題目

Which one of the following statements about an imprest system of petty cash is correct?

A

An imprest system for petty cash controls small cash expenditures because a fixed amount is

paid into petty cash at the beginning of each period.

B

The imprest system provides a control over petty cash spending because the amount of cash

held in petty cash at any time must be equal to the value of the petty cash vouchers for the

period

C

An imprest system for petty cash can operate without the need for petty cash vouchers or

receipts for spending.

D

An imprest system for petty cash helps with management of small cash expenditures and

reduces the risk of fraud

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Chapter5Ledgeraccountsanddoubleentry

An imprest system for petty cash helps with management of small cash expenditures and reduces the risk of fraud. The

amount paid in to replenish petty cash at the beginning of each period should be the amount of petty cash spending in the

previous period, which is the total of expenditures shown by petty cash vouchers for the previous period. The amount of

petty cash at any time is the maximum petty cash balance minus the value of the petty cash vouchers for the period.

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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