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ACA – Assurance Exam Questions and Answers 100% Pass
ACA – Assurance Exam Questions and 
Answers 100% Pass 
What are the five elements of an assurnace engagement? - Answer- Criteria, Report, 
Evidence, Subject matter, Thrid Patry Relationship 
Who is a practitioner? - Answer- The person or party carrying out the assurance 
engagement. 
What are the two types of assurnace engagement identified under the international 
framework for assurnace engagement? - Answer- 1. Resaonable Assurance 
2. Limited Assurance 
What constitues a reasonable assuranc...
- Exam (elaborations)
- • 23 pages •
ACA – Assurance Exam Questions and 
Answers 100% Pass 
What are the five elements of an assurnace engagement? - Answer- Criteria, Report, 
Evidence, Subject matter, Thrid Patry Relationship 
Who is a practitioner? - Answer- The person or party carrying out the assurance 
engagement. 
What are the two types of assurnace engagement identified under the international 
framework for assurnace engagement? - Answer- 1. Resaonable Assurance 
2. Limited Assurance 
What constitues a reasonable assuranc...
ACA Accounting Exam Questions and Answers 100% Verified and Updated
ACA Accounting Exam Questions and 
Answers 100% Verified and Updated 
Which of the following would require adjustments to the cash at cash account in a bank 
reconciliation? 
1. Bank charges 
2. Unpresented cheques 
3. Returned cheques 
4. Uncleared lodgements 
Bank charges and returned cheques 
Unpresented cheques and uncleared lodgements are just timing differences 
What is the double entry for VAT (purchases)? 
D/R Purchases (Net) 
D/R VAT 
C/R Trade Payables (Gross) 
What is the double entry...
- Exam (elaborations)
- • 34 pages •
ACA Accounting Exam Questions and 
Answers 100% Verified and Updated 
Which of the following would require adjustments to the cash at cash account in a bank 
reconciliation? 
1. Bank charges 
2. Unpresented cheques 
3. Returned cheques 
4. Uncleared lodgements 
Bank charges and returned cheques 
Unpresented cheques and uncleared lodgements are just timing differences 
What is the double entry for VAT (purchases)? 
D/R Purchases (Net) 
D/R VAT 
C/R Trade Payables (Gross) 
What is the double entry...
ACA Final Exam Questions and Answers 100% Pass
ACA Final Exam Questions and Answers 100% Pass 
At the end of this course, you must do which of the following? 
Pass the final course exam with a scored of 70% or higher 
Print your certificate from this website 
Apply for your Insurance Adjuster license at the Florida Department of Financial 
Services website at 
All of the above - Answer- All of the above 
Which of the following is NOT one of the duties of the Department of Financial 
Services? 
License adjusters 
Set rates and write policies ...
- Exam (elaborations)
- • 18 pages •
ACA Final Exam Questions and Answers 100% Pass 
At the end of this course, you must do which of the following? 
Pass the final course exam with a scored of 70% or higher 
Print your certificate from this website 
Apply for your Insurance Adjuster license at the Florida Department of Financial 
Services website at 
All of the above - Answer- All of the above 
Which of the following is NOT one of the duties of the Department of Financial 
Services? 
License adjusters 
Set rates and write policies ...
ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS
ACA [ICAEW] – ACCOUNTING EXAM 
QUESTIONS AND ANSWERS 
Books of Original Entry - Answer- 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - Answer- SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - Answer- Income and expenses over a period of time 
The Business entity concept - Answer- Business transac...
- Exam (elaborations)
- • 8 pages •
ACA [ICAEW] – ACCOUNTING EXAM 
QUESTIONS AND ANSWERS 
Books of Original Entry - Answer- 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - Answer- SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - Answer- Income and expenses over a period of time 
The Business entity concept - Answer- Business transac...
ICAEW ACA Accounting Exam Questions and Answers 100% Pass
ICAEW ACA Accounting Exam Questions and 
Answers 100% Pass 
Accounting - Answer- A way of recording, analysing and summarising transactions of 
an entity. 
Statement of Profit and Loss - Answer- It reflects the performance of a business over a 
period of time. 
Statement of Financial Position - Answer- It reflects the position of a business at a point 
in time. 
Users of Accounting - Answer- Any organisation/business/individual who needs to keep 
track of their income, expenses, assets and liabi...
- Package deal
- Exam (elaborations)
- • 10 pages •
ICAEW ACA Accounting Exam Questions and 
Answers 100% Pass 
Accounting - Answer- A way of recording, analysing and summarising transactions of 
an entity. 
Statement of Profit and Loss - Answer- It reflects the performance of a business over a 
period of time. 
Statement of Financial Position - Answer- It reflects the position of a business at a point 
in time. 
Users of Accounting - Answer- Any organisation/business/individual who needs to keep 
track of their income, expenses, assets and liabi...
Double Entries (ACA Accounting) Exam Questions and Answers 100% Pass
Double Entries (ACA Accounting) Exam 
Questions and Answers 100% Pass 
Purchases - Answer- Dr expenses 
Cr cash/payables 
Sales - Answer- Dr receivables 
Cr sales 
= income 
Sales return - Answer- Dr sales 
Cr receivables/cash 
Purchases return - Answer- Cr payables/cash 
Dr purchases 
Purchase 
expect discount -> not taken - Answer- 1. Dr purchases (% off) 
Cr payables (% off) 
2. Dr payables (% off) 
Cr cash (total) 
Dr purchases (difference) 
Purchase 
no discounted expected -> discount...
- Package deal
- Exam (elaborations)
- • 8 pages •
Double Entries (ACA Accounting) Exam 
Questions and Answers 100% Pass 
Purchases - Answer- Dr expenses 
Cr cash/payables 
Sales - Answer- Dr receivables 
Cr sales 
= income 
Sales return - Answer- Dr sales 
Cr receivables/cash 
Purchases return - Answer- Cr payables/cash 
Dr purchases 
Purchase 
expect discount -> not taken - Answer- 1. Dr purchases (% off) 
Cr payables (% off) 
2. Dr payables (% off) 
Cr cash (total) 
Dr purchases (difference) 
Purchase 
no discounted expected -> discount...
ACA Assurance Exam Questions and Answers 100% Pass
ACA Assurance Exam Questions and 
Answers 100% Pass 
5 key elements of audit - Answer- 1. 3 party involvement 
2. subject matter (f/s) 
3. suitable criteria (e.g. UK CGC) 
4. evidence 
5. written report 
ISA 200 - what are the objectives of auditors? - Answer- - obtain reasonable assurance 
f/s are free from material misstatement (fraud or error) 
- express opinion whether f/s prepared in accordance w/ financial reporting framework 
Exemption from statutory audit - Answer- - CA 2006 exempts smal...
- Package deal
- Exam (elaborations)
- • 15 pages •
ACA Assurance Exam Questions and 
Answers 100% Pass 
5 key elements of audit - Answer- 1. 3 party involvement 
2. subject matter (f/s) 
3. suitable criteria (e.g. UK CGC) 
4. evidence 
5. written report 
ISA 200 - what are the objectives of auditors? - Answer- - obtain reasonable assurance 
f/s are free from material misstatement (fraud or error) 
- express opinion whether f/s prepared in accordance w/ financial reporting framework 
Exemption from statutory audit - Answer- - CA 2006 exempts smal...
Xcel Solutions Property & Casualty Exam Questions and Answers
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect
Product Owner/ Product Manager(POPM) SAFe Agile Exam Questions and Answers
CT DMV Knowledge Test 100% Correct Solved
Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE