Chapter3-6习题_F3_ACCA英国注册会计师

Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700

What are the correct ledger entries to ?

A

Dr Purchases $450 Dr Purchase Returns $700

Cr Cash $450 Cr Trade Payables $700

B

Dr Purchases $450 Dr Trade Payables $700

Cr Purchase Returns $1,150

C

Dr Purchases $450 Dr Trade Payables $250

Cr Purchase Returns $700

D

Dr Purchase Returns $700 Dr Purchases $450

Cr Trade Payables $1,150

Mew Ling has the following transactions:1 Receipt of cash from R Singh in respect of an invoice for goods sold three weeks

ago2 Receipt of cash from S Kalu for cash sales

What are the ledger entries required to record the above transactions?

A

Dr CashCr Sales

B

Dr CashCr SalesCr Trade Receivables

C

Dr SalesCr Cash

D

Dr Trade ReceivablesDr Sales Cr Cash

How is the total of the sales day book recorded in the nominal ledger?

Debit Credit

A

Receivables Receivables Ledger Control Account

B

Receivables Receivables Control Account Ledger

C

Sales Receivables Control Account

D

Receivables SalesControl Account

Are the following statements about debit entries true or false?

1 A debit entry in the cash book will increase an overdraft in the accounts.

2 A debit entry in the cash book will increase a bank balance in the accounts

A

Both true

B

Both false

C

1 true and 2 false

D

1 false and 2 true

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?

A

$474,485 DR

B

$575,235 DR

C

$474,485 CR

D

$575,235 CR

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

$81,000

B

$86,000

C

$79,000

D

$84,000

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?

A

Debit cash $50, credit payables $50, credit purchases $50

B

Debit payables $50, debit cash $50, credit purchases $100

C

Debit purchases $100, credit payables $50, credit cash $50

D

Debit purchases $100, credit cash $100

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?

A

Debit sales $250, credit receivables $250

B

Debit purchases $250, credit payables $250

C

Debit receivables $250, credit sales $250

D

Debit payables $250, credit purchases $250

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?

A

$22,000

B

$24,000

C

$20,000

D

$18,000

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

An asset of $71,192

B

An asset of $75,943 and a liability of $4,751

C

A liability of $71,192

D

A liability of $75,943 and an asset of $4,751

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