ACCA英国注册会计师试题及答案_ACCA英国注册会计师考试练习题P170-新东方在线职业题库

Which of the following is the final court of appeal for a number Commonwealth countries?

A

The Supreme Court

B

The Court of Appeal

C

The Privy Council

The distinction between (1) __________ and (2)__________ liability is central to the English legal system.

What is the standard of proof in civil proceedings?

What are the three tracks in the tracking system that allocates civil court cases?

A company uses an item of inventory as follows.

Purchase price $25 per unit

Annual demand 1,800 units

Ordering cost $32

Annual holding cost $4.50 per unit

EOQ 160 units

What is the minimum total cost assuming a discount of 2% applies to the purchase price and to holding costs on orders of 300 and over?

A

$45,720.00

B

$44,953.50

C

$45,000.00

D

$44,967.00

A wholesaler had opening inventory of 300 units of product Emm valued at $25 per unit at the beginning of January. The following receipts and sales were recorded during January.

Date 2 Jan 12 Jan 21 Jan 29 Jan

400

Issues 250 200 75

The purchase cost of receipts was $25.75 per unit. Using a weighted average method of valuation, calculate the value of closing inventory at the end of January.

A

$11,550

B

$4,492

C

$4,192

D

$9,550

The following represent the materials transactions for a company for the month of December 20X6:$000sMaterials purchases 176Issued to production 165Materials written off 4Returned to stores 9Returned to suppliers 8The material inventory at 1 December 20X6 was $15,000.What is the closing balance on the materials inventory account at 31 December 20X6?

A

$5,000

B

$16,000

C

$23,000

D

$31,000

Which of the following statements is correct?

A

A stores ledger account will be updated from a goods received note only

B

A stores requisition will only detail the type of product required by a customer

C

The term'lead time' is best used to describe the time between receiving an order and paying for it

D

To make an issue from stores authorisation should be required

What is the correct description of perpetual inventory?

A

The counting and valuing of selected items on a rotating basis

B

The recording, as they occur, of receipts, issues and the resulting balances of individual items of inventory

C

The recording of inventory that is constantly changing

D

The counting and valuing inventory on a regular (e.g. weekly) basis

What would be the double entry for an issue of indirect production materials?

A

Dr Materials control account Cr Finished goods control account

B

Dr Production overhead control a/c Cr Materials control account

C

Dr Work-in-progress control account Cr Production overhead control a/c

D

Dr Work-in-progress control account Cr Materials control account

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