Basic Accounting Principles

FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements

Identifies a non-component of financial statements under IFRS.

Question

Which of the following is NOT a component of financial statements under IFRS?
A. Statement of financial position
B. Statement of profit or loss and other comprehensive income
C. Statement of changes in equity
D. Statement of affairs
E. Statement of cashflows

Answer

Find Related Questions by Tags, levels, etc.

Tags: Basic Accounting Principles, Financial Statements, IFRS
Level: Level 1

Topic: Elements of Financial Statements
Series: MAY 2014

FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles

Identifies the rule for double-entry bookkeeping.

Question

The double entry rule is expressed as
A. Debit the receiver, credit the giver
B. Debit the giver, credit the receiver
C. Debit the receiver, credit the Bank/Cash account
D. Debit the Bank/Cash account, credit the giver
E. Debit amount paid, credit amount received

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Fundamentals, Basic Accounting Principles, Double Entry
Level: Level 1

Topic: Double-Entry Accounting Principles
Series: MAY 2014

FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements

Identifies a non-component of financial statements under IFRS.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Basic Accounting Principles, Financial Statements, IFRS
Level: Level 1

Topic: Elements of Financial Statements
Series: MAY 2014

FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles

Identifies the rule for double-entry bookkeeping.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Fundamentals, Basic Accounting Principles, Double Entry
Level: Level 1

Topic: Double-Entry Accounting Principles
Series: MAY 2014

Question Tag: Basic Accounting Principles

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements

Identifies a non-component of financial statements under IFRS.

FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles

Identifies the rule for double-entry bookkeeping.

FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements

Identifies a non-component of financial statements under IFRS.

FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles

Identifies the rule for double-entry bookkeeping.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Basic Accounting Principles

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements

Identifies a non-component of financial statements under IFRS.

You're reporting an error for "FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements"

FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles

Identifies the rule for double-entry bookkeeping.

You're reporting an error for "FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles"

FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements

Identifies a non-component of financial statements under IFRS.

You're reporting an error for "FA – May 2014 – L1 – SA – Q3 – Elements of Financial Statements"

FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles

Identifies the rule for double-entry bookkeeping.

You're reporting an error for "FA – May 2014 – L1 – SA – Q1 – Double-Entry Accounting Principles"

Our offerings

Contact Info

Customer

Get In Touch

admin