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one thing more , on the acca website its written that we can register for exam till 4th november
but on the open tuition site the last date is 28 august
and on acca website its given that there is no late fees period for the upcoming december attemptExam entry start date: 6th August 2024
Deadline for standard exam entry: 4th November 2024
Deadline for late exam entry: No late entry acceptable for this sessionone more question
which of the follow are true
1-partnership is not required to prepare financial statements to comply with IFRS
2- the partnership pays profit to partners in the form of dividends
3-a partnership has its own tax liabilities ,separate to that of its owners
4-the partners has unlimited liability for the debts of the businesscan you explain each as well? like why they are true or false?
thanks for your time and support.
plus I have one more question and that is , will control account be tested in the exam or is it deducted from the syllabus ? and now supplier statement will be tested in its place?
not clear with the first one
if I make a bank statement ledger with debit side being the negative one
I will place opening balance on the debit side and lodgments on credit side and the unpresented cheques on the debit side
so, we will get the closing balance of 29220 credit on the bank statement ledger
and the cash book ledger has to be the opposite, right?
so, it should be a debit 29220, right?thanks for the reply
which mock should I give first?
and how much should I aim to score?
So, if a question like this comes where it’s unclear if they are asking about the fraud reporting or internal control reporting, what should be the answer?
thanks for your help! sir.
As written in Kaplan , external auditor should report to the audit committee which acts as an interface between Auditors and BOD
So why is this D?But the answer given in Kaplan is :-
B
High fixed costs often mean that a business needs to ensure it sells a reasonable volume of
its products in order to cover these fixed costs and become profitable. This need to maintain
sales volume is likely to give customers higher power (the company will be keen to retain
customers) and will increase competitive rivalry (the company will want to avoid loss of
customers to rivals/will need to attract customers from rivals to maintain its volume). High
fixed costs may also create a barrier to prevent new businesses from entering the market.please explain why and can you give me any trick to solve similar questions.