Questions from Financial Accounting

Q: Distinguish between corporations and partnerships in terms of the following characteristics:

Distinguish between corporations and partnerships in terms of the following characteristics: a. Owners’ liability for debts of the business. b. Transferability of ownership interest. c. Continuity of...

Q: Suggest six non-financial performance measures for a company which offers

Suggest six non-financial performance measures for a company which offers contract gardening services to companies which have landscaped sites surrounding their offices. Give reasons for your choice....

Q: The following list of transactions relates to the business of Electrical Retailers

The following list of transactions relates to the business of Electrical Retailers during the month of November. Required: (a) Make entries in a spreadsheet for the above transactions. (b) Using the...

Q: The following is a list of assets, liabilities and ownership interest

The following is a list of assets, liabilities and ownership interest of D. James Ltd on 1 January Year 5 when the company began to trade. The company has an issued share capital of 100,000 Â&po...

Q: The following table sets out business transactions and events for Chris Brown

The following table sets out business transactions and events for Chris Brown Ltd. Required: (a) Using the accounting equation spreadsheet provided, record the effect of each transaction and events o...

Q: Carry out a ratio analysis of Safe and Sure plc, using

Carry out a ratio analysis of Safe and Sure plc, using the financial statements set out in Appendix I (at the end of this book) and applying the method of analysis set out in section 13.6. Making a co...

Q: The summarised version of the Year 7 accounts of Worldchem plc is

The summarised version of the Year 7 accounts of Worldchem plc is shown below along with comparative figures for the previous year. Most of the notes in the accounts, which give further details about...

Q: Prepare a full ratio analysis and commentary for Craigielaw. Assume that

Prepare a full ratio analysis and commentary for Craigielaw. Assume that a share price of 160 pence is applicable at both year-end dates. Industry average ratios for both Year 7 and Year 6 are as foll...

Q: Carry out a trend analysis on Safe and Sure plc, using

Carry out a trend analysis on Safe and Sure plc, using the historical summary set out in Appendix I. Write a short report on the key features emerging from the trends.

Q: Consider the following: / Statements of financial position (

Consider the following: Statements of financial position (balance sheets) at 31 December Further information 1. The dividend paid during Year 2 was £25m. The retained earnings increased b...