The year end of M Co is 30 November 20X0. The company pays for its gas by a standing order of $600 per month. On 1
December 20W9, the statement from the gas supplier showed that M Co had overpaid by $200. M Co received gas bills for
the four quarters commencing on 1 December 20W9 and ending on 30 November 20X0 for $1,300, $1,400, $2,100 and
$2,000 respectively
Which of the following is the correct charge for gas in M Inc's statement of profit or loss for the year ended 30 November
20X0?
GAS SUPPLIER ACCOUNT
$
Balance b/fwd 200
Bank $600 x 12 7,200 28 February
$
31 May invoice 1,300
31 August invoice 1,400
30 November invoice 2,100
30 November invoice bal. c/d 2,000
600
7,400
GAS ACCOUNT $
28 Februay invoice 1,300
31 May invoice 1,400
31 August invoice 2,100
30 November invoice 2,000 30 November SPL 6，800
6，800
多做几道
Which of the following is a ratio which is used to measure how much a business owes in relation to its size?
A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses
What is the net profit margin?
A company has the following details extracted from its statement of financial position：
$'000
Inventories 1,900
Receivables 1,000
Bank overdraft 100
Payables 1,000
The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry
have a current ratio lower than the norm.
Which of the following statements accurately describes the company’s liquidity position?
Why is analysis of financial statements carried out?
Which of the following transactions would result in an increase in capital employed?
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