A business purchased a motor car on 1 July 2012 for USD20,000.　It is to be depreciated at 20%per year on the straight line basis, assuming a residual value at the end of five years of USD4,000, with a proportionate depreciation charge in the year of purchase.The USD20,000 cost was correctly entered in the cash book but posted to the debit of the motor vehicles repairs account.How will the business profit for the year ending 31 December 2012 be affected by the error?

1 .During 2011, Benz paid a total of USD60,000 for rent, covering the period from 1 October 2010 to 31 March 2012.What figures should appear in the company’s financial statements for the year ended 31 December 2011?Income statement　　　Statement of financial position

A USD　40,000　　　Prepayment USD　10,000 B USD　40,000　　　Prepayment USD　15,000 C USD　50,000　　　　　Accrual USD　10,000 D USD　50,000　　　　　Accrual USD　15,000

题型: 单选题 提问时间: 2021-08-22

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3 .What is the balance on the receivable ledger control account at 30 September 2011?

A USD71,958 B USD72,000 C USD72,542 D USD76,000

题型: 单选题 提问时间: 2021-08-22

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