Which TWO of the following statements about bank reconciliations are correct? (1)If a cheque received from a customer is dishonoured after date, a credit entry in the cash book is required.(2)A difference between the cash book and the bank statement must be corrected by means of a journal entry.(3)Bank charges not yet entered in the cash book should be dealt with by an adjustment in thebank reconciliation.(4)Lodgements recorded in the cash book before the date of reconciliation but credited by the bank after that date will reduce an overdrawn balance in the bank statement.

1 .According to IAS 2 “Inventories”, which of the following costs should be included in valuing the inventories of a manufacturing company? (1)Carriage inwards(2)Carriage outwards(3)Depreciation of factory plant(4)General administrative overheads

A 1 and 3 only B 2 and 3 only C 1 and 4 only D 2 and 4 only

题型: 单选题 提问时间: 2021-08-22

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3 .Samantha has extracted a trial balance and created a suspense account with a credit balance of USD759 to make it balance. Samantha found the following:(1) A sales invoice for USD4,569 has not been entered in the accounting records(2) A payment of USD1,512 has been posted correctly to the payables control account but no other entry has been made.(3) A credit sale of USD131 has only been credited to the sales account.What is the remaining balance on the suspense account after these errors have been corrected?

A USD3,810 debit B USD622 debit C USD890 credit D USD2,140 credit

题型: 单选题 提问时间: 2021-08-22

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4 .Aubrey made a profit for the year of USD345,687 and has closing net assets of USD435,195. During the financial year, capital of USD60,000 was introduced which consisted of USD40,000 in cash and USD20,000 in non-current assets. Drawings of USD6,000 were taken out of thebusiness each month. What was the opening balance of net assets?

A USD768,882 B USD121,508 C USD101,508 D USD35,508

题型: 单选题 提问时间: 2021-08-22

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