…….occurs when certain amount of money that used to buy certain quantity of goods previously, can now only purchase fewer quantity of the same goods Posted on:
An accounting concept which separated the owner of the business and the business is known as: Posted on:
Consumer price index (CPI) or ……. Is on very important means determine the degree of change in price level (inflation) Posted on:
Which of the following statements are correct? 1. A companys authorised share capital must be included in its published balance sheet as part of shareholders funds. Posted on:
Where, in a companys financial statements complying with International accounting standards, should you find dividends paid? Posted on:
The International Accounting Standards Boards (IASB) Framework for the Preparation and Presentation of Financial Statements (Framework) is the IASBs conceptual framework. Which one of the following does the Framework not cover? Posted on:
The IASBs Framework identifies reliability as one of the four qualitative characteristics of financial information. Which one of the following is not an element of reliability? Posted on:
Marina purchased goods on a credit basis from Jamoh for N100,000 and returned half of the goods to Jamoh subsequently. Which one of the following documents is issued by Jamoh to record the return of goods? Posted on:
Valuing inventory at lower of cost or Net Realizable Value (NRV) is an application of the accounting concept of: Posted on:
