快速查题-ACCA英国注册会计师试题

P & Co maintain a receivables ledger control account within the nominal ledger. At 30 November 20X0, the

total of the list of individual balances extracted from the receivables ledger was $15,800, which did not agree

with the balance on the receivables ledger control account. An examination of the books revealed the following

information, which can be used to reconcile the receivables ledger and the receivables ledger control account.

1 The credit balance of $420 in Ahmed's payables ledger account had been set off against his account in the receivable

ledger, but no entries had been made in the receivables and payables ledger control accounts.

2 The personal account of Mahmood was undercast by $90.

3 Yasmin's balance of (debit) $780 had been omitted from the list of balances.

4 Thomas' personal account balance of $240 had been removed from the receivables ledger as a bad

debt, but no entry had been made in the receivables ledger control account.

5 The January total of $8,900 in the sales daybook had been posted as $9,800.

6 A credit note to Charles for $1,000, plus sales tax of $300, had been posted to the receivables ledger

control account as $1,300 and to Charles' personal account as $1,000.

7 The total on the credit side of Edward's personal account had been overcast by $125.

Which of these items need to be corrected by journal entries in the nominal ledger?

P & Co maintain a receivables ledger control account within the nominal ledger. At 30 November 20X0, the

total of the list of individual balances extracted from the receivables ledger was $15,800, which did not agree

with the balance on the receivables ledger control account. An examination of the books revealed the following

information, which can be used to reconcile the receivables ledger and the receivables ledger control account.

1 The credit balance of $420 in Ahmed's payables ledger account had been set off against his account in the receivables

ledger, but no entries had been made in the receivables and payables ledger control accounts.

2 The personal account of Mahmood was undercast by $90.

3 Yasmin's balance of (debit) $780 had been omitted from the list of balances.

4 Thomas' personal account balance of $240 had been removed from the receivables ledger as a bad

debt, but no entry had been made in the receivables ledger control account.

5 The January total of $8,900 in the sales daybook had been posted as $9,800.

6 A credit note to Charles for $1,000, plus sales tax of $300, had been posted to the receivables ledger

control account as $1,300 and to Charles' personal account as $1,000.

7 The total on the credit side of Edward's personal account had been overcast by $125.

 Assuming that the closing balance on the receivables ledger control account should be $16,000, what is the opening

balance on the receivables ledger control account before the errors were corrected?

The balance on Jude Co’s payables ledger control account is $31,554. The accountant at Jude Co has discovered that she

has not recorded:A settlement discount of $53 received from a supplier; and A supplier’s invoice for $622.What amount should be reported for payables on Jude Co’s statement of financial position?

The accountant at Borris Co has prepared the following reconciliation between the balance on the trade payables ledger

control account in the general ledger and the list of balances from the suppliers ledger：

                                                                                                          $

Balance on general ledger control account                                    68,566

Credit balance omitted from list of balances from payables ledger  (127)

                                                                                                        68,439

Undercasting of purchases day book                                                  99

Total of list of balances                                                                   68,538

What balance should be reported on Borris Co’s statement of financial position for trade payables?

How should the balance on the payables ledger control account be reported in the final financial statements?

Prepare a statement of financial position as at that date.            

The following control account has been prepared by a trainee accountant:

RECEIVABLES LEDGER CONTROL ACCOUNT

The following receivables ledger control account prepared by a trainee accountant contains a number of errors:

RECEIVABLES LEDGER CONTROL ACCOUNT

                                                                    $                                                                    $

20X4                                                                                20X4 

1 Jan Balance                                      614,000           31 Dec Credit sales                        301,000

31 Jan Cash from credit customers     311,000             Discounts allowed                           3,400

 Contras against amounts                                              Irrecoverable debts 

 due to suppliers in                                                         written off                                      32,000 

payables ledger                                    8,650              Interest charged on overdue 

                                                                                       accounts                                         1,600

                                                              Balance             595,650                                       933,650

                                                                                                                                           933,650

What should the closing balance on the control account be after the errors in it have been corrected?

Your organisation sold goods to PQ Co for $800 less trade discount of 20% and cash discount of 5% for   payment within 14

days. The invoice was settled by cheque five days later Which one of the following   gives the entries required  to record

BOTH of these transactions?

               DEBIT              CREDIT

                     $                          $