篩選結(jié)果 共找出329題

An accountant has inserted all the relevant figures into the trade payables account, but has not yet balanced off the account.

TRADE PAYABLES ACCOUNT $ $Cash at bank 100,750 Balance b/d 250,225Purchases 325,010Assuming there are no

other entries to be made, other than to balance off the account, what is the closing balance on the trade payables account?

A

$474,485 DR

B

$575,235 DR

C

?$474,485 CR

D

$575,235 CR

You are given the following information:

Receivables at 1 January 20X3??????????? ?????????????????????????????? ?$10,000

Receivables at 31 December 20X3???????????????????????????????????? ? $9,000

Total receipts during 20X3 (including cash sales of $5,000 ) $85,000

What are sales on credit during 20X3?

A

$81,000

B

$86,000

C

$79,000

D

$84,000

A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining

$50 in 30 days' time.What is the double entry to record the purchase in the customer’s accounting records?

A

Debit cash $50, credit payables $50, credit purchases $50

B

Debit payables $50, debit cash $50, credit purchases $100

C

Debit purchases $100, credit payables $50, credit cash $50

D

Debit purchases $100, credit cash $100

Tin Co purchases $250 worth of metal from Steel Co. Tin Co agrees to pay Steel Co in 60 days time.What is the double entry

to record the purchase in Steel 0〇!3 books?

A

Debit sales $250, credit receivables $250

B

Debit purchases $250, credit payables $250

C

Debit receivables $250, credit sales $250

D

Debit payables $250, credit purchases $250

The following totals appear in the day books for March 20X8.???????

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

Sales day book?????????????????????????????????? ???????? ? 40,000

Purchases day book??????????????????????????????????? ??20,000

Returns inwards day book????????????????????? ?? ?? ?2,000

Returns outward day book?????????????????????? ???? ?4,000

Opening and closing inventories are both??? ?$3,000.

What is the gross profit for March 20X8?

A

$22,000

B

$24,000

C

$20,000

D

?$18,000

William's trial balance at 30 September 20X5 includes the following balances：

Trade receivables??????????????????????? ?$75,943

Receivables allowance???????????????? ?$4,751

How should these balances be reported in William's statement of financial position as at 30 September 20X5?

A

An asset of $71,192

B

An asset of $75,943 and a liability of $4,751

C

A liability of $71,192

D

A liability of $75,943 and an asset of $4,751

A trial balance is made up of a list of debit balances and credit balances.Which of the following statements is correct?

A

Every debit balance represents an expense.

B

Assets are represented by debit balances.

C

Liabilities are represented by debit balances.

D

Income is included in the list of debit balances

At 30 November 20X5 Jenny had a bank loan of $8,500 and a balance of $678 in hand in her bank account.How should

these amounts be recorded on Jenny's opening trial balance at 1 December 20X5?

A

Debit $7,822

B

?Credit $7,822

C

Credit $8,500 and Debit $678

D

?Debit $8,500 and Credit $678

Bert has extracted the following list of balances from his general ledger at 31 October 20X5：

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

Sales??????????????????????????????????????????????????????????? ? 258,542

Opening inventory???????????????????????????????????????? ?? ?9,649

Purchases?????????????????????????????????????????????????????142,958

Expenses??????????????????????????????????????????????????? ?? ?34,835

Non-current assets (carrying amount)??????????? ?63,960

Receivables?????????????????????????????????????????????????? ? 31,746

Payables???????????????????????????????????????????????????????? ?13,864

Cash at bank???????????????????????????????????????????????????? ?1,783

Capital????????????????????????????????????????????????????????????? 12,525

What is the total of the debit balances in Bert's trial balance at 31 October 20X5?

A

$267,049

B

$275,282?

C

$283,148

D

$284,931

At 31 October 20X6 Roger's trial balance included the following balances:

Machinery at cost??????????????????????????? ?12,890

Accumulated depreciation???????????????? ?8,950

Inventory??????????????????????????????????????????? 5,754

Trade receivables????????????????????????????11,745

Trade payables????????????????????????????????? 7,830

Bank overdraft???????????????????????????????????1,675

Cash at bank??????????????????????????????????????150

What is the value of Roger's current assets at 31 October 20X6?

A

$17,649

B

$17,499

C

$15,974

D

?$13,734