Based on the above information, what figure should appear in A’s income statement for the year ended 30 November 2011 for sales revenue?
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 .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 1, 2 and 4 only C 2 and 3 only D 2, 3 and 4 only
2 .Which of the following costs should be included in valuing inventories of finished goods held by a manufacturing company, according to IAS 2 “Inventories”? (1) Carriage inwards.(2) Carriage outwards.(3) Depreciation of factory plant.(4) Accounts department costs relating to wages for production employees.
A 1 and 4 only B 2 and 3 only C 1, 3 and 4 only D 2, 3 and 4 only
3 .IAS 2 Inventories defines the extent to which overheads are included in the cost of inventories of finished goods.Which of the following statements about the IAS 2 requirements relating to overheads are true? (1) Finished goods inventories may be valued on the basis of labour and materials cost only, without including overheads.(2) Factory management costs should be included in fixed overheads allocated to inventories of finished goods.
A 1 only B 2 only C Both 1 and 2 D Neither 1 nor 2
4 .Which two of the above items would require an entry to the suspense account in correcting them?
A 1 and 2 B 1 and 4 C 2 and 3 D 3 and 4
5 .What would the company’s profit become after the correction of the above errors?
A USD 624,440 B USD 624,760 C USD 625,240 D USD 634,760
7 .A trader who fixes her prices by adding 50% to cost actually achieved a mark-up of 45%.Which of the following factors could account for the shortfall?
A Sales were lower than expected. B Opening inventories had been overstated. C Closing inventories were higher than opening inventories. D Goods taken from inventories by the proprietor were recorded by debiting drawings and crediting purchases with the cost of the goods.
8 .Whose needs are general purpose financial statements intended to meet?
A Shareholders of incorporated entities B The general public C Users of financial statements D Regulatory authorities
9 .Which body develops International Financial Reporting Standards?
A IASB B IFRS Foundation C IFRS IC D IFRS Advisory Council
10 .According to the International Accounting Standards Board, in whose interests are financial reporting standards issued?
A Company directors B The public C Company auditors D The government
