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Free BA3 Exam Braindumps (page: 16)

Page 16 of 99
PDF with 393 Questions

DRAG DROP
FGH has extracted its trial balance from its nominal ledger for the year ended 31 March 20X6 The items below have a value greater than SNil Which are debit and which are credit balances?

  1. See Explanation section for answer.

Answer(s): A

Explanation:



Refer to the Exhibit.



What is the correct ledger entry for purchase of goods on credit?
The answer is:

  1. Option A
  2. Option B
  3. Option C
  4. Option D

Answer(s): A



The purpose of the external audit is the examination of, and expression of opinion on the financial statements of an entity.

What is the purpose of internal audits?

  1. To prepare for external audits
  2. To assist employees of the organization in effective discharge of their responsibilities
  3. To create fear
  4. To confirm balances presented in the financial statements

Answer(s): B



Which one of the following book-keeping errors does not affect the view given by the financial accounts?

  1. An error of omission
  2. An error of commission
  3. An error of principle
  4. An error of original entry

Answer(s): B



Page 16 of 99



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Anonymous User commented on May 05, 2024
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