PZ has the following working capital ratios:Which of the following could be the reason for the movements?
Answer(s): B
Which of the following is the responsibility of the International Financial Reporting Standards Interpretations Committee?
Answer(s): C
CORRECT TEXTPP supplies zero-rated and standard-rated goods. During the year ended 30 March 20X3, the standard-rated goods made up 50% of the total supplies. During the year ended 30 March 20X4 this percentage increased to 60%.What percentage of input tax suffered can PP claim back in the year ended 30 March 20X4? Give your answer as a whole number.
Answer(s): A
AA manufactures computers. These are sold to BB at $100 a computer plus a 5% sales tax. BB subsequently sells the computers to CC for $200 a computer plus a 5% sales tax. C sells the computers to customers at $300 a computer plus a 5% sales tax.The total tax received by the tax authority is $30.Which type of tax is described above?
Answer(s): D
The external auditors have completed their audit and have discovered a material but not pervasive error in the financial statements of JK.The directors of JK have refused to change the financial statements.What type of modified audit report should be issued?
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