CHAPTER 1 (Assignment no.

1 - Group)
GROUP 4

WRITE THE LETTER (CAPITAL LETTER) AND THE ANSWER.

1 2 3
PROBLEM 2 C D B

AN ENTITY DISCLOSE
ONLY AN EVENT IN THE
NOTES, RATHER THAN
INCLUDING THE
EFFECTS OF THE PAYMENT OF TAXES DONATION
EVENT IN THE
MONETARY TOTALS IN
THE FINANCIAL
STATEMENTS.

1 2 3

PROBLEM 3 D D A

MR.X, A MEMBER OF
ENTITY A'S BOARD OF
DIRECTION, USES
VANDALISM FINANCIAL REPORTS
COMMITTED BY TO MAKE DECISIONS I,III,II AND IV
ENTITY'S EMPLOYEES REGARDING THE
FINANCIAL AND
OPERATIONAL AFFAIRS
OF ENTITY A.

1 2 3

PROBLEM 4 D D D
 ALL OF
INTERNAL EVENT RETAINED EARNINGS THESE ARE
USED.
 4 5 6 7

B C C C

MEASURING
INVENTORIES AT STABLE MONETARY STABLE MONETARY
FAIR VALUES
NET REALIZABLE UNIT UNIT
VALUE

4 5 6 7

B D C E

THE ECONOMIC UNDER THE COST-

ACTIVITY OF USING BENEFIT CONCEPT,
QUALITATIVE
THE CURRENT THE COST OF
INFORMATION CAN
INPUTS TO INCREASE PROCESSING AND
BE FOUND ONLY I
ACCOUNTANT THE STOCK OF COMMUNICATING
THE NOTES TO
RESOURCES INFORMATION
THE FINANCIAL
AVAILABLE FOR SHOULD EXCEED
STATEMENTS
OUTPUT IS CALLED THE BENEFITS
SAVING. DERIVED FROM IT.

4 5 6 7

D C B A
MS. Y
PROVIDES
CAPITAL TO
ENTITY B, INTERCALATION MATERIALITTY COMMON NEEDS
ANOTHER
BUSINESS
ENTITY.
 8 9 10

D C B

TIME PERIOD MATCHING ACCRUAL BASIS

8 9 10

D A D

THE PFRSs
ARE ISSUED
BY THE
FINANCIAL ACADEME ALL OF THESE
REPORTING
STANDARD
CONCIL.

8 9 10

D A D
 THE PFRSs ARE
ACCOMPANIED BY
THE GUIDANCE. THE
PRACTICE
USED OF SUCH
PRIVATE
I,IIAND III GUIDANCE IS
ACCOUNTANC
SOMETIMES
Y
MANDATORY AND
SOMETIMES
OPTIONAL