快速查题-ACCA英国注册会计师试题

A trader's net profit for the year may be computed by using which of the following formulae?

The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital of $8,000 during the year and

withdrew goods for his private use which had cost $2,200. If net assets at the beginning of 20X7 were $101,700, what were

the closing net assets?

The profit made by a business in 20X7 was $35,400. The proprietor injected new capital of $10,200 during the year and

withdrew a monthly salary of $500.If net assets at the end of 20X7 were $95,100, what was the proprietor's capital at the

beginning of the year？

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

Which ONE of the following statements describes faithful representation, a qualitative characteristic of faithful representation?

Listed below are some comments on accounting concepts.1 Financial statements always treat the business as a separate

entity.2 Materiality means that only items having a physical existence may be recognised as assets.3 Provisions are

estimates and therefore can be altered to make the financial results of a business more attractive to investors.Which, if any,

of these comments is correct, according to the IASB's Conceptual Framework for Financial Reporting?