題目

?A business's bank balance increased by $750,000 during its last financial year. During the same period it issued shares of

$1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $

100,000. Working capital (other than the bank balance) increased by $575,000.

What was its profit for the year?

A

$1,175,000

B

$1,275,000

C

$1,325,000

D

?$1,375,000

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Chapter17Incompleterecords

Profit for the year?????????????????????????????????? ?1,175

Add back depreciation??????????????????? ????? ???? 100

??????????????????????????????????????????????????????????????? 1275

Add: issue of shares??????????????????????????? ?1,000

Less: repayment of loan notes?????? ?????? (750)

Less: purchase of non current assets???(200)

???????????????????????????????????????????????????????????????? 1325

Less: increase in working capital????????? (575)

Increase in bank balance??????????????????????????750

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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