Questions 
And Answers (Verified And Updated) 
Accounting - answerA way of recording, analysing and summarising transactions of an 
entity. 
Statement of Profit and Loss - answerIt reflects the performance of a business over a period 
of time. 
Statement of Financial Position - answerIt reflects the position of a business at a point in 
time. 
Users of Accounting - answerAny organisation/business/individual who needs to keep track 
of their income, expenses, assets and ...
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ICAEW ACA Accounting Question and answers correctly solved 2024
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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- $13.49
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ICAEW ACA Accounting Question and answers correctly solved 2024 Accounting - correct answer A way of recording, analyzing and summarizing transactions of an entity. 
 
Statement of Profit and Loss - correct answer It reflects the performance of a business over a period of time. 
 
Statement of Financial Position - correct answer It reflects the position of a business at a point in time. 
 
Users of Accounting - correct answer Any organization/business/individual who needs to keep track of th...
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