来源:ACCA/CAT 发布时间:2012-02-04 ACCA/CAT视频 评论
33 A company values its inventory using the FIFO method. At 1 May 20X5 the company had 700 engines in inventory,
valued at $190 each. During the year ended 30 April 20X6 the following transactions took place:
20X5
1 July Purchased 500 engines at $220 each
1 November Sold 400 engines for $160,000
20X6
1 February Purchased 300 engines at $230 each
15 April Sold 250 engines for $125,000
What is the value of the company’s closing inventory of engines at 30 April 20X6?
A $188,500
B $195,500
C $166,000
D $106,000
34 Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 20X8. During the year
ended 31 December 20X8 she paid $65,000 capital into the business and she paid herself wages of $800 per
month.
At 31 December 20X8, Amy had assets of $614,130 and liabilities of $369,770.
What is Amy’s profit for the year ended 31 December 20X8?
A $32,400
B $23,600
C $22,800
D $87,800
35 Bumbly Co extracted the trial balance for the year ended 31 December 20X7. The total of the debits exceeded the
credits by $300.
Which of the following could explain the imbalance?
A Sales of $300 were omitted from the sales day book
B Returns inward of $150 were extracted to the debit column of the trial balance
C Discounts received of $150 were extracted to the debit column of the trial balance
D The bank ledger account did not agree with the bank statement by a debit of $300
36 Are the following statements correct or incorrect?
(1) Discount received should be recorded on the debit side in the payables ledger account
(2) Discount received should be recorded on the debit side in the general ledger
Statement 1 Statement 2
A Correct Correct
B Correct Incorrect
C Incorrect Correct
D Incorrect Incorrect
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