The following bank reconciliation statement has been prepared for a company： $O-新东方在线职业题库

新东方在线题库 > ACCA英国注册会计师试题 > F3 > Chapter15-18 > The follow...

The following bank reconciliation statement has been prepared for a company：

$

Overdraft per bank statement 39,800

Add: Deposits credited after date 64,100

103,900

Less: Unpresented cheques presented after date 44,200

Overdraft per cash book 59,700

Assuming the amount of the overdraft per the bank statement of $39,800 is correct, what should be the balance in the cash

book?

A

$158,100 overdrawn

B

$19,900 overdrawn

C

$68,500 overdrawn

D

$59,700 overdrawn

Chapter15Bankreconciliations

$

Overdraft per bank statement 39,800

Less: deposits credited after date (64,100)

Add: unpresented cheques 44,200

Overdraft per cash book 19,900

多做几道

Which of the following is a ratio which is used to measure how much a business owes in relation to its size?

A

Asset turnover

B

Profit margin

C

Gearing

D

Return on capital employed

A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses

What is the net profit margin?

A

3.75%

B

5%

C

11.25%

D

22.67%

A company has the following details extracted from its statement of financial position：

$'000

Inventories 1,900

Receivables 1,000

Bank overdraft 100

Payables 1,000

The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry

have a current ratio lower than the norm.

Which of the following statements accurately describes the company’s liquidity position?

A

Liquidity appears to be well managed as the bank overdraft is relatively low

B

Liquidity appears to be poorly-controlled as shown by the large payables balance

C

Liquidity appears to be poorly-controlled as shown by the company’s relatively high current ratio

D

Liquidity appears to be poorly-controlled as shown by the existence of a bank

Why is analysis of financial statements carried out?

A

So that the analyst can determine a company’s accounting policies

B

So that the significance of financial statements can be better understood through comparisons

with historical performance and with other companies

C

To get back to the ‘real’ underlying figures, without the numbers being skewed by the

requirements of International Financial Reporting Standards

D

To produce a report that can replace the financial statements, so that the financial statements

no longer need to be looked at

Which of the following transactions would result in an increase in capital employed?

A

Selling inventory at a profit

B

Writing off a bad debt

C

Paying a payable in cash

D

Increasing the bank overdraft to purchase a non-current asset

最新试题

该科目易错题

该题目相似题

The net assets of Altese, a trader, at 1 January 20X2 amounted to $128,000. During the year to31 December 20X2 Altese introduced a further $50,000 of capital and made drawings of $48,000. At 31 December 20X2 Altese's net assets totalled $184,000.What is Altese's total profit or loss for the year ended 31 December 20X2?A$54,000 profitB$54,000 lossC$42,000 lossD$58,000 profit
A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was:Until 30 June 20X3 $8,400 per yearFrom 1 July 20X3 $12,000 per yearRent was paid quarterly in advance on 1 January, April, July, and October each year.What amounts should appear in the company's financial statements for the year ended 30 ? NovemberRent receivable Statement of financial positionA$9,900 $2,000 in sundry payablesB$9,900 $1,000 in sundry payablesC$10,200 $1,000 in sundry payablesD$9,900 $2,000 in sundry receivables
Which of the following items does the statement below describe?“A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the entity's control”AA provisionBA current liabilityCA contingent liability DA contingent asset
The following receivables ledger control account has been prepared by a trainee accountant:RECEIVABLES LEDGER CONTROL ACCOUNT $ $20X5 20X51 Jan Balance 318,650 31 Jan Cash from credit customers 181,140 Credit sales 161,770 Interest charged on overdue accounts 280 Cash sales 84,260 Irrecoverable debts written off 1,390 Discounts allowed to Sales returns from credit credit customers 1,240 customers 3,990What should the closing balance at 31 January 20X5 be after correcting the errors in the account?A$292,380B $295,420C$292,940D$377,200
Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, what is the error known as?AAn error of omissionBAn error of original entryCAn error of commissionDAn error of principle
The cash book shows a bank balance of $5,675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead of credited.What is the correct bank balance?A$5,100 overdrawnB$6,000 overdrawnC$6,250 overdrawnD$6,450 overdrawn
The bookkeeper of Peri made the following mistakes：Discount allowed $3,840 was credited to discounts received account. Discount received $2,960 was debited to discountsallowed account. Discounts were otherwise correctly recorded.Which one of the following journal entries will correct the errors?Dr Cr $ $ADiscount allowed 7,680 Discount received 5,920Suspense account 1,760 BDiscount allowed 880 Discount received 880 Suspense account1,760 CDiscount allowed 6,800 Discount received 6,800 DSuspense account1,760 Discount allowed 880Discount received 880
Which of the following events occurring after the reporting period are classified as adjusting, if material?1 The sale of inventories valued at cost at the end of the reporting period for a figure in excess of cost2 A valuation of land and buildings providing evidence of an impairment in value at the year end3 The issue of shares and loan notes4 The insolvency of a customer with a balance outstanding at the year endA1 and 3B2 and 4C2 and 3D1 and
What amount should appear in the group's consolidated statement of financial position at 31 December 20X2 for retained earnings?A$280,000B$291,000C$354,000D $ 273,000
WX acquired 75% of the equity share capital of YZ several years ago. At 31 March 20X6 WX had goods in inventory valued at cost of $60,000, that had been purchased from YZ at a mark-up of 20%.What is the effect on the profit attributable to the non-controlling interest, and the profit attributable to the parent company for the year ended 31 March 20X6?Profit attributable to non-controlling interest Profit attributable to WXAno effect decrease by $5,000Bno effect decrease by $12,000Cdecrease by $3,000 decrease by $9,000Ddecrease by $2,500 decrease by $7,500