KASNEB Financial accounting - Question 1a

Income statement for the year ended 30 June 2015. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 1b

Statement of financial position as at 30 June 2015... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 2a

(i) Adjusted cash book as at 31 October 2015(ii) Bank reconciliation statement as at 31 October 2015 ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3a

Bar income statement for the year ended 30 September 2015. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3b

Income and expenditure account for the year ended 30 September 2015 ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3c

Statement of financial position as at 30 September 2015 ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 4a

Outline five contents of a partnership deed. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 5a

Distinguish between 'prime costs' and 'indirect costs' in the context of manufacturing accounts. ... [Click to view full question and step-by-step solution]

November 2015

Q: KASNEB Financial accounting - Question 2b

(1) Journal entries with narrations to correct the errors.(ii) Suspense account showing the original difference. ... [Click to view full question and step-by-step solution]

Unit: Financial accounting

12 Questions

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Questions

Financial Statements of a sole trader

Income statement for the year ended 30 June 2015.

Financial Statements of a sole trader

Statement of financial position as at 30 June 2015

Financial Statements of a company

(i) Adjusted cash book as at 31 October 2015
(ii) Bank reconciliation statement as at 31 October 2015

Correction of errors and preparing financial statements with incomplete records

(1) Journal entries with narrations to correct the errors.
(ii) Suspense account showing the original difference.

Statements of a not-for-profit entity

Bar income statement for the year ended 30 September 2015.

Statements of a not-for-profit entity

Income and expenditure account for the year ended 30 September 2015

Statements of a not-for-profit entity

Statement of financial position as at 30 September 2015

Financial Statements of a partnership

Outline five contents of a partnership deed.

Financial Statements of a company

Statement of cash flow in accordance with International Accounting Standard (IAS) 7 'Statement of Cash Flows" for the year ended 30 June 2015.

Financial Statements of a manufacturing entity

Distinguish between "prime costs" and "indirect costs" in the context of manufacturing accounts.

Financial Statements of a company

(i) Explain three rights of preference shareholders over ordinary shareholders.
(ii) State four ways in which a company might utilise its share premium.

Regulation and other principles guiding the accounting profession

Explain the following concepts used in the preparation of financial statements

(i) Relevance.

(ii) Reliability

(iii) Faithful representation.

(iv) Neutrality.

(v) Completeness.

(vi) Comparability.

November 2015

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