Question: Journal entries to correct the following are

> 1. The first systematic attempt at personal identification was devised and introduced by ______. 2. A system of identification relying on precise body measurements is known as _____. 3. The fingerprint classification system used in most English speakin

> 41. True or False: A definite identification of remains cannot be made through the analysis of the decedent’s DNA profile, fingerprints, or medical records. ____ 42. True or False: A site where human remains are found must be treated as a crime scene, a

> 31. ____ is the redistribution of drugs after death. 32. True or False: General testing for poisons is not a routine procedure carried out by the pathologist. ____ 33. A body that displays a cherry-red discoloration often leads a pathologist to suspect

> 21. True or False: For gunshot victims, the cause of death can be listed as a gunshot wound. ____ 22. True or False: Because drug abuse is so common, the forensic pathologist will routinely test for the presence of drugs in nearly all investigations. __

> 11. Asphyxia encompasses a variety of conditions that involve interference with the intake of ____. 12. True or False: Death at a fire scene is primarily caused by the extremely toxic gas carbon monoxide. ____ 13. The protein in red blood cells that tr

> 1. The titles of ____ and ____ are often used interchangeably, but there are significant differences in their job descriptions. 2. True or False: The medical examiner is an elected official and is not required to possess a medical degree. ____ 3. Altho

> 21. The edges of a bloodstain generally _________ within 50 seconds of deposition and are left intact even if the central area of a bloodstain is altered by a wiping motion. 22. A(n) _________ pattern commonly originates from repeated strikes from weapo

> 11. _________ is the most common type of blood spatter found at a crime scene and is produced when an object forcefully contacts a source of blood. 12. True or False: Forward spatter consists of the blood projected backward from the source, and backspat

> Officer Bill Walter arrives at the scene of an apparent murder: a body bearing several gunshot wounds lies on the floor of a small, un-air-conditioned house in late July. A pungent odor almost overwhelms him when he enters the house, so he opens a window

> Most crime labs in the United States are funded and operated by the government and provide services free to police and prosecutors. Great Britain, however, uses private laboratories that charges fees for their services and keep any profits they make. Sug

> On 1 October 2005 Omega granted 50 employees options to purchase 500 shares in the entity. The options vest on 1 October 2007 for those employees who remain employed by the entity until that date. The options allow the employees to purchase the shares fo

> Oliver is a qualified accountant who is employed by Zanger, an unquoted company that manufactures electronic components. Zanger operates from a single, large factory that is the largest employer in Corrtown. Oliver is assisting with the preparation of Za

> A 2016 article by Alison Parker, CPA and Cheryl Hartfield, CPA, both executive editors of PPC products for the Tax & Accounting business of Thomson Reuters reflects on the arguments for and against US companies following International Financial Reporting

> Ridgeway Ltd is a company that has manufactured steel shelving systems for sale to retail customers. In 2017 the directors decided following the Brexit vote to expand into the industrial market. On 1 April 2018 it raised a five year loan of fi6.4m at 8%

> The following are criticisms that could be made of the IASB’s latest Conceptual Framework document. (a) The framework does not consider the meaning of the term ‘true and fair view’ despite this being a fundamental characteristic discussed in Internationa

> The IASB has a number of projects underway to promote the effective communication of information in the financial statements. Key projects include Principles of Disclosure. The objective of this research project is to improve existing guidance in IFRS th

> (a) The draft income statement of the Verti Group as at 30 April 2016 shows profit attributable to ordinary shareholders of the parent entity of $12 million and a loss from discontinued operations attributable to the parent entity of $8 million. Verti ha

> Explain the nature of XBRL (eXtensible Business Reporting Language) and describe how it helps businesses to operate more efficient accounting systems. We have seen that IFRSs are intended to standardise the content of financial reports in order to make i

> Psilon is a listed entity. You are the financial controller of the entity and its consolidated financial statements for the year ended 31 March 20X9 are being prepared. The board of directors is responsible for all key financial and operating decisions,

> Plymbridge Ltd is a company which manufactures and sells modular pre-cast buildings to retail customers. The directors have adopted a policy of steady expansion following the Brexit decision in 2016 into the manufacture and sale of modular warehouse faci

> The following trial balance relates to Amethyst as at 31 March 2015: The following information is relevant: 1 After the year end stock take it was discovered that goods worth $4 million, which were stored in a temporary holding facility, had been acc

> (a) The issued share capital of Manfred, a quoted company, on 1 November 2004 consisted of 36,000,000 ordinary shares of 75 cents each. On 1 May 2005 the company made a rights issue of 1 for 6 at $1.46 per share. The market value of Manfred’s ordinary sh

> The following information is available for X Ltd for the year ended 31 May 20X1: Notes: 1 Share options have been granted to directors giving them the right to subscribe for ordinary shares between 20X1 and 20X3 at £1.20 per share. The optio

> Gamma plc had an issued share capital at 1 April 20X0 of: ● £200,000 made up of 20p shares; and ● 50,000 £1 convertible preference shares classified as equity receiving a dividend of £2.50 per share. These shares were convertible in 20X6 on the basis of

> On 1 January 2017 Picus acquired 8 million $1 equity shares in Sol for $20 million cash. The consideration paid was considerably lower than the market price because the vendor required a quick sale due to cash flow problems. The financial statements of P

> The following Statements of Profit or Loss and other Comprehensive Income relate to Allen plc (Allen) and its investee companies, Corrib plc (Corrib) and Neagh plc (Neagh). Neagh is based in Northern Ireland. It produces, sells, and is managed autonomous

> The following are the financial statements of two trading companies, Arch and Roads, for the financial year ended 31 August 20x1. // The following information is available: (i) Arch acquired 90% of the ordinary shares in Roads for $480m on 1 September 20

> Prepare the statements of financial position of Parent Ltd and the consolidated statement of financial position as at 1 January 20X7 after each transaction, using for each question the statements of financial position of Parent Ltd and Daughter Ltd as at

> Concordia is a construction company. On 1 October 2015, Concordia entered a three-year fixed price contract to build a bridge for $30 million. Further details of the contract are shown below: Concordia’s performance obligations are deem

> On 1 January 20X8, Grabbit plc entered into an agreement to lease a widgeting machine for general use in the business. The agreement, which may not be terminated by either party to it, runs for seven years and provides for Grabbit to make an annual renta

> Aurora is a manufacturer and retailer of beauty products. Extracts from Aurora’s draft financial statements for the year ended 30 September 2017 are shown below: You are currently in the process of finalising Aurora’s

> Rustled has just completed its financial year and has produced the following balances from its books at 31 October 20x6. Additional information is available as follows: 1 An impairment review of receivables was carried out as at 31 October 20x5 and it wa

> Lightfooted purchases a machine for client Multiproductions and undertakes the installation and modifications at the premises of Multiproductions. The machine cost £63,000 and shipping and installation cost another £3,384 for a total cost of £66,384. The

> (i) Duct, a public limited company, is preparing annual financial statements for the year ended 30 April 2016. The entity wishes to early adopt IFRS15 Revenue from Contracts with Customers and requires advice on how the following transactions should be a

> Rosinca is an information technology (IT) company specialising in bespoke computer systems for small and medium-sized entities. On 1 November 2016 Rosinca agreed contract terms in writing with ClientCo to source and install a new IT system and provide on

> The Perry Company (‘Perry’) provides trust and investment services in an offshore location. Perry’s main financial statements are prepared annually on an accruals basis with the last year end being the 31 December 2015. During the preparation of the annu

> Aspers is a long-established manufacturer and retailer of children’s safety equipment. Due to difficult trading conditions and increased competition, the directors decided to sell off its loss-making manufacturing division and focus on

> CSC is a furniture retailer which operates in out of town retail parks. The following information is relevant for the year ended 30 April 2016: During the year CSC commissioned the construction of a new retail store which cost $5 million to build. On 1 M

> IAS 20 Accounting for Government Grants and Disclosure of Government Assistance sets out the requirements for recognising as income any grants received from government agencies, together with any repayments of such grants. On 1 January 2014, Gilmartin pl

> The move from the preparation of accounts under UK GAAP to the users of IFRS by United Kingdom quoted companies for years beginning 1 January 2005 had an effect on the level of profits reported. How will those profits arising from the change in accountin

> The following extract is from the IASB Conceptual Framework for Financial Reporting published in March 2018: The Conceptual Framework for Financial Reporting (Conceptual Framework) describes the objective of, and the concepts for, general-purpose financi

> A. Bell has kept records of his business transactions in a single entry form, but he did not realize that he had to record cash drawings. His bank account for the year 2018 is as follows: Records of cash paid were: Sundry expenses £180; Tra

> You have extracted a trial balance and drawn up accounts for the year ended 31 December 2017. There was a shortage of £78 on the credit side of the trial balance, a suspense account being opened for that amount. During 2018 the following errors made in 2

> Journalise the matters arising from the following items in the books of B. Danby, including the narrative in each case. Note that for this purpose cash and bank items may be journalized. In the case of those items which gave rise to a difference in the t

> Waban prepared draft financial statements for the year ended 31 March 2024, which showed a draft profit for the year of £43,750. His draft financial statements were prepared by a Trainee Accountant. The trial balance failed to agree and contained ledger

> Chi Knitwear Ltd is an old-fashioned business with a handwritten set of books. A trial balance is extracted at the end of each month, and an income statement and a balance sheet are computed. This month, however, the trial balance will not balance, the c

> Lee Crosby has just completed his first year of trading selling cookery equipment. He attempted to prepare a balance sheet from his trial balance before seeking expert help as he was having difficulty getting the balance sheet totals to agree. The trial

> Show the journal entries needed to correct the following errors: (a) Purchases £1,410 on credit from A. Ray had been entered in B. Roy’s account. (b) A cheque of £94 paid for printing had been entered in the cash column of the cash book instead of in the

> Thomas Smith, a retail trader, has very limited accounting knowledge. In the absence of his accounting technician, he extracted the following trial balance as at 31 March 2018 from his business’s accounting records: Required: (a) Prepa

> Draw up a bank reconciliation statement, after writing the cash book up to date, ascertaining the balance on the bank statement, from the following as on 31 March 2024: Cash at bank as per bank column of the cash book (Dr) …………………………………………… 3,028£ Deposi

> Prepare the double entries (not the T accounts) for the following transactions using the format: July 1 Started in business with £5,000 in the bank and £1,000 cash. 2 Bought stationery by cheque £75. 3 Bought goods

> The following is the cash book (bank columns) of F. King for December 2020: The bank statement for the month is: You are required to: (a) Write the cash book up to date to take the necessary items into account, and (b) Draw up a bank reconciliation sta

> In the draft accounts for the year ended 31 October 2019 of Thomas P. Lee, garage proprietor, the balance at bank according to the cash book was £894.68 in hand. Subsequently the following discoveries were made: (1) Cheque number 176276 dated 3 September

> The bank columns in the cash book for June 2024 and the bank statement for that month for D. Hogan are as follows:

> The details below have been taken from the books of Sue Sprung’s business in connection with the quarter ended 30 June 2020: Trade payables as at 1/4/2020 …………………………………………………………….. 48,261£ Trade receivables as at 1/4/2020 …………………………………………………………… 80,436 C

> The following information relates to the business of Amit Juneja for the year ended 31 December 2019: Amounts paid to credit suppliers ………………………………………………………… 223,990£ Bad debts written-off ……………………………………………………………………………….. 7,220 Cheques and bank transfers

> Prepare a sales ledger control account from the following information for May, carrying down the balance at 31 May: May 1 Sales ledger balances ………………………………. 39,953£ Totals for May: Sales day book ……………………………………….… 28,487 Bad debts written off …………………………

> You are required to prepare a purchases ledger control account from the following information for the month of July: July 1 Purchases ledger balances ……………………. 31,278£ Totals for July: Purchases day book ……………………………….. 22,451 Returns outwards day book ……

> (a) Angela’s business pays for its lighting and heating usage in arrears. The business’s books showed an accrual in connection with lighting & heating expenses of £840 as at 1 January 2020 and an accru

> On 1 January 2019 the following balances, among others, stood in the books of B. Baxter: (a) Lighting and heating, (Dr) £192. (b) Insurance, (Dr) £1,410. During the year ended 31 December 2019 the information related to these tw

> W. Hope’s year ended on 30 June 2020. Write up the ledger accounts, showing the transfers to the financial statements and the balances carried down to the next year for the following:

> Danielle is starting a business. Before starting to sell anything, she bought fixtures for £4,100, a van for £5,950 and an inventory of goods for £3,620. Although she has paid in full for the fixtures and the van, she still owes £1,670 for some of the in

> The following trial balance has been extracted from the ledger of Mr Yousef, a sole trader. The following additional information as at 31 May 2019 is available: (a) Rent is accrued by £210. (b) Rates have been prepaid by £880.

> Danielle is a sole proprietor and you are given the following information relating to her business: Additional information: Required: Prepare an income statement for Danielle’s business for the year ended 30 April 2024 as well as a ba

> The owner of a small business selling and repairing cars which you patronise has just received a copy of his financial statements for the current year. He is rather baffled by some of the items and as he regards you as a financial expert, he has asked yo

> Fast Response is a business delivering goods to customers. The following information is available: (1) Extract from the Balance Sheet at 31 December 2024. Non-current assets (2) History of delivery vehicle purchases and sales. (3) Fast Response has the

> Vinny purchased some new equipment on 28 February 2016 for £240,000. Vinny’s policy is to depreciate equipment at 30% per year using the reducing balance method. He calculates a full year’s charge in the year of acquisition and none in the year of dispos

> A bus is bought for £60,000. It will be used for four years, and then sold back to the supplier for £15,000. Show the depreciation calculations for each year using (a) The reducing balance method at 30% per year; and (b) The straight-line method.

> A piece of equipment originally cost £80,000. It is expected to be used for five years and then sold for £800. Show your calculations of the amount of depreciation each year using (a) The reducing balance method at 60% per year; and (b) The straight-line

> A photocopier was bought for £32,000. It is predicted to be used for four years, and then traded in for £10,000. Show the calculations of the figures for depreciation for each year using (a) The straight-line method; and (b) The reducing balance method a

> Richard runs a small publishing business. He buys a new XP27 printing machine on 1 January 2021 for £100,000 which he expects to use for five years. He predicts that the machine will then have a residual value of £10,000. Richard expects to print a total

> A company maintains its non-current assets at cost. Separate accumulated depreciation accounts are kept for each class of asset. At 31 December 2018 the position was as follows: The following transactions were made in the year ended 31 December 2019: (a

> Enter the following transactions in T-accounts: May 1 Started in business with £18,000 in the bank. 2 Bought goods on time from B. Hind £1,455. 3 Bought goods on time from G. Smart £472. 5 Sold goods for cash £210. 6 We returned goods to B. Hind £82. 8 B

> On 31 March 2019, Dixie’s business traded-in a machine (a Z-15 model) which it had originally purchased on 1 April 2016 for £19,000. Dixie had depreciated the Z-15 at 10 per cent per annum using the straight-line method. Dixie part-exchanged the Z-15 for

> Contractors Ltd was formed on 1 January 2019 and the following purchases and sales of machinery were made during the first 3 years of operations. Each machine was estimated to last 10 years and to have a residual value of 5 per cent of its cost price. D

> (a) Jack’s business has a financial year end of 31 May. He bought an item of plant for £225,000 on 1 June 2022 and estimated its useful life to be six years and its residual value to be £45,000. He believed that the straight-line method of depreciation w

> Distance Limited owned three lorries at 1 April 2019: Lorry A: purchased on 21 May 2015 for £31,200 Lorry B: purchased on 20 June 2017 for £19,600 Lorry C: purchased on 1 January 2019 for £48,800 Depreciation is charged annually at 20 per cent of cost on

> A company maintains its non-current assets at cost. A separate accumulated depreciation account is used for each type of asset. Machinery is to be depreciated at the rate of 15% per annum, and fixtures depreciated at the rate of 5% per annum, using the r

> X Co constructed a new factory for itself. The costs incurred on the construction project were as follows: £’000 Architect’s fees (including £75,000 for an initial design that was rejected and discarded by X Co) 415 Costs of applying for and obtaining pl

> The data which follows was extracted from the books of account of H. Kassab, an engineer, on 31 March 2024, his financial year end. (a) Purchase of extra milling machine (includes £300 for repair of an old machine) 2,900 £ (b) Rent 750 (c) Electrical exp

> On what principles would you distinguish between capital and revenue expenditure? Illustrate your answer by reference to the following: (a) The cost of repairs and an extension to the premises. (b) Installation of a gas central heating boiler in place of

> Indicate which of the following would be revenue items and which would be capital items in a wholesale bakery: (a) Purchase of a new van. (b) Purchase of replacement engine for existing van. (c) Cost of altering the interior of the new van to increase ca

> On 18 August 2024, J. Barton purchased a new machine from DelFalco Ltd. Barton paid the following amounts in relation to this acquisition: List price of machine ………………………………………………. 195,000£ Costs of preparing the site for installation ……………………… 8,700 Ass

> Which of the following are shown under the wrong headings?

> Sema plc, a company in the heavy engineering industry, carried out an expansion programmed during its most recent financial year, in order to meet a permanent increase in contracts. The company selected a suitable site and commissioned a survey and valua

> (a) As at 31 October 2024, a balance of £12,900 on the allowance for doubtful debts account of Daisy’s business had been brought forward from the previous year end. It was then decided that specific debts totaling £14,300 were to be written off as the ca

> A business, which started trading on 1 January 2022, adjusted its allowance for doubtful debts at the end of each year on a percentage basis, but each year the percentage rate is adjusted in accordance with an analysis of the business’s

> The following balances appeared in the trial balance of Dave Bainbridge’s business as at 30 June 2024: Trade receivables ……………………………………. 117,000£ Bad debts expense ……………………………………… 18,720 Bad debts recovered ………………………………………. 690 Allowance for doubtful deb

> The balance sheet of Tyrone’s business as at 31 December 2021 included an allowance for doubtful debts of £4,010 and an allowance for prompt payment discounts of £288. Tyrone is now in the process of preparing his financial statements for the year ended

> Lohit is in business buying and selling goods on credit. The following information relates to his bad and doubtful debts for the year ended 31 August 2024. 1. Balance of Allowance for Doubtful Debts Accounts on 1 September 2023 was £1,100 2.

> Ameer purchased a business that buys and sells electrical household goods. When taking over the business, Ameer realised that the existing inventory was obsolete. He therefore decided to have a clearance sale of the existing inventory and replace it with

> (a) Tomasz’s business buys and sells various products, including Product J. The business has 100 units of J in stock at 1 February valued (using the FIFO assumption) at £4 each. Calculate the value of inventory at the end o

> Draw up trading account parts of the income statement using each of the three methods from the details in Review question 18.3A. Review Question 18.3A:

> From the following figures, calculate the closing inventory that would be shown using the (i) FIFO, (ii) LIFO, (iii) AVCO methods on a perpetual inventory basis.

> Enter the following transactions in the appropriate accounts: Aug 1 Started in business with £7,400 cash. 2 9aid £7,000 of the opening cash into the bank. 4 Bought goods on time £410 from J. Watson. 5 Bought a van by cheque £4,920. 7 Bought goods for cas

> Explain how to calculate depreciation using the reducing balance method.

> Explain why it is important to keep notes of all the workings you use in a financial calculation.

> Robles & Co is a VAT-registered business. During the quarter just ended, it bought goods and services to the value of £51,690 excluding VAT, and its sales were £81,906 including VAT. All of the business’s sales are subject to VAT at 20%. However, only tw

> On 1 March 2020, B. Cox, Middle Road, Paisley, a VAT-registered business, sold the following goods on credit to T. Ross, 24 Peter Street, Loughborough, Order No. 9841: 20,000 Coils Sealing Tape @ £6.70 per 1,000 coils 40,000 Sheets Bank A5 @ £5.20 per 1,

> Mudgee Ltd issued the following invoices to customers in respect of credit sales made during the last week of May 2020. The amounts stated are all net of Value Added Tax. All sales made by Mudgee Ltd are subject to VAT at 15%. On 29 May Laira Brand retu