TOA 09.15.12

The Review School of Accountancy Final Pre-Board Examination

10:30 AM

15 Septerber 2012

- 12:00

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{freiry of flccounts INS:IBUqI'qNg:SelecttheCorrectanswerforeachofthefollowing ltem by shadinq the box guestions. Mark only one ans!\Ier for each t'he answel sheet provided ' on correspond.i.nq Lo the leLter of your choi.ce STRICTLY NO ERASURES AL1,OWED. Use pencil no. 2 on1y. Set B

.1. vJhrch of t_he f crlowi ng terms is not clescripLir,.e of a. Private ent ities '/

P. c. d.

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j sLeC comPan ies Smal1 and medi'-tm-sized ent--Ltie:: Non-pr:bli cLy accountable enLi-Li es

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IFRS wlren referred stat.ernenL regarding true tlie DeLermine . i-/ i t'-i \-_ coLJ ectively - -orru,st* {e*tq-tl* '\Ty,: inciudes generally "IAS" term The -,a'.' i*TAS'" b. The term "1L-RS" qenerally irrclr'r