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Which one of the following statements about an imprest system of petty cash is correct?
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Which one of the following provides evidence that an item of expenditure on petty cash has been approved or authorised?
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What is the total of the sales day book?
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Liam was convicted of a criminal offence by a Magistrate's Court. If Liam has grounds to appeal, which court will the case move to next?
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Which of the following is the final court of appeal for a number Commonwealth countries?
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Which of the following statements is correct?
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What is the correct description of perpetual inventory?
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What would be the double entry for an issue of indirect production materials?
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Which of the following will be completed by a production department requiring new materials to be obtained from suppliers?
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Which of the following procedures are carried out to minimise losses from inventory?(i) use of standard costs for purchases(ii) restricted access to stores(iii) regular stocktaking
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A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600. Which of the following journal entries would correctly record this? Dr Cr $ $
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A business can make a profit and yet have a reduction in its bank balance. Which ONE of the following might cause this to happen?
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Jones Co has the following transactions:1 Payment of $400 to J Bloggs for a cash purchase2 Payment of $250 to J Doe in respect of an invoice for goods purchased last monthWhat are the correct ledger entries to record these transactions?
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T Tallon had the following transactions: 1 Sale of goods on credit for $150 to F Rogit 2 Return of goods from B Blendigg originally sold for $300 in cash to B Blendigg What are the correct ledger entries to record these transactions?
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Which of the following documents should accompany a return of goods to a supplier?
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Which of the following are books of prime entry?1 Sales day book2 Cash book3 Journal4 Purchase ledger
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In which book of prime entry will a business record debit notes in respect of goods which have been sent back to suppliers?
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Imran claims that Zak owes him £1,000 as a result of a breach of contract. In which court will Imran start his action against Zak?
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What is the economic batch quantity used to establish?Optima
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A company determines its order quantity for a raw material by using the Economic Order Quantity (EOQ) model.What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material?
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