November 2019 diet: the questions by course

Management Accounting November 2019 · 3 questions

• Objective 4: From the previous syllabus. Defines labour turnover as the ratio of leavers to the number on the payroll and asks which cost does not arise from la...
• Theory 2: Process Alpha question: calculate the abnormal gain or loss in kg (3 marks), the equivalent units of output with closing work-in-progress, and the ...
• Theory 3: Part (a) gives a soap factory with two production cost centres and a service cost centre and asks for the overhead to be apportioned and reapportio...

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Financial Accounting November 2019 · 13 questions

• Objective 1: From the previous syllabus. Question 1 asks which document a supplier sends when an invoice was understated. Question 12 asks which item is not a b...
• Objective 2: From the previous syllabus. Both ask in which record or book a trade discount is recorded.
• Objective 4: From the previous syllabus. Asks which change in method does not give rise to a change in accounting policy. The answer is the change in depreciati...
• Objective 5: From the previous syllabus. Asks the order of the three activity groups, which item may not be classified as investing, and which information a sta...
• Objective 9: From the previous syllabus. Asks for current assets and for working capital from given figures.
• Objective 13: From the previous syllabus. Asks which mistake could explain a trial balance in which the debit side exceeds the credit side by ₦30,000.
• Objective 16: From the previous syllabus. Asks what the excess of expenditure over income is called, where the excess of income over expenditure is added, what r...
• Objective 19: From the previous syllabus. Gives partners’ capital contributions, a profit-sharing ratio after salaries and interest on capital, or equal sharing ...
• Theory 1: From the previous syllabus. Asks you to explain the term trial balance (2 marks), to set out four errors that do not affect it and four that do in ...
• Theory 2: From the previous syllabus. Asks for the requirements of IAS 16 on initial recognition (3 marks), the treatment of later spending (3 marks) and a c...
• Theory 3: From the previous syllabus. Asks you to explain the difference between a bank statement and a bank reconciliation statement (2 marks), then to prep...
• Theory 5: From the previous syllabus. Asks for the sharing of profit where a partner receives commission, a salary and interest on fixed capital, and, in the...
• Theory 6: From the previous syllabus. Asks for the double entries for six disposal events, including sale on credit and sale to staff (7 marks), then the pla...

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