Published Accounts & Regulatory Framework (Leaving Cert Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many key documents must limited companies prepare for their AGM?
How many key documents must limited companies prepare for their AGM?
Four
What must be followed exactly when presenting published accounts?
What must be followed exactly when presenting published accounts?
Both order and wording of entries
Which category of fixed assets includes goodwill and patents?
Which category of fixed assets includes goodwill and patents?
Intangible assets
Which expense category includes carriage out and advertising?
Which expense category includes carriage out and advertising?
Distribution costs
Where are directors' fees and auditors' fees classified?
Where are directors' fees and auditors' fees classified?
Administrative expenses
What term replaces 'sales' in published accounts?
What term replaces 'sales' in published accounts?
Turnover
Current assets are items expected to convert to cash within what time frame?
Current assets are items expected to convert to cash within what time frame?
One year
What does 'Tax due' represent in creditors within 1 year?
What does 'Tax due' represent in creditors within 1 year?
Corporation tax plus VAT due
An exceptional item is one of significant size shown separately due to what?
An exceptional item is one of significant size shown separately due to what?
Its unusual nature
Where are contingent liabilities shown on the balance sheet?
Where are contingent liabilities shown on the balance sheet?
Provisions for liabilities & charges