快速查题-ACCA英国注册会计师试题

A business has compiled the following information for the year ended

Opening inventory Purchases Closing inventory

The gross profit as a percentage of sales is always 40%

Based on these figures, what is the sales revenue for the year?

 Which of the following calculations could produce an acceptable figure for a trader's net profit for a period if no accounting

records had been kept?

 A sole trader fixes his prices to achieve a gross profit percentage on sales revenue of 40%. All his sales are for cash. He

suspects that one of his sales assistants is stealing cash from sales revenue.

His trading account for the month of June 20X3 is as follows:

                                             $

Recorded sales revenue  181,600

Cost of sales                    114,000

Gross profit                        67,600

Assuming that the cost of sales figure is correct, how much cash could the sales assistant have taken?

The following information is relevant for questions 20.4 and 20.5.

A is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit

customers and suppliers for the year ended 30 November 20X3.

                                                                                                                                         $

Trade receivables, 1 December 20X2                                                                           130,000

Trade payables, 1 December 20X2                                                                                  60,000

Cash received from customers                                                                                       686,400

Cash paid to suppliers                                                                                                    302,800

Discounts allowed                                                                                                              1,400

Discounts received                                                                                                             2,960

Irrecoverable debts                                                                                                            4,160

Amount due from a customer who is also a supplier offset against an amount due 

for goods supplied by him                                                                                                  2,000

Trade receivables, 30 November 20X3                                                                           181,000

Trade payables, 30 November 20X3                                                                                84,000

 Based on the above information, what figure should appear in A's statement of profit or loss for the year ended 30

November 20X3 for sales revenue?

During the year dividends paid were $270,000.

The following information is available for Sioux, a limited liability company：Statements of financial position

1 During the year non-current assets which had cost $800,000, with a carrying amount of $350,000, were sold for $500,000.

2 The revaluation surplus arose from the revaluation of some land that was not being depreciated.

3 The 20X3 income tax liability was settled at the amount provided for at 31 December 20X3.

4 The additional loan notes were issued on 1 January 20X4. Interest was paid on 30 June 20X4 and 31 December 20X4.

5 Dividends paid during the year amounted to $750,000.

Prepare the company's statement of cash flows for the year ended 31 December 20X4, using the indirect method, adopting

the format in IAS 7 Statement of cash flows.

Geofost is preparing its statement of cash flows for the year ended 31 October 20X7. You have been presented with the

following information.

GEOFOST

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 OCTOBER 20X7

Profit from operations            15,730

Finance cost                            (730)

Profit before tax                     15,000

Taxation                                 (4,350)

Profit for the year                   10,650

Required

Prepare a statement of cash flows for Geofost for the year ended 31 October 20X7 in accordance with IAS 7 Statement of

cash flows, using the indirect method.

Which one of the following would be an error of principle?

 What is an error of commission?

Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, what is the error known as？