大学MOOC 财务会计基础(厦门理工学院)1452140205 最新慕课完整章节测试答案

The context and purpose of financial reporting

1、单选题：
‍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、单选题：
​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、单选题：
‌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】

Accruals and prepayments

1、单选题：
‏Buster's draft accounts for the year to 31 October 20X5 report a loss of $1,486. When he prepared the accounts, Buster did not include an accrual of $1,625 and a prepayment of $834.‏‏What is Buster's profit or loss for the year to 31 October 20X5 following the inclusion of the accrual and prepayment?‏
选项：
A: A loss of $695
B: A loss of $2,277
C: A loss of $3,945
D: A profit of $1,807
答案: 【 A loss of $2,277】

2、单选题：
​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      7,500‎​4 April 20X2        3 months to 30 June 20X2       9,000‎​1 July 20X2        3 months to 30 September 20X2     9,000           ‎​1 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?‎
选项：
A: Statement of profit or loss   Statement of financial position$34,000 Debit                    Rent in arrears (Dr) $3,000
B: Statement of profit or loss   Statement of financial position$34,500 Credit                   Rent received in advance (Cr) $6,000
C: Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent received in advance (Cr) $3,000
D: Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent in arrears (Dr) $3,000
答案: 【 Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent received in advance (Cr) $3,000】

3、单选题：
‍The year end of M Inc is 30 November 20X0. The company pays for its gas by a standing order of $600 per month. On 1 December 20W9, the statement from the gas supplier showed that M Inc had overpaid by $200. M Inc received gas bills for the four quarters commencing on 1 December 20W9 and ending on 30 November 20X0 for $1,300, $1,400, $2,100 and $2,000 respectively.‎‍Which of the following is the correct charge for gas in M Inc's statement of profit or loss for the year ended 30 November 20X0?‎
选项：
A: $6,800
B: $7,000
C: $7,200
D: $7,400
答案: 【 $6,800】

4、单选题：
‏A business compiling its accounts for the year to 31 January each year pays rent quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. After remaining unchanged for some years, the rent was increased from $24,000 per year to $30,000 per year as from 1 July 20X0.‌‏Which of the following figures is the rent expense which should appear in the statement of profit or loss for year ended 31 January 20X1?‌
选项：
A: $27,500
B: $29,500
C: $28,000
D: $29,000
答案: 【 $27,500】

5、单选题：
‌B, a limited liability company, receives rent for subletting part of its office premises to a number of tenants.​‌In the year ended 31 December 20X4 B received cash of $318,600 from its tenants.​‌Details of rent in advance and in arrears at the beginning and end of 20X4 are as follows：​‌                                                    31 December ​‌                                                  20X4      20X3​‌                                                    $          $​‌Rent received in advance                   28,400     24,600​‌Rent owing by tenants                           18,300     16,900​‌All rent owing was subsequently received​‌What figure for rental income should be included in the statement of profit or loss of B for 20X4?​‌​
选项：
A: $341,000
B: $336,400
C: $300,800
D: $316,200
答案: 【 $316,200】

6、单选题：
‏What are the correct ledger entries to record an accrual in the accounts?‌
选项：
A: Dr AssetCr Expenses
B: Dr ExpensesCr Liability
C: Dr LiabilityCr Expenses
D: Dr ExpensesCr Asset
答案: 【 Dr ExpensesCr Liability】

Receivables and payables

1、单选题：
​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、单选题：
‍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、单选题：
‏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、单选题：
​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】

5、单选题：
‌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】

6、单选题：
​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】