Icaew - Study guides, Class notes & Summaries

ICAEW Q Bank With Complete Solutions 2024

ICAEW Law Question and answers rated A+ 2024 Features of criminal law - correct answer 1) State disapproves the conduct 2) Purpose - enforcement of particular forms of behavior 3) Case brought by the State 4) Burden of proof: on prosecution 5) Standard of proof: high standards 6) Object: to regulate society by the threat of punishment 7) Penalties: Fine or imprisonment Features of civil law - correct answer 1) Private law 2) Purpose - to resolve individual disputes 3) Case brought...

ICAEW - BTF - Chapter 1 - Intro to BusinessWhat is an organization? - correct answer A social arrangement for the controlled performance of collective goals, which has a boundary separating it from its environment. Explain what is meant by 'social arrangement' - correct answer Individuals gathered together for a purpose Explain what is meant by 'controlled performance' - correct answer Performance is monitored against the goals and adjusted if necessary to ensure the goals are accom...

ICAEW Law Questions with complete solution 2024 What does void mean and when are contracts void? That there is no valid contract and goods should be returned; - Illegality (must not be illegal or against public policy) What does voidable mean and when are contracts voidable? The contract can be ignored by the 'injured' party; - Lack of capacity (due to age or sound of mind) - Lack of free will (duress or undue influence) - Misrepresentation (incorrect facts that made the contract ...

Dr/Cr - ICAEW ACA Accounting(Generic) Cash paid during the year in expense ledger - correct answer "Dr Expense Cr Cash " (Generic) Cash paid received the year in income ledger - correct answer "Dr Cash Cr Income " Calculate whether a closing accrual is required - correct answer "Dr Expense Cr Accruals " Calculate whether a closing accrued income adjustment is required - correct answer "Dr Accrued income Cr Income " Calculate whether a closing prepayment is requ...

ACA [ICAEW] ACCOUNTING Exam Questions With Correct Answers Latest 2024/2025 (Graded. Statement of Profit and Loss - ANSWER Income and expenses over a period of time The Business entity concept - ANSWER Business transactions should be kept separate from the personal transaction of the owner Qualitative characteristics of financial information - ANSWER Two fundamental concepts 1. Relevance [Assists users in evaluating past and predicting future events + Materiality] 2. Faithful Representatio...

ICAEW ACA Accounting Accounting - correct answer A way of recording, analyzing and summarizing transactions of an entity. Statement of Profit and Loss - correct answer It reflects the performance of a business over a period of time. Statement of Financial Position - correct answer It reflects the position of a business at a point in time. Users of Accounting - correct answer Any organization/business/individual who needs to keep track of their income, expenses, assets and liabiliti...

Icaew Aca Accounting With Complete Solutions 2024

Icaew law chapter 7 Question and answers 100% correct 2024 Share - correct answer A member’s stake in a company's share capital Name the two most common types of shares - correct answer Preference shares and ordinary shares Describe a share - correct answer A transferable form of personal property, carrying rights and obligations, by which the interest of a member of a company limited by shares is measured. Shareholder - correct answer A member of a company who holds one or more ...

ACA ICAEW ACCOUNTING Exam Questions With Correct Answers Latest 2024/2025. ACA ICAEW ACCOUNTING Exam Questions With Correct Answers Latest 2024/2025.