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Illustrate the underlying suppositions considered in the ASB’s ‘Framework for the preparation and presentation of the Financial Statements’.
Critically discuss the different implied conditions and warranties in the contract of sale?
Illustrate out the legal rules of the valid offer. Critically discuss the term capacity to contract. Write down the effect of the agreement made by persons not qualified to contract.
Illustrate out the term misrepresentation. Critically illustrate out the term Quantum merit.
Write down about the net assets method. Write down the entry for the Realisation of profit.
Explain the incidence of the excise tax when the demand is highly inelastic, elastic? What is the effect does elasticity of supply have upon the incidence of an excise tax? Explain the efficiency lo
Write down the differences between the benefits received and capability to pay the principles of taxation. Which of the philosophy is more evident within our current structure of tax? Explain and ju
How the social regulations differ from the industrial regulations? Explain the types of costs and benefits that are associated with the social regulation?
Critically discuss merits and demerits of the under and over capitalization. Illustrate out the different techniques of measuring the capital expenditure decision.
Critically discuss the role of the cost accounting and financial accounting in Management accounting.
In brief discuss significant aspects of the valuation of Inventory and Fixed Assets as laid down by Accounting Standards.
Discuss the details of accounting standards regarding valuation of the inventory and depreciation policy.
Create journal entries to make the needed adjustment in YZ’s consolidated financial statements for year ended 30 September 2013 for the above.
Recognize TWO advantages of having the ethical code for accountants.
Which ONE of the following is regarded as the direct tax? Value added tax or Capital gains tax
Illustrate the uses of inventory information. What do you understand by the cost centre? How do you construct cost centre in Tally.
How do you demonstrate the balance sheet in Tally. How do you change and alter a Balance Sheet? Illustrate with an illustration.
Illustrate the significance of important techniques in inflation accounting. Illustrate in brief the categorization of costs.
Illustrate out the provisions of categorization of goods under VAT. Also describe Excise Audit Provisions which are applicable to Traders & manufacturers.
Who can substantiate the electronic record? Write down comprehensive note on ‘Coercion & undue influence’.
ompare and contrast the price and output determination under the situations of perfect competition and monopoly in long run with the aid of MR and MC curves.
Illustrate the categorization of overheads with suitable illustrations. Illustrate the ‘Under absorption’ and ‘over absorption’.
Describe the above quotation, specifically as it applies to the non-current assets. Do you consider Chamber’s assertion is justified? Illustrate.
Nick wants to minimise his taxable income for this year. Assume all depreciating assets, if any, have an effective life of 5 years and were purchased on 1 July 2012 unless otherwise stated.
Create all entries to record this hedge through December 31, 2011.