F3名习题_ACCA英国注册会计师

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【简答题】

The statement of profit or loss for the year ended 31 May 20X5 shows the following.

$'000

Operating profit 1,042

Interest payable (10)

Profit before taxation 1,032

Taxation (180)

Profit for financial year 852

Which of the following items could appear on the credit side of a receivables ledger control account?

1 Cash received from customers

2 Irrecoverable debts written off

3 Increase in allowance for receivables

4 Discounts allowed5 Sales6 Credits for goods returned by customers7 Cash refunds to customers

A

1, 2, 4 and 6

B

1,2, 4 and 7

C

3, 4, 5 and 6

D

5 and 7

An inexperienced bookkeeper has drawn up the following receivables ledger control account：

RECEIVABLES LEDGER CONTROL ACCOUNT

$ $

Opening balance 180,000 Credit sales 190,000

Cash from credit customers 228,000 Irrecoverable debts written off 1,500

Sales returns 8,000 Contras against payables 2,400

Cash refunds to credit customers 3,300 Closing balance (balancing figure) 229,60

0Discount allowed 4,200

423,500 423,500

What should the closing balance be after correcting the errors made in preparing the account?

A

$130,600

B

$129,200

C

$142,400

D

$214,600

The payables ledger control account below contains a number of errors:

PAYABLES LEDGER CONTROL ACCOUNT

$ $

Opening balance (amounts owed to suppliers) 318,600 Purchases 1,268,600

Cash paid to suppliers 1,364,300 Contras against debit 48,000

Purchases returns 41,200 balances in 8,200

Refunds received from suppliers 2,700 receivables ledger 402,000

$1,726,800 Discounts received $1,726,800

Closing balance

All items relate to credit purchases.

What should the closing balance be when all the errors are corrected?

A

$128,200

B

$509,000

C

$224,200

D

$144,600

The following control account has been prepared by a trainee accountant:

RECEIVABLES LEDGER CONTROL ACCOUNT

A

$395,200

B

$304,300

C

$307,100

D

$309,500

The following receivables ledger control account prepared by a trainee accountant contains a number of errors:

RECEIVABLES LEDGER CONTROL ACCOUNT

$ $

20X4 20X4

1 Jan Balance 614,000 31 Dec Credit sales 301,000

31 Jan Cash from credit customers 311,000 Discounts allowed 3,400

Contras against amounts Irrecoverable debts

due to suppliers in written off 32,000

payables ledger 8,650 Interest charged on overdue

accounts 1,600

Balance 595,650 933,650

933,650

What should the closing balance on the control account be after the errors in it have been corrected?

A

$561,550

B

$578,850

C

$581,550

D

$568,350

Your organisation sold goods to PQ Co for $800 less trade discount of 20% and cash discount of 5% for payment within 14

days. The invoice was settled by cheque five days later Which one of the following gives the entries required to record

BOTH of these transactions?

DEBIT CREDIT

$ $

A

PQ Co 640

Sales 640

Bank 608

Discount allowed 32

PQ Co 640

B

PQ Co 640

Sales 640

Bank 600

Discount allowed 40

PQ Co 640

C

PQ Co 640

Sales 640

Bank 608

Discount received 32

PQ Co 640

D

PQ Co 800

Sales 800

Bank 608

Discount allowed 182

PQ Co 800

Which one of the following is not a purpose of a receivables ledger control account?

A

A receivables ledger control account provides a check on the overall accuracy of the personal

ledger accounts.

B

A receivables ledger control account ensures the trial balance balances.

C

A receivables ledger control account aims to ensure there are no errors in

D

Control accounts help deter fraud.

Which of the following lists is composed only of items which would appear on the credit side of thereceivables control

account?

A

Cash received from customers, sales returns, irrecoverable debts written off, contras against

amounts due to suppliers in the accounts payable ledger

B

Sales, cash refunds to customers, irrecoverable debts written off, discounts allowed

C

Cash received from customers, discounts allowed, interest charged on overdue accounts,

irrecoverable debts written off

D

Sales, cash refunds to customers, interest charged on overdue accounts, contras against

amounts due to suppliers in the accounts payable ledger

The following receivables ledger control account has been prepared by a trainee accountant:

RECEIVABLES LEDGER CONTROL ACCOUNT

$ $

20X5 20X5

1 Jan Balance 318,650 31 Jan Cash from credit customers 181,140

Credit sales 161,770 Interest charged on overdue

accounts 280

Cash sales 84,260 Irrecoverable debts written off 1,390

Discounts allowed to Sales returns from credit

credit customers 1,240

customers 3,990

What should the closing balance at 31 January 20X5 be after correcting the errors in the account?

A

$292,380

B

$295,420

C

$292,940

D

$377,200

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