【单选题】The carrying amount of a company's non-current assets was $200,000 at 1 August 20X0. During the year ended 31 July 20X1, the company sold non-current assets for $25,000 on which it made a loss of $5,0...
【单选题】At 1 January 20X4, Tartar Co had total receivables of $380,000. A specific allowance of $20,000 had been made for a business customer, Drab. The general allowance for receivables was 2.5%. During t...
【单选题】The carrying value of a company's non-current assets was $200,000 at 1 August 20X0. During the year ended 31 July 20X1, the company sold non-current assets for $25,000 on which it made a loss of $5,00...
【简答题】The carrying amount of a company's non-current assets was $200,000 at 1 August 20X0. During theyear ended 31 July 20X1, the company sold non-current assets for $25,000 on which it made a loss of$5,000...
【单选题】Doggard Co is a business that sells second hand cars. If a car develops a fault within 30 days of the sale, Doggard Co will repair it free of charge.At 30 April 20X4 Doggard Co had made a provision fo...
A.
A charge of $500
B.
A credit of $500
C.
A charge of $2,000
D.
Doggard Co needs to reduce the provision by $500 ie a credit to the statement of profit or loss.