快速查题-ACCA英国注册会计师试题

Which of the statements below correctly states the purpose of the asset register?

An asset register showed a carrying amount of $67,460. A non-current asset costing $15,000 had been sold for $4,000,

making a loss on disposal of $1,250. No entries had been made in the asset register for this disposal.What is the correct

balance on the asset register?

An organisation's asset register shows a carrying amount of $145,600. The non-current asset account in the nominal ledger

shows a carrying amount of $135,600. The difference could be due to a disposed asset not having been deducted from the

asset register. Which one of the following could represent that asset?

The financial year of Mitex Co ended on 31 December 20X1.

An inventory count on January 4 20X2 gave a total inventory  value of $527,300.

The following transactions occurred between January 1 and January 4.

                                                                                         $

Purchases of goods                                                       7,900

Sales of goods (gross profit margin 40% on sales)       15,000

Goods returned to a supplier                                            800

What inventory value should be included in Mitex Co’s financial statements at 31 December 20X1?

Which of the following statements about IAS 2 Inventories is correct?

You are preparing the financial statements for a business. The cost of the items in closing inventory is $41,875. This includes some items which cost $1,960 and which were damaged in transit. You have estimated that it will cost $360 to repair the

items, and they can then be sold for $1,200.

What is the correct inventory valuation for inclusion in the financial statements?

S sells three products - Basic, Super and Luxury. The following information was available at the year end. Basic Super

Luxury                 

                                                           $        per unit      $       per un   $

per unitOriginal cost                           6                          9                    18

 Estimated selling price                     9                          12                   15

Selling and distribution costs            1                          4                      5

units units unitsUnits of inventory    200                     250                  150

What is the value of inventory at the year end?

An inventory record card shows the following details.

February 1 50

units in stock at a cost of $40 per

unit7 100 units purchased at a cost of $45 per

unit14 80 units sold21 50

units purchased at a cost of $50 per

unit28 60 units sold

What is the value of inventory at 28 February using the FIFO method?

IAS 2 Inventories defines the items that may be included in computing the value of an inventory of finished goods manu

factured by a business.Which one of the following lists consists only of items

which may be included in the statement of financial position value of such inventories, according to IAS 2?

The closing inventory of X amounted to $116,400 excluding the following two inventory lines:

1 400 items which had cost $4 each. All were sold after the reporting period for $3 each, with selling expenses of $200 for the batch.

2 200 different items which had cost $30 each. These items were found to be defective at the end of the reporting period.

Rectification work after the statement of financial position amounted to $1,200, after which they were sold for $35 each, with

selling expenses totalling $300.

Which of the following total figures should appear in the statement of financial position of X for inventory?