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?
Dr receivables,????????????????? ?Cr sales
$250????????????????????????????????? ?$22,000
??????????????????????????????????????????? $?????????????????????????? ?$
Sales?????????????????????????????? ?40,000
Returns inwards?????????? ?? ?(2,000)
Opening inventory????????? ? 3,000??????????????? ?????? 38,000
Purchases????????????????????????20,000
Returns outwards???????????? (4,000)
Closing inventory???????????? (3,000)
Gross profit???????????????????? (16,000)???????????????????? 22,000
多做幾道
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal
use?
According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful
representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error
Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
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