篩選結(jié)果 共找出329題

Which ONE of the following statements does NOT describe a way in which an effective accounting system facilitates

the provision of useful accounting information?

A

By requiring authorisation in line with organisational policies

B

By processing and recording transactions in accordance with accounting rules

C

By preventing transactions from being processed inaccurately

D

By enabling transactions to be recorded as necessary to permit preparation of financial

statements

Which of the following statements is/are TRUE or FALSE?

1 Cash purchases are recorded in the purchases day book.

2 The sales day books is used to keep a list of invoices received from suppliers

A

Both statements are TRUE

B

Both statements are FALSE

C

Statement 1 is TRUE and statement 2 is FALSE

D

Statement 1 is FALSE and statement 2 is TRUE

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

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Dr? ? ? ? ? ? ? ? ? Cr

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

Sales? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 138,078

Purchases? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??82,350

Carriage? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 5,144

Drawings? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 7,800

Rent and insurance? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 6,622

Postage and stationery? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 3,001

Advertising? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 1,330

Salaries and wages? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?26,420

Irrecoverable debts? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 877

Allowance for receivables? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 130

Receivables? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 12,120

Payables? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 6,471

Cash on hand? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?177

Cash at bank? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?1,002

Inventory as at 1 June 20X5? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 11,927

Equipment at cost? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 58,000

Accumulated depreciation? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 19,000

Capital? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?53,091

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 216,770? ? ? ? ?216,770

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.

52

【論述題】

Prepare a statement of profit or loss for the year ended 31 May 20X6.

Prepare a statement of financial position as at that date.

The lASB's Conceptual Fram are these six characteristics?

A

?Relevance, Faithful representation, Comparability, Verifiability, Timeliness and Understandability

B

Accuracy, Faithful representation, Comparability, Verifiability, Timeliness and Understandability

C

Relevance, Faithful representation, Consistency, Verifiability, Timeliness and Understandability

D

Relevance, Comparability, Consistency, Verifiability, Timeliness and Understandability

Which one of the following is not a qualitative characteristic of financial information according to the Conceptual framework for Financial Reporting?

A

Faithful representation

B

Relevance

C

Timeliness

D

?Accruals

According to the IASB Conceptual framework which of the following is not an objective of financial statements?

A

Providing information regarding the financial position of a business

B

Providing information regarding the performance of a business

C

?Enabling users to assess the performance of management to aid decision making

D

?Providing reliable investment advice

Which of the following statements about accounting concepts and policies is/are correct?1 Companies should never change

the presentation or classification of items in their financial statements, even if there is a significant change in the nature of

operations.2 Companies should create provisions in times of company growth to be utilised in more difficulttimes, to smooth

profits

A

1 only

B

2 only

C

1 and 2

D

Both are?incorrect

Which one of the following can the accounting equation can be rewritten as?

A

Assets + profit - drawings - liabilities = closing capital

B

Assets - liabilities - drawings = opening capital + profit

C

Assets - liabilities - opening capital + drawings = profit

D

Assets - profit - drawings = closing capital - liabilities