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提问人：网友nimengyu1 发布时间：2022-01-07

[主观题]

A business has net assets of $60,000 at the beginning of the year and $85,000 at the end o

f the year. Drawings were $17,000 and a lottery win of $3,000 was paid into the business during the year. What was the profit for the year？

A、$11,000 loss

B、$39,000 loss

C、$11,000 profit

D、$39,000 profit

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更多“A business has net assets of $60,000 at the beginning of the year and $85,000 at the end o”相关的问题

第1题

They are teachers and don’t realize ______to start and run a company.

[ ]

A. what takes it

B. what they took

C. what it takes

D. what takes them

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第2题

He does not possess a bicycle, and this one he uses ____to Peter.

A、is belonged to

B、belonged

C、belongs

D、is belonging

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第3题

Capital introduced is $70,000. Profits brought forward at the beginning of the year amount to $50,000 and liabilities are $600,000. Assets are $900,000. What is the profit for the year?

A、$300,000

B、$280,000

C、$180,000

D、$120,000

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第4题

A business usually has a mark-up of 25% on cost of sales. During a year, its sales were $80,000. What was cost of sales?

A、$64,000

B、$60,000

C、$20,000

D、$18,000

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第5题

Which of the following formulas correctly describes the figure to be entered as capital in a sole trader’s statement of financial position?

A、Balance b/f + gross profit for the year – drawings

B、Balance b/f - gross profit for the year + drawings

C、Balance b/f + profit for the year – drawings

D、Balance b/f - profit for the year + drawings

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第6题

If an owner takes goods out of inventory for their own use, how is this dealt with?

A、Credited to drawings at cost.

B、Credited to drawings at selling price.

C、Debited to drawings at cost.

D、Debited to drawings at selling price.

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第7题

Which of the following is the correct formula for cost of sales?

A、Opening inventory – purchases + closing inventory

B、Purchases – closing inventory + sales

C、Opening inventory + closing inventory – purchases

D、Opening inventory – closing inventory + purchases

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第8题

A business starts trading on 1 September 20x0. During the year, it has sales of $500,000, purchases of $250,000 and closing inventory of $75,000. What is the gross profit for the year?

A、$175,000

B、$250,000

C、$325,000

D、$675,000

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第9题

Which item below is not a current liability?

A、Prepaid income

B、Share dividends distributable

C、The currently maturing portion of long-term debt

D、Trade accounts payable

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