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1、 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 1 第 1 章 ACCA F1-F3 模拟题及解析（5）1.A companys trial balance failed to agree,and a suspense account was opened for the difference.Subsequent checking revealed that discounts allowed of$13,000 had been credited to the discounts received account and an entry
2、on the credit side of the cash book for the purchase of some machinery costing$18,000 had not been posted to the plant and machinery account.Which two of the following journal entries would correct the errors?Debit Credit$1.Discounts allowed 13,000 Discounts received 13,000 2 Discounts allowed 13,00
3、0 Discounts received 13,000 Suspense account 26,000 3 Suspense account 26,000 Discounts allowed 13,000 Discounts received 13,000 4 Plant and machinery 18,000 Suspense account 18,000 5 Suspense account 18,000 Plant and machinery 18,000 A.1 and4 B.2 and 5 C.2 and4 D.3 and5 2.A non-current asset was di
4、sposed of for$2,200 during the last accounting year.It had been purchased exactly three years earlier for$5,000,with an expected residual value of$500,and had been depreciated on the reducing balance basis,at 20%per annum.The gain or loss on disposal was:A.$360 loss B.$150 loss C.$104 loss D.$200 pr
5、ofit 3.Extracts from the accounting records of A,a company,relating to the year ended 31 December 20X7 are as follows:Revaluation surplus$230,000 Ordinary interim dividend paid$12,000 Profit before tax$178,000 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 2 Estimated tax liability for year$45,000
6、8%1 Preference shares$100,000 Underprovision for tax in previous year$5,600 Proceeds of issue of 2,000 1 ordinary Shares$5,000 Final ordinary dividend proposed after year end$30,000 What is the total change reported in the statement of changes in equity for the year?A$312,400 B$356,000 C$348,000 D$3
7、42,400 4.ABC is engaged in the following research and development projects:Project 1 It is applying a new technology to the production of heat resistant fabric.The project is intended to last for a further 18 months after which the fabric will be used in the production of uniforms for the emergency
8、services.Project 2 It is considering whether a particular substance can be used as an appetite suppressant.If this is the case,it is expected be sold worldwide in chemists and pharmacies.Project 3 It is developing a material for use in kitchens which is self cleaning and germ resistant.A competitor
9、is currently developing a similar material and for this reason Geranium are unsure whether their project will be completed.The costs associated with which of these projects can be capitalised?A.Projects 1,2 and 3 B.Projects 1 and 2 C.Project 1 only D.Projects 1 and 3 5.You are given the following in
10、complete and incorrect extract from the income statement of a company that trades at a mark up of 25%on cost:$Sales 174,258 Less:cost of goods sold Opening inventory 12,274 Purchases 136,527 Closing inventory X Gross profit X (X)Having discovered that the sales figure should have been$174,825andthat
11、 purchase returns of$1,084and sales returnsof$1,146 have been omitted,the closing inventory should be:A.$8,662 B.$8,774 C.$17,349 D.$17,458 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 3 6.At I October 20X6,Os capital was structured as follows:$Ordinary shares of 25c 100,000 Share premium 30,000
12、On 10 January 20X7,in order to raise finance for expansion,there was a 1 for 4 rights issue at$1.15.The issue was fully taken up.This was followed by a 1 for 10 bonus issue on 1 June 20X7.What is the balance on the share premium account after these transactions?A.$17,500 B.$21,250 C.$107,500 D.$120,
13、000 7.Jason performs an inventory count on 30 December 20X6 ahead of the 31 December year end.He counts 1,200 identical units,each of which cost$50.On 31 December,David sold 20 of the units for$48 each.What figure should be included in Jasons balance sheet for inventory at the year end?A.$60,000 B.$
14、59,000 C.$57,600 D.$56,640 8.The following bank reconciliation statement has been prepared by an inexperienced bookkeeper at 31 December 20X5:$Balance per bank statement(overdrawn)38,640 Add:lodgments not credited 57,910 19,270 Less:unpresented cheques Balance per cash book 43,650 14,260 What should
15、 the final cash book balance be when all the above items have been properly dealt with?A.$43,650 overdrawn B.$33,630 overdrawn C.$5,110 overdrawn D.$72,170 overdrawn 9.Classify the following amounts as current or non-current in Albatross,a limited liability companys accounts:1.A sale has been made o
16、n credit to a customer.They have agreed to terms stating that payment is due in 18 months time.2.A bank overdraft facility of$30,000 is available under an agreement with the bank which extends 2 years.财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 4 3.A company has bought a small number of shares i
17、n another company which it intends to trade.4.A bank loan has been taken out with a repayment date 5 years hence.Current Non-current A 2 and3 1 and 4 B 3 only 1,2 and 4 C 1,2 and 3 4 D 1 and 3 2 and 4 10.The following items have to be considered in finalising the financial statements of Q,a limited
18、liability company:1.The company gives warranties on its products.The companys statistics show that about 5%of sales give rise to a warranty claim.2.The company has guaranteed the overdraft of another company.The likelihood of a liability arising under the guarantee is assessed as possible.What is th
19、e correct action to be taken in the financial statements for these items?Create a Disclose by note No action provision only A 1 2 B 1 2 C 1 and 2 D 1 and 2 11.Which of the following statements are correct according to IAS 10 Events after the balance sheet date?1 Details of all adjusting events must
20、be disclosed by note to the financial statements.2 A material loss arising from the sale,after the balance sheet date,of inventory valued at cost at the balance sheet date must be reflected in the financial statements.3 If the market value of investments falls materially after the balance sheet date
21、,the details must be disclosed by note.4 Events after the balance sheet date are those that occur between the balance sheet date and the date when the financial statements are authorised for issue.A.l and 2 only B.1,3 and 4 C.2 and 3 only D.2,3 and 4 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 5
22、 12.A credit entry of$450 on Xs account in the books of Y could have arisen by:A.X buying goods on credit from Y B.Y paying X$450 C.Y returning goods to X D.X returning goods to Y.13.Inventories should be valued at the lower of cost and net realisable value.Which ONE of the following accounting conc
23、epts governs this?A.Comparability B.Prudence C.Going concern D.Materiality 14.ABC,a leasing apartment company,received cash totaling$838,600 from tenants during the year ended 31 December 20X6.Figures for rent in advance and in arrears at the beginning and end of the year were:31 December 20X5 31 De
24、cember 20X6$Rent received in advance 102,600 88,700 Rent in arrears(all subsequently received)42,300 48,400 What amount should appear in the companys income statement for the year ended 31 December 20X6 for rental income?A.$818,600 B.$738,000 C.$939,200 D.$858,600 15.Which of the following items cou
25、ld appear as items in a companys cash flow statement?1 A bonus issue of shares 2 A rights issue of shares 3 The revaluation of non-current assets 4 Dividends paid A.All four items B.1,3 and 4 only C.2 and 4 only D.2 and 3 only 16.The Standards Advisory Council are responsible for:(1)issuing guidance
26、 in relation to emerging issues (2)advising the IASB on major standard-setting projects A.1 and2 B.1 only C.2 only D.neither 1 nor two 17.The trial balance of MHSB does not balance at the year end.What type of error may explain this?A.Extraction error B.Error of commission C.Compensating error D.Err
27、or of original entry 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 6 18.Ellen is registered for sales tax.During May,she sells goods with a tax exclusive price of$600 to Kyle on credit.As Kyle is buying a large quantity of goods,Erin reduces the price by 5%.She also offers a discount of another 3%
28、if Kyle pays within 10 days.Kyle does not pay within the 10 days.If sales tax is charged at 17.5%,what amount should Ellen charge on this transaction?A.$96.60 B.$101.85 C.$99.75 D.$105.00 19.Which of the following statements is true?1.In a computerised system,all accounting personnel will have acces
29、s to all records.2.The general ledger in a computerised system tends to take the same format as that in a manual system,i.e.a number of T accounts.A.Neither 1 nor 2 B.Both 1 and 2 C.1 only D.2 only 20.Details of AIGs insurance policy are shown below:Premium for year ended 31 March 20X6 paid April 20
30、X5.$10,800 Premium for year ending 31 March 20X7 paid April 20X6$12,000 What figures should be included in the companys financial statements for the year ended 30 June 20X6?Income Statement Balance sheet$A.11,100 9,000 prepayment B.11,700 9,000 prepayment C.11,100 9,000 accrual.D.11,700 9,000 accrua
31、l 21.A business sales(receivables)ledger control account did not agree with the total of the balances on the receivables ledger.An investigation revealed that the sales day book had been overcast by$10.What effect will this have on the discrepancy?A.the control account should be credited with$10 B.t
32、he control account should be debited with$10 C.the ledger total should be decreased by$10 D.the ledger total should be increased by$10 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 7 22.A companys trial balance failed to agree,and a suspense account was opened for the difference.Subsequent checkin
33、g revealed that discounts allowed of$13,000 had been credited to the discounts received account and an entry on the credit side of the cash book for the purchase of some machinery costing$18,000 had not been posted to the plant and machinery account.Which two of the following journal entries would c
34、orrect the errors?Debit Credit$1 Discounts allowed 13,000 Discounts received 13,000 6 Discounts allowed 13,000 Discounts received 13,000 Suspense account 26,000 7 Suspense account 26,000 Discounts allowed 13,000 Discounts received 13,000 8 Plant and machinery 18,000 Suspense account 18,000 9 Suspens
35、e account 18,000 Plant and machinery 18,000 A.1 and4 B.2 and 5 C.2 and4 D.3 and5 23.Which one of the following statements is correct?A.The prudence concept requires assets to be understated and liabilities to be overstated.B.To comply with the law,the legal form of a transaction must always be refle
36、cted in financial statements.C.If a non-current asset initially recognised at cost is revalued,the surplus must be credited in the income statement.D.In times of rising prices,the use of historical cost accounting tends to understate assets and overstate profits.24.A sales ledger control account sho
37、wed a debit balance of$37,642.The individual customers accounts in the sales ledger showed a total of$35,840.The difference could be due to:A.undercasting the sales day book by$1,802 B.overcasting the sales returns day book by$1,802 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 8 C.entering a cash
38、 receipt of$1,802 on the debit side of a customers account D.entering a cash discount allowed of$901 on the debit side of the control account.25.Where,in a companys financial statements complying with International accounting standards,should you find the proceeds of non-current assets sold during t
39、he period?A.Cash flow statement and balance sheet B.Statement of changes in equity and balance sheet C.Income statement and cash flow statement D.Cash flow statement only 26.Which one of the following should be accounted for as capital expenditure?A.The cost of painting a building.B.The replacement
40、of windows in a building.C.The purchase of a car by a garage for re-sale.D.Legal fees incurred on the purchase of a building.27.Lee and Ham are in partnership,trading as Furniture.They have made a profit of$14,750 in the year ended 31 May 20X5.The partnership agreement provides for a salary of$12,00
41、0 to Lee and interest on capital at 3%.Remaining profits are shared in the ratio 1:4 At the start of the year,Lee had invested$10,000 in the business and Ham$20,000.What share of profit does Ham receive?A.$370 B.$1,480 C.$2,080 D.$12,670 28.The sales account is:A.credited with the total of sales mad
42、e,including sales tax B.credited with the total of sales made,excluding sales tax C.debited with the total of sales made,including sales tax D.debited with the total of sales made,excluding sales tax.29.Inventory movements for product X during the last quarter were as follows:January Purchases 10 it
43、ems at$19.80 each February Sales 10items at$30 each March Purchases 20items at$24.50 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 9 Sales 5 items at$30 each Opening inventory at 1 January was 6 items valued at$15 each.Gross profit for the quarter,using the continuous weighted average cost method
44、would be:A.$135.75 B.$155.00 C.$174.00 D.$483.00 30.The following information is available about a companys dividends:Sept 20X5 Final dividend for the year ended 30 June 20X5 paid$100,000 (declared August 20X5)March 20X6 Interim dividend for the year ended 30 June 20X6$40,000 paid Sept 20X6 Final di
45、vidend for the year ended 30 June 20X6 paid$120,000 (declared August 20X6)What figures,if any,should be disclosed in the companys income statement for the year ended 30 June 20X6 and its balance sheet at that date?Income statement Balance sheet A.$160,000 deduction$120,000 B.$140,000 deduction Nil C
46、.Nil$120,000 D.Nil Nil 试题答案 1.【答案】C 2.【答案】A 3.【答案】D 4.【答案】C 5.【答案】B 6:【答案】C 7:【答案】D 8.【答案】B 9.【答案】C 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 10 10.【答案】A 11【答案】D 12.【答案】D 13.【答案】B 14.【答案】D 15.【答案】C 16.【答案】C 17.【答案】A 18.【答案】A 19.【答案】A 20.【答案】A 21.【答案】A 22.【答案】C 23.【答案】D 24.【答案】D 25.【答案】D 26.【答案】D 27.【答案】C 28.【答案】B 29.【答案】B 30.【答案】略 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 11 参与 ACCA 考试的考生可按照复习计划有效进行，另外高顿网校官网 ACCA 考试辅导高清课程已经开通，还可索取 ACCA 考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升复习备考效果。更多详情可登录高顿网校官网或关注高顿网校微信咨询。