2020 财务会计F3(双语)(青岛理工大学琴岛学院) 最新满分章节测试答案

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本课程起止时间为:2020-03-02到2020-07-10
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Chapter12-irrecoverable debts and allowances Receivables and payables

1、 问题:At 31 December 20X2 a company’s receivables totalled $400,000 and an allowance for receivables of $50,000 had been brought forward from the year ended 31 December 20X1.It was decided to write off debts totalling $38,000 and to adjust the allowance for receivables to 10% of the receivables.What charge for receivables expense should appear in the company’s statement of profit or loss for the year ended 31 December 20X2?
选项：
A:$74,200
B:$51,800
C:$28,000
D:$24,200
答案: 【$24,200】

2、 问题:At 30 September 20X2 a company’s allowance for receivables amounted to $38,000, which was five per cent of the receivables at that date.At 30 September 20X3 receivables totalled $868,500. It was decided to write off $28,500 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.What should be the charge in the statement of profit or loss for the year ended 30 September 20X3 for receivables expense?
选项：
A:$42,000
B:$33,925
C:$70,500
D:$32,500
答案: 【$32,500】

3、 问题:A company has received cash for a debt that was previously written off. Which of the following is the correct double entry to record the cash received?
选项：
A:Debit CreditIrrecoverable debts expense Accounts receivable
B:Debit CreditCash Irrecoverable debts expense
C:Debit CreditAllowance for receivables Accounts receivable
D:Debit CreditCash Allowance for receivables
答案: 【Debit CreditCash Irrecoverable debts expense】

4、 问题:At the beginning of the year, the allowance for receivables was $850. At the year-end, the allowance required was $1,000. During the year $500 of debts were written off, which includes $100 previously included in the allowance for receivables.What is the charge to statement of profit or loss for receivables expense for the year?
选项：
A:$1,500
B:$1,000
C:$650
D:$550
答案: 【$650】

5、 问题:Which of the following statements are correct?1 An aged receivables analysis shows how long invoices for each customer have been outstanding.2 A credit limit is a tool applied by the credit control department to make suppliers provide goods on time.3 Receivables are included in the statement of financial position net of the receivables allowance.4 Credit limits are applied to customers who purchase goods using cash only.
选项：
A:1 and 2
B:2 and 3
C:1 and 3
D:3 and 4
答案: 【1 and 3】

6、 问题:At 1 November 20X5, Sanjay Motors is owed $20,000 by Jackson for servicing and repair work carried out on Jackson’s fleet of motor vehicles.Of the $20,000 outstanding, $3,500 relates to work that Jackson feels was sub-standard. Despite discussions and negotiation, and although Jackson is generally a ‘good customer’, Sanjay is doubtful that Jackson will ever pay this $3,500.What allowance for receivables should Sanjay Motors make to account for this doubtful debt?
选项：
A:None, Jackson is a good customer so Sanjay Motors should assume they will eventually pay
B:A specific allowance of $20,000 as Jackson may decide not to pay any of their debt
C:A general allowance of $3,500
D:A specific allowance of $3,500
答案: 【A specific allowance of $3,500】

7、 问题:At the end of its first trading period after commencing business, Khan & Co has a receivables balance of $500,000. It wishes to provide a specific allowance on a debt of $10,000. (The customer that owes this $10,000 is in severe financial difficulty, it is unlikely any of this $10,000 will be recovered).Khan & Co also wishes to set up a general allowance of 2%.What is the charge to the statement of profit or loss?
选项：
A:$19,800
B:$20,000
C:$10,000
D:$9,800
答案: 【$19,800】

Chapter1-introduction to accounting The context and purpose of financial reporting

1、 问题:Which groups of people are most likely to be interested in the financial statements of a sole trader?1. Shareholders of the company2. The business’s bank manager3. The tax authorities4. Financial analysts
选项：
A:1 and 2 only
B:2 and 3 only
C:2, 3 and 4 only
D:1, 2 and 3 only
答案: 【2 and 3 only】

2、 问题:Which of the following are advantages of trading as a limited liability company?1 Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash.2 Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.
选项：
A:1 only
B:2 only
C:Both 1 and 2
D:Neither 1 or 2
答案: 【1 only】

3、 问题:Which of the following are TRUE of partnerships?1 The partners’ individual exposure to debt is limited.2 Financial statements for the partnership by law must be produced and made public.3 A partnership is not a separate legal entity from the partners themselves.
选项：
A:1 and 2 only
B:2 only
C:3 only
D:1 and 3 only
答案: 【3 only】

Chapter2-the regulatory framework The regulatory framework

1、 问题:What is the role of the IASB？
选项：
A:Oversee the standard setting and regulatory process
B:Formulate international financial reporting standards
C:Review defective accounts
D:Control the accountancy profession
答案: 【Formulate international financial reporting standards】

Chapter3-the qualitative characteristics of financial information The qualitative characteristics of

1、 问题:Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal use?
选项：
A:The substance over form concept
B:The accruals concept
C:The going concern concept
D:The business entity concept
答案: 【The business entity concept】

2、 问题:Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and services have been received.Which accounting concept governs the above?
选项：
A:The substance over form concept
B:The materiality concept
C:The accruals concept
D:The duality concept
答案: 【The accruals concept】

3、 问题:According to the lASB’s Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful representation?1 It is neutral 2 It is relevant3 It is presented fairly4 It is free from material error
选项：
A:1 and 2
B:2 and 3
C:1 and 4
D:3 and 4
答案: 【1 and 4】

4、 问题:Listed below are some comments on accounting concepts.1 In achieving a balance between concepts, the most important consideration is satisfying as far as possible the economic decision-making needs of users.2 Materiality means that only items having a physical existence may be recognised as assets.3 The substance over form convention means that the legal form of a transaction must always be shown in financial statements, even if this differs from the commercial effect.Which, if any, of these comments is correct, according to the lASB’s Conceptual Framework for Financial Reporting?
选项：
A:1 only
B:2 only
C:3 only
D:None of them
答案: 【1 only】

5、 问题:Which, if any, of the following statements about accounting concepts and the characteristics of financial information are correct?1 The concept of substance over form means that the legal form of a transaction must be reflected in financial statements, regardless of the economic substance.2 Information is not material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements.3 It may sometimes be necessary to exclude information that is relevant and reliable from financial statements because it is too difficult for some users to understand.
选项：
A:1 and 2 only
B:2 and 3 only
C:1 and 3 only
D:None of these statements are correct
答案: 【None of these statements are correct】

6、 问题:Which one of the following is not a qualitative characteristic of financial information according to the Conceptual Framework for Financial Reporting?
选项：
A:Faithful representation
B:Relevance
C:Timeliness
D:Accruals
答案: 【Accruals】

Chapter5-Ledger accounts and double entry Double entry bookkeeping I

1、 问题:The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital of $8,000 during the year and withdrew goods for his private use which had cost $2,200.If net assets at the beginning of 20X7 were $101,700, what were the closing net assets?
选项：
A:$35,000
B:$39,400
C:$168,400
D:$180,000
答案: 【$180,000】

2、 问题:A sole trader took some goods costing $800 from Inventory for his own use. The normal selling price of the goods is $1,600.Which of the following journal entries would correctly record this?
选项：
A: Dr Cr $ $Inventory account 800Purchases account 800
B: Dr Cr $ $Drawings account 800Purchases account 800
C: Dr Cr $ $Sales account 1,600Drawings account 1,600
D: Dr Cr $ $Drawings account 800Sales account 800
答案: 【 Dr Cr $ $Drawings account 800Purchases account 800】

3、 问题:Which of the following are books of prime entry?1 Sales day book2 Cash book3 Journal4 Purchase ledger
选项：
A:1 and 2 only
B:1, 2 and 3 only
C:1 only
D:All of them
答案: 【1, 2 and 3 only】

4、 问题:T Tallon had the following transactions： 1 Sale of goods on credit for $150 to F Rogit 2 Return of goods from B Blendigg originally sold for $300 in cash to B BlendiggWhat are the correct ledger entries to record these transactions?
选项：
A:Dr Receivables $150 Dr Sales Returns $300 Cr Sales $150 Cr Cash $300
B:Dr Sales $150 Dr Cash $300 Cr Receivables $150 Cr Sales Returns $300
C:Dr Receivables $450 Cr Sales $150 Cr Sales Returns $300
D:Dr Sales Returns $300 Dr Sales $150 Cr Cash $450
答案: 【Dr Receivables $150 Dr Sales Returns $300 Cr Sales $150 Cr Cash $300】

5、 问题:How is the total of the purchases day book posted to the nominal ledger?
选项：
A:Debit purchases, Credit cash
B:Debit payables control, Credit purchases
C:Debit cash, Credit purchases
D:Debit purchases, Credit payables control