Chapter15-18_F3考试试题及答案P6-新东方在线职业题库

The following information is relevant for questions 20.4 and 20.5.

A is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit

customers and suppliers for the year ended 30 November 20X3.

$

Trade receivables, 1 December 20X2 130,000

Trade payables, 1 December 20X2 60,000

Cash received from customers 686,400

Cash paid to suppliers 302,800

Discounts allowed 1,400

Discounts received 2,960

Irrecoverable debts 4,160

Amount due from a customer who is also a supplier offset against an amount due

for goods supplied by him 2,000

Trade receivables, 30 November 20X3 181,000

Trade payables, 30 November 20X3 84,000

Based on the above information, what figure should appear in A's statement of profit or loss for the year ended 30

November 20X3 for sales revenue?

A

$748,960

B

$748,800

C

$744,960

D

$743,560

Based on the above information, what figure should appear in A's statement of profit or loss for the year ended 30 November

20X3 for purchases?

A

$283,760

B

$325,840

C

$329,760

D

$331,760

A sole trader fixes her prices by adding 50 per cent to the cost of all goods purchased. On 31 October 20X3 a fire destroyed a considerable part of the inventory and all inventory records.Her trading account for the year ended 31 October 20X3 included

the following figures:

Sales $ $

Opening inventory at cost 183.600 281,250

Purchases 249,200

Closing inventory at cost 432,800 228,200

Gross profit 204.600 53,050

Using this information, what inventory loss has occurred?

A

$61,050

B

$87,575

C

$40,700

D

$110,850

A fire on 30 September 20X2 destroyed some of a company's inventory and its inventory records. The following information is available: $

Inventory 1 September 20X2 318.000

Sales for September 20X2 612.000

Purchases for September 20X2 412.000

Inventory in good condition at 30 September 20X2 214.000

Standard gross profit percentage on sales is 25%

Based on this information, what is the value of the inventory lost?

A

$96,000

B

$271,000

C

$26,400

D

$57,000

A business's bank balance increased by $750,000 during its last financial year. During the same period it issued shares of

$1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $

100,000. Working capital (other than the bank balance) increased by $575,000.

What was its profit for the year?

A

$1,175,000

B

$1,275,000

C

$1,325,000

D

$1,375,000

A sole trader's business made a profit of $32,500 during the year ended 31 March 20X8. This figure was after deducting

$100 per week wages for himself. In addition, he put his home telephone bill through the business books, amounting to $400

plus sales tax at 17.5%. He is registered for sales tax and therefore has charged only the net amount to his statement of

profit or loss and other comprehensive income.

His capital at 1 April 20X7 was $6,500. What was his capital at 31 March 20X8?

A

$33,730

B

$33,800

C

$38,930

D

$39,000

Senji does not keep proper accounting records, and it is necessary to calculate her total purchases for the year ended 31

January 20X3 from the following information:

$

Trade payables: 31 January 20X2 130,400

31 January 20X3 171,250

Payment to suppliers 888,400

Cost of goods taken from inventory by Senji for her personal use 1,000

Refunds received from suppliers 2,400

Discounts received 11,200

What is the figure for purchases that should be included in Senji’s financial statements?

A

$914,650

B

$937,050

C

$939,050

D

$941,850

Aluki fixes prices to make a standard gross profit percentage on sales of 20%.

The following information for the year ended 31 January 20X3 is available to compute her sales total for

the year.

$

Inventory： 1 February 20X2 243,000

31 January 20X3 261,700

Purchases 595,400

Purchases returns 41,200

What is the sales figure for the year ended 31 January 20X3?

A

$669,375

B

$702,600

C

$772,375

D

$741,480

A sole trader fixes his prices to achieve a gross profit percentage on sales revenue of 40%. All his sales are for cash. He

suspects that one of his sales assistants is stealing cash from sales revenue.

His trading account for the month of June 20X3 is as follows:

$

Recorded sales revenue 181,600

Cost of sales 114,000

Gross profit 67,600

Assuming that the cost of sales figure is correct, how much cash could the sales assistant have taken?

A

$5,040

B

$8,400

C

$22,000

D

It is not possible to calculate a figure from this information

A business has compiled the following information for the year ended

Opening inventory Purchases Closing inventory

The gross profit as a percentage of sales is always 40%

Based on these figures, what is the sales revenue for the year?

A

$1,333,500

B

$1,587,500

C

$2,381,250

D

The sales revenue figure cannot be calculated from this information

快速查题-ACCA英国注册会计师试题