C2模擬題（二）
Question 11
B operates the imprest system for petty cash. At 1 July there was a float of $150, but it was decided to increase this to $200 from 1 August onwards. During July, the petty cashier received $25 from staff for using the photocopier and a cheque for $90 was cashed for an employee. In July, cheques were drawn for $500 for petty cash.
What was the total expense paid from petty cash in July？
A. $385.
B. $435.
C. $515.
D. $615.
Question 12
Z‟s bank statement shows a balance of $825 overdrawn. The bank statement includes bank charges of $50, which have not been entered in the cash book. There are unpresented cheques totalling $475 and deposits not yet credited of £600. The bank statement incorrectly shows a direct debit payment of $160, which belongs to another customer.
What figure for the bank balance should be shown in the statement of financial position?
A. $590 overdrawn.
B. $540 overdrawn.
C. $790 overdrawn.
D. $840 overdrawn.
Question 13
What is an imprest system?
A. Records the use of a company‟s seal.
B. Helps to reconcile the cash book with the bank statement.
C. Helps to control petty cash.
D. Is part of computerised accounting?
Question 14
The entries in a sales ledger control account are:
Sales $250,000
Bank $225,000
Sales returns $2,500
Bad debts (irrecoverable debts?) $3,000
Returned unpaid cheque $3,500
Contra with purchase ledger account $4,000
What is the balance on the sales ledger control account?
A. $12,000
B. $19,000
C. $25,000
D. $27,000
Question 15
P is a sole proprietor whose accounting records are incomplete. All the sales are cash sales and during the year $50,000 was banked, including $5,000 from the sale of a business car. He paid $12,000 wages in cash from the till and withdrew $2,000 per month as drawings. The cash in the till at the beginning and end of the year was $300 and $400 respectively.
What were the sales for the year?
A. $80,900
B. $81,000
C. $81,100
D. $86,100
Question 16
N operates an imprest system for petty cash. On 1 February, the float was $300. It was decided that this should be increased to $375 at the end of February.
During February, the cashier paid $20 for window cleaning, $100 for stationery and $145 for coffee and biscuits. The cashier received $20 from staff for the private use of the photocopier and $60 for a miscellaneous cash sale.
What amount was drawn from the bank account for petty cash at the end of February?
A. $185
B. $260
C. $315
D. $375
Question 17
On 1 May, East owed a supplier $1,200. During the month of May, East:
• Purchased goods for $1,700 and the supplier offered a 5% discount for payment within the month.
• Returned goods valued at $100 which had been purchased in April.
• Sent a cheque to the supplier for payment of the goods delivered in May.
What is the balance on the supplier‟s account at the end of May?
A. $1,015
B. $1,100
C. $1,185
D. $1,300
Question 18
North, which is registered for sales tax, received an invoice from an advertising agency for $4,000 plus sales tax. The rate of sales tax on the goods was 20%. What would the correct ledger entries be?
Debit $ Credit $
A. Advertising expense 4,000 Payables 4,000
B. Advertising expense 4,800 Payables 4,800
C. Advertising expense 4,800 Payables 4,000 Sales tax account 800
D. Advertising expense 4,000 Payables 4,800 Sales tax account 800
Question 19
Which of the following are used in a coding system for accounting transactions?
A. Department code.
B. Nominal ledger code.
C. Product code.
D. All of the above.
Question 20
Which ONE of the following attributes is the most important for any code to possess in order to be of use in an accounting system?
A. Easy to change the code number.
B. Each code is a unique number.
C. A combination of letters and digits to ensure input accuracy.
D. Linked to assets, liabilities, income, expenditure and capital.
