Thread Killer Mk IX

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Wyvern said:
Meh kak day is just getting worse

Can anyone maybe see if they can help me with these 2 questions:
Can any one help me with these questions?

The consolidated balance sheet of SABMiller is structured based on the generally accepted
accounting equation: Assets= Owners Equity + Liabilities. Which of the following statements
are correct based on the accounting equation?
A. All items on the left hand side of the equation increase on the debit side and decrease on
the credit side of the T- account.
B. All items on the left hand side of the equation decrease on the debit side and increase on
the credit side of the T- account.
C. All items on the right hand side of the equation increase on the credit side and decrease
on the debit side of the T-account.
D. All items on the right hand side of the equation decrease on the credit side and increase
on the debit side of the T-account.

1. A and B
2. A and C
3. A and D
4. A, B, C and D


Which of the following is described as the sum of all the steps taken to increase confidence
in the reported performance of an organisation?
1. insurance
2. planning
3. assurance
4. controlling
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By the power of deduction, the first questions answer will be 2. A and C. The reason is, all answers include A as a correct option, thus can be assumes that it is correct. Due to the GAAP formula, the T-accounts swaps what increases where from left to right. So if A states that all left hand side items will increase on the debit side and decrease on the credit side, it stands to reason that the inverse will be true for all things of the right hand side of the equation. Thus you end up with the answer of 2. A and C.
 
Wyvern said:
Meh kak day is just getting worse

Can anyone maybe see if they can help me with these 2 questions:
Can any one help me with these questions?

The consolidated balance sheet of SABMiller is structured based on the generally accepted
accounting equation: Assets= Owners Equity + Liabilities. Which of the following statements
are correct based on the accounting equation?
A. All items on the left hand side of the equation increase on the debit side and decrease on
the credit side of the T- account.
B. All items on the left hand side of the equation decrease on the debit side and increase on
the credit side of the T- account.
C. All items on the right hand side of the equation increase on the credit side and decrease
on the debit side of the T-account.
D. All items on the right hand side of the equation decrease on the credit side and increase
on the debit side of the T-account.

1. A and B
2. A and C
3. A and D
4. A, B, C and D


Which of the following is described as the sum of all the steps taken to increase confidence
in the reported performance of an organisation?
1. insurance
2. planning
3. assurance
4. controlling
Click to expand...

OK, I'm not an accountant but let's use logic for question 1:

We know that A is correct because it is used in all four options. A and B can't both be correct because they are conflicting statements.
So it must be either 2 or 3.
Now we look at statements C and D. These refer to the right of the equation and must thus be opposite of what we have on the left. So the correct statement is C.
So the answer is 2, A & C.

Second question I'm less sure, but I think it's 3. Assurance.

But don't just believe me. Accountancy is a very dark art, indeed.

Where's Green Orb?
I've got a joke for him:

What do internal auditors do to liven up the office party?
Not show up.

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DieGrootHammer said:
By the power of deduction, the first questions answer will be 2. A and C. The reason is, all answers include A as a correct option, thus can be assumes that it is correct. Due to the GAAP formula, the T-accounts swaps what increases where from left to right. So if A states that all left hand side items will increase on the debit side and decrease on the credit side, it stands to reason that the inverse will be true for all things of the right hand side of the equation. Thus you end up with the answer of 2. A and C.
Click to expand...

Bastard beat me to it because I had to go make auditor jokes.
 
Dohc-WP said:
is that on loot ?

it is a demo technically, i say its overpriced :rolleyes:
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GazWorks said:
I think that's Takealot, but there was an article stating that Konami is purposely lowering the prices of their games starting with MGS. Apparently relating to length issues, but I'm sure I head of another game that's in production with them that's also going to be cheaper.

Edit: yeah here it is: http://www.metalgearinformer.com/?p=12817
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Yes it's at takealot

I watch a thing on youtube yesterday where they said that Konami dropped the price because of all the complaints about the length of the game but geeez! That's cheaper than most PS3 games. Hell it's cheaper than moste new PC releases :eek:
 
MalicE said:
Yes it's at takealot

I watch a thing on youtube yesterday where they said that Konami dropped the price because of all the complaints about the length of the game but geeez! That's cheaper than most PS3 games. Hell it's cheaper than moste new PC releases :eek:
Click to expand...

Stop questioning it and hit the checkout button.
 
Wyvern said:
Thanks guys, it actually confirms what I had, I just had to get extra input :P

Oh and this isnt even accounting, tis business management . . . . .
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No problem Wyv. Did that subject as well in my studies, although a lot I've forgotten it seems.

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GazWorks said:
If I understand it correctly according to this: http://www.businessdictionary.com/definition/controlling.html

Controlling is the answer for number 2? I have pretty much no mind for business though so...
Click to expand...

Interesting link indeed. You see I thought of this question as the process of enforcing confidence in the business on it's financial and performance, which is why assurance fit into that description more for me.
 
DieGrootHammer said:
Interesting link indeed. You see I thought of this question as the process of enforcing confidence in the business on it's financial and performance, which is why assurance fit into that description more for me.
Click to expand...

I always imagined assurance is like predestined insurance. Assurance means you KNOW it's going to happen and are protected and insurance it MIGHT happen and are covered. You pick up some stuff from working in a financial software dev house...and google.
 
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GazWorks said:
I always imagined assurance is like predestined insurance. Assurance means you KNOW it's going to happen and are protected and insurance it MIGHT happen and are covered. You pick up some stuff from working in a financial software dev house...and google.
Click to expand...

Lol sounds correct then. Well, looking at that link of your's, it even states that assurance is: Part of corporate governance in which a management provides accurate and current information to the stakeholders about the efficiency and effectiveness of its policies and operations, and the status of its compliance with the statutory obligations.

But your answer seems correct now as well. Okay Wyv, you're on your own on that question. I've lost confidence in my answer, and will probably need some ASSURANCE that everything will be fine..."whistling:
 
Neeeeeeeeeeeeeee Julle maggie my deurmekaar maak nie dammit. I can't even find the appropriate chapter in the freaken textbook :S
 
InSanity said:
Open a command prompt and ask your PC:

If Mr Bean went to the shops and told teddy that he would be back at 6pm, why was teddy surprised to see him home at 5pm?
Click to expand...

Bwahahahaha! You've been repped. How does it feel to get some of the possitive stuff for a change? ;)
 
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