F3_ACCA英国注册会计师考试试题及答案P11-新东方在线职业题库

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Exam focus point. This question provides excellent practise of the knowledge and skills required to tackle long questions that may appear in Section B of the paper-based exam. However, the question is slightly longer, and the mark allocations lower,

than a typical 15 mark exam question. Use this question to practise the techniques required to score well in longer Section B

financial statement questions.

You have also been provided with the following information:

(a) Inventory at 31 October 20X6 was valued at $275,000 based on its original cost. However, $45,000 of this inventory has been in the warehouse for over two years and the directors have agreed to sell it in November 20X6 for a cash price of $20,000.

(b) The marketing expenses include $5,000 which relates to November 20X6.

(c) The allowance for receivables is to be increased to the equivalent of 5% of trade receivables.

(d) There are wages and salaries outstanding of $40,000 for the year ended 31 October 20X6.

(e) Buildings are depreciated at 5% of cost. At 31 October 20X6 the buildings were professionally valued at $1,800,000 and

the directors wish this valuation to be incorporated into the financial statements.

(f) Depreciation is to be charged as follows:

(i) Motor vehicles at 20% of carrying amount

(ii) Furniture and equipment at 20% of cost

(g) No dividends have been paid or declared.

(h) Tax of $150,000 is to be provided for the year.

(i) During October 20X6 a bonus issue of one for ten shares was made to ordinary shareholders. This has not been entered

into the books. The share premium account was used for this purpose.

51

【简答题】

The statement of profit or loss for the year ended 31 October 20X6

The following information relates to a bank reconciliation.

(i) The bank balance in the cashbook before taking the items below into account was $8,970 overdrawn.

(ii) Bank charges of $550 on the bank statement have not been entered in the cashbook.

(iii) The bank has credited the account in error with $425 which belongs to another customer.

(iv) Cheque payments totalling $3,275 have been entered in the cashbook but have not been presented for payment.

(v) Cheques totalling $5,380 have been correctly entered on the debit side of the cashbook but have not been paid in at the

bank.

What was the balance as shown by the bank statement before taking the above items into account?

A

$9,520 overdrawn

B

$11,200 overdrawn

C

$9,520 in credit

D

$11,200 in credit

The following bank reconciliation statement has been prepared by a trainee accountant:

BANK RECONCILIATION 30

SEPTEMBER 20X2 $

Balance per bank statement (overdrawn) 36,840

Add: lodgements credited after date 51,240

Less: unpresented cheques 88,080

Balance per cash book (credit) 43,620

44,460

Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?

A

$44,460 credit as stated

B

$60,020 credit

C

$29,220 debit

D

$29,220 credit

Listed below are some possible causes of difference between the cash book balance and the bank statement balance when

preparing a bank reconciliation：1 Cheque paid in, subsequently dishonoured2 Error by bank3 Bank charges4 Lodgements

credited after date5 Unpresented cheques not yet presentedWhich of these items require an entry in the cash book?

A

1 and 3 only

B

1, 2, 3, 4 and 5

C

2, 4, and 5 only

D

4 and 5 only

In preparing a company's bank reconciliation statement at March 20X3, the following items are causing the difference between the cash book balance and the bank statement balance：1 Bank charges $3802 Error by bank $1,000 (cheque incorrectly

debited to the account)3 Lodgements not credited $4,5804 Unpresented cheques $1,4755 Direct debit $3506 Cheque paid in by the company and dishonoured $400Which of these items will require an entry in the cash book?

A

2, 4 and 6

B

1, 5 and 6

C

3 and 4

D

3 and 5

The following bank reconciliation statement has been prepared by a trainee accountant:

Overdraft per bank statement 3,860

Less: unpresented cheques 9,160

Add: deposits credited after date 5,300

16,690

Cash at bank as calculated above 21,990

What should be the correct balance per the cash book?

A

$21,990 balance at bank as stated

B

$3,670 balance at bank

C

$11,390 balance at bank

D

$3,670 overdrawn

Which of the following statements about bank reconciliations are correct?

1 A difference between the cash book and the bank

statement must be corrected by means of a journal entry.

2 In preparing a bank reconciliation, lodgements recorded before date in the cash book but credited by the bank after date should reduce an overdrawn balance in the bank statement.

3 Bank charges not yet entered in the cash book should be dealt with by an adjustment in the bank reconciliation statement.

4 If a cheque received from a customer is dishonoured after date, a credit entry in the cash book is required

A

2 and 4

B

1 and 4

C

2 and 3

D

1 and 3

The following information relates to a bank reconciliation.

(i) The bank balance in the cashbook before taking the items below into account was $8,970 overdrawn.

(ii) Bank charges of $550 on the bank statement have not been entered in the cashbook.

(iii) The bank has credited the account in error with $425 which belongs to another customer.

(iv) Cheque payments totalling $3,275 have been entered in the cashbook but have not been presented for payment.

(v) Cheques totalling $5,380 have been correctly entered on the debit side of the cashbook but have not been paid in at the

bank.

What was the balance as shown by the bank statement before taking the items above into account?

A

$8,970 overdrawn

B

$11,200 overdrawn

C

$12,050 overdrawn

D

$17,750 overdrawn

The following attempt at a bank reconciliation statement has been prepared by Q Co: $ 38,600Overdraft per bank statement

Add: deposits not credited 41,200 79,800Less: unpresented cheques 3,300Overdraft per cash book 76,500Assuming the bank statement balance of $38,600 to be correct, what should the cash book balance be?

A

$76,500 overdrawn, as stated

B

$5,900 overdrawn

C

$700 overdrawn

D

$800 overdrawn

The accountant at Investotech discovered the following errors after calculating the company's profit for 20X3:(a) A non-current asset costing $50,000 has been included in the purchases account(b) Stationery costing $10,000 has been included as

closing inventory of raw materials, instead of stationery expensesWhat is the effect of these errors on gross profit and net

profit?

A

Understatement of gross profit by $40,000 and understatement of net profit by $30,000

B

Understatement of both gross profit and net profit by $40,000

C

Understatement of gross profit by $60,000 and understatement of net profit by $50,000

D

Overstatement of both gross profit and net profit by $60,000

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