Which of the folowing does not affect grus profit Ne 100 Select one aselling products with...
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Which of the folowing does not affect grus profit Ne 100 Select one aselling products with a lowver mark up. O hanincrease in rental of storage space being forced to pay higher prices for inventory O d increased competition resulting in having to kwer selling prices Oe none of the abuve On Friday of each week Cobolt Ltd pays es factory personnel weekly wages amounting to $2500 for a five day work wek During January, pay day falls on Friday 25,2019, For the month end ounts for Jansary, the amount tu be actrued for wages would be Select one O a ss00 O bS1.000 OC S1.500 O d 12000 e52500 A company espensing a 520 wastepaper binket in the yearat is acquired instead of depreciating at over its useful le of 10 years, is an example of Select one O a Cost principle O Full disdosure principle CMonetary Principle O a. Going concem principle Materiality Prinople Which of the following errors would be detected by a trial balance? 1 Discount Allowed was posted as Discount Received in the general ledger I The sales assistant pocketed the cash from a cash sale and did not ring it up on the register i A purchase of inventory on credit was recorded as a debit to the plant and equipment account and a redit to creditors NA cash sale was recorded in the sales account as $237 instead of $273 but was correctly recorded in the bank account Select one O al&v OC enly O dNory .Nane of the above Which of the folowing does not affect grus profit Ne 100 Select one aselling products with a lowver mark up. O hanincrease in rental of storage space being forced to pay higher prices for inventory O d increased competition resulting in having to kwer selling prices Oe none of the abuve On Friday of each week Cobolt Ltd pays es factory personnel weekly wages amounting to $2500 for a five day work wek During January, pay day falls on Friday 25,2019, For the month end ounts for Jansary, the amount tu be actrued for wages would be Select one O a ss00 O bS1.000 OC S1.500 O d 12000 e52500 A company espensing a 520 wastepaper binket in the yearat is acquired instead of depreciating at over its useful le of 10 years, is an example of Select one O a Cost principle O Full disdosure principle CMonetary Principle O a. Going concem principle Materiality Prinople Which of the following errors would be detected by a trial balance? 1 Discount Allowed was posted as Discount Received in the general ledger I The sales assistant pocketed the cash from a cash sale and did not ring it up on the register i A purchase of inventory on credit was recorded as a debit to the plant and equipment account and a redit to creditors NA cash sale was recorded in the sales account as $237 instead of $273 but was correctly recorded in the bank account Select one O al&v OC enly O dNory .Nane of the above
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Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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