ACC1001 - ACF1001 - Accounting fundamentals - S1 2025
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In which section of the statement of cash flows would the owner drawings be included?
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Which of the following would not be classified as a cash flow from investing activities?
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In the current accounting period, sales (calculated on an accrual basis) are $80 000 and the cash received from sales is $105 000, therefore:
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Which of the following items would not appear in a statement of cash flows?
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Which of the following items would be classified as financing activities in a statement of cash flows?
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Which of the following balance sheet items is affected by the choice of measurement method?
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Which of the following statement is incorrect?
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When a specific amount within the accounts receivable is identified as uncollectible and written off, what is the effect on the allowance for doubtful debts?
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Other factors remains constant, what is the effect on the entity’s profit when the allowance for doubtful debts is increased?
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Which of the following statements about gross profit is not true?
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