Chapter3-6_F3考试试题及答案-新东方在线职业题库

Which of the following statements is/are TRUE or FALSE?

1 Cash purchases are recorded in the purchases day book.

2 The sales day books is used to keep a list of invoices received from suppliers

A

Both statements are TRUE

B

Both statements are FALSE

C

Statement 1 is TRUE and statement 2 is FALSE

D

Statement 1 is FALSE and statement 2 is TRUE

材料全屏

Mr Yousef

The following trial balance has been extracted from the ledger of Mr Yousef, a sole trader.

TRIAL BALANCE AS AT 31 MAY 20X6

Dr Cr

$ $

Sales 138,078

Purchases 82,350

Carriage 5,144

Drawings 7,800

Rent and insurance 6,622

Postage and stationery 3,001

Advertising 1,330

Salaries and wages 26,420

Irrecoverable debts 877

Allowance for receivables 130

Receivables 12,120

Payables 6,471

Cash on hand 177

Cash at bank 1,002

Inventory as at 1 June 20X5 11,927

Equipment at cost 58,000

Accumulated depreciation 19,000

Capital 53,091

216,770 216,770

The following additional information as at 31 May 20X6 is available.

1 Rent is accrued by $210.

2 Insurance has been prepaid by $880.

3 $2,211 of carriage represents carriage inwards on purchases.

4 Equipment is to be depreciated at 15% per annum using the straight-line method.

5 The allowance for receivables is to be increased by $40.

6 Inventory at the close of business has been valued at $13,551.

52

【论述题】

Prepare a statement of profit or loss for the year ended 31 May 20X6.

Prepare a statement of financial position as at that date.

Tin Co purchases $250 worth of metal from Steel Co. Tin Co agrees to pay Steel Co in 60 days time.What is the double entry

to record the purchase in Steel 0〇!3 books?

A

Debit sales $250, credit receivables $250

B

Debit purchases $250, credit payables $250

C

Debit receivables $250, credit sales $250

D

Debit payables $250, credit purchases $250

The following totals appear in the day books for March 20X8.

$

Sales day book 40,000

Purchases day book 20,000

Returns inwards day book 2,000

Returns outward day book 4,000

Opening and closing inventories are both $3,000.

What is the gross profit for March 20X8?

A

$22,000

B

$24,000

C

$20,000

D

$18,000

William's trial balance at 30 September 20X5 includes the following balances：

Trade receivables $75,943

Receivables allowance $4,751

How should these balances be reported in William's statement of financial position as at 30 September 20X5?

A

An asset of $71,192

B

An asset of $75,943 and a liability of $4,751

C

A liability of $71,192

D

A liability of $75,943 and an asset of $4,751

A trial balance is made up of a list of debit balances and credit balances.Which of the following statements is correct?

A

Every debit balance represents an expense.

B

Assets are represented by debit balances.

C

Liabilities are represented by debit balances.

D

Income is included in the list of debit balances

At 30 November 20X5 Jenny had a bank loan of $8,500 and a balance of $678 in hand in her bank account.How should

these amounts be recorded on Jenny's opening trial balance at 1 December 20X5?

A

Debit $7,822

B

Credit $7,822

C

Credit $8,500 and Debit $678

D

Debit $8,500 and Credit $678

Bert has extracted the following list of balances from his general ledger at 31 October 20X5：

$

Sales 258,542

Opening inventory 9,649

Purchases 142,958

Expenses 34,835

Non-current assets (carrying amount) 63,960

Receivables 31,746

Payables 13,864

Cash at bank 1,783

Capital 12,525

What is the total of the debit balances in Bert's trial balance at 31 October 20X5?

A

$267,049

B

$275,282

C

$283,148

D

$284,931

At 31 October 20X6 Roger's trial balance included the following balances:

Machinery at cost 12,890

Accumulated depreciation 8,950

Inventory 5,754

Trade receivables 11,745

Trade payables 7,830

Bank overdraft 1,675

Cash at bank 150

What is the value of Roger's current assets at 31 October 20X6?

A

$17,649

B

$17,499

C

$15,974

D

$13,734

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