I. Single choice questions (***20 questions):
1. The Small Business Accounting Standards (SBAs) began to be implemented on (B) January 1st.
A, 2012 B, 2013 C, 2011 D, 2014;
2. The following taxes should not be included in the cost of inventory ( D ).
A. Consumption tax on goods directly used for external sales through commissioned processing withheld by the consignee
B. Import tariffs on raw materials imported by general taxpaying enterprises
C. Value-added tax payable by small-sized taxpaying enterprises on the purchase of goods
D. Consumption tax on commodities subject to consumption tax on commissioned processing continued to be used in the production of goods subject to consumption tax withheld by the consignee
3. Consumption tax burden
3. Before the completion of the final accounts of the construction project under construction, the trial production of products for sale to the outside world to obtain income should be ( C ).
A, offsetting non-operating expenditures B, included in non-operating income
C, offsetting the cost of the project D, included in other business income
4. The following enterprises, can be implemented in the "Small Business Accounting Standards" are ( A ).
A. Industrial enterprises established by law within the territory of the People's Republic of China*** and the State of China, with 30 employees and an annual operating income of 5 million
B. Small enterprises whose stocks or bonds are publicly traded in the market
C. Financial institutions or other small enterprises of a financial nature
D. Parent companies and subsidiaries within an enterprise group
5 .The Accounting Standards for Small Enterprises on accounting for long-term equity investments (C)
A. can only be accounted for by the equity method B. by the cost method and the simplified equity method
C. can only be accounted for by the cost method D. by the equity method and the simplified cost method
6. the price paid by an enterprise to acquire a short-term investment that includes declared but not yet paid cash dividends should be recognized as (A).
A. Dividends receivable B. Investment income C. Cost of investment D. Capital surplus
7. If an enterprise does not meet the criteria for a small enterprise but becomes a large or medium-sized enterprise or a financial enterprise due to changes in the scale of operation or the nature of the enterprise, it should be switched to the implementation of the Accounting Standards for Enterprises (ASBEs) from (B) onwards.
A. January 1 of the current year B. January 1 of the following year C. The month in which it does not meet the standards for small enterprises
D. The month following the month in which it does not meet the standards for small enterprises
8. The health insurance premiums paid by enterprises to participate in the employees' health insurance shall be accounted for through the ( B ) account.
A, other receivables B, employee compensation payable C, other payables D, other payables
9. The following is incorrect regarding the recognition of revenue from the sale of goods by a small business ( D ).
A, the sale of goods commissioned by the payment of fees, recognized revenue upon receipt of the sales list
B, the sale of goods for new, the sale of goods sold as sales of goods, the recovery of goods as the purchase of goods
C, the adoption of the product share of the revenue, in accordance with the date of the share of the product in accordance with the product's market price or appraisal of value Determine the amount of revenue from the sale of goods D, the sale of goods on a consignment basis, recognize revenue at the time of issuance of goods
10. small enterprises in accordance with the provisions of the implementation of the enterprise income tax, value-added tax, consumption tax, business tax, etc., should be in the actual receipt of the refund of the relevant taxes, should be credited to the (C).
A, investment income B, subsidized income C, non-operating income D, deferred income
11. Small enterprises (wholesale and retail) in the process of purchasing goods incurred costs (including: transportation costs, handling costs, packaging costs, insurance, reasonable losses in transit and picking and sorting costs before warehousing, etc.), should be accounted for in the (C) account.
A, inventory B, administrative expenses C, selling expenses D, raw materials
12. In the case of price changes, the cost of inventory at the end of the inventory closest to the market value of the issued inventory valuation method is (D).
A. Individual valuation method B. Moving weighted average method C. Once a month weighted average method D. First-in, first-out method
13. Unemployment insurance premiums paid by an enterprise for the workshop management personnel should be included in the (B)
A. Administrative expenses B. Manufacturing expenses C. Selling expenses D. Finance costs
14. When an enterprise carries out cash inventory, it is found that the cash amount in hand was $100 more than the book balance. After repeated verification, the reason for the long amount is unknown. The correct treatment is (D) .
A, to the cashier's personal ownership B, offsetting administrative expenses
C, recognized as other operating income D, recognized as non-operating income
15. small businesses to calculate the amount of depreciation due to fixed assets in October, do not need to be the data is (C).
A, the amount of depreciation accrued on fixed assets in September
B, the amount of depreciation accrued on the increase in fixed assets in September
C, the amount of depreciation accrued on the increase in fixed assets in October
D, the amount of depreciation accrued on the decrease in fixed assets in September
16.A small business accounts for the income tax expense (A).
A. Only the tax payable method can be used B. The tax impact accounting method can be used
C. Only the balance sheet debt method can be used D. The balance sheet debt method can be used
17. The following operations should not be included in other operating income (B).
A. Rental income from leasing fixed assets B. Rental income from leasing packaging materials
C. Rental income from leasing intangible assets D. Income realized from the sale of materials
18. The following expenditures should be included in administrative expenses (D).
A, stamp duty B, property tax C, advertising costs D, business hospitality
19. Small businesses that receive capital from investors in foreign currencies should be translated using (C).
A, the contractual exchange rate B, the average exchange rate for the period of the transaction translation
C, the spot exchange rate on the date of the transaction D, the rate of exchange at the beginning of the period of receipt of the investment
20. Small businesses account for a change in accounting policy (B).
A. shall not B. should be applied prospectively C. should be applied retrospectively
D. can be applied prospectively or retrospectively
Two, multiple-choice questions (*** 10 questions):
1. The long-term amortized expenses of a small business include the following (ABC).
A. Expenditure on alterations to fully depreciated fixed assets B. Expenditure on alterations to operating leased fixed assets
C. Expenditure on major repairs to fixed assets D. Expenditure on routine repairs to fixed assets;
2. The following are correct about amortization of long-term amortized expenses (ABD).
A. Expenditure on alteration of fixed assets under operating leases shall be amortized over the remaining lease term as agreed in the contract
B. Expenditure on overhaul of fixed assets shall be amortized over the remaining useful life of the fixed assets
C. Other long-term amortized expenses shall be amortized over a period of not less than 5 years starting from the month after the month in which the expenditure is incurred
D. Expenditure on routine repairs of fully depreciated fixed assets shall be amortized over the remaining lease term. D. Expenditures on the alteration of fully depreciated fixed assets are amortized over the estimated useful life of the fixed assets
3. Small businesses should use (ACD) to determine the actual cost of inventories issued. Once chosen, the method of valuation shall not be changed at will.
A. Individual valuation method B. LIFO method C. Weighted average method D. FIFO method
4. Selling expenses incurred by a small business in the course of selling goods or providing services include (BCD).
A. business entertainment expenses B. employee compensation for salespeople C. merchandise maintenance expenses D. business promotion expenses
5. government grants are (BD).
A. non-monetary assets acquired by a business from the government for a fee B. monetary assets acquired by a small business from the government for no fee
C. capital invested by the government as the owner of a small business D. non-monetary assets acquired by a small business from the government for no fee
6. The financial statements of a small business should include at least (ABD).
A, Balance Sheet B, Income Statement C, Statement of Changes in Owners' Equity D, Notes
7. Enterprise A purchased and put into use production equipment in 2013 for 300,000 yuan and 51,000 yuan of input tax. Enterprise A paid 200,000 yuan in bank deposits and the balance in commercial promissory notes. For the accounting treatment of the economic business, the correct (BCD)
A, debit "fixed assets" account 351,000 yuan B, debit "fixed assets" account 300,000 yuan
C, credit "notes payable" account. "D, credit "bank deposits" account 200,000 yuan
8. The following operations should be included in non-operating income ( AC ).
A, government grants B, interest income on bank deposits
C, donations received D, income from the sale of raw materials
9. a small business May 1, 2013 total assets of 3 million yuan, total liabilities of 2 million yuan in May 2013 assets increased by 500,000 yuan, a decrease of 400,000 yuan assets; increase in equity 600,000 yuan,Owner's equity decreased by 300,000 yuanThe statements about several indicators on May 31, 2013, are correct (ABD).
A, total assets of 3.1 million B, total equity of 3.1 million yuan
C, total liabilities of 1.9 million yuan D, total owner's equity of 1.3 million yuan
10.The following operations should be included in non-operating expenses (ABC).
A. Losses incurred on inventory loss B. Losses on bad debts C. Donation expenses
D. Losses incurred on the disposal of long-term equity investments
Third, judgmental questions (***20 questions)
1. Enterprises may, according to their own situation, choose to implement either the Accounting Standards for Business Enterprises (ASBEs) or Accounting Standards for Small Enterprises (ASBEs), or one standard as the main standard, and choose the other one. the relevant principles of one standard. ( × )
2. The item "Business Taxes and Surcharges" in the income statement reflects the consumption tax, business tax, urban maintenance and construction tax, income tax and education surcharges that an enterprise should bear in its daily business activities. ( × )
3. Small enterprises that implement the Small Business Accounting Standards (SBAs) may refer to the relevant provisions in the Accounting Standards for Business Enterprises (ASBEs) for transactions or events that are not regulated by the SBAs. (√)
4. Enterprises that meet the criteria for microenterprises set forth in the Provisions on Criteria for Classifying Small and Medium-sized Enterprises refer to the implementation of ASBEs. ( √ )
5. Small enterprises that meet the scope of application of the Small Business Accounting Standards must implement the Small Business Accounting Standards. ( × )
6. Where the parent and subsidiary companies within a group company are of different sizes, the small enterprises within the group may implement the Accounting Standards for Small Enterprises. ( × )
7. The assets of a small enterprise should be measured at cost and no provision for impairment of assets should be made. ( √ )
8. Listed companies and large and medium-sized enterprises that have implemented ASBEs may switch to implement ASBEs due to changes in the scale of operation or the nature of the business. ( × )
9. The price paid for the acquisition of land and buildings should be allocated between buildings and land use rights in accordance with a reasonable method; if it is difficult to be allocated in a reasonable manner, it should be treated as an intangible asset in its entirety. ( × )
10. If a small business cannot reliably estimate the useful life of an intangible asset, the amortization period shall not be less than 10 years. ( √ )
11. Direct materials, direct labor, and manufacturing costs that are not ordinarily consumed should be charged to current profit or loss as incurred, and should not be included in the cost of inventories. ( √ )
12. Gains realized from inventory surpluses should be offset against administrative expenses. ( × )
13. The cost of fixed assets invested by investors should be determined in accordance with the appraisal value and related taxes. ( √ )
14. Tax rebate is the government in accordance with the relevant provisions of the state to take the first levy and then return (refund), levy that is refunded to the enterprise, etc., belongs to the form of tax concessions in the form of a kind of government subsidies. VAT export tax refund is not a government subsidy. (√)
15.The sales revenue of general VAT taxpayers does not include output tax, but the sales revenue of small taxpayers includes VAT. ( × )
16. Capital received by a small business from an investor in a foreign currency can be translated using the contractual exchange rate or an approximation of the spot rate. ( × )
17.Revenue earned by a small business from the rental of packaging should be recognized as other operating income. ( × )
18. When a small business enters into a contract or agreement with another enterprise that includes the sale of goods and the provision of services, the portion of the sale of goods and the portion of the provision of services that are indistinguishable from each other or that are distinguishable but not separately measurable should be treated as the sale of goods. (√)
19. At December 31, 2013, Kerry Company had a credit balance of $520,000 in its "Long-Term Borrowings" account, of which $200,000 will mature on July 1, 2014. In the balance sheet of Kerry Company on December 31, 2013, the "Closing Balance" of the item "Long-term Borrowings" should be 320,000 yuan. ( √ )
20. Fully depreciated fixed assets, regardless of whether they continue to be used or not, are no longer depreciated; but fixed assets that are scrapped early should be depreciated. ( × )
Four, calculation questions (***20 questions):
1. April 1, 2013, B company due to the temporary needs of production and operation from the bank to obtain a loan of 120,000,000 yuan, the loan period of 9 months, borrowing at an annual interest rate of 4%, the interest rate is settled on a quarterly basis, the enterprise quarterly interest expense accounting entries (C)
A. Borrowing: finance costs 1 200
credit: short-term borrowing 1 200
B, borrow: administrative expenses 1 200
credit: interest payable 1 200
C, borrow: finance costs 1 200
credit: interest payable 1 200
D, borrow: interest payable 1 200
credit: bank deposits 1 200
2. /p>
2. company a purchased from the secondary market on March 6, 2013, a number of company b issued 1 million shares, as a short-term investment, the acquisition of the fair value of each share is 5.2 yuan, including has been declared but has not yet been paid cash dividends of 0.2 yuan, and another payment of 50,000 yuan of transaction costs, all the price paid in bank deposits. on March 16, 2013 to receive the initial payment of price The cash dividend included in the price paid was received on March 16, 2013. On February 21, 2014, Company B declared a cash dividend of $0.3. On March 21, 2014, the cash dividend was received. on April 16, 2014, the stock was disposed of in its entirety at $5.20 per share with a transaction cost of $50,000 per share. The enterprise should recognize an investment gain of (B) on the disposal of the investment.
A, 50,000 B, 100,000 C, 150,000 D, 200,000
3. On January 1, 2013, Enterprise A purchased a five-year bond issued by Enterprise B on January 1, 2013, with a coupon rate of 12% and a face value of $100, and Enterprise A purchased 800 of the bonds at a price of $105, and paid the related taxes and fees of $2,000, which is payable annually.The bond is payable annually.2013 At the end of the year, the book value of the bond is (A) dollars.
A,84 800 B,86,000 C,80,000 D,87,200
4.Company C is a general VAT enterprise, for the production of a batch of raw materials, VAT invoices on the price of 210,000 yuan, the amount of value-added tax of 35,700 yuan.Company C will later be used for the production of raw materials of this batch of 10% of the exempted from the value added tax of the Company C later uses 10% of the raw materials to produce VAT-exempt products. When the raw materials are used for the production of VAT-exempt products, the correct accounting treatment of "Taxes Payable" is (B)
A. Debit "Taxes Payable --- VAT Payable (Input Tax Transfer)" for RMB 3,570
B. Credit "Taxes payable --- VAT payable (input tax transferred out)" 3,570 yuan
C. Debit "Taxes payable --- VAT payable (output tax)" 3,570 yuan
D. Credit "Company E is a general VAT payer. On March 5, 2013, the company sells a batch of products at a price of RMB 30,000 (excluding tax) according to the price list. Since the sale was made in batches, Company E gave the purchaser a commercial discount of 10%. The recorded amount of accounts receivable is (C) yuan.
A,27,000 B,30,000 C,31,590 D,35,100
6.Company A purchased 10% of the outstanding shares of Company B for 20 million yuan on March 1, 2013, and paid 60,000 yuan of related taxes and fees, and Company A intends to hold them for a long time. on May 10, 2013, Company B declared a dividend of 5 million yuan for 2012, and on May 20, 2013, Company A declared a dividend of 5 million yuan for 2012, and on May 20, 2013, Company B declared a dividend of 5 million yuan. On May 20, 2013, Company A receives the above dividend. in January 2014, the enterprise transfers the equity interest for $23 million. The enterprise should recognize (A) for the transfer of equity.
A, investment income of 2,940,000 yuan B, non-operating income of 2,940,000 yuan
C, investment income of 7,940,000 yuan D, non-operating expenses of 7,940,000 yuan
7. The company is a general VAT taxpayer, and sells a batch of products on credit in the same month, and issues VAT invoices stating the sales price of 50,000 yuan and VAT of 8,500 yuan, and also uses bank deposits to buy goods on behalf of the purchaser Advance payment of transportation and miscellaneous expenses of 500 yuan, then Company A "accounts receivable" of the recorded value of (D) yuan.
A, 50,000 B, 50,500 C, 58,500 D, 59,000
8. A general VAT taxpayer, the purchase of a batch of goods, the purchase price of 1.6 million yuan, VAT input tax amounted to 27.2 million yuan. When the goods arrived at the acceptance of storage found that the shortage of 30%, of which the reasonable loss of 5%, the other 25% is yet to identify the cause, then the recorded value of the goods should be ( D ).
A, 1.6 million yuan B, 1.12 million yuan C, 1.40.4 million yuan D, 1.2 million yuan
9. Company A is a general taxpaying enterprise, the applicable value-added tax rate of 17%, in 2009, due to natural disasters caused by a batch of inventory materials destroyed, the actual cost of 10 million yuan, according to the scope of the insurance liability and the provisions of the insurance contract, should be compensated by the insurance company for 8 million yuan. . The incorrect accounting treatment after approval is (A).
A, the net loss included in non-operating expenses is 9.17 million yuan
B, the net loss included in non-operating expenses is 2 million yuan
C, the compensation of 8 million yuan by the insurance company is included in other receivables
D, offsetting the pending property losses and losses of 10 million yuan
10.A enterprise produces automobile tires, which belongs to the general taxpaying Enterprise A produces automobile tires, is a general tax enterprise, the applicable value-added tax rate of 17%. March 5 commissioned unit B (general tax enterprise) processing 20 car tires, the actual cost of materials issued is 4,000 yuan, the processing fee of 936 yuan (including value-added tax), unit B unit unit unit of the same kind of tires unit sales price of 400 yuan, the tires of the excise tax rate of 10 percent. March 20, the factory will bring back the tire immediately into the whole tire production (processing fees and B units collected and paid on behalf of the consumption tax are not settled), at this time, enterprise A made the accounting entries are wrong ( A ).
A, borrow: raw materials 5 600
credit: commissioned processing materials 5 600
B, borrow: payable taxes - payable consumption tax 800
credit: accounts payable 800
C, borrow: commissioned processing materials 800
Taxes payable - VAT payable 136
Credit: Accounts payable 936
D. Borrow: raw materials 4 800
Credit: entrusted processing materials 4 800
11. Company A purchased one piece of equipment that needs to be installed on February 1, 2013, and obtained the The price of the equipment stated on the VAT invoice is 1.2 million yuan and the VAT is 204,000 yuan. During the purchase process, 30,000 yuan was paid by bank deposit for insurance and other expenses. At the time of installation, 60,000 yuan of materials for production were used; 30,000 yuan of wages were paid to the installation workers. The equipment was completed on March 30, 2013 and accepted. Company A depreciates the equipment using the average annual life method, with an estimated useful life of 10 years and a net salvage value of zero. Assuming that no other factors are taken into account, the amount of depreciation to be provided for this equipment in 2013 is (B).
A, 99,800 yuan B, 99,000 yuan C, 132,000 yuan D, 154,000 yuan
12. An enterprise sells a house, the original book value of 500,000 yuan, depreciated 140,000 yuan, the sale of cleanup costs incurred in the sale of 600 yuan, the sale price of 420,000 yuan, the applicable business tax rate of 5%. Other taxes are not considered. The accounting entry when the enterprise carries forward the net gain or loss on the sale of fixed assets is ( A ).
A. Debit: Fixed Assets Liquidation 38 400
Loan: Non-Operating Income 38 400
B. Debit: Fixed Assets Liquidation 34 400
Loan: Non-Operating Income 34 400
C. Debit: Fixed Assets Liquidation 258 600
Loan: Non-Operating Income 258 600
< p>D, borrow: non-operating expenses 38 400credit: fixed assets liquidation 38 400
13.F company "surplus surplus" account at the beginning of the balance of 1 million yuan, this year, the withdrawal of statutory surplus surplus of 1.35 million yuan, the surplus surplus transferred to paid-in capital of 800,000 yuan. Assuming that no other factors are taken into account, the following statements are incorrect (B)
A, the total amount of ownership interest remains unchanged B, the total amount of ownership interest increases by 550,000 yuan
C, the year-end balance of the "surplus surplus" account is 1.55 million yuan D, "paid-in capital" account increases by 800,000 yuan
C, the year-end balance of "surplus surplus" account is 1.55 million yuan D, "paid-in capital" account increases by 800,000 yuan "Company B is a general taxpayer with tax increment, and there is no balance in the account of "tax payable - VAT payable" on March 1, 2013, and the output tax in March is 30,000 yuan and the input tax is 40,000 yuan. The output tax amounted to RMB30,000 in March, input tax amounted to RMB40,000, and input tax amounted to RMB20,000.Company B should pay VAT of RMB(A) in March.
A, 10,000 B, -30,000 C, -10,000 D, 20,000
15.Company A accepted an equipment installation task on December 1, 2013, the installation period of three months, the total contract revenue of 600,000 yuan, to the end of the year has been pre-collected installation fees of 440,000 yuan, the actual installation costs incurred for 280,000 yuan (assuming that are The actual installation costs incurred were 280,000 yuan (assuming that all the installer's salary), and it is estimated that another 120,000 yuan of installation costs will be incurred. Assume that Company A determines the progress of completion of labor on the basis of the proportion of actual costs incurred to the estimated total costs. Then Company A's bookkeeping at the end of 2013 is incorrect (A).
A. Revenue of RMB 440,000 is recognized B. Cost of RMB 280,000 is recognized
C. Revenue of RMB 420,000 is recognized D. The balance of the advance receipts is a credit of RMB 20,000
16. A company's approved full-year business entertainment expenses are RMB 100,000, and its business entertainment expenses deductible before tax under tax law are RMB 30,000. The company's fixed assets depreciation using the double declining balance method, the current year's depreciation of 600,000 yuan, in accordance with the provisions of the tax law using the straight-line method, the current year's depreciation of 500,000 yuan. The pre-tax accounting profit for the year is $1.83 million, there are no other tax adjustments, and the corporate income tax rate is 25%. The enterprise should recognize (A) income tax expense for accounting purposes.
A, 500,000 yuan B, 456,000 yuan C, 450,000 yuan D, 475,000 yuan
17. In February 2013, the management of enterprise A needs to purchase an environmental protection equipment, the estimated price of 5.6 million yuan, due to the lack of funds, in accordance with the relevant provisions of the subsidy of 2.1 million yuan to the relevant departments of the application. on March 1, 2013, the government approved the enterprise A's On March 1, 2013, the government approved Enterprise A's application and allocated 2.1 million yuan of financial grants to Enterprise A (arrived on the same day). On April 30, 2013, Enterprise A purchased environmental protection equipment that does not need to be installed at an actual purchase price of 4.8 million yuan, with a value-added tax (VAT) of 816,000 yuan.6 The useful life is 10 years, and depreciation is provided using the straight-line method (assuming that there is no salvage value). No other factors are considered.
The following accounting treatment of Enterprise A is incorrect (D).
A. When the subsidy is received, credit deferred income of 2.1 million yuan
B. When the equipment is purchased, debit fixed assets of 4.8 million yuan
C. When depreciation is calculated each month, debit administrative expenses of 40,000 yuan
D. When the deferred income is apportioned at the end of the month, credit non-operating income of 40,000 yuan
18.On December 31, 2013, Flying Rainbow On December 31, 2013, Feihong has a credit balance of 690,000 yuan in the account of "paid-in capital", 70,000 yuan in the account of "capital surplus", 60,000 yuan in the account of "surplus surplus", and 60,000 yuan in the account of "profit distribution". In 2013, Feihong used 20,000 yuan of capital surplus to increase its capital, realized a net profit of 850,000 yuan, and withdrew 85,000 yuan of surplus surplus. On December 31, 2013, the total owner's equity of Feihong Company should be (C) yuan.
A, 1,615,000 B, 835,000 C, 1,720,000 D, 870,000
19. a unit of "raw materials" general ledger account under the A material and B material two ledger account May 2013, "raw materials" general ledger account debit "general ledger account debit incidence of 8,000 yuan, credit incidence of 6,000 yuan which, A material debit incidence of 3,000 yuan, B material credit incidence of 2,000 yuan the following statement is correct (D).
A, B material debit incurred 4,000 yuan, A material credit incurred 5,000 yuan
B, B material credit incurred 5,000 yuan, A material debit incurred 4,000 yuan
C, B material debit incurred 8,000 yuan, A material credit incurred 6,000 yuan
D, B material debit incurred 5,000 yuan, A material credit incurred 6,000 yuan
D, B material debit The amount incurred on the debit side of B material is 5,000 yuan, and the amount incurred on the credit side of A material is 4,000 yuan
20.Ruifeng Company should be depreciated 120,000 yuan in February 2013, and should be depreciated 10,000 yuan for the increase of fixed assets in February, and should be depreciated 25,000 yuan for the decrease of fixed assets in February; should be depreciated 28,000 yuan for the increase of fixed assets in March 2013 and the decrease of fixed assets should be depreciated as 21,000 yuan. Ruifeng Company in April 2013 should be depreciated in the amount of (D) yuan, respectively.
A,105,000 B,127,000 C,134,000 D,112,000
V. Comprehensive questions (***5 questions):
1. Ruifeng Company is a VAT general taxpaying enterprise with an applicable VAT rate of 17%. 200 pieces of Product A were sold on March 1, 2013, at a unit price of 3,000 yuan/piece (excluding tax). The unit cost is RMB2,250 per piece. Because it is a batch sale, Fu Hui Company gives the buyer a 5% commercial discount, and also provides cash discount, discount terms for "2/20-N/30" (VAT part can not be discounted). The customer pays on March 19, and returns 10 products that do not meet the quality requirements (assuming that the corresponding sales tax can be deducted), and the rest of the purchase price is paid in bank deposits. on March 1, the sales business meets the conditions for revenue recognition.
Requirements: Based on the above information, answer the following questions:
1. On March 1, the accounting entries that should be prepared by Fu Hui include (B).
A. Debit: Accounts Receivable 702,000
Loan: Revenue from Main Business 600,000
Taxes Payable-VAT Payable (Sales Tax) 102,000
B. Debit: Accounts Receivable 666,900
Loan: Revenue from Main Business 570,000
< p>Taxes payable - VAT payable (output tax) 96 900C, Debit: Accounts receivable 653 562
Loan: Revenue from main business 558 600
Taxes payable - VAT payable (output tax) 94 962
D, Debit: Cost of main business 600 000
Credit: Inventory goods 600 000
2. On March 19, for the sales return, Fu Hui should prepare accounting entries including (A)
A. Debit: Revenue from main business 28 500
Taxes payable-VAT payable (output tax) 4 845
Loan: Accounts Receivable 33 345
B, Debit: Inventory 22 500
Loan: Revenue from Main Business 22 500
C, Debit: Cost of Main Business 35 100
Loan: Accounts Receivable 35 100
D, Debit: Revenue from Main Business 29 400
Taxes Payable - VAT Payable (Output Tax) 4 998
Credit: Accounts Receivable 34 398
3. On March 19, Fuhui received the payment for the goods to prepare the correct accounting entry is (D).
A. Debit: Bank Deposit 687 960
Finance Expense 14 040
Loan: Accounts Receivable 702 000
B. Debit: Bank Deposit 619 164
Finance Expense 12 636
Loan: Accounts Receivable 631 800
C. Debit: Bank Deposit 620 883.9
Finance charges 12 671.7
Loan: Accounts receivable 633 555.6
D. Debit: Bank deposits 622 725
Finance charges 10 830
Loan: Accounts receivable 633 555
4. If Fu Hui applies an income tax rate of 25%, after only Considering the above operations, the income tax expense of Fu Hui Company after the occurrence of this operation is (A) dollars.
A, 25,792.5 B, 28,500 C, 27,292.5 D, 35,625
5. If the income tax rate applicable to Fu Hui Company is 25%, in the case of considering only the above business, after the occurrence of the business, Fu Hui Company's operating profit, total profit and net profit increased by (C)
A, 11,4000 Yuan, 103 170 and $77,377.5
B, $109,170, $109,170 and $81,877.5
C, $103,170, $103,170 and $77,377.5
D, $103,170, $142,500 and $106,875