Podcast
Questions and Answers
What is the primary subject matter of depreciation?
What is the primary subject matter of depreciation?
- Cash flow management
- Market price fluctuations
- Asset value reduction over time (correct)
- Employee performance evaluation
Which of the following is not a method of calculating depreciation?
Which of the following is not a method of calculating depreciation?
- Straight-line method
- Declining balance method
- Units of production method
- Cost-volume-profit analysis (correct)
What is required when defining depreciation?
What is required when defining depreciation?
- A clear statement of reasons for depreciation (correct)
- Establishing cash flow statements
- Identification of asset types only
- Knowledge of market value only
How many marks does the question on the procedure of remittances carry?
How many marks does the question on the procedure of remittances carry?
Which of the following is an incorrect statement about the cash book?
Which of the following is an incorrect statement about the cash book?
What is the maximum number of words for each response in the question asking to attempt four parts?
What is the maximum number of words for each response in the question asking to attempt four parts?
In single-entry bookkeeping, what is primarily recorded?
In single-entry bookkeeping, what is primarily recorded?
Which method is commonly not used for selecting depreciation methods?
Which method is commonly not used for selecting depreciation methods?
Which value is the largest among the listed numbers?
Which value is the largest among the listed numbers?
Which of the following is the smallest number in the right column?
Which of the following is the smallest number in the right column?
If you increase the smallest value by 50%, what will be the new value?
If you increase the smallest value by 50%, what will be the new value?
What percentage does the second value represent compared to the first value?
What percentage does the second value represent compared to the first value?
Which value, when added to the smallest value, equals 50.000?
Which value, when added to the smallest value, equals 50.000?
If the largest value is decreased by 10%, what would be the result?
If the largest value is decreased by 10%, what would be the result?
What is the average of the three values presented in the right column?
What is the average of the three values presented in the right column?
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Study Notes
Examination Details
- The examination is worth a total of 100 marks
- There are seven questions in total
- There are four sections on the test in total
- The test is divided into four questions
- Question 4 requires a response of 100-150 words for each part
- Question 6 requires a response of 150-200 words for each part
- The test is 9 pages long
Question 4
- Requires the explanation of the procedure for remittances between two Head Post Offices
Question 5
- Asks for a definition of depreciation
- Asks for the subject matter of depreciation
- Asks for the two main methods of calculating depreciation
- Asks for the selection criteria of appropriate depreciation methods
Question 6
- Requires a short note on four topics
Question 7
- Asks for a single-entry cash book recording of transactions from the given table
- Asks for a Receipt and Payment Account for the month of April 2021 using the table
- Provides details of transactions for M/s GA Traders for April 2021 in a table format
- Asks for the transactions to be recorded in a single-entry cash book or a Receipt and Payment Account for the month of April 2021
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