国际会计（双语）——基于IAS&IFRS答案2023秋

第三章测试

1.Which of the following statement is not correct? （ ）
A:If the total debits in an account exceed the total credits, will there be a debit balance of the account. B:Receivable control account form part of the double entry system. C:Receivable ledger account form part of the double entry system. D:Total receivable account form part of the double entry system.
答案:C
2.The profit and loss account is also known as the . （ ）
A:statement of financial position B:cash flow statement C:trading account D:income and expense account 3.Which of the following would be used as a source document for a petty cash book? （ ）
A:Cheque. B:Debit note from the insurance company. C:Bill for purchase of stamps and pencils. D:Direct debit instruction. 4.In a receivable ledger control account, which of the following list is composed of items which would appear on the credit side of the account? （ ）
A:Cash received from customers and sales returns. B:ash received from customers and discount received. C:Sales, cash returned to customers and discount received. D:Sales, cash returned to customers and discounts allowed. 5.The following entries appear in a cash account in March. Payments by customer $15,000, rents received $250, insurance paid $150, drawings $700, capital paid in $2,000. The balance b/d on 1 March was $3,000 (in hand). What is the closing balance at 31 March. （ ）
A:$22,400. B:$19,400. C:$11,400. D:$16,800. 6.Cash is shown on a balance sheet as a （ ）.
A:current asset B:long-term asset C:long-term investment D:liability 7.Inventory is valued using FIFO method. Opening inventory was 10 units at $5
each. Purchases were 30 units at $6 each, then issues of 25 units were made, followed by issues of 10 units. What is closing inventory valued at?（ ）
A:$65. B:$50. C:$30. D:$35. 8.Which of the following items should appear on the debit side of bank account?（ ）
A:Cash/cheque paid to supplier. B:Drawings. C:Expense and other payment. D:Proceeds from other items. 9.Inventory is classified as a （ ）.
A:current liability on the statement of financial position B:fixed asset on the statement of financial position C:current asset on the statement of financial position D:as either an investment or a current asset on the statement of financial position 10.C company has closing inventory of $2,600 at 30 June 20 X 1. closing inventory be accounted for?（ ）
A:Debit income statement $2,600, Credit inventory $2,600. B:Debit statement of financial position $2,600, Credit inventory C:Debit inventory $2,600, Credit income statement $2,600. D:Debit inventory $2,600, Credit statement of financial position