題目

A company receives rent for subletting part of its office block.Rent, receivable quarterly in advance, is received as follows:

Date of receipt????????????????????????? Period covered??????????????????????????????????????????????????????????????? $1

October 20X1?????????????????????????? ?3 months to????????????31 December 20X1???????????????????????? ?7,500

30 December 20X1???????????????????3 months to??????????? 31 March 20X2?????????????????????????????? 7,5004

April 20X2????????????????????????????????? 3 months to???????????30 June 20X2???????????????????????????????? ?9,0001

July 20X2????????????????????????????????? ?3 months to?????????? 30 September 20X2?????????????????????? ?9,0001

October 20X2?????????????????????????? ?3 months to????????????31 December 20X2??????????????????????????9,000

What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?

Statement of profit or loss?????????????????? Statement of financial position

A

$34,000 Debit?Rent in arrears (Dr) $3,000

B

$34,500 Credit?Rent received in advance (Cr) $6,000

C

$34,000 Credit?Rent received in advance (Cr) $3,000

D

$34,000 Credit?Rent in arrears (Dr) $3,000

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Chapter10Accrualsandprepayments

Receipt????????????????????????????????????????????????????????????????? ?$

1 October 20X1 ($7,500 x 1/3)?????????????????????????? ?2,500

30 December 20X1?????????????????????????????????????????? ??7,500

4 April 20X2 1 July 20X2??????????????????????????????????? ?9,000

1 October 20X2 (9,000 x 2/3)??????????????????????????? ??9,000

Credit to statement of profit or loss?????????????????? ??6.000?(3,000 Credit rent in advance)

?????????????????????????????????????????????????????????????????????????? ??34,000

多做幾道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

?The accruals concept

C

The going concern concept

D

?The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

?The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1?and?2

B

2?and?3

C

?1?and?4

D

3?and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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