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ICAEW - ACA bundle
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ACA [ICAEW] – ACCOUNTING questions with correct answers
- Exam (elaborations) • 9 pages • 2023
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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 transactions should be kept separate from the persona...
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