題目

The following information relates to Eva Co's sales tax for the month of March 20X3:

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

Sales (including sales tax)?????????? ?109,250

Purchases (net of sales tax)????????? 64,000

Sales tax is charged at a flat rate of 15%. Eva Co's sales tax account showed an opening credit balance of $4,540 at the

beginning of the month and a closing debit balance of $2,720 at the end of the month.

What was the total sales tax paid to regulatory authorities during the month of March 20X3?

A

$6,470.00

B

?$11,910.00

C

$14,047.50

D

?$13,162.17

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Chapter13Salestax

?SALES TAX CONTROL ACCOUNT

????????????????????????????????????????????

???????????????????????????????????????? ??? ?$???????????????????????????????????????????????b/d??????????????????????????????????????? ??$?

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?4,540

Purchases ($64,000 x 15%)?? 9,600?????????????????Sales ($109,250 x 15%/115%)???????????????14,250

... Cash??????????????????????????????????????????????????????????????????????????????? 11,910????????????????????????????????????? ?c/d?

?2,720???????????????????????????????????????????????????????????????????????????????????21,510??????????????????????????????????21,510

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?

A

The fair presentation concept

B

?The accruals concept

C

The going concern concept

D

?The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

?The going concern concept

D

The business entity concept

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

A

1?and?2

B

2?and?3

C

?1?and?4

D

3?and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

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?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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