篩選結(jié)果 共找出329題

At 1 April 20X9, the payables ledger control account showed a balance of $142,320. At the end of April the following totals are extracted from the subsidiary books for April:

?????????????????????????????????????????????????????????????????????????????????????????????? ?? ??$

Purchases day book???????????????????????????????????????????????????????????? ?? 183,800

Returns outwards day book????????????????????????????????????????????????? ?? ?27,490

Returns inwards day book????????????????????????????????????????????????????? ?? 13,240

Payments to payables, after deducting $1,430 cash discount?196,360

It is also discovered that:

(a)?The purchase day book figure is net of sales tax at 17.5%; the other figures all include sales tax.

(b)?A customer's balance of $2,420 has been offset against his balance of $3,650 in the payables ledger.

(c)?A supplier's account in the payables ledger, with a debit balance of $800, has been included on the list of payables as

a credit balance

What is the corrected balance on the payables ledger control account?

A

?$130,585

B

$144,835

C

$98,429

D

$128,985

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.

?What is the revised total of the balances in the receivables ledger after the errors have been corrected?

A

$15,105

B

$16,195

C

$16,495

D

$16,915

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?

A

1, 3, 4 and 5 only

B

1, 4 and 5 only

C

1, 2, 5 and 6 only

D

2, 3, 6 and 7 only

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?

A

$14,440

B

$15,760

C

$17,560

D

$17,860

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?

A

$30,879

B

$30,985

C

$32,123

D

$32,229

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?

A

$68,439

B

$68,538

C

$68,566

D

$68,665

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

A

As an expense account

B

As a non-current liability

C

As a current asset

D

As a current liability

材料全屏

Mr Yousef

The following trial balance has been extracted from the ledger of Mr Yousef, a sole trader.

TRIAL BALANCE AS AT 31 MAY 20X6


The following additional information as at 31 May 20X6 is available.

1 Rent is accrued by $210.

2 Insurance has been prepaid by $880.

3 $2,211 of carriage represents carriage inwards on purchases.

4 Equipment is to be depreciated at 15% per annum using the straight-line method

5 The allowance for receivables is to be increased by $40.

6 Inventory at the close of business has been valued at $13,551.

69

【論述題】

?Prepare a statement of profit or loss for the year ended 31 May 20X6.(8 marks)

Prepare a statement of financial position as at that date.? ? ? ? ? ??

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