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Q.5.   Libra pharmacy acquired a delivery truck at a cost of $ 14400. Your email address will not be published. Sent stewart an invoice for $1200 requesting payment within 30 days. 2- The Applied Skills stage which contains six exams; Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting … A payment made from the business bank account for petrol for the owner’s private car is not included in the income statement. (ii) LIFOQ. Sundry Debtors 13000 Q.3       What is reconciliation in accounting? APPLIED ACCOUNTING L4 Question Paper and Marking Guidelines Downloading Section . Asimâs Drawings 100 For your convenience you may search ou r archives for old question papers. NOTE: Q.1 is compulsory, attempt any four questions from the remaining. Search: Stage: Year: reset / show tips. Financial Accounting in Practice: Practical Questions and Answers for Students. 3 Explain Financial Leverage and Liquidity ratios with the help of numerical examples. 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