快速查题-Chapter15-18试题
栏目导航
筛选结果
共找出61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?
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?