Free BA3 Exam Braindumps (page: 17)

A payment to a supplier has been credited to the supplier's account and debited to the bank account.

This would result in

Which ONE of the following is an asset?

CORRECT TEXT

Refer to the Exhibit.


The following information is available relating to the non-current assets of Company X:

Non-current assets that had originally cost $225,000 and had a carrying value of $105,000 were sold during the year.

The figure for purchases of non-current assets to be shown in the statement of cash flows will be, to the nearest $1,000:

As well as independence other essential elements of internal audit can be identified.

Which THREE of the following would be classed as essential elements of internal audit?