August 12, 2021

Terms as used in linear programming

Define the following terms as used in linear programming: (i) Feasible solution (4 marks) (ii) Transportation problem. (4 marks) (iii) Assignment problem. (4 marks)
August 12, 2021

Errors in computer based accounting systems

“Most errors in computer based accounting systems can be traced to faulty input. Controls over the completeness and validity of all inputs are vital. Control over […]
August 12, 2021

Taxable income derived from the partnership

Rai, Sai and Tai are former school mates who were doing business together. The business is not registered but they registered themselves as equals in it. […]
August 12, 2021

Audit client’s stocktaking instructions

Your firm audits Clean Paints Ltd. and you are planning the audit of stock and work in progress for the year ended 31 December 2000. Clean […]
August 12, 2021

Regression equation

The following regression equation was calculated for a class of 24 CPA II students. Ŷ = 3.1 + 0.021X1 + 0.075X2 + 0.043X3 Standard error (0.019) […]
August 12, 2021

Price floors and price ceilings

With the aid of well-labeled diagrams, distinguish between price floors and price ceilings. (6 marks) ii. What are the major consequences of each of the price […]
August 12, 2021

Objection for tax assessed under the Income Tax Act

Does an individual person have to raise an objection for tax assessed under the Income Tax Act now that there is self assessment? Explain.
August 12, 2021

self assessment under the Income Tax Act

Now that there is self assessment under the Income Tax Act, does the Commissioner of Income Tax have to issue any assessment? Explain.
August 12, 2021

Main factors influencing auditor in determining size of a sample

During the course of an audit, the auditor attempts to obtain sufficient relevant and reliable evidence to provide the satisfaction that the financial records are completed […]
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