PROFESSIONAL EXAMINATIONS: ACCOUNTING PRACTICE.
The article presents information on accounting examinations. The following problems were prepared by the Board of Examiners of the American Institute of Certified Public Accountants and were presented as the second half of the Certified Public Accountant examination in accounting practice on May 16, 1963. The candidates were required to solve problems 1 through 4 and either 5 or 6. The suggested time allowances were as follows: thirty-five to forty-five minutes for problem 1, thirty-five to forty-five minutes for problem 2, fifty to sixty minutes for problem 3, fifty to sixty minutes for problem 4 and fifty to sixty minutes for problem 5 or 6. Problem 1 presents certain objective questions related to accounting. Problem 2 is concerned with the preparation of the trial balance of a partnership firm. Problem 3 is concerned with the preparation of the shareholders accounts, the journal entries for the books of Groth Corp. recording the merger with Dekline Corp. as a pooling of interest. Problem 4 is concerned with the preparation of the company accounts for the machinery department.
- DOI
- 10.2308/tar-7106819
- Volume
- 38 (4)
- Pages
- 844-862
- Language
- en
- Export
- BibTeX
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- openalex crossref