Theory
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Q1. An 'Adverse Variance' occurs when... *
10 points
Q2. What is the purpose of a Cash Flow Statement? *
10 points
Q3. In a Club, what is a 'Special Purpose' Profit & Loss Account? *
10 points
Q4. What is a 'Compensating Error'? *
10 points
Q5. What does 'IASB' stand for? *
10 points
Q6. Prudence and Consistency are examples of... *
10 points
Q7. An 'accrual' is... *
10 points
Q8. A Private Limited Company is identified using the letters... *
10 points
Q9. In Farm Accounts, an 'EU Subsidy for Sheep' is recorded as... *
10 points
Q10. A business that has borrowed €20,000 of it's €100,000 start-up capital, would be said to have... *
10 points
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