快速查题-ACCA英国注册会计师试题

A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was:

Until 30 June 20X3 $8,400 per year

From 1 July 20X3 $12,000 per year

Rent was paid quarterly in advance on 1 January, April, July, and October each year.

What amounts should appear in the company's financial statements for the year ended 30 ?

NovemberRent receivable      Statement of financial position

A business compiling its financial statements for the year to 31 July each year pays rent quarterly in advance on 1 January,

1 April, 1 July and 1 October each year. The annual rent was increased from $60,000 per year to $72,000 per year as from 1 October 20X3.

What figure should appear for rent expense in the business’s statement of profit or loss and other comprehensive income for

the year ended 31 July 20X4?

Diesel fuel in inventory at 1 November 20X7 was $12,500, and there were invoices awaited for$1,700. During the year to 31

October 20X8, diesel fuel bills of $85,400 were paid, and a delivery worth $1,300 had yet to be invoiced. At 31 October 20X8,

the inventory of diesel fuel was valued at $9,800.

What is the value of diesel fuel to be charged to the statement of profit or loss and other comprehensive income for the year to 31 October 20X8?

The electricity account for the year ended 30 June 20X1 was as follows.

Opening balance for electricity accrued at 1 July 20X0 Payments made during the year

1 August 20X0 for three months to 31 July 20X0

1 November 20X0 for three months to 31 October 20X0

1 February 20X1 for three months to 31 January 20X1

30 June 20X1 for three months to 30 April 20X1

1 August 20X1 for three months to 31 July 20X1

Which of the following is the appropriate entry for electricity?

Accrued                                                           Charge to SPL

at 30 June 20X1                                         year ended 30 June 20X1 A

The year end of M Co is 30 November 20X0. The company pays for its gas by a standing order of $600 per month. On 1

December 20W9, the statement from the gas supplier showed that M Co had overpaid by $200. M Co received gas bills for

the four quarters commencing on 1 December 20W9 and ending on 30 November 20X0 for $1,300, $1,400, $2,100 and

$2,000 respectively

Which of the following is the correct charge for gas in M Inc's statement of profit or loss for the year ended 30 November

20X0?

A business compiling its financial statements for the year to 31 January each year pays rent quarterly in advance on 1

January, 1 April, 1 July and 1 October each year. After remaining unchanged for some years, the rent was increased from

$24,000 per year to $30,000 per year as from 1 July 20X0.

Which of the following figures is the rent expense which should appear in the statement of profit or loss for year ended 31

January 20X1？

B, a limited liability company, receives rent for subletting part of its office premises to a number of tenants.

In the year ended 31 December 20X4 B received cash of $318,600 from its tenants.

Details of rent in advance and in arrears at the beginning and end of 20X4 are as follows       31 December

                                              20X4             20X3

                                                 $                  $

Rent received in advance     28,400            24,600

Rent owing by tenants         18,300           16,900

All rent owing was subsequently received

What figure for rental income should be included in the statement of profit or loss of B for 20X4?

The following information is relevant for questions 9.9 and 9.10.

The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.

                                                                                   $'000

Development costs capitalised, 1 January 20X7        180

Research and development expenditure for the year 162

In preparing the company's statement of profit or loss and other comprehensive income and stament of financial position at 31 December 20X7 the following further information is relevant

(a) The $180,000 total for development costs as at 1 January 20X7 relates to two projects: Project 836: completed project

$'000 82 (balance being amortised over the period expected to benefit from it. Amount to be amortised in 20X7: $20,000)

Project 910: in progress 98

(b) The research and development expenditure for the year is made up of: 180 Research expenditure $'000 103 Development costs on Project 910 which continues to satisfy the requirements in IAS 38 for capitalisation 59 162According to IAS 38

Intangible assets,

what amount should be charged in the statement of profit or loss and other comprehensive income for research and development costs for the year ended 31 December 20X7?

The following information is relevant for questions 9.9 and 9.10.

The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.

$'000

Development costs capitalised, 1 January 20X7 180

Research and development expenditure for the year 162

In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position

at 31 December 20X7 the following further information is relevant.

(a) The $180,000 total for development costs as at 1 January 20X7 relates to two projects:  Project 836: completed project

 $'000  82 (balance being amortised over the period expected to benefit from it. Amount to be amortised in 20X7: $20,000) 

Project 910: in progress 98

(b) The research and development expenditure for the year is made up of: 180 Research expenditure $'000  103 Development costs on Project 910 which continues to satisfy the requirements in IAS 38 for capitalisation 59  162

According to IAS 38 Intangible assets,

what amount should be disclosed as an intangible asset in the statement of financial position for the year ended 31 December 20X7?

Theta Co purchased a patent on 31 December 20X3 for $250,000. Theta Co expects to use the patent for ten years, after

which it will be valueless. According to IAS 38 Intangible assets, what amount will be amortised in Theta Co’s statement of

profit or loss and other comprehensive income for the year ended 31 December 20X4?