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Analyzing Changes in Financial Position. SECTION 3.1 REVIEW QUESTIONS (page 59) A business transaction is a fi nancial event that causes a change in fi nancial position. Answers will vary. An example of a transaction could be a new offi ce desk that is purchased. and paid for in cash. Answers will vary.
Cambridge IGCSE and O Level Accounting Workbook answers Section 1 (Chapters 1–5 of the Coursebook) Multiple choice questions 1 D 9 2 B 10 C 3 C 11 C 4 D 12 D 5 C 13 B 6 A 14 D 7 B 15 C 8 C D Structured questions 1 2 Book-keeping is the detailed recording of all the financial transactions of a business. Accounting uses the book-keeping records ...
Student Answer Keys. (See related pages) Click the links below to view the Student Answer Keys in Microsoft Word format. Answer Key - Chapter 01 (23.0K) Answer Key - Chapter 02 (20.0K) Answer Key - Chapter 03 (44.0K)
Depreciation is an application of the principle of prudence as it ensures that the non-current assets are recorded as more realistic values and are not overstated. b The same method of depreciation should be used each year for the same type of asset in order to apply the principle of consistency. © Cambridge University Press 2018 16 ...
Answers to in-chapter questions; Answers to end of chapter questions; Answers to in-chapter questions. Chapter 1 (pdf) Chapter 2 (pdf) Chapter 3 (pdf) Chapter 4 (pdf) Chapter 5 (pdf) Chapter 6 (pdf) Chapter 7 (pdf) Chapter 8 (pdf) Chapter 9 (pdf) Chapter 10 (pdf) Chapter 11 (pdf) Chapter 12 (pdf) Chapter 13 (pdf) Chapter 14 (pdf)
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