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1.Are1.ArethefollowingstatementsabouttheeffectofanaccruedexpensetrueorProfitis√N(yùn)etassetsare√Charleshasreceivedthepurchaseofavehicleasmotorexpenses.Thishasresultedinthemisstatementofbothmotorexpensesanddepreciationwithinthestatementofprofitorloss.WhatimpactwillthiserrorhaveonCharles’profit?ProfitProfitDepreciation√Motorexpense√本來應(yīng)該計(jì)入折舊，但是卻計(jì)入費(fèi)用Joanhaspurchasedofficefurnitureandhastreatedthecostasarevenueexpense.Whatistheimpactofthiserror?Non-current√√WhichFOURofthefollowingaresourcebanksalespurchasesalesdaycreditpettycashpurchasedayShouldthefollowingerrorsbehighlightingbytheextractionofatrialDiscountsreceivedwerecreditedtoreceivablesanddebiteddiscounts√Rentpaidbychequewascreditedtobankbutnootherwere√MarlinhastotalledthesettlementdiscountsonthereceipteofhiscashbookWhichTWOofthefollowingaccountsshouldthistotalbepostedto?receivablesdiscountspayablesdiscounts e，所以和有關(guān)，那么就是receivable和discountWhichofthefollowingtransactionshasbeencorrectly○withdrawsgoodsforownDrpurchasesCrcapital○debtrecovered:DrcashCrreceivablesexpense○SalesDrsalesCrreturnsinwards○agreementwithBranchand alaccountinsales alaccountinpurchases8.Summer8.SummerCohasthefollowinginformationat31Dec＄TradereceivablescontrolAllowanceforHowshouldthetradereceivablesbalancebepresentedinSummer’sstatementoffinancialpositionat31Dec20X5?currentassets:tradereceivablescurrentassets:tradereceivablesCurrentliabilities:allowanceforreceivablescurrentassets:tradereceivablescurrentassets:tradereceivablesCurrentliabilities:allowanceforreceivablesAt31Oct20X8Oliviahasareceivablesbalanceof＄54,990.Duringtheyearended31Oct20X8Oliviamadetotalsalesof＄320,000ofwhich＄32,650werecashsales.WhatisthereceivabledayscollectionperiodforOliviaat31Oct20X8(tothenearestwhole WhichTWOofthefollowingaretrueofpreferencepreferencesharesarepaidbeforeordinaryshareholdersintheeventofathepreferencedividendisalwayshigherthantheordinarythepreferencedividendispaidinprioritytotheordinarypreferenceshareshavemorevotingrightsthanordinaryWhatimpactdothefollowinghaveonprofitinthestatementofprofitorIncreaseinDecreaseinRecoveryofadebtpreviouslywritten√Decreaseinallowancefor√InaccordancewithIAS2Inventories,whatisthedefinitionofnetrealisablesellingpricelesscoststocompletionandsellingsellingpricepluscoststocompletionandsellingpurchasecostpluscostsofconversionandstoragepurchasecostpluscostsofconversionandsellingWhichofthefollowingstatementsregardingeventsafterthereportingperiodisadjustingeventsarethoseeventsthatprovideadditionalevidenceofconditionsexistingatthereportingdateadjustingeventsconcernconditionswhichonlyexistbetweenthereportingdateandthedatethefinancialstatementsareapprovedbythedirectorsnon-adjustingeventsmustalwaysbedisclosedinthenotestothefinancialnon-adjustingeventsprovideadditionalevidenceofconditionsexistingatthereportingWhichofthefollowingareexamplesoftheapplicationoftheaccrualstherecordingoftangiblenon-currentassetsathistoricTherecordingofinventoryatthelowerofcostandnetrealisableThedeductionofclosinginventoryfrompurchasesandopeninginventoryinordertocalculatecostofsales1,2and32and32In20X6ABCwassuedbyXYZanditisprobablethatABCwillhavetopay＄20,000.On1Mar20X7newlegislationwillcomeintoforcerequiringABCtofitsafetyguardstoitsmachinery.Thecostoffittingtheguardsisestimatedat＄40,000WhatamountshouldbeprovidedbyABCinrespectoftheseeventsintheyearended31Dec 3Atofthemonththefollowingbalancesareextractedfromthedaybooks:Thepurchasedaybooktotalis＄4,500ThepurchasereturnsdaybooktotalisThecashpaymentsbookhastotalpaymentstocreditrof＄3,000andsettlementdiscountsreceivedtotalling＄150TheopeningbalanceontheaccountspayablescontrolaccountisWhatisthebalanceontheaccountspayablescontrolaccountatofthe Whichofthefollowingstatementscorrectlyexplainwhycompanymanagerscalculateandinterpretratios?tocheckthattheinformationinthefinancialstatementsiscompleyTomonitorkeyperformanceareasintheTocheckthatindividualbusinessunitsareperformingas1,2and21and32and3Jason’ssuspenseaccounthasadebitbalanceofWhichofthefollowingerrorsaccountforthesuspenseaccountthebankoverdraftof＄600wasenteredonthecreditsideofthetrialmotorexpensesof＄300wereenteredonthecreditsideofthetrial eof＄300wasenteredonthedebitsideofthetrialthecreditcolumnofthetrialbalancewasovercastbyJanehadthefollowingassetsandliabilitiesatthebeginningandendofherfinancialBeginningofEndof＄＄TradeShort-termTradeDuringtheyear,Janemadeaprofitof＄26,700andnocapitalwasintroducedHowmuchdidJanewithdrawduringtheyear? 期初的 期末的 Jamiehasacreditbalanceof＄500asperhisbankstatementforSept20X1.Whatdoesthisbalancerepresent?Jamiehasreceivedatotalof＄500inJamiehas＄500inhisbankJamiehasanoverdraftof＄500attheJamiehaspaidatotalamountof＄500inInaccordancewithIAS2Inventories,whichofthefollowingitemsmustbeincludedinadisclosurenotewithinthefinancialstatements:thetotalcarryingamountofinventoryandthecarryingamountineachclassificationofTheamountofanywrite-downofinventoryrecognisedasanexpenseintheTheaccountingpoliciesadoptedinmeasuring1and32and31,2and1and2財(cái)務(wù)報(bào)表附注不可能每個(gè)存貨種類的細(xì)TheaccountantofABCCoextractedabalanceof＄85,105fromthetradepayablescontrolaccount.Whilstcarryingoutareconciliationofthebalancesontheaccountspayablescontrolaccountwiththelistofbalancesonthepayablesledger,thefollowingerrorswereidentified:apaymenttoacreditrfor＄55hadbeenmadefrompettycashbuthadnotbeenrecordedinthepayablescontrolaccountDiscountsreceivedof＄32hadbeenrecordedasdiscountsGoodscosting＄140hadbeenreturnedtotherbutthistransactionhadnotbeenThepurchasedaybookwasovercastbyWhatisthebalanceontheaccountspayablesledgercontrolaccountafteradjustingfortheseGHIhas＄10,00050cordinarysharesand＄300,0007%preferencesharesinissueat1Jan20X7.Anordinarydividendof2cpershareandthepreferencedividendwerepaidduringtheyearended31Dec20X7.Theordinarydividendis√Thepreferencedividendis√10000/0.5=200000.02Arethefollowingstatementsaboutnon-currentassetstrueorWhenlandisrevaluedupwards,thedepreciationchargewill√Whennon-currentassetsaresold,thecostandaccumulateddepreciationrelatingtotheassetsareeliminatedfromthe√ThefollowingfiguresareasummaryofWDT’scalculationsusedtoprepareitsstatementofcashProfitbeforeLossondisposalofRevaluationofIncreaseintradeDecreaseinDepreciationWhatisthetotalnetcashinflowfromoperating Whichofthefollowingstatementsisnon-currentassetsshouldalwaysberevaluedannuallysothatvaluesinthestatementoffinancialpositionarekeptup-to-dateself-constructedassetsshouldbedepreciatedfromthedateconstruction ofeachaccountingperiodtheresidualvalueandusefullifeofanon-currentassetshouldbereviewedtheusefullifeofatangiblenon-currentassetcannotbemorethan20Rajeshrunsabusinesssellingcomputerstoindividuals.Histermsofsaleareprimarilycashondeliverywithlargecustomersallowed14dayscredit.WhichofthefollowingtransactionsshouldberecognisedasrevenueinRajesh’sfinancialRajeshhasreceivedpaymentfromhislargestcustomerforadeliveryof20computersthattookplacetwoweeksagoacustomerhaspromisedtoplaceanordernextweekforanewrefundabledepositofRajeshhassoldoneofhisdeliveryvanstohisbrotherandhasreceivedpaymentinacompetitorwhohasrunoutofaparticularitemhasaskedRajeshtofulfilasaletoacustomerandRajeshhasdeliveredthegoodsOn31Dec20X8allofFolip’sinventorywasdestroyedbyfire.Thefollowinginformationisavailable:inventoryat1Jan20X8wasvaluedat＄26,950(2)Purchasesfortheyearto31Dec20X8were＄84,600Salesfortheyearto31Dec20X8wereThegrossprofitmarginonsalesrevenuewas30%Whatwasthevalueofinventorydestroyedinthefire? opening+purchase-costofsales=closing(求的期末值Thisisanextractfromal’strialbalancefortheyearend30Jun＄OpeningClosingCarriageDistributionAdministrationDepreciationexpenseissplitequallybetweencostofsalesanddistributionWhatshouldbethecostofsalesfugureshowninal’sstatementofprofitorlossforyearended30June20X8? costofsales=openinginventory+purchases-closinginventoryCostofsales=19500 WhichTWOofthefollowingareexamplesof“intangibleadvertisingcapitaliseddevelopmentrevaluedWhichofthefollowingareADVANTAGEStotheownerofabusinessoperatingasanunincorporatedbusinessasopposedtoanincorporatedbusiness?legalseparationoftheentityfromtheowners(2)Unlimitedliability21andneither1nor1Whenpreparingabankreconciliation,whichTWOofthefollowingwouldrequireacorrectingentryinthecashbook?thebankhascreditedinteresttotheaccountinbankchargesof＄154werechargedbythechequeslodgedlastweekhavenotyetbeenclearedbytheachequepaidintothebankhasjustbeendishonouredbytheFrancoisincorrectlypostedhisdiscountsreceivedof＄400byonlymakinganentryinthediscountsreceivedledgeraccount.WhichjournalentryshouldbeusedtocorrectthisDr CrDr CrdiscountDrdiscount CrDr CrLuczieandMirogarelimitedliabilitycompanies.On1Jan20X8Lucziepurchased60%oftheequitysharesinMirogfor＄20m.On1Jun20X8theretainedearningsofMirogwere＄7mandthefairvalueofthenon-controllinginterestinMirogwas＄11m.ThegoodwillarisingontheacquisitionwasThefollowingarethesummarisedstatementsoffinancialpositionofthetwocompaniesasat31MarStatementsoffinancialpositionasat31MarNon-currentIntangible3TangibleInvestments,atCurrentTradeOthercurrent4TotalEquityandOrdinarysharecapital(＄1RetainedCurrentTradeOthercurrent7TotalequityandDuringtheyearended31Mar20X9,Lucziesoldinventorycosting＄20mtoMirogfor＄24m.Miroghadresoldalloftheseitemsby31May20X9butstillowes＄9mtoLuczieinrespectoftheseTaskCompletetheconsolidatedstatementoffinancialpositionforConsolidatedstatementoffinancialpositionasat31MarNon-currentIntangibleTangibleCurrentTradeOthercurrentTotalEquityandEquityattributabletoownersoftheOrdinarysharecapital(＄1RetainedNon-controllingTotalCurrentTradeOthercurrentTotalequityandTaskOn30Apr20X9Lucziepurchased25%ofthevotingsharesinGremble.OneofLuczie’sdirectorswillsitonthofGremble.WhatistherelationshipbetweenLuczieandGrembleisasubsidiaryofGrembleisatradeinvestmentofThereisnorelationshipbetweenGrembleandGrembleisanassociateofTaskThebasicprincipleofequityaccou