A business lost inventory that had cost $4,000 in a fire. The inventory was insured and theinsurance company paid $4,000.What is the correct double entry?

1 .On 1 April, your organisation purchased, on credit from XYZ, office equipment with acatalogue price of $1,000, less trade discount of 20% and cash discount of 5%, if paid forwithin 14 days.What is the correct journal entry to record the purchase (ignoring sales tax)?

A B C D

题型: 单选题 提问时间: 2021-08-23

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2 .A non-current asset was disposed of for $2,200 during the last accounting year. It had beenpurchased exactly three years earlier for $5,000, with an expected residual value of $500, andhad been depreciated on the reducing balance basis, at 20% per annum.What was the profit or loss on disposal?

A $360 loss B $150 loss C $104 loss D $200 profit

题型: 单选题 提问时间: 2021-08-23

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3 .Diesel fuel in inventory at 1 April 2013 was $12,500, and there were invoices awaited for$1,700. During the year to 31 March 2014, diesel fuel bills of $85,400 were paid, and adelivery worth $1,300 had yet to be invoiced. At 31 March 2014, the inventory of diesel fuelwas valued at $9,800.What is the charge to profit or loss for diesel fuel for the year to 31 March 2014?

A $85,100 B $87,700 C $88,500 D $91,100

题型: 单选题 提问时间: 2021-08-23

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4 .What does a debit balance of $1,250 on X’s account in the books of Y mean?

A X owes $1,250 to Y B Y owes $1,250 to X C X has returned goods worth $1,250 to Y D X is owed $1,250 by Y

题型: 单选题 提问时间: 2021-08-23

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5 .A sole trader had net assets of $19,000 at 30 April 2014. During the year to 30 April 2014, heintroduced $9,800 additional capital into the business. Profits were $8,000, of which hewithdrew $4,200.How much was his capital at 1 May 2013?

A $3,000 B $5,400 C $13,000 D $16,600

题型: 单选题 提问时间: 2021-08-23

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7 .At 1 April 2013 a business owed $4,100 for electricity, and at 31 March 2014 it owed $4,500.Cash paid during the year amounted to $5,000.What charge for electricity should appear in the income and expenditure account for theyear ended 31 March 2014?

A $4,500 B $4,600 C $5,000 D $5,400

题型: 单选题 提问时间: 2021-08-23

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8 .A landlord of an apartment block prepares accounts to 31 December. At 1 January 2013tenants owed total rents of $1,800, and the total of cash received from tenants during the yearended 31 December 2013 was $35,600. Total rents charged were $2,400 per month fromJanuary, increased to $3,000 per month with effect from 1 June 2013.What is the balance on the rent receivable account at 31 December 2013?

A $800 Dr B $800 Cr C $1,400 Dr D $1,400 Cr

题型: 单选题 提问时间: 2021-08-23

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9 .Pearl has trade receivables at the year end of $150,000. An irrecoverable debt of $3,500 is tobe written off. Pearl has an opening allowance of $1,000 and wishes to maintain anallowance of 5% of year-end accounts receivable.What is the balance carried down on the receivables allowance account after dealingwith the above items?

A $3,825 B $6,325 C $7,325 D $10,825

题型: 单选题 提问时间: 2021-08-23

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10 .

A $85,405 B $41,673 C $35,675 D $17,432

题型: 单选题 提问时间: 2021-08-23

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