Question：Which of the following statements is true in respect of inventory cut-off?
A. The invoice relating to the first goods received after the inventory count has been completed should be included in purchases and payables.
B. Where the invoice in relation to the first goods received after the inventory count is completed has not been received, it should be included in a provision for goods received not invoiced.
C. The invoice in relation to the last goods despatched before the inventory count is conducted should be included in sales and receivables.
D. The invoice relating to the last goods received before the inventory count is conducted should be included in purchases and payables.
E. The invoice relating to the first goods despatched after the inventory count has been completed should be included in sales and receivables.
The correct answers are: The invoice relating to the last goods received before the inventory count is conducted should be included in purchases and payables; The invoice in relation to the last goods despatched before the inventory count is conducted should be included in sales and receivables.
解析：The invoice relating to the first goods received after the inventory count has been completed should not be included in purchases and payables, nor should the invoice relating to the first goods despatched after the inventory count has been completed be included in sales and receivables. Where the invoice in relation to the last goods received before the inventory count is completed has not been received (not the first goods received after the count), it should be included in a provision for goods received not invoiced.
高顿网校温馨提醒
各位考生，2016年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
微信扫一扫，关注ACCA*7资讯，满满的干货喂饱你！ACCA微信公众号：gaodunacca
ACCA分享与交流QQ群：227573128
写评论
