Based on the above information, what figure should appear in A’s income statement for the year ended 30 November 2011 for purchases?

1 .A company’s trial balance failed to agree, the totals being:Debit　　USD815,602Credit　　USD808,420Which one of the following errors could fully account for the difference?

A The omission from the trial balance of the balance on the insurance expense account USD　7,182 debit B Discount allowed USD　3,591 debited in error to the discount received account C No entries made in the records for cash sales totalling USD　7,182 D The returns outwards total of USD　3,591 w...

题型: 单选题 提问时间: 2021-08-22

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3 .Which of the following factors could cause a company’s gross profit percentage on sales to fall below the expected level?

A Overstatement of closing inventories B The incorrect inclusion in purchases of invoices relating to goods supplied in the following period C The inclusion in sales of the proceeds of sale of non-current assets.

题型: 单选题 提问时间: 2021-08-22

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4 .Based on these figures, what is Orset’s sales figure for the year ended 30 June 2011?

A USD2,352,000 B USD1,038,000 C USD1,008,000 D USD917,280

题型: 单选题 提问时间: 2021-08-22

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