ACCAF3官网题库—样题卷3.pdfVIP

1. Jason has received payment for a debt that had been written off as irrecoverable. What debit and credit should be used to record the correct journal entry for this transaction? Receivables control . Cash Irrecoverable debts account Debit Credit 2. Which of the following organisations provides guidance to the International Accounting Standards Board on the implications of proposed standards for users and preparers of financial statements? The International Financial Reporting Standards Interpretations Committee The International Financial Reporting Standards Foundation The International Financial Reporting Standards Advisory Council The International Federation of Accountants 3. Which of the following statements about directors are true? The directors of a company are responsible for the preparation of the financial (1) statements of that company The directors and external auditors of a company have joint responsibility for (2) the governance of that company The directors of a company must act honestly in what they consider to be the (3) best interests of their fellow directors The directors of a company should seek to create wealth for the shareholders of (4) the company as their main aim 1 and 4 only 1, 2 and 4 1 and 3 2, 3 and 4 4. Which of the following statements regarding the qualitative characteristics of financial information is FALSE? Information is verifiable if different, knowledgeable and independent observers could reach consensus that a particular depiction is a faithful representation Information will only be useful if it is relevant and faithfully represented Understandability means that points that are too complex for no