PreparingFinancial
Statements
(International Stream)
PART1
THURSDAY 10 JUNE 2004
QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section AALL 25 questions are compulsory and MUST be
answered
Section BALL FIVE questions are compulsory and MUST be
answered
Do not open this paper until instructed by the supervisor
This question paper must not be removed from the examination
hall
The Association of Chartered Certified Accountants
Section A – ALL 25 questions are compulsory and MUST be attempted
Please use the Candidate Registration Sheet provided to indicate your chosen answer to each multiple choice question.
Each question within this section is worth 2 marks.
1A business purchased a motor car on 1 July 2003 for $20,000. It is to be depreciated at 20 per cent per year on
the straight line basis, assuming a residual value at the end of five years of $4,000, with a proportionate depreciation
charge in the year of purchase.
The $20,000 cost was correctly entered in the cash book but posted to the debit of the motor vehicles repairs account.
How will the business profit for the year ended 31 December 2003 be affected by the error?
AUnderstated by $18,400
BUnderstated by $16,800
CUnderstated by $18,000
DOverstated by $18,400
扫一扫微信，*9时间获取2014年ACCA考试报名时间和考试时间提醒
写评论
