快速查题-ACCA英国注册会计师试题

The balance of the account is the proceeds of sale of some plant on 1 January 20X4 with a carrying amount at the date of sale of $700,000 and which had originally cost $1,400,000. No other accounting entries have yet been made for the disposal apart

from the cash book entry for the receipt of the proceeds. Depreciation on plant has been charged at 25% (straight line basis)

in preparing the draft statement of financial position without allowing for the sale. The depreciation for the year relating to the

plant sold should be adjusted for in full.

The items listed below should be apportioned as indicated. 

 Cost of Distribution Administrativesales costs expenses

                                             %                      %                           %

Discounts received              -                         -                         100

Energy expenses               40                      20                          40

Wages                                40                      25                          35

Directors' remuneration      -                       -                             100

An invoice of $15,000 for energy expenses for October 20X7 has not been received.

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 purchases?

A sole trader fixes her prices by adding 50 per cent to the cost of all goods purchased. On 31 October 20X3 a fire destroyed a considerable part of the inventory and all inventory records.Her trading account for the year ended 31 October 20X3 included

the following figures:

Sales                                              $                         $                          

Opening inventory at cost         183.600              281,250

Purchases                                 249,200

Closing inventory at cost           432,800             228,200

Gross profit                                204.600              53,050

Using this information, what inventory loss has occurred?

A fire on 30 September 20X2 destroyed some of a company's inventory and its inventory records. The following information is available:                                                                                $

Inventory 1 September 20X2                                               318.000

Sales for September 20X2                                                  612.000

Purchases for September 20X2                                          412.000

Inventory in good condition at 30 September 20X2            214.000 

Standard gross profit percentage on sales is 25%

Based on this information, what is the value of the inventory lost?

 A business's bank balance increased by $750,000 during its last financial year. During the same period it issued shares of

$1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $

100,000. Working capital (other than the bank balance) increased by $575,000.

What was its profit for the year?