Of sales debtors and prepaymentsFound 9 free book(s)
3 | P a g e Audit of Cash Sales/ Receipts Audit of Accounts Receivable/Debtors Audit of prepayments Definition of Terms Revenue Revenue is defined by the International Accounting Standard (IAS) 18 as
before adjustments for items such as accruals, prepayments, bad debts and depreciation – these will be covered in the next chapter in vertical format, ie in the column format used by accountants
3 CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2017 2017 2016 Note HK$’000 HK$’000 ASSETS Non-current assets Land use rights 12,584 12,944 Property, plant and equipment 519,077 532,180 Deposits and prepayments 7,557 5,352 Intangible assets 3,185 5,804 Interests in joint ventures 1,405 377 Deferred tax assets 4,424 4,656 Available-for-sale financial assets 43,881 44,264 …
- 3 - OPERATIONS REVIEW (continued) Detergent Segment Detergent Segment achieved 10% sales growth to HK$376 million, but margin experienced a slight decline amid material and …
June 2013 continued 7B/PQP/3 Accounting Principles Questions, Answers and
Management of Working Capital 7.3. A positive working capital means that the company is able to payoff its short-term liabilities. A negative working capital means that the company currently is unable to meet its short-term
a) Intangibles b) Intangible assets c) Intangible fixed assets d) Intangible and legal assets e) Intangible assets and legal values Wersje (a), (b) i (c) to ekwiwalenty znaczeniowe terminu – …
1 Chapter 1 The Accounting Equation and the Balance Sheet Answers to ‘Think about it’ Questions Page 5 – Why are liabilities shown on the right hand side of the balance sheet and not on the left? Because based on the accounting equation it has to be on the same side as capital.
AZGARD NINE LIMITED 03 By the Grace of God, your Board of Directors feels immense pleasure in presenting the 2nd quarter and half yearly financial statements for the period ended March 31, 2005.