快速查题-ACCA英国注册会计师试题

Exam focus point. This question provides excellent practise of the knowledge and skills required to tackle long questions that may appear in Section B of the paper-based exam. However, the question is slightly longer, and the mark allocations lower,

than a typical 15 mark exam question. Use this question to practise the techniques required to score well in longer Section B

financial statement questions.

You have also been provided with the following information:

(a) Inventory at 31 October 20X6 was valued at $275,000 based on its original cost. However, $45,000 of this inventory has been in the warehouse for over two years and the directors have agreed to sell it in November 20X6 for a cash price of $20,000.

(b) The marketing expenses include $5,000 which relates to November 20X6.

(c) The allowance for receivables is to be increased to the equivalent of 5% of trade receivables.

(d) There are wages and salaries outstanding of $40,000 for the year ended 31 October 20X6.

(e) Buildings are depreciated at 5% of cost. At 31 October 20X6 the buildings were professionally valued at $1,800,000 and

the directors wish this valuation to be incorporated into the financial statements.

(f) Depreciation is to be charged as follows:

(i) Motor vehicles at 20% of carrying amount

(ii) Furniture and equipment at 20% of cost

(g) No dividends have been paid or declared.

(h) Tax of $150,000 is to be provided for the year.

(i) During October 20X6 a bonus issue of one for ten shares was made to ordinary shareholders. This has not been entered

into the books. The share premium account was used for this purpose.

Shuswap

Exam focus point. This question provides excellent practise of the knowledge and skills required to tackle long questions that may appear in Section B of the paper-based exam. However, the question is slightly longer, and the mark allocations lower, than a typical 15 mark exam question. Use this question to practise the techniques required to score well in longer Section B financial statement questions.

he draft statement of financial position shown below has been prepared for Shuswap, a limited liability company, as at 31

December 20X4：

The following further information is available:

1 It has been decided to revalue the land and buildings to $12,000,000 at 31 December 20X4.

2 Trade receivables totalling $200,000 are to be written off.

3 During the year there was a contra settlement of $106,000 in which an amount due to a supplier was set off against the amount due from the same company for goods sold to it. No entry has yet been made to record the set-off.

4 Some inventory items included in the draft statement of financial position at cost $500,000 were sold after the reporting date for $400,000, with selling expenses of $40,000.

5 The suspense account is made up of two items：

Exam focus point. This question provides excellent practise of the knowledge and skills required to tackle long questions that may appear in Section B of the paper-based exam. However, the question is slightly longer, and the mark allocations lower,

than a typical 15 mark exam question. Use this question to practise the techniques required to score well in longer Section B

financial statement questions.

You are presented with the following trial balance of Malright, a limited liability company, at 31 October 20X7.