Chapter3-6试题及答案_Chapter3-6考试练习题-猎鹰试题网

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 suppliers

A

Both statements are TRUE

B

Both statements are FALSE

C

Statement 1 is TRUE and statement 2 is FALSE

D

Statement 1 is FALSE and statement 2 is TRUE

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Mr Yousef

The following trial balance has been extracted from the ledger of Mr Yousef, a sole trader.

TRIAL BALANCE AS AT 31 MAY 20X6

Dr Cr

$ $

Sales 138,078

Purchases 82,350

Carriage 5,144

Drawings 7,800

Rent and insurance 6,622

Postage and stationery 3,001

Advertising 1,330

Salaries and wages 26,420

Irrecoverable debts 877

Allowance for receivables 130

Receivables 12,120

Payables 6,471

Cash on hand 177

Cash at bank 1,002

Inventory as at 1 June 20X5 11,927

Equipment at cost 58,000

Accumulated depreciation 19,000

Capital 53,091

216,770 216,770

The following additional information as at 31 May 20X6 is available.

1 Rent is accrued by $210.

2 Insurance has been prepaid by $880.

3 $2,211 of carriage represents carriage inwards on purchases.

4 Equipment is to be depreciated at 15% per annum using the straight-line method.

5 The allowance for receivables is to be increased by $40.

6 Inventory at the close of business has been valued at $13,551.

52

【论述题】

Prepare a statement of profit or loss for the year ended 31 May 20X6.

Prepare a statement of financial position as at that date.

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