Past Year Questions Flashcards
1
Q
Differences between accounting profit and taxable profit.
A
Deferral Method Table
2
Q
Differentiate Deferred Tax Liabities & Deferred Tax Assets
A
DEFINE BOTH OF THEM
3
Q
2 conditions in which PPE is DERECOGNIZED
A
on disposal,
when no future economic benefits are expected from its use or disposal.
4
Q
RECORDING SYSTEMS for Inventories
A
Perpetual
Periodic
5
Q
Scope of Financial Framework
A
list 4
6
Q
Cost of Purchase
A
Inventory
7
Q
Cost of Conversion
A
Inventory
8
Q
Other Costs
A
Inventory
9
Q
Factors that limit the useful life of an asset
A
explain 4
