筛选结果 共找出61

A business statement of profit or loss and other comprehensive income for the year ended 31 December 20X4 showed a net

profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to motor expenses

account. It is the company's policy to depreciate motor vans at 25 per cent per year, with a full year's charge in the year of

acquisition.What would the net profit be after adjusting for this error?

A

$106,100 

B

$70,100

C

$97,100

D

$101,600

Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, what is the error known as?

A

An error of omission

B

An error of original entry

C

An error of commission

D

An error of principle

Alpha is a sole trader who does not keep proper accounting records.

Alpha,s first year of trading was 20X4. From reviewing Alpha,s bank statements and the incomplete records relating to cash

maintained, the following summary has been compiled

ank and cash summary, Alpha, 20X4

                                                                                                                        $

Cash received from credit customers and paid into the bank                       381,600

Expenses paid out of cash received from credit customers before banking    6,800

Cash sales                                                                                                     112,900

Other information, Alpha,                                                                                   20X4

Irrecoverable debts written off                                                                          7,200

Discounts allowed to credit customers                                                             9,400

Closing balance of Trade receivables                                                                0

Which of the following correctly represents Alpha's sales figure for 20X4?

A

$517,900

B

$112,900

C

$381,600

D

$510,900

A sole trader who does not keep full accounting records wishes to calculate her sales revenue   for the year.The information available is: 

1 Opening inventory $17,000

 2 Closing inventory $24,000

 3 Purchases $91,000 

4 Standard gross profit percentage on sales revenue 40% 

Which of the following is the sales figure for the year calculated from these figures?  

A

$117,600

B

$108,000

C

$210,000

D

$140,000

  On 31 December 20X0 the inventory of V was completely destroyed by fire.  The following information is available:  

 1 Inventory at 1 December 20X0 at cost $28,400

  2 Purchases for December 20X0 $49,600

  3 Sales for December 20X0 $64,800 

 4 Standard gross profit percentage on sales revenue 30%  Based on this information,

 which of the following is the amount of inventory destroyed?   

A

$45,360

B

$32,640

C

 $40,971

D

$19,440

The following information is available for the year ended 31 December 20X4 for a keep proper accounting records:

Inventories at 1 January 20X4 Inventories at 31 December 20X4 Purchases

Gross profit percentage on sales = 30%

Based on this information, what was the trader's sales figure for the year?

A

$900,000

B

$819,000

C

$920,000

D

$837,200

Wanda keeps no accounting records. The following information is available about her position and transactions for the year

ended 31 December 20X4:

$

Net assets at 1 January 20X4 210,000

Drawings during 20X4 48,000

Capital introduced during 20X4 100,000

Net assets at 31 December 20X4 400,000

Based on this information, what was Wanda's profit for 20X4?

A

$42,000

B

$242,000

C

$138,000

D

$338,000

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