篩選結(jié)果 共找出58

An organisation's asset register shows a carrying amount of $145,600. The non-current asset account in the nominal ledger

shows a carrying amount of $135,600. The difference could be due to a disposed asset not having been deducted from the

asset register. Which one of the following could represent that asset?

A

Asset with?disposal?proceeds of?$15,000 and?a?profit on disposal of $5,000

B

Asset with?disposal?proceeds of?$15,000 and?a?carrying amount of $5,000

C

Asset with?disposal?proceeds of?$15,000 and?a?loss on disposal of $5,000

D

Asset with?disposal?proceeds of?$5,000 and a?carrying amount of $5,000

Which one of the following would occur if the purchase of computer stationary was debited to the computer equipment at cost account?

A

An overstatement of profit and an overstatement of non-current assets

B

An understatement of profit and an overstatement of non-current assets

C

?An overstatement of profit and an understatement of non-current assets

D

An understatement of profit and an understatement of non-current assets?

Which one of the following statements correctly defines non-current assets?

A

Assets that are held for use in the production of goods or services and are expected to be used

during more than one accounting period

B

Assets which are intended to be used by the business on a continuing basis, including both

tangible and intangible assets that do not meet the IASB definition of a current asset

C

Non-monetary assets without physical substance that are controlled by the entity and from which future benefits are expected to flow

D

Assets in the form of materials or supplies to be consumed in the production process

A company bought a property four years ago on 1 January for $ 170,000. Since then property prices have risen substantially

and the property has been revalued at $210,000.The property was estimated as having a useful life of 20 years when it was

purchased. What is the balance on the revaluation surplus reported in the statement of financial position?

A

$210,000

B

$136,000

C

?$74,000

D

$34,000

A business purchased a motor car on 1 July 20X3 for $20,000. It is to be depreciated at 20 per cent per year on the straight

line basis, assuming a residual value at the end of five years of $4,000, with a proportionate depreciation charge in the years

of purchase and disposal.The $20,000 cost was correctly entered in the cash book but posted to the debit of the motor

vehicles repairs account.

How will the business profit for the year ended 31 December 20X3 be affected by the error?

A

Understated by $18,400

B

?Understated by $16,800

C

Overstated by $18,400

D

Overstated by $16,800

A company's policy is to charge depreciation on plant and machinery at 20% per year on cost, with proportional depreciation

for items purchased or sold during a year.

The company's plant and machinery at cost account for the year ended 30 September 20X3 is shown below.PLANT AND

MACHINERY - COST

20X2???????????????????????????????????????????????????????? ???? ??$??????????????????????????????????????????? 20X3?????????????????????? ????????????????????????????? ? ?$

1 Oct 20X3?????????????????? ?? Balance???????????????? 200,000???????? 30 Jun Transfer disposal account?30Sep Balance???? ?40,000

??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 210,000

1 Apr????????????????????Cash-purchase of plant??? 50,000

?????????????????????????????????????????????????????????????????????250,000??????????????????????????????????????????????????????????????????????????????????????????????250,000

What should be the depreciation charge for plant and machinery (excluding any profit or loss on the disposal) for the year

ended 30 September 20X3?

A

$43,000

B

$51,000

C

$42,000

D

?$45,000

The plant and machinery at cost account of a business for the year ended 30 June 20X4 was as follows:

PLANT AND MACHINERY - COST

20X3??????????????????????????????????????????????????????? ???????? ??$????????????????????????????????????????? ?20X31???????????????????????????????????? ?$

1 Jul 20X4???????????? ?Balance??????????????????????????? ?240,000????????30 Sep Transfer disposal account 20X4?????? ?60,000

1 Jan???????????? ?Cash - purchase of plant???????????160,000?????????????????????????????????????????????????????????????????????????????? 340,00

????????????????????????????????????????????????????????????????????????? 400,000??????? 30 Jun Balance?????????????????????????????????????????????400 ,000

The company's policy is to charge depreciation at 20% per year on the reducing balance basis, with proportionate depreciation in the years of purchase and disposal What should be the depreciation charge for the year ended 30 June 20X4?

A

$68,000

B

$64,000

C

$61,000

D

$55,000

A manufacturing company receives an invoice on 29 February 20X2 for work done on one of itsmachines. $25,500 of the cost is actually for a machine upgrade,

which will improve efficiency. The accounts department do not notice and charge the whole amount to maintenance costs.

Machinery is depreciated at 25% per annum on a straight-line basis, with a proportional charge in the years of acquisition and disposal.

By what amount will the profit for the year to 30 June 20X2 be understated?

A

$19,125

B

?$25,500

C

$23,375

D

?$21,250

W bought a new printing machine. The cost of the machine was $80,000. The installation costs were $5,000 and the

employees received training on how to use the machine, at a cost of $2,000. Before using the machine to print customers'

orders, a test was undertaken and the paper and ink cost $1,000.

What should be the cost of the machine in the company's statement of financial position?

A

$80,000

B

?$85,000

C

$86,000

D

$88,000

What are the correct ledger entries to record an acquisition of a non-current asset on credit?

Debit Credit

A

Non-current assets - cost?Receivables

B

Payables?Non-current assets - cost

C

Non-current assets - cost?Payables

D

Non-current assets - cost?Revaluation surplus