F3_ACCA英国注册会计师考试试题及答案P14-新东方在线职业题库

The debit side of a trial balance totals $800 more than the credit side.Which one of the following errors would fully account for

the difference?

A

$400 paid for plant maintenance has been correctly entered in the cash book and credited to the plant asset account.

B

Discount received $400 has been debited to discount allowed account.

C

A receipt of $800 for commission receivable has been omitted from the records

D

The petty cash balance of $800 has been omitted from the trial balance

A company's trial balance failed to agree, the totals being:Debit $815,602Credit $808,420Which one of the following errors

could fully account for the difference?

A

The omission from the trial balance of the balance on the insurance expense account $7,182

debit

B

Discount allowed $3,591 debited in error to the discount received account

C

No entries made in the records for cash sales totalling $7,182

D

The returns outwards total of $3,591 was included in the trial balance as a debit balance

The debit side of a trial balance totals $50 more than the credit side. Which one of the following could this be due to?

A

A purchase of goods for $50 being omitted from the payables control account

B

A sale of goods for $50 being omitted from the receivables control account

C

An invoice of $25 for electricity being credited to the electricity account

D

A receipt for $50 from a customer being omitted from the cash

The following information is relevant for questions 20.4 and 20.5.

A is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit

customers and suppliers for the year ended 30 November 20X3.

$

Trade receivables, 1 December 20X2 130,000

Trade payables, 1 December 20X2 60,000

Cash received from customers 686,400

Cash paid to suppliers 302,800

Discounts allowed 1,400

Discounts received 2,960

Irrecoverable debts 4,160

Amount due from a customer who is also a supplier offset against an amount due

for goods supplied by him 2,000

Trade receivables, 30 November 20X3 181,000

Trade payables, 30 November 20X3 84,000

Based on the above information, what figure should appear in A's statement of profit or loss for the year ended 30

November 20X3 for sales revenue?

A

$748,960

B

$748,800

C

$744,960

D

$743,560

Based on the above information, what figure should appear in A's statement of profit or loss for the year ended 30 November

20X3 for purchases?

A

$283,760

B

$325,840

C

$329,760

D

$331,760

A sole trader fixes her prices by adding 50 per cent to the cost of all goods purchased. On 31 October 20X3 a fire destroyed a considerable part of the inventory and all inventory records.Her trading account for the year ended 31 October 20X3 included

the following figures:

Sales $ $

Opening inventory at cost 183.600 281,250

Purchases 249,200

Closing inventory at cost 432,800 228,200

Gross profit 204.600 53,050

Using this information, what inventory loss has occurred?

A

$61,050

B

$87,575

C

$40,700

D

$110,850

A fire on 30 September 20X2 destroyed some of a company's inventory and its inventory records. The following information is available: $

Inventory 1 September 20X2 318.000

Sales for September 20X2 612.000

Purchases for September 20X2 412.000

Inventory in good condition at 30 September 20X2 214.000

Standard gross profit percentage on sales is 25%

Based on this information, what is the value of the inventory lost?

A

$96,000

B

$271,000

C

$26,400

D

$57,000

A business's bank balance increased by $750,000 during its last financial year. During the same period it issued shares of

$1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $

100,000. Working capital (other than the bank balance) increased by $575,000.

What was its profit for the year?

A

$1,175,000

B

$1,275,000

C

$1,325,000

D

$1,375,000

A sole trader's business made a profit of $32,500 during the year ended 31 March 20X8. This figure was after deducting

$100 per week wages for himself. In addition, he put his home telephone bill through the business books, amounting to $400

plus sales tax at 17.5%. He is registered for sales tax and therefore has charged only the net amount to his statement of

profit or loss and other comprehensive income.

His capital at 1 April 20X7 was $6,500. What was his capital at 31 March 20X8?

A

$33,730

B

$33,800

C

$38,930

D

$39,000

Senji does not keep proper accounting records, and it is necessary to calculate her total purchases for the year ended 31

January 20X3 from the following information:

$

Trade payables: 31 January 20X2 130,400

31 January 20X3 171,250

Payment to suppliers 888,400

Cost of goods taken from inventory by Senji for her personal use 1,000

Refunds received from suppliers 2,400

Discounts received 11,200

What is the figure for purchases that should be included in Senji’s financial statements?

A

$914,650

B

$937,050

C

$939,050

D

$941,850

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