QUESTION: 129

A company which is VAT registered, has sales for the period of $28,450 (excluding VAT) and purchases (including VAT) for the period of $14,687.50.

The balance on the VAT account, assuming all items are subject to VAT at 17.5%, is:

$2,408.44 debit
$2,408.44 credit
$2,791.25 debit
$2,791.25 credit

Answer(s): D

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QUESTION: 130

Which TWO of the following are treated as statutory deductions from an employee's gross salary?

Employer pension contributions D Income tax
Employee social club contributions
Employee pension contributions
Employer social security contributions

Answer(s): B,D

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QUESTION: 131

Which of the following is an example of a transaction that affects profit, but does not affect cash?

Purchase of raw materials
Cost of electricity consumed in the period
Profit and loss on disposal of a non-current asset
Interest on bank loans

Answer(s): C

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QUESTION: 132

Refer to the exhibit.

In a statement of cash flows, which three of the following would be found under the section "cash flows from investing activities"?

A, D and F
B, C and E
C, D and E
A, B and F

Answer(s): B

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Free BA3 Exam Braindumps (page: 34)

QUESTION: 129

QUESTION: 130

QUESTION: 131

QUESTION: 132

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