題目

X plc has a bad debt policy whereby aged receivables who are obviously not going to pay, are written off. The financial

accountant does not enforce this policy This might be fraudulent insofar as it creates which of the following effects?

A

It removes funds from the business

B

It results?in the?understatement of profits and net assets

C

It results in the overstatement of profits and net assets

D

It results?in the?intentional overstatement of profits and?net assets

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Chapter10Identifyingandpreventingfraud

Rationale: One form of fraud is the intentional misrepresentation of the financial position of the business. Bad debt policy

may be unenforced deliberately, in order to overstate profits

多做幾道

Monetary policy is a government economic policy relating to:

1 Interest rates

2 Taxation

3 Public borrowing and spending

4?Exchange rates

Which of the above are correct?

A

1 and 4

B

?2 and 3

C

2 and 4

D

3 and 4

Which of the following organisations might benefit from a period of high price inflation?

A

An organisation which has a large number of long-term payables

B

An exporter of goods to a country with relatively low inflation

C

A large retailer with a high level of inventory on display and low rate of inventory turnover

Which of the following are the goals of macroeconomic policy?

1 Encouraging economic growth

2 Low unemployment

3 Achievement of a balance between exports and imports

4 Achieving zero inflation

A

1 and 2

B

2 and 3?

C

2, 3 and 4

D

1, 2 and 3

Which of the following is an example of cyclical unemployment?

A

The entry of school leavers into the labour pool each year

B

Lay-offs among agricultural labourers in winter

C

Automation of ticketing services in tourism

D

Recession in the building industry

A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this?statement?

A

Current

B

Capital

C

Financial

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