Which of the following statements is false

Q: Which of the following is a TRUE statement

A: As per our guidelines and protocol we provide solution to the one question only and you have asked…

Q: 1.Which of the following is not true about FICA?

A: GIVEN   the following is not true about FICA

Q: Give two examples of errors of principle?

A: Errors of principle refers to errors that are carried out at time of noting down transactions…

Q: Which of the following is incorrect?

A: Accounting system is a structured system that is incorporated in a business entity to collect,…

Q: Which of the following statements is true?

A: All the accounts in the income statement are closed at the end of each year and the balance is…

Q: correct

A: Correct Answer :- C 6000 Gain

Q: hich of the following statements is true?

A: Payback periods is not larger than maximum accepted pay back period. Profitability index 1 or more…

Q: True or False:

A: Explanations: 1. Total capital of the firm depends upon the types of capital a firm has issued.…

Q: Which of the following statements is true? Multiple Choice

A: The following statement is true.

Q: Explain errors of principle and give two examples with measures to rectifythem.

A: An error of principle is an accounting mistake in which an entry is recorded in the incorrect…

Q: It is good to assume that unusual items will be zero. True or False

A: Unusual or Infrequent Items are transactions that are unusual in nature or infrequent. The items…

Q: True or False: Write T if the statement is correct. If it is not, write F and state the reason…

A: Financial planning is a forecast of future revenue and expense for an organisation The first step in…

Q: All of the following statements are incorrect, except

A: In a different case in the case of Individual is a resident if he lives longer in the Philippines he…

Q: True or False

A: In variable costing, Income is determined by subtracting Fixed costs from contribution margin and…

Q: Which of the following is false about Faithful Representation?

A: Answer Faithful representation is the requirement that the financial statements should be accurate…

Q: What is the distinction between comparability and consistency?

A: Comparability means to make comparison between or among the companies according to their status…

Q: Which of the following statements is false about CD's

A: Certificate of Deposits or CD's is offered by banks or financial institutions. The CD's are deposits…

Q: Which of the above statements is/are true?

A: Factory overhead allocation: the factory overhead of a company can only be calculated at the end of…

Q: The use of the word “prior” is a key indicator that information is nonrelevant to a current…

A: The use of the word "prior" is not a key indicator to know that information is non-relevant to a…

Q: =) FALSE?

A: The exchange rate refers to the value of the one currency converted into the other currency. The…

Q: Why option A is incorrect?

A: revenue is generated by the business whenever  goods or services are sold by the business.this leads…

Q: True False

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: feature of relevant information

A: Which one of the following is a feature of relevant information?  Answer :- D. Neutrality

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: Which of the following is true?

A: You have asked three different questions but as per our protocol we provide solution to only one…

Q: Indicate whether each of the following statements is true or false.

A: ANSWER   1.True When designing an accounting system, Special reports are needed and for preparing…

Q: Part a and b are wrong ?

A: Depreciation - It is the reduction in the value of fixed asset due to normal wear and tear and…

Q: Which of the following statements is true ahout the fonward prio

A: Forward Price volatility can be defined as the increase or a decrease of 1 basis point in required…

Q: Which of the following is FALSE with respec Multiple Choice

A: On the death of an individual, tax returns of the deceased are filed by his legal representative or…

Q: why b is incorrect? *  which is the correct ans

A: Solution concept The accounting equation is expressed as Asset = liabilities + equity The…

Q: hich of the following statements are true and which are false?

A: I. Externalities is the one of the reason for market failure not an only reason. They are many…

Q: How does the source of evidence affect its reliability?

A:

Q: True or False.

A: Hi student Since there are multiple subparts, we will answer only first three subparts

Q: Is this correct

A: Amounts are transferred or recorded into respective ledger accounts is the activity which are…

Q: The Conceptual Framework is not an IFRS.

A: IFRS is an acronym of International Financial Reporting Standards The IFRS provides the standards…

Q: What is an evidence which can support a conclusion for the time being but it may be proven…

A: Circumstantial proof is evidence that depends on associate illation to attach it to a conclusion of…

Q: Which of the following is not considered to be an analytical procedure?

A: Answer: Comparisons of financial statements accounts with source documents

Q: Which of the following statements is currently true:

A: Statement (a) This statement is not true because if a person keeps working at the age of 66 and…

Q: What is an uncorrected misstatement?

A: Auditing:   Auditing refers to an independent examination of financial information of any…

Q: statement is true or false, based on the knowledge of the different theories and mo

A: Stock prices are determined by market movements and prices may go up and down depending on supply…

Q: Which of the following statements is TRUE?

A: A measure of an organization’s liquidity position can be ascertained by examining its Current Ratio.…

Q: Which of the following is not an example of external variable?

A: Option a

Q: Which of the following statements Is/are true?

A: Inventory valuation: Inventory valuation is a method used or followed for the calculation cost of…

Q: true false

A: The correct answer is  True