Company – NBC Institute

FA – Nov 2012 – L1 – SA – Q14 – Elements of Financial Statements

Identifying the definition of a company's net worth.

Question

Which of the following defines the net worth of a company?

A. Equity interest
B. Non-current assets less current assets
C. Non-current assets and current liabilities
D. Changes in the loan notes
E. Non-current assets and intangible assets

Answer

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Tags: Company, Equity, Net Worth
Level: Level 1

Topic: Elements of Financial Statements
Series: NOV 2012

FA – Nov 2012 – L1 – SA – Q13 – Financial Statements Preparation

Determining the correct statement about limited liability company accounts.

Question

Which of the following statements is correct about the accounts of limited liability companies?

A. Revaluation surplus on a non-current asset arising from disposal of the asset at a profit
B. Events after the reporting period require that non-adjusting events should be disclosed in the notes to the financial statements
C. The authorised share capital consists of a company’s nominal capital value of shares and loan notes raised by the company
D. Revaluation surplus on investment properties is debited to Income Statement
E. Income is not an element of financial statements

Answer

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Tags: Accounts, Company, Revaluation, Share Capital
Level: Level 1

Topic: Financial Statements Preparation
Series: NOV 2012

BL – May 2015 – L1 – SB – Q2a – Company Law | Partnership Law

Explain three key differences between a partnership and a company.

Question

A partnership and a company are similar in some respects, but they are different in many ways.
Required:
Explain any THREE differences between a partnership and a company. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business organization, Company, Differences, Partnership
Level: Level 1

Topic: Company Law, Partnership Law
Series: MAY 2015

PT – Mar 2024 – L2 – Q3b – Income Tax Liabilities

State the basis periods for a sole proprietorship, company, trust, and partner in a partnership.

Question

State the Basis Periods for the following persons as provided in the Income Tax Act, 2015 (Act 896):

i) A sole proprietorship
ii) A company
iii) A trust
iv) A partner of a partnership

Answer

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Tags: Basis Period, Company, Income Tax Act, Partnership, Sole Proprietorship, Trust
Level: Level 2

Topic: Income Tax Liabilities
Series: MAR 2024

FA – Nov 2012 – L1 – SA – Q14 – Elements of Financial Statements

Identifying the definition of a company's net worth.

Question

Which of the following defines the net worth of a company?

A. Equity interest
B. Non-current assets less current assets
C. Non-current assets and current liabilities
D. Changes in the loan notes
E. Non-current assets and intangible assets

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company, Equity, Net Worth
Level: Level 1

Topic: Elements of Financial Statements
Series: NOV 2012

FA – Nov 2012 – L1 – SA – Q13 – Financial Statements Preparation

Determining the correct statement about limited liability company accounts.

Question

Which of the following statements is correct about the accounts of limited liability companies?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounts, Company, Revaluation, Share Capital
Level: Level 1

Topic: Financial Statements Preparation
Series: NOV 2012

BL – May 2015 – L1 – SB – Q2a – Company Law | Partnership Law

Explain three key differences between a partnership and a company.

Question

A partnership and a company are similar in some respects, but they are different in many ways.
Required:
Explain any THREE differences between a partnership and a company. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business organization, Company, Differences, Partnership
Level: Level 1

Topic: Company Law, Partnership Law
Series: MAY 2015

PT – Mar 2024 – L2 – Q3b – Income Tax Liabilities

State the basis periods for a sole proprietorship, company, trust, and partner in a partnership.

Question

State the Basis Periods for the following persons as provided in the Income Tax Act, 2015 (Act 896):

i) A sole proprietorship
ii) A company
iii) A trust
iv) A partner of a partnership

Answer

Find Related Questions by Tags, levels, etc.

Tags: Basis Period, Company, Income Tax Act, Partnership, Sole Proprietorship, Trust
Level: Level 2

Topic: Income Tax Liabilities
Series: MAR 2024

Question Tag: Company

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FA – Nov 2012 – L1 – SA – Q14 – Elements of Financial Statements

Identifying the definition of a company's net worth.

FA – Nov 2012 – L1 – SA – Q13 – Financial Statements Preparation

Determining the correct statement about limited liability company accounts.

BL – May 2015 – L1 – SB – Q2a – Company Law | Partnership Law

Explain three key differences between a partnership and a company.

PT – Mar 2024 – L2 – Q3b – Income Tax Liabilities

State the basis periods for a sole proprietorship, company, trust, and partner in a partnership.

FA – Nov 2012 – L1 – SA – Q14 – Elements of Financial Statements

Identifying the definition of a company's net worth.

FA – Nov 2012 – L1 – SA – Q13 – Financial Statements Preparation

Determining the correct statement about limited liability company accounts.

BL – May 2015 – L1 – SB – Q2a – Company Law | Partnership Law

Explain three key differences between a partnership and a company.

PT – Mar 2024 – L2 – Q3b – Income Tax Liabilities

State the basis periods for a sole proprietorship, company, trust, and partner in a partnership.

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FA – Nov 2012 – L1 – SA – Q14 – Elements of Financial Statements

Identifying the definition of a company's net worth.

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FA – Nov 2012 – L1 – SA – Q13 – Financial Statements Preparation

Determining the correct statement about limited liability company accounts.

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BL – May 2015 – L1 – SB – Q2a – Company Law | Partnership Law

Explain three key differences between a partnership and a company.

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PT – Mar 2024 – L2 – Q3b – Income Tax Liabilities

State the basis periods for a sole proprietorship, company, trust, and partner in a partnership.

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FA – Nov 2012 – L1 – SA – Q14 – Elements of Financial Statements

Identifying the definition of a company's net worth.

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FA – Nov 2012 – L1 – SA – Q13 – Financial Statements Preparation

Determining the correct statement about limited liability company accounts.

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BL – May 2015 – L1 – SB – Q2a – Company Law | Partnership Law

Explain three key differences between a partnership and a company.

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PT – Mar 2024 – L2 – Q3b – Income Tax Liabilities

State the basis periods for a sole proprietorship, company, trust, and partner in a partnership.

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