題目

The payables ledger control account below contains a number of errors:

?????????????????????????? PAYABLES LEDGER CONTROL ACCOUNT

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

Opening balance (amounts owed to suppliers)???????? 318,600?????????????? Purchases???????????????????????????????? 1,268,600

Cash paid to suppliers???????????????????????????????????????????????1,364,300?????????? Contras against debit???????????????? ?48,000

Purchases returns??????????????????????????????????????????????????????41,200??????????????? balances in???????????????????????????????? 8,200

Refunds received from suppliers??????????????????????????????? ?2,700????????????????receivables ledger?????????????????????? 402,000

??????????????????????????????????????????????????????????????????????????????? ??$1,726,800???????? Discounts received????????????????????? $1,726,800

??????????????????????????????????????????????????????????????????????????????????????????????????????????? ? Closing balance

All items relate to credit purchases.

What should the closing balance be when all the errors are corrected?

A

$128,200

B

$509,000

C

$224,200

D

$144,600

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

Purchases returns????? ?41 ,200??????????? Bal b/f????????????? ?318,600

Cash paid??????????????? ?1,364,300???????? Purchases????????1,268,600

Discounts received???????? 8,200?????????? Refunds?????????? ?? 2,700

Contras??????????????????????? ?48,000??????????

?Bal c/f???????????????????????? 128,200???

????????????????????????????????? 1,589,900???????????????????????????????????? ?1,589,900

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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