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

QUESTION 

     

Financial accounts

 

Mark the following statements as true or false. 

A 

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

requirements. 

B 

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

C 

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

D 

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

need to assess the tax payable on profits. 

E 

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

 

considering applications for loans and overdraft facilities. 

BPP Tutor Toolkit Copy

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CHAPTER 1  

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  INTRODUCTION TO ACCOUNTING