題目

The following receivables ledger control account prepared by a trainee accountant contains a number of errors:

RECEIVABLES LEDGER CONTROL ACCOUNT

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

20X4???????????????????????????????????????????????????????????????????? ????????? ?20X4?

1 Jan?Balance????????????????????????????????? ?? ?614,000?????????? 31 Dec Credit sales??????????????????????? 301,000

31 Jan Cash from credit customers??? ?311,000???????? ?? ?Discounts allowed???????????????????????? ? 3,400

?Contras against amounts??????????????????????????????????????????? ??Irrecoverable debts?

?due to suppliers in?????????????????????????????????????????????????????????written off????????????????????????????????????? 32,000?

payables ledger??????????????????????????????????? 8,650??????????????Interest charged on overdue?

????????????????????????????????????????????????????????????????????????????????????? ?accounts???????????????????????????????????? ??? 1,600

??????????????????????????????????????????????????????????????Balance?????????????595,650?????????????????????????????????? ? ? 933,650

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????933,650

What should the closing balance on the control account be after the errors in it have been corrected?

A

$561,550

B

$578,850

C

$581,550

D

$568,350

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Chapter14Controlaccounts

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

Opening balance???????????????????????????????? ??614,000???????????????Cash from customers??????? ????????????????????? ? 311,000

Credit sales?????????????????????????????????????????? ?301,000???????????????Discounts allowed??????????????????????????????????? ? ??3,400

Interest charged on overdue??????????????????????????????????????????? ??Irrecoverable debts written off?????????????????? ?32,000

accounts????????????????????????????????????????????? ???? 1,600???????????????????????? ?Contras????????????????????????????????????????????? ??8,650?

?????????????????????????????????????????????????????????????? 916,600?????????????????? ?Closing balance?????????????????????????????????? ?561,550?

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?916,600

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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