篩選結(jié)果 共找出53題

A trader's net profit for the year may be computed by using which of the following formulae?

A

?Opening capital + drawings - capital introduced - closing capital

B

Closing capital + drawings - capital introduced - opening capital

C

Opening capital - drawings + capital introduced - closing capital

D

Opening capital - drawings - capital introduced - closing capital

The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital of $8,000 during the year and

withdrew goods for his private use which had cost $2,200. If net assets at the beginning of 20X7 were $101,700, what were

the closing net assets?

A

$35,000

B

$39,400

C

$36,400

D

$180,000

The profit made by a business in 20X7 was $35,400. The proprietor injected new capital of $10,200 during the year and

withdrew a monthly salary of $500.If net assets at the end of 20X7 were $95,100, what was the proprietor's capital at the

beginning of the year？

A

?$50,000

B

$55,500

C

$63,900

D

$134,700

A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600.

Which of the following journal entries would correctly record this?

Dr Cr $ $

A

Inventory account Purchases account??? ?800??????????? ?800

B

Drawings account Purchases account??? 800???????????? ?800

C

Sales account Drawings account???????????1,600??????? ?1,600

D

Drawings account Sales account?????????????800??????????? 800

A business can make a profit and yet have a reduction in its bank balance. Which ONE of the following might cause this to

happen?

A

The sale of non-current assets at a los

B

The charging of depreciation in the statement of profit or loss

C

The lengthening of the period of credit given to customers

D

The lengthening of the period of credit taken from suppliers?

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 profit

B

$54,000 loss

C

$42,000 loss

D

$58,000 profit

Jones Co has the following transactions：1 Payment of $400 to J Bloggs for a cash purchase2 Payment of $250 to J Doe in

respect of an invoice for goods purchased last monthWhat are the correct ledger entries to record these transactions?

A

?Dr Cash??????????????????????? ??$650??Cr Purchases???????? ???????? ? $650

B

Dr Purchases????????????????? ?$650???Cr Cash????????????????????????????$650?

C

?Dr Purchases?????????????? ?$400?Dr Trade Payables????????? ?$250???Cr Cash???????????????????????? ? $650

D

?Dr Cash?????????????????????????$650?Cr Trade Payables??????????? $250??Cr Purchases?????????????????? ?$400

T Tallon had the following transactions: 1 Sale of goods on credit for $150 to F Rogit 2 Return of goods from B Blendigg

originally sold for $300 in cash to B Blendigg What are the correct ledger entries to record these transactions?

A

Dr Receivables $150????????? ?Dr Sales Returns $300????????

?Cr Sales $150???????????????????? Cr Cash $300

B

Dr Sales??????????????????????????????????? ?$150?? Dr Cash???????????????????????????????????? $300?

Cr Receivables??????????????????????????$150??? Cr Sales Returns???????????????????????$300

C

Dr Receivables???????? $450????????? Cr Sales $150????????

?Cr Sales Returns?? ?$300

D

Dr Sales Returns????????????????????? ?$300?

?Dr Sales?????????????????????????????????? ?$150??

Cr Cash?????????????????????????????????????$450?

Which of the following documents should accompany a return of goods to a supplier?

A

Debit note

B

Remittance advice

C

Purchase invoice

D

Credit note

Which of the following are books of prime entry?

1 Sales day book

2 Cash book

3 Journal

4 Purchase ledger

A

1 and 2 only

B

1, 2 and 3 only

C

1 only

D

All of them