快速查题-ACCA英国注册会计师试题

A purchase return of $48 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in

the supplier's account.Which of the following statements about the trial balance would be correct?

Two types of common errors in bookkeeping are errors of principle and errors of transposition.Which of the following correctly states whether or not these errors will be revealed by extracting a trial balance?Errors of principle Errors of transposition

Beta Co has total assets of $650,000 and profit for the year of $150,000 recorded in the financial statements for the year

ended 31 December 20X3. Inventory costing $50,000, with a resale value of $75,000, was received into the warehouse on 2

January 20X4 and included in the inventory value that was recorded in the financial statements at 31 December 20X3.What

would the total assets figure in the Statement of Financial Position, and the adjusted profit for the year figure, be after

adjusting for this error?

Total assets (SOFP) Profit for year

Your cash book at 31 December 20X3 shows a bank balance of $565 overdrawn. On comparing this with your bank

statement at the same date, you discover the following.1 A cheque for $57 drawn by you on 29 December 20X3 has not yet

been presented for payment.2 A cheque for $92 from a customer, which was paid into the bank on 24 December 20X3, has

been dishonoured on 31 December 20X3.What is the correct bank balance to be shown in the statement of financial position

at 31 December 20X3?

The cash book shows a bank balance of $5,675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing

order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead

of credited.What is the correct bank balance?

A business had a balance at the bank of $2,500 at the start of the month. During the following month, it paid for materials

invoiced at $1,000 less trade discount of 20% and cash discount of 10%. It received a cheque from a customer in respect of

an invoice for $200, subject to cash discount of 5%.What was the balance at the bank at the end of the month?

The bank statement on 31 October 20X7 showed an overdraft of $800. On reconciling the bankstatement, it was discovered

that a cheque drawn by your company for $80 had not been presented for payment, and that a cheque for $130 from a

customer had been dishonoured on 30 October 20X7, but that this had not yet been notified to you by the bank.What is the

correct bank balance to be shown in the statement of financial position at 31 October 20X7?

A business statement of profit or loss and other comprehensive income for the year ended 31 December 20X4 showed a net

profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to motor expenses

account. It is the company's policy to depreciate motor vans at 25 per cent per year, with a full year's charge in the year of

acquisition.

What would the net profit be after adjusting for this error?

An organisation restores its petty cash balance to $250 at the end of each month. During October, the total expenditure

column in the petty cash book was calculated as being $210, and the imprest was restored by this amount. The analysis

columns posted to the nominal ledger totalled only $200.Which one of the following would this error cause?

Net profit was calculated as being $10,200. It was later discovered that capital expenditure of $3,000 had been treated as

revenue expenditure, and revenue receipts of $1,400 had been treated as capital receipts.What is the net profit after

correcting this error?