A company’s draft financial statements for the year to 31 December showed a profit of USD630,000.However, the trial balance did not agree, and a suspense account appeared in the company’s draft statement of financial position.Subsequent checking revealed the following errors:(1) The cost of an item of plant USD48,000 had been entered in the cash book and in the plant account as USD4,800. Depreciation at the rate of 10% per year (USD480) had been charged.(2) Bank charges of USD440 appeared in the bank statement in December but had not been entered in the company’s records.(3) One of the directors of the company paid USD800 due to a supplier in the company’s payables ledger by a personal cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry for the transaction. (The company does not maintain a payables ledger control account).(4) The payments side of the cash book had been understated by USD10,000.What would the company’s profit become after the correction of the above errors?

1 .The following errors have occurred during Bombardier’s recent accounting period:(1) A discount received from Bernard had been debited to discounts allowed but was correctly treated in the payables control account(2) Goods returned by Cranberry had been debited to Cranberry’s account in the receivables ledger and to the receivables control account but had been correctly treated in the sales accountWhich of these errors would give rise to an entry in a suspense account?

A 1 only B 2 only C Both 1 and 2 D Neither 1 nor 2

题型: 单选题 提问时间: 2021-08-24

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2 .Llama maintains its petty cash records using an imprest system. The total petty cash float is topped up monthly to USD300. Last month the following expenses were paid from petty cash: USD Stationery 36 Tea and coffee 60 Postage stamps 120 In error, the purchase of postage stamps was recorded as USD12 and as a result USD108 cash was added to the petty cash float.Which one of the following will result from the error?

A An imbalance in the trial balance of USD108 and a petty cash balance that is USD108 less than it should be B An understatement of expenses of USD108 and a petty cash balance that is USD192 less than it should be C An understatement of expenses of USD108 and a petty cash balance that is USD108 less...

题型: 单选题 提问时间: 2021-08-24

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3 .Teebee maintains a purchases ledger control account in its general ledger. The bookkeeper is extracting a trial balance from a general ledger.Which of the following errors in postings to the purchases ledger control account could cause the trial balance totals to be unequal?(1) A transposition error(2) An error of omission(3) An error of principle

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

题型: 单选题 提问时间: 2021-08-24

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4 .A company’s trial balance failed to agree, and a suspense account was opened for the difference.Subsequent checking revealed that discounts allowed USD13,000 had been credited to discounts received account and an entry on the credit side of the cash book for the purchase of some equipment USD18,000 had not been posted to the plant and equipment account.Which TWO of the following journal entries would correct the errors? Debit Credit USD USD (1) Discounts allowed 13,000 Discounts received 13,000 Suspense account 26,000 (2) Suspense account 26,000 Discounts allowed 13,000 Discounts received 13,000 (3) Plant and equipment 18,000 Suspense account 18,000 (4) Suspense account 18,000 Plant and equipment 18,000

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

题型: 单选题 提问时间: 2021-08-24

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5 .A company’s draft financial statements for the year to 31 December showed a profit of USD630,000.However, the trial balance did not agree, and a suspense account appeared in the company’s draft statement of financial position.Subsequent checking revealed the following errors:(1) The cost of an item of plant USD48,000 had been entered in the cash book and in the plant account as USD4,800. Depreciation at the rate of 10% per year (USD480) had been charged.(2) Bank charges of USD440 appeared in the bank statement in December but had not been entered in the company’s records.(3) One of the directors of the company paid USD800 due to a supplier in the company’s payables ledger by a personal cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry for the transaction. (The company does not maintain a payables ledger control account).(4) The payments side of the cash book had been understated by USD10,000.Which TWO of the above items would require an entry to the suspense account to correct them?

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

题型: 单选题 提问时间: 2021-08-24

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7 .Hywel’s trial balance includes a total amount for the sum of the individual receivables ledger accounts as listed out at the year end. The trial balance fails to agree and a suspense account is opened. The difference is found to be due to the following errors in Hywel’s ledger accounts:(1) The balance on Markham’s receivables ledger account is USD9,890. This is incorrectly included in the list of balances as USD9,980.(2) A discount allowed to Umberto of USD33 was debited to his receivables ledger account.(3) The sales revenue account is overcast by USD110.Three journals are drafted to correct these errors.What is the overall effect of these journals on the suspense account?

A USD110 Cr B USD46 Cr C USD46 Dr D USD86 Dr

题型: 单选题 提问时间: 2021-08-24

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8 .As at 31 December Isambard’s trial balance failed to balance and a suspense account was opened. When the following errors were discovered and then rectified, the suspense account balance was eliminated.(1) The debit side of the trial balance was undercast by USD692.(2) A payment of USD905 had been credited in the cash book but no other entry in respect of it had been madeWhat was the original balance on the suspense account?

A USD1,597 Dr B USD213 Dr C USD213 Cr D USD1,597 Cr

题型: 单选题 提问时间: 2021-08-24

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9 .下列各项中，属于企业资产的是（　）。

A 计划购买的原材料 B 委托加工物资 C 待处理财产损失 D 预收款项

题型: 单选题 提问时间: 2021-08-24

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10 .下列各项业务中，通常应采用“公允价值”作为计量属性的有(　)。

A 赊购商品形成的应付账款 B 存货的期末计价 C 交易性金融资产的后续计量 D 可供出售金融资产期末计价

题型: 多选题 提问时间: 2021-08-24

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