快速查题-ACCA英国注册会计师试题

An accountant has inserted all the relevant figures into the trade payables account, but has not yet balanced off the account.

TRADE PAYABLES ACCOUNT $ $Cash at bank 100,750 Balance b/d 250,225Purchases 325,010Assuming there are no

other entries to be made, other than to balance off the account, what is the closing balance on the trade payables account?

You are given the following information:

Receivables at 1 January 20X3                                            $10,000

Receivables at 31 December 20X3                                       $9,000

Total receipts during 20X3 (including cash sales of $5,000 ) $85,000

What are sales on credit during 20X3?

A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining

$50 in 30 days' time.What is the double entry to record the purchase in the customer’s accounting records?

Tin Co purchases $250 worth of metal from Steel Co. Tin Co agrees to pay Steel Co in 60 days time.What is the double entry

to record the purchase in Steel 0〇!3 books?

The following totals appear in the day books for March 20X8.       

                                                                       $

Sales day book                                              40,000

Purchases day book                                      20,000

Returns inwards day book                             2,000

Returns outward day book                             4,000

Opening and closing inventories are both     $3,000.

What is the gross profit for March 20X8?

William's trial balance at 30 September 20X5 includes the following balances：

Trade receivables                         $75,943

Receivables allowance                  $4,751

How should these balances be reported in William's statement of financial position as at 30 September 20X5?

A trial balance is made up of a list of debit balances and credit balances.Which of the following statements is correct?

At 30 November 20X5 Jenny had a bank loan of $8,500 and a balance of $678 in hand in her bank account.How should

these amounts be recorded on Jenny's opening trial balance at 1 December 20X5?

Bert has extracted the following list of balances from his general ledger at 31 October 20X5：

                                                                         $

Sales                                                              258,542

Opening inventory                                             9,649

Purchases                                                     142,958

Expenses                                                        34,835

Non-current assets (carrying amount)             63,960

Receivables                                                     31,746

Payables                                                          13,864

Cash at bank                                                      1,783

Capital                                                              12,525

What is the total of the debit balances in Bert's trial balance at 31 October 20X5?

At 31 October 20X6 Roger's trial balance included the following balances:

Machinery at cost                             12,890

Accumulated depreciation                  8,950

Inventory                                            5,754

Trade receivables                            11,745

Trade payables                                  7,830

Bank overdraft                                   1,675

Cash at bank                                      150

What is the value of Roger's current assets at 31 October 20X6?