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Which one of the following would not be considered one of the roles of a Financial Accountant?
AB wrote off a $500 debt owed by CD last year During the current year CD has paid the $500 in full AB has debited the bank account with S500.
Where would the credit entry for this receipt be recorded?
Company X wants to find the total of all the transactions from its sales account. Where should Company Xlook?
A trial balance should be extracted from the ledger accounts prior to preparing the final accounts because:
Refer to the exhibit.
A business has the following capital and long-term liabilities:
It calculates its gearing ratio as the proportion of debt to total capital.
At the end of the current year, its gearing ratio, compared with that of the previous year, is:
