{"product_id":"accounting-as-level-mcqs-paper-1-topical-yearly","title":"111 Accounting AS-Level MCQ's Paper-1 Topical Worked Solutions","description":"\u003cp\u003e\u003c\/p\u003e\u003ch2\u003e111 Accounting AS-Level MCQ's Paper-1 Topical Worked Solutions\u003c\/h2\u003e\u003cbr\u003e\u003cul\u003e\n\u003cbr\u003e \t\u003cli\u003eAll Variants\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eSolved with explanation of all choices A,B,C \u0026amp; D\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eQuestions order from new to old\u003c\/li\u003e\n\u003cbr\u003e \t\u003cli\u003eEach chapter has been classified into subtopics\u003c\/li\u003e\n\u003cbr\u003e\n\u003c\/ul\u003e\u003cbr\u003e\u003cstrong\u003eTABLE OF CONTENTS\u003c\/strong\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 1 BANK RECONCILIATION STATEMENTS\u003c\/strong\u003e\u003cbr\u003e1.1: CALCULATION OF ADJUSTED CASHBOOK BALANCE\u003cbr\u003e1.2: CALCULATION OF BANK STATEMENT BALANCE\u003cbr\u003e1.3: CALCULATION OF OTHER MISSING ITEMS\u003cbr\u003e1.4: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 2 IRRECOVERABLE DEBTS \u0026amp; DOUBTFUL DEBTS\u003cbr\u003e\u003c\/strong\u003e2.1: IRRECOVERABLE DEBTS \u0026amp; IRRECOVERABLE DEBTS RECOVERED\u003cbr\u003e2.2: ALLOWANCE FOR IRRECOVERABLE DEBTS\u003cbr\u003e2.3: IRRECOVERABLE \u0026amp; ALLOWANCE FOR IRRECOVERABLE DEBTS\u003cbr\u003e2.4: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 3 ACCOUNTING FOR NON-CURRENT ASSETS\u003c\/strong\u003e\u003cbr\u003e3.1: DEPRECIATION THEORY\u003cbr\u003e3.2: STRAIGHT LINE METHOD\u003cbr\u003e3.3: REDUCING BALANCE METHOD\u003cbr\u003e3.4: DISPOSAL OF ASSETS\u003cbr\u003e3.5: REVALUATION METHOD\u003cbr\u003e3.6: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 4 ACCOUNTING CONCEPTS\u003c\/strong\u003e\u003cbr\u003e4.1: ENTITY AND CONSISTENCY\u003cbr\u003e4.2: PRUDENCE AND MATERIALITY\u003cbr\u003e4.3: MATCHING AND ACCRUAL AND REALISATION\u003cbr\u003e4.4: SUBSTANCE OVER FROM AND MONEY MEASUREMENT\u003cbr\u003e4.5: GOING CONCERN \u0026amp; HISTORICAL COST\u003cbr\u003e4.6: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 5 SOLE TRADER\u003c\/strong\u003e\u003cbr\u003e5.1: DOUBLE ENTRY\u003cbr\u003e5.2: PREPAYMENT \u0026amp; ACCRUALS\u003cbr\u003e5.3: STATEMENTS OF PROFIT OR LOSS\u003cbr\u003e5.4: STATEMENT OF FINANCIAL POSITION\u003cbr\u003e5.5: LOWER OF COST AND NET REALISBALE VALUE\u003cbr\u003e5.6: TRADE AND CASH DISCOUNTS\u003cbr\u003e5.7: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 6 PARTNERSHIPS\u003c\/strong\u003e\u003cbr\u003e6.1: PARTNERSHIP STATEMENTS OF PROFIT OR LOSS \u0026amp; APPROPRIATION ACCOUNT\u003cbr\u003e6.2: PARTNERSHIP CURRENT AND CAPITAL ACCOUNTS\u003cbr\u003e6.3: DOUBLE ENTRY IN PARTNERSHIP ACCOUNTS\u003cbr\u003e6.4: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eCHAPTER 7 CAPITAL AND REVENUE\u003cbr\u003e\u003c\/strong\u003e7.1: CAPITAL EXPENDITURES\u003cbr\u003e7.2: REVENUE EXPENDITURES\u003cbr\u003e7.3: CAPITAL AND REVENUE RECEIPTS\u003cbr\u003e7.4: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eCHAPTER 8 CORRECTION OF ERRORS \u003c\/strong\u003e\u003cbr\u003e8.1: ERRORS NOT AFFECTING AGREEMENT OF TRAIL BALANCE\u003cbr\u003e8.2: ERRORS AFFECTING AGREEMENT OF TRAIL BALANCE\u003cbr\u003e8.3: MISTAKES IN TRAIL BALANCE\u003cbr\u003e8.4: SUSPENSE ACCOUNT\u003cbr\u003e8.5: CALCULATION OF CORRECT PROFIT\u003cbr\u003e8.6: EFFECTS OF ERRORS ON PROFIT\u003cbr\u003e8.7: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eCHAPTER 9 CONTROL ACCOUNTS\u003c\/strong\u003e\u003cbr\u003e9.1: SALES LEDGER CONTROL ACCOUNT\u003cbr\u003e9.2: PURCHASE LEDGER CONTROL ACCOUNT\u003cbr\u003e9.3: CORRECTIONS IN SALES LEDGER CONTROL ACCOUNT\u003cbr\u003e9.4: CORRECTIONS IN PURCHASE LEDGER CONTROL ACCOUNT\u003cbr\u003e9.5: CONTROL ACCOUNT BALANCES FOR STATEMENT OF FINANCIAL POSITION\u003cbr\u003e9.6: BOOKS OF ORIGINAL ENTRY\u003cbr\u003e9.7: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eCHAPTER 10 ACCOUNTS FROM INCOMPLETE RECORDS\u003c\/strong\u003e\u003cbr\u003e10.1: CALCULATIONS OF SALES\u003cbr\u003e10.2: CALCULATIONS OF PURCHASES\u003cbr\u003e10.3: MARK-UP AND MARGIN\u003cbr\u003e10.4: PREPAYMENTS \u0026amp; ACCRUALS\u003cbr\u003e10.5: CALCULATE PROFIT THROUGH STATEMENT OF FINANCIAL POSITION\u003cbr\u003e10.6: CALCULATIONS OF INVENTORY\u003cbr\u003e10.7: CALCULATIONS OF INVENTORY LOSSES\u003cbr\u003e10.8: CALCULATIONS OF DEPRECIATION\u003cbr\u003e10.9: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 11 LIMITED COMAPNIES - SHARES AND DEBENTURES\u003c\/strong\u003e\u003cbr\u003e11.1: SHARES AND DEBENTURES-AN INTRODUCTION\u003cbr\u003e11.2: CAPITAL AND REVENUE RESERVES\u003cbr\u003e11.3: RIGHT AND PUBLIC ISSUE\u003cbr\u003e11.4: BONUS ISSUE\u003cbr\u003e11.5: RIGHTS AND BONUS ISSUE COMBINED\u003cbr\u003e11.6: ISSUE OF SHARES AND DEBENTURES COMBINES\u003cbr\u003e11.7: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 12 LIMITED COMPANIES - FINANCIAL STATEMENTS\u003cbr\u003e\u003c\/strong\u003e12.1: STATEMENT OF PROFIT OR LOSS FOR COMPANIES\u003cbr\u003e12.2: REVALUATION OF ASSETS\u003cbr\u003e12.3: CALCULATION OF DIVIDENDS\u003cbr\u003e12.4: CALCULATION OF RETAINED PROFITS\u003cbr\u003e12.5: STATEMENT OF CHANGES IN EQUITY\u003cbr\u003e12.6: STATEMENT OF FINANCIAL POSITION\u003cbr\u003e12.7: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003cbr\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 13 ACCOUNTING \u003c\/strong\u003e\u003cstrong\u003eRATIOS\u003c\/strong\u003e\u003cbr\u003e13.1: EXPENSES AND PROFIT RATIOS-CALCULATION\u003cbr\u003e13.2: EXPENSES AND PROFIT RATIOS-INTERPRETATION\u003cbr\u003e13.3: RETURN ON CAPITAL EMPLOYED-CALCULATION\u003cbr\u003e13.4: RETURN ON CAPITAL EMPLOYED-INTERPRETATION\u003cbr\u003e13.5: INVENTORY TURNOVER RATIO-CALCULATION\u003cbr\u003e13.6: INVENTORY TURNOVER RATIO-INTERPRETATION\u003cbr\u003e13.7: RECEIVABLES \u0026amp; PAYABLES PAYMENT PERIOD-CALCULATION\u003cbr\u003e13.8: RECEIVABLES \u0026amp; PAYABLES PAYMENT PERIOD-INTERPRETATION\u003cbr\u003e13.9: LIQUIDITY RATIOS-CALCULATION\u003cbr\u003e13.10: LIQUIDITY RATIOS-INTERPRETATION\u003cbr\u003e13.11: NON CURRENT ASSETS TURNOVER RATIO-CALCULATION\u003cbr\u003e13.12: NON CURRENT ASSETS TURNOVER RATIO-INTERPRETATION\u003cbr\u003e13.13: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e \u003cstrong\u003e\u003cbr\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 14 COMPUTERISED ACCOUNTING SYSTEM\u003c\/strong\u003e\u003cbr\u003e14.1: COMPUTERISED ACCOUNTING SYSTEM - ADVANTAGES\u003cbr\u003e14.2: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 15 COST ACCOUNTING - AN INTRODUCTION\u003c\/strong\u003e\u003cbr\u003e15.1: FIXED COSTS\u003cbr\u003e15.2: VARIABLE COST\u003cbr\u003e15.3: SEMI VARIABLE COST\u003cbr\u003e15.4: DIRECT AND INDIRECT COSTS\u003cbr\u003e15.5: SUNK AND STEPPED COSTS\u003cbr\u003e15.6: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eCHAPTER 16 MATERIAL \u0026amp; LABOUR COSTING\u003c\/strong\u003e\u003cbr\u003e16.1: BASIC PAY\u003cbr\u003e16.2: BONUSES\u003cbr\u003e16.3: OVERTIME\u003cbr\u003e16.4: BONUSES \u0026amp; OVERTIME\u003cbr\u003e16.5: FIRST IN FIRST OUT (FIFO)\u003cbr\u003e16.6: AVERAGE COST METHOD (AVCO)\u003cbr\u003e16.7: JUST IN TIME INVENTORY\u003cbr\u003e16.8: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 17 ABSORPTION COSTING\u003c\/strong\u003e\u003cbr\u003e17.1: APPORTIONMENT \u0026amp; ALLOTMENT OF OVERHEADS\u003cbr\u003e17.2: CALCULATION OF OVERHEAD ABSORPTION RATE\u003cbr\u003e17.3: CALCULATION OF PER UNIT COST AND SELLING PRICE\u003cbr\u003e17.4: CALCULATION OF UNDER (OVER) ABSORPTION OF OVERHEADS\u003cbr\u003e17.5: ABSORPTION COSTING-THEORY\u003cbr\u003e17.6: JOB AND BATCH COSTING-CALCULATIONS\u003cbr\u003e17.7: JOB AND BATCH COSTING- THEORY\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003cbr\u003eCHAPTER 18 MARGINAL COSTING - BREAK-EVEN\u003c\/strong\u003e\u003cbr\u003e18.1: CONTRIBUTION AND CONTRIBUTION RATIO\u003cbr\u003e18.2: BREAK-EVEN\u003cbr\u003e18.3: MARGIN OF SAFETY\u003cbr\u003e18.4: BREAK-EVEN AND PROFIT VOLUME CHART\u003cbr\u003e18.5: COST-VOLUME-PROFIT ANALYSIS\u003cbr\u003e18.6: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 19 MARGINAL COSTING \u0026amp; DECISION MAKING\u003c\/strong\u003e\u003cbr\u003e19.1: CALCULATIONS OF TOTAL COSTS \u0026amp; PROFITS\u003cbr\u003e19.2: HIGH-LOW METHOD\u003cbr\u003e19.3: CLOSURE OF LOSS MAKING DEPARTMENT\u003cbr\u003e19.4: MAKE OR BUY DECISION\u003cbr\u003e19.5: ACCEPTANCE OF ORDERS BELOW NORMAL PRICE\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e \u003cstrong\u003e\u003cbr\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 20 LIMITING FACTORS IN MARGINAL COSTING  \u003c\/strong\u003e\u003cbr\u003e20.1: IDENTIFICATION OF LIMITING FACTOR\u003cbr\u003e20.2: PRODUCTION RANKING\u003cbr\u003e20.3: OPTIMUM PRODUCTION PLAN\u003cbr\u003e20.4: CALCULATION OF PROFIT\u003cbr\u003e\u003cstrong\u003eANSWER SECTION\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCHAPTER 21 MARGINAL \u0026amp; ABSORPTION PROFIT STATEMENTS\u003cbr\u003e\u003c\/strong\u003e21.1: CALCULATION OF COSTS AND INVENTORIES\u003cbr\u003e21.2: CALCULATION OF PROFITS\u003cbr\u003e21.3:RECONCILIATION OF PROFITS\u003cbr\u003e21.4: MULTIPLE TOPICS\u003cbr\u003e\u003cstrong\u003eANSWERS SECTION\u003c\/strong\u003e \u003cstrong\u003e\u003cbr\u003e\u003c\/strong\u003e\u003c\/p\u003e","brand":"Read \u0026 Write","offers":[{"title":"Default Title","offer_id":47408476979445,"sku":"SKU-9","price":2400.0,"currency_code":"PKR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0780\/4233\/3429\/files\/111_9149d109-81fe-4eb1-aa18-3b6353fe2862.jpg?v=1772871841","url":"https:\/\/readnwrite.org\/products\/accounting-as-level-mcqs-paper-1-topical-yearly","provider":"Read and Write Publications","version":"1.0","type":"link"}