Loss – NBC Institute

FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation

Determining the outcome when opening capital is higher than closing capital.

Question

If the opening capital is higher than the closing capital, the business has made:

A. Profit during the year
B. Profit during the year before changes in equity
C. Loss during the year after adjustment for non-current assets
D. Loss during the year before adjustment for drawings
E. Profit during the year without adjustment for drawings

Answer

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Tags: Capital, Financial Statements, Loss, Profit
Level: Level 1

Topic: Financial Statements Preparation
Series: NOV 2012

MI – May 2021 – L1 – SA – Q7 – Costing Methods

Identify the correct definition of abnormal gain in costing.

Question

Abnormal gain is calculated as:

A. Unexpected profit from price increase due to sudden jump in demand
B. Profit from sale of fixed assets
C. Normal loss minus actual loss
D. Donations and subventions received unexpectedly
E. Profit realised outside the normal course of business

Answer

Find Related Questions by Tags, levels, etc.

Tags: Abnormal Gain, Costing, Loss, Process Costing
Level: Level 1

Topic: Costing Methods
Series: MAY 2021

FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation

Determining the outcome when opening capital is higher than closing capital.

Question

If the opening capital is higher than the closing capital, the business has made:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital, Financial Statements, Loss, Profit
Level: Level 1

Topic: Financial Statements Preparation
Series: NOV 2012

MI – May 2021 – L1 – SA – Q7 – Costing Methods

Identify the correct definition of abnormal gain in costing.

Question

Abnormal gain is calculated as:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Abnormal Gain, Costing, Loss, Process Costing
Level: Level 1

Topic: Costing Methods
Series: MAY 2021

Question Tag: Loss

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FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation

Determining the outcome when opening capital is higher than closing capital.

MI – May 2021 – L1 – SA – Q7 – Costing Methods

Identify the correct definition of abnormal gain in costing.

FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation

Determining the outcome when opening capital is higher than closing capital.

MI – May 2021 – L1 – SA – Q7 – Costing Methods

Identify the correct definition of abnormal gain in costing.

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Question Tag: Loss

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FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation

Determining the outcome when opening capital is higher than closing capital.

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MI – May 2021 – L1 – SA – Q7 – Costing Methods

Identify the correct definition of abnormal gain in costing.

You're reporting an error for "MI – May 2021 – L1 – SA – Q7 – Costing Methods"

FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation

Determining the outcome when opening capital is higher than closing capital.

You're reporting an error for "FA – Nov 2012 – L1 – SA – Q15 – Financial Statements Preparation"

MI – May 2021 – L1 – SA – Q7 – Costing Methods

Identify the correct definition of abnormal gain in costing.

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