职上网在线题库 > ACCA英国注册会计师试题 > F3 > Chapter3-6 > Which of t...

Which of the following are books of prime entry?

1 Sales day book

2 Cash book

3 Journal

4 Purchase ledger

A

1 and 2 only

B

1, 2 and 3 only

C

1 only

D

All of them

扫码查看暗号，即可获得解锁答案！

在此输入暗号

点击获取答案

Chapter5Ledgeraccountsanddoubleentry

The journal, cash book and sales day book are books of prime entry.

多做几道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

The going concern concept

D

The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1 and 2

B

2 and 3

C

1 and 4

D

3 and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

最新试题

该科目易错题

该题目相似题

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personaluse?AThe fair presentation conceptBThe accruals concept C The going concern conceptDThe business entity concept
Bert has extracted the following list of balances from his general ledger at 31 October 20X5： $Sales 258,542Opening inventory 9,649Purchases 142,958Expenses 34,835Non-current assets (carrying amount) 63,960Receivables 31,746Payables 13,864Cash at bank 1,783Capital 12,525What is the total of the debit balances in Bert's trial balance at 31 October 20X5?A$267,049B$275,282 C$283,148D$284,931
Which of the following statements is/are TRUE or FALSE?1 Cash purchases are recorded in the purchases day book.2 The sales day books is used to keep a list of invoices received from suppliersABoth statements are TRUE BBoth statements are FALSECStatement 1 is TRUE and statement 2 is FALSEDStatement 1 is FALSE and statement 2 is TRUE
IAS 2 Inventories defines the items that may be included in computing the value of an inventory of finished goods manu factured by a business.Which one of the following lists consists only of items which may be included in the statement of financial position value of such inventories, according to IAS 2?ASupervisor's wages, carriage inwards, carriage outwards, raw materials BRaw materials, carriage inwards, costs of storage of finished goods, plant depreciation CPlant depreciation, carriage inwards, raw materials, Supervisor's wagesDCarriage outwards, raw materials, Supervisor's wages, plant depreciation
Which of the following should be included in the reconciliation of the carrying amount of tangible non- current assets at the beginning and end of the accounting period? 1 Additions2Disposals3 Depreciation 4 Increases/decreases from revaluations A1 and 3 onlyB1, 2, and 3 onlyC1,3 and 4 D1,2, 3 and 4
A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was:Until 30 June 20X3 $8,400 per yearFrom 1 July 20X3 $12,000 per yearRent was paid quarterly in advance on 1 January, April, July, and October each year.What amounts should appear in the company's financial statements for the year ended 30 ? NovemberRent receivable Statement of financial positionA$9,900 $2,000 in sundry payablesB$9,900 $1,000 in sundry payablesC$10,200 $1,000 in sundry payablesD$9,900 $2,000 in sundry receivables
Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?AA provision is a liability of uncertain timing or amount.BA provision is a possible obligation of uncertain timing or amount.CA provision is a credit balance set up to offset a contingent asset so that the effect on thestatement of financial position is nil. D A provision is a possible asset that arises from past events.
Sales (including sales tax) amounted to $27,612.50, and purchases (excluding sales tax) amounted to $18,000. What is the balance on the sales tax account, assuming all items are subject to sales tax at 17.5%?A$962.50 debit B $962.50 credit C$1,682.10 debitD$1,682.10 credit
Alpha is a sole trader who does not keep proper accounting records.Alpha,s first year of trading was 20X4. From reviewing Alpha,s bank statements and the incomplete records relating to cashmaintained, the following summary has been compiledank and cash summary, Alpha, 20X4 $Cash received from credit customers and paid into the bank 381,600Expenses paid out of cash received from credit customers before banking 6,800Cash sales 112,900Other information, Alpha, 20X4Irrecoverable debts written off 7,200Discounts allowed to credit customers 9,400Closing balance of Trade receivables 0Which of the following correctly represents Alpha's sales figure for 20X4?A$517,900B$112,900C$381,600D$510,900
The accountant at Investotech discovered the following errors after calculating the company's profit for 20X3:(a) A non-current asset costing $50,000 has been included in the purchases account(b) Stationery costing $10,000 has been included as closing inventory of raw materials, instead of stationery expensesWhat is the effect of these errors on gross profit and net profit?AUnderstatement of gross profit by $40,000 and understatement of net profit by $30,000BUnderstatement of both gross profit and net profit by $40,000CUnderstatement of gross profit by $60,000 and understatement of net profit by $50,000 DOverstatement of both gross profit and net profit by $60,000