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RED SAGSkills

Medium Accountant questions

34 questions · 10 points each for a correct first answer.

easymediumhard
  1. 1.Closing inventory under FIFOmedium
  2. 2.Cost of sales with weighted averagemedium
  3. 3.Working out the bank statement balancemedium
  4. 4.Book value under the WDV methodmedium
  5. 5.GST payable after input tax creditmedium
  6. 6.Calculating the quick ratiomedium
  7. 7.When to record service revenuemedium
  8. 8.Tax on a sale to another statemedium
  9. 9.Repairs posted to an asset accountmedium
  10. 10.An undercast sales day bookmedium
  11. 11.Depreciation by machine hoursmedium
  12. 12.Profit or loss on selling a machinemedium
  13. 13.Cost of goods sold with carriage inwardsmedium
  14. 14.Mark-up versus marginmedium
  15. 15.Interest accrued on a fixed depositmedium
  16. 16.Calculating debtor daysmedium
  17. 17.Inventory turnovermedium
  18. 18.Debt to equity ratiomedium
  19. 19.Operating cash flow, indirect methodmedium
  20. 20.Lower of cost and NRVmedium
  21. 21.GST under reverse chargemedium
  22. 22.ITC on a staff partymedium
  23. 23.What the IRN is in e-invoicingmedium
  24. 24.Supplier invoice missing from GSTR-2Bmedium
  25. 25.Using IGST credit against CGST and SGSTmedium
  26. 26.Customer pays after deducting TDSmedium
  27. 27.Effect of a reversing accrualmedium
  28. 28.Rent paid for 18 monthsmedium
  29. 29.Direct deposit on the bank statementmedium
  30. 30.A lawsuit that may be lostmedium
  31. 31.Sizing a warranty provisionmedium
  32. 32.Restating a USD payablemedium
  33. 33.Using a receivables ageing reportmedium
  34. 34.Three-way match in payablesmedium