快速查题-ACCA英国注册会计师试题

Inclusive of sales tax in the statement of financial position

Exclusive of sales tax in the statement of financial position

The sales tax is deducted and added to the sales tax account in the statement of financial

position

Sales tax does not appear in the statement of financial position because the business simply acts as a collector on behalf of the tax authorities

Credited with the total of sales made, including sales tax

Debited with the total of sales made, including sales tax

Debited with the total of sales made, excluding sales tax

Credited with the total of sales made, excluding sales tax

 Liquidated damage clauses are void and unenforceable in contract law 

Liquidated damage clauses must be highlighted in the contract 

 The purpose of liquidated damage clauses is to deter potential breaches of contract 

 Liquidated damages are only payable where a condition of a contract is breached 

 Injunctions are a common law remedy 

 A court has no discretion as to whether or not to award an injunction

 Injunctions require a defendant to observe a negative restriction of a contract 

 Injunctions may be awarded in conjunction with an award for damages 

The innocent party, only, must be able to be restored to their pre-contract position 

 The right to rescind the contract must be exercised within 30 days of it being awarded 

 Rescission must take place after the contract is affirmed 

 Innocent third parties must not have acquired rights under the subject matter of the contract 

 1 and 2 

 1 and 3 

 2 and 3 

 2 and 4 

 Quantum meruit 

Action for the price 

 Specific performance 

 Rescission