[单选题]
At its year end of 31 July 2015 Hussar has trade receivables of USD578,645, a loss allowance in respect of Cusack as at 1 August 2014 of USD1,200 and a charge for irrecoverable debts expense of USD3,290. The following have still to be accounted for:(1) Cusack’s account was settled in full in the year;(2) A loss allowance of USD250 is required against the account of Dancer;(3) USD89 was received at 31 July 2015 in respect of an amount written off two years ago, but only the cash book has been updated for this.What amounts should be shown in the financial statements as at 31 July 2015?
A .Statement of profit or loss USD2,251; Statement of financial position USD578,395
B .Statement of profit or loss USD2,340; Statement of financial position USD577,606
C .Statement of profit or loss USD2,340; Statement of financial position USD578,395
D .Statement of profit or loss USD3,451; Statement of financial position USD578,395
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .At 30 September 2014 a company’s allowance for trade receivables amounted to USD38,000, which was 5% of the receivables at that date.At 30 September 2015 receivables totalled USD868,500. It was decided to write off USD28,500 of debts as irrecoverable and to keep the allowance at 5%.What should be the total expense in profit or loss for the year ended 30 September 2015 for irrecoverable debts?
A USD32,500 B USD33,925 C USD42,000 D USD70,500
题型:
单选题
提问时间:
2021-08-24
2 .At 1 July 2014 a company had a loss allowance for receivables of USD83,000.During the year ended 30 June 2015 debts totalling USD146,000 were written off. At 30 June 2015 it was decided that USD218,000 was required as a receivables allowance.What is the total amount that should appear in profit or loss for the year ended 30 June 2015 for irrecoverable debts?
A USD11,000 B USD155,000 C USD281,000 D USD364,000
题型:
单选题
提问时间:
2021-08-24
3 .At 31 December 2015 a company’s trade receivables totalled USD864,000 and the allowance for receivables was USD48,000.It was decided that debts totalling USD13,000 were to be written off, and the receivable allowance adjusted to 5% of the receivables.What figures should appear in the financial statements in respect of receivables (after accounting for the allowance)?
A Profit or loss USD8,200; Statement of financial position USD807,800 B Profit or loss USD7,550; Statement of financial position USD808,450 C Profit or loss USD18,450; Statement of financial position USD808,450 D Profit or loss USD55,550; Statement of financial position USD808,450
题型:
单选题
提问时间:
2021-08-24
4 .At 30 June 2014 a company’s allowance for receivables was USD39,000. At 30 June 2015 trade receivables totalled USD517,000. It was decided to write off debts totalling USD37,000 and to adjust the allowance for receivables to the equivalent of 5% of the trade receivables based on past events.What figure should appear in profit or loss for these items?
A USD22,000 B USD23,850 C USD24,000 D USD61,000
题型:
单选题
提问时间:
2021-08-24
5 .An extract of Moon’s draft trial balance as at 31 October 2015 includes the following: Debit Credit Allowance for receivables as at 1 November 2014 USD6,546 Trade receivables USD251,760 As at 31 October 2015 Grundle’s balance to Moon of USD1,860 is irrecoverable. Blenheim owes USD12,650, but Moon believes a loss allowance of 40% of this amount is necessary.What is the total debit required to Moon’s irrecoverable debts expense account?
A USD374 B USD1,860 C USD3,346 D USD6,920
题型:
单选题
提问时间:
2021-08-24
7 .The revenue of a company was USD4 million and its receivables were 7.5% of revenue. The company wishes to have a loss allowance of 3% of receivables, which would result in an increase of 25% of the current allowance.What is the charge to profit or loss for irrecoverable debts?
A USD1,800 B USD2,250 C USD9,000 D USD12,000
题型:
单选题
提问时间:
2021-08-24
8 .A company purchases all goods on credit. The following payables ledger control account contains some errors: Payables ledger control account USD USD Purchases 963,200 Opening balance 384,600 Discounts received 12,600 Cash paid to suppliers 988,400 Contras with amounts receivable in receivables ledger 4,200 Purchases returns 17,400 Closing balance 410,400 ——— ——— 1,390,400 1,390,400 ——— ——— What should the closing balance be when the errors have been corrected?
A USD325,200 B USD350,400 C USD358,800 D USD376,800
题型:
单选题
提问时间:
2021-08-24
9 .On 1 May, East owed a supplier USD1,200. During the month of May, East:(1) Purchased goods for USD1,700 and the supplier offered a 5% discount for payment within the month.(2) Returned goods valued at USD100 which had been purchased in April.(3) Paid USD1,615 for the goods delivered in May.What is the balance on the supplier’s account at the end of May?
A USD1,015 B USD1,100 C USD1,185 D USD1,300
题型:
单选题
提问时间:
2021-08-24
10 .At 30 September 2015 the closing inventory of a company amounted to USD386,400. The following items were included in this total at cost:(1) 1,000 items which had cost USD18 each. These items were all sold in October 2015 for USD15 each, with selling expenses of USD800.(2) Five items which had been in inventory since 2001, when they were purchased for USD100 each, sold in October 2015 for USD1,000 each, net of selling expenses.What figure should appear in the company’s statement of financial position at 30 September 2015 for inventory?
A USD382,600 B USD384,200 C USD387,100 D USD400,600
题型:
单选题
提问时间:
2021-08-24
