I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider



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QUESTION 

     

Financial accounts

 

Mark the following statements as true or false. 

Shareholders receive annual accounts, prepared in accordance with legal and professional 



requirements. 

The accounts of limited liability companies are sometimes filed with the Registrar of Companies. 



Employees always receive the company's accounts and an employee report. 

The tax authorities will receive the published accounts and as much supplementary detail as they 



need to assess the tax payable on profits. 

Banks frequently require more information than is supplied in the published accounts when 



 

considering applications for loans and overdraft facilities. 

BPP Tutor Toolkit Copy



CHAPTER 1  

//

  INTRODUCTION TO ACCOUNTING 




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