credit: revenue from main business 100
tax payable - VAT payable (output tax) 17 Question: 2. How to do the accounting treatment for an automobile with an original value of 100,000, which has been depreciated by 20,000, and is now sold for 50,000? Answer: Debit: Fixed Assets Liquidation 8
Accumulated Depreciation 2
Credit: Fixed Assets 10
Debit: Bank Deposit 5
Non-operating Expenses 3
Credit: Fixed Assets Liquidation 8 Question: 3. How to do the accounting treatment for the investment of $500,000, and the registration of $300,000? Reference Answer: Debit: Bank Deposit 50
Credit: Paid-in Capital 30
Capital Dividends 20 Question: 4. How to do the accounting treatment for outgoing processed semi-products? Answer: When sending out materials:
Borrow: Consigned Processing Materials
Credit: Low-Value Consumables
Payment of Processing Fee:
Borrow: Consigned Processing Materials
Taxes Payable - VAT Payable (Input Tax)
Credit: Bank Deposits
Upon receipt of the goods upon completion of the work:
Borrow: Paid-in Capital 30
Credit: Bank Deposits 30
When receiving the goods, how to do accounting for the outward processing of semi-products? /p>
Debit: Low-value consumables
Credit: Consigned materials Question: 5. What are the definitions of cash discounts, commercial discounts and sales discounts?
Question: 6. The concept of capital surplus? Reference Answer: Question 5, 6 please refer to the relevant professional books I. Single choice questions (for each of the following questions, there is only one correct answer that meets the meaning of the question, fill in the brackets with a capital letter of your selected answer number. Questions in this category *** 30 points, 1 point for each sub-question. No choice . (No marks will be given for this sub-question if you make a wrong choice or multiple choices.)
1. A blank check is a ( ).
a. blank checks that have not yet been used b. checks that have not yet been filled out with the payee c. checks that are filled out for an amount greater than the amount deposited in the bank d. checks that have been voided
2. A fixed asset has an original value of 13,000 yuan, a salvage value of 1,000 yuan, and an estimated useful life of 10 years. The company depreciates the equipment using a categorical depreciation rate of 9% per year. The equipment should be depreciated ( ) dollars per month.
a.108.33 b.100 c.90 d.97.5
3. When the commercial bill of exchange is due, the accepting bank pays the discounting bank as much as it is due, and the discounting enterprise should ( ).
a. Debit: accounts receivable b. Debit: accounts receivable Credit: notes receivable Credit: short-term borrowing c. Debit: accounts receivable d. No accounting Credit: bank deposits
4. Under special circumstances, the unit cash on hand limit is limited to a maximum of ( ) days of cash required for day-to-day incidental expenses.
a.30 b.20 c.15 d.10
5. An enterprise purchases a batch of computers with a total value of 200,000 yuan, randomly accompanied by several sets of software that are not individually valued and whose current market value is 10,000 yuan. The recorded value of the batch of computers is ( ) dollars. a.200,000 b.210,000 c.190,000 d.200,500
6. A business holds a note with a coupon rate of 6%. The face value is $28,000. A banker's acceptance with a maturity of 60 days applies to the depositary bank for discounting, with a discount period of 50 days, a discount rate of 7.2%, and a discounted interest of ( ) yuan. a.218.80 b.288.80 c.280.00 d.282.80
7. "Materials in transit" account debit accounting ( ). a. the actual cost of materials warehoused b. the actual cost of materials in transit c. the planned cost of materials warehoused d. the planned cost of materials in transit
8. an enterprise at the beginning of the month the planned cost of raw materials on hand 300,000 yuan, the material cost savings variance of 5,000 yuan; this month's revenues of raw materials planned cost of 500,000 yuan, the cost of incoming materials cost overrun variance of 9,800 yuan . If the planned cost of materials issued this month is 400,000 yuan, the material should be assessed ( ). a. the overrun variance of $2,400 b. the overrun variance of $7,400 c. the savings variance of $2,400 d. the savings variance of $7,400
9. Purchase of fixed assets that need to be installed should first be attributed to the recorded value of fixed assets through the ( ) account. a. "Fixed Assets" b. "Fixed Assets Liquidation" c. "Construction in Progress" d. "Accumulated Depreciation"
10. After receiving the check and filling out the bill to the bank to complete the formalities, the enterprise should be debited to the ( ) account and credited to the relevant accounts. a. "Bills Receivable" b. "Bank Deposits" c. "Cash" d. "Other Monetary Funds"
11.An enterprise has a piece of equipment with an original value of $36,000, an estimated net salvage value of $1,800, and an estimated useful life of 5 years, which is depreciated by using the sum-of-the-years method, and the depreciation rate for the third year is ( ). a.33.33% b.26.67% c.20% d.13.33%
12. When the double-declining-balance method of depreciation is used, the factors affecting the depreciation rate of fixed assets are ( ). a. the original cost of fixed assets b. the estimated net salvage value c. the estimated useful life d. the estimated cost of liquidation
13.The net loss on retirement of fixed assets used by the administration of the enterprise should be transferred to the ( ) account. a. "Non-Operating Expenses" b. "Non-Operating Income" c. "Manufacturing Expenses" d. "Administrative Expenses"
14. When an enterprise purchases materials, if it uses banker's acceptance to settle the loan, the banker's acceptance fee paid should be included in the ( ) account. a.Material purchase cost b.Notes payable c.Administrative expenses d.Finance costs
15.The following expenditures shall not be charged to benefits payable ( ). a. Employee living difficulties b. Welfare department staff salaries c. Employee medical expenses d. Construction of staff quarters
16. The deposit received by the enterprise to rent packaging, should be borrowed from the "cash" or "bank deposits" account, credited to the ( ) account. a. "Accounts Payable" b. "Prepaid Accounts" c. "Other Accounts Payable" d. "Other Business Income"
17. prepaid business is not much business, you can not set up a "prepaid accounts" account, but should be incurred in the prepaid accounts into the ( ) account. a. "Accounts Receivable" b. "Accounts Payable" c. "Other Receivables" d. "Other Payables"
18. The following is not inventory ( ). a. Commissioned materials b. Products in process c. Project materials d. Purchased semi-finished products
19.An enterprise uses the moving weighted average method to calculate the cost of materials issued for material a. On April 6, the weighted average unit price of material a is 5 yuan/kg, and the amount of inventory is 1,000 kilograms. 3,000 kilograms of material a is purchased on April at a unit price of 5.2 yuan/kg. on April 8, the production workshop receives material 2500 kilograms, then its issued cost is ( ) yuan. a.12,500 b.12,875 c.13,000 d.12,750
20. The following items should not be accounted for through the "other receivables" account ( ). a. Cash shortages claimable from cashiers b. Payments receivable from sales of goods c. Fines chargeable to employees for irregularities d. Travel advances made by employees
21. When the weighted average method is used to determine the actual cost of inventory issued, the factors that do not affect the weighted average unit price for the period are ( ). a. the number of inventory balances at the end of the period b. the number of inventory balances at the beginning of the period c. the cost of inventory additions during the period d. the cost of inventory balances at the beginning of the period
22. An enterprise is contracted to make a prepayment of 10,000 yuan for the purchase of raw materials and accounted for through the "prepayments" account. At final settlement, the actual price of the raw materials purchased is $12,000. Then pay 2,000 yuan difference in accounting entries for ( ). a. Debit: Prepayments 2,000 b. Debit: Raw Materials 2,000 Credit: Bank Deposits 2,000 Credit: Bank Deposits 2,000 c. Debit: Purchase of Materials 2,000 d. Debit: Accounts Payable 2,000 Credit: Bank Deposits 2,000 Credit: Bank Deposits 2,000
23. a enterprise entrusts b enterprise to process 500 kilograms of materials, whose actual cost is 4 ,500 yuan; a enterprise bears the round-trip freight 290 yuan, 2 yuan per kilogram of material processing costs. Processing is completed to recover, the recorded value of the batch of materials for ( ) yuan. (All do not take into account the value-added tax credit) a. 4,647 b. 5,500 c. 5,645 d. 5,790
24. an enterprise temporarily leased a piece of equipment, the following is correct ( ). a. Accounted for as its own fixed assets and depreciated b. Not accounted for as its own fixed assets, but depreciated c. Not accounted for as its own fixed assets, but only recorded as a provision d. No accounting treatment
25. The recorded value of accounts receivable does not include (). a. payment for goods sold or services provided b. transportation and miscellaneous charges advanced on behalf of the purchaser c. penalties receivable from customers for breach of contract d. value-added tax receivable on the sale of goods or provision of services
26.Enterprise A leases a piece of production equipment on finance, with a lease payment of RMB 450,000 yuan payable and transportation and miscellaneous charges of RMB 6,000 yuan paid. After the arrival of the equipment, enterprise A according to the contract to pay the first lease payment of 150,000 yuan, the balance in two years to pay off. The equipment has a book value of ( ) dollars. a.450,000 b.456,000 c.156,000 d.306,000
27. The exchange settlement method is applicable to ( ) between the settlement of various payments. a. Same city b. Different places c. Same city, different places can be d. Enterprises independently in the same city. Choose one of the off-site
28. An enterprise sales of goods cash discount conditions are "2/10-1/20-n/30". If the business sells goods for $2,000 and the customer returns the goods on the 11th day, the business receives $( ). a.2,000 b.1,960 c.1,980 d.1970
29.A provision for bad debts results in ( ). a. a decrease in accounts receivable b. a decrease in bad debt losses c. a decrease in current profit d. an increase in available cash
30. According to the current system, the following fixed assets are not depreciated ( ). a. fully depreciated overage fixed assets b. buildings in use c. unused houses d. overhaul of the machine out of service
II. Multiple Choice Questions (For each of the following questions, there are two or more correct answers that meet the meaning of the question, fill in the brackets with the answer number you have selected in English capital letters. Questions in this category *** 20 points, 2 points for each sub-question. No choice . Wrong choice or multiple choice, this sub-question will not be scored; fewer choices, 0.5 points for each correct answer, but this sub-question will be scored a maximum of 1.5 points.)
1. The following are monetary funds ( ). a. cash b. commercial drafts c. bank deposits d. other monetary funds e. short-term borrowing
2. The following economic operations, the enterprise can be settled with cash payments ( ). a. Reimbursement of medical expenses of employees 1,258 yuan b. Purchase of materials from another enterprise to pay the price of 2,000 yuan and value-added tax of 340 yuan c. Purchase of agricultural products from individual farmers to pay the price of 56,100 yuan d. Payment of wages to the staff of 64,960 yuan e. Purchase of office supplies from the store of cultural supplies of 845 yuan
3.3. The following items should be accounted for through the account of "other monetary funds" ( ). The ( ). a. bankers' acceptances b. cashier's checks c. checks d. foreign deposits e. bank drafts
4. a non-interest-bearing commercial paper held by an enterprise when due, the payer does not have the money to pay, the enterprise should be ( ). a. debit "accounts receivable" b. debit "finance charges" c. credit "short-term borrowing" d. credit "notes receivable" e. credit "revenue from product sales"
5. If the actual amount of cash in the enterprise is less than the carrying amount of 200 yuan, the cause of the error may be ( ). a. cash cashier overpayment of cash b. cash cashier undercollection of cash c. cash cashier embezzlement d. mistakenly recorded 200 yuan of expenditure as income e. mistakenly recorded 100 yuan of expenditure as income
6. The following should be included in the recorded value of purchased fixed assets ( ). a. the purchase price of fixed assets b. packaging costs paid for the purchase of fixed assets c. the cost of installation labor for the purchase of fixed assets d. the cost of installation materials for the purchase of fixed assets e. the value-added tax paid for the purchase of fixed assets
7. The main principles that should be followed in the internal control of cash are ( ). a. Separation of duties b. Separation of transactions c. Separation of cash and books d. Internal audit e. Regular rotation
8. The following are components of the total wage bill ( ). a. Apprentice trainee wages b. Wages based on turnover c. Allowance for a single child d. Scientific and technological progress awards e. Sick pay
9. An enterprise's production workshop receives 3,000 yuan of low-value consumables and recovers 500 yuan in cash at the time of scrapping. If the 50-50 amortization method of accounting, the accounting entries should be made at the time of scrapping ( ). a. Debit: Manufacturing overhead 1,500 Credit: Low-value consumables - amortization of low-value consumables 1,500 b. Debit: Manufacturing overhead 3,000 Credit: Low-value consumables - amortization of low-value consumables 3,000 c. Debit: Low-value consumables --Low-value consumables in use 3,000 Credit: Amortization of low-value consumables 3,000 d. Debit: Amortization of low-value consumables 3,000 Credit: Low-value consumables - Low-value consumables in use 3,000 e. Debit: Cash 500 Credit: Manufacturing overhead 500
10. When inventory loss is approved for disposal, it should be credited to the account of "Property loss and damage to be disposed of - Current assets loss and damage to be disposed of "account, the possible debit accounts are ( ). a. "Non-operating Expenses" b. "Administrative Expenses" c. "Manufacturing Expenses" d. "Other Accounts Payable" e. "Other Receivables"
III. Judgment questions (fill in the judgment in parentheses in each sub-question, and indicate with "o" if you think it is correct, and "x" if it is wrong. This category of questions *** 20 points, 1 point for each sub-question. (Points are scored for correct judgment, and no points are scored or deducted for incorrect judgment or no judgment.)
1. The cashier should reconcile the cash journal account balance with the number of cash on hand at the end of each day or month. ( )
2. The accounting supervisor must be present to supervise when a cash field inventory is conducted. ( )
3. For the payee, the receipt of bank drafts and commercial money orders should be accounted for through the "notes receivable" account. ( )
4. Both the field inventory system and the perpetual inventory system require that continuous entries be made in the books of account for the receipt and issue of raw materials at regular intervals. ( )
5. Whether actual costing or planned costing is used, the cost of inventory issued must ultimately be high speed to actual cost. ( )
6. The saving difference of incoming materials and the saving difference or overspending difference of issued materials should be shared, should be accounted for in the "material cost difference" account credit. ( )
7. Fixed assets increased and decreased during the month should be depreciated during the month. ( )
8. Fixed assets overhaul costs incurred by the enterprise, generally should be first through the "construction in progress" account for the collection of the overhaul project is completed, and then transferred to the "fixed assets" account. ( )
9. Scrap. Destruction. Inventory loss and other reasons for the reduction of fixed assets, should be accounted for through the "fixed assets liquidation" account. ( )
10. "Consumption-based inventory" method is a method used to determine the cost of materials issued under the field inventory system. ( )
11. Income from the sale of used fixed assets is classified as other operating income. ( )
12. Income from the sale of packaging with the goods should be recorded as revenue in the "other business income" account. ( )
13. All kinds of wages, bonuses, allowances, subsidies, etc. included in the total wages, regardless of whether they are paid in the month, should be accounted for through the "wages payable" account. ( )
14. For the transfer from one workshop to another workshop to continue processing of self-made semi-finished products, must be accounted for through the "self-made semi-finished products" account. ( )
15.Enterprises can use the direct write-off method or the allowance method to account for bad debt losses. ( )
16. Bank drafts and cashier's checks are issued and accepted for payment by banks. ( )
17. Outstanding accounts are those that have not yet been settled between the bank and the enterprise. ( )
18. In order to equalize the cost burden of the enterprise, the accounting of the overhaul cost of the enterprise can be either by the method of amortization or by the method of withholding. ( )
19. All containers with packaging functions must be accounted for as packaging. ( )
20. For sales of goods where commercial discounts exist, sales revenue and accounts receivable should be recognized on the basis of the net amount after deducting the commercial discounts. ( )
IV. Calculation and analysis questions (where there is a requirement for calculation, all must be listed in the calculation process. This category of questions *** 30 points, each sub-question 10 points.)
1. Company A purchases a piece of production equipment to be installed, the VAT invoice states that the price of 25,000 yuan, VAT 4,250 yuan, Company A immediately issued a face value of 29,250 yuan. Company A immediately issues a commercial bill of exchange with a nominal value of RMB 29,250 and a maturity of 60 days. The equipment is installed and delivered, and the bank deposit is used to pay all the installation and commissioning costs of RMB 3,700, and the double balance is used to obtain the sale proceeds of RMB 20,000, and the freight costs of RMB 300 are also paid. All receipts and expenditures are settled by bank deposits. Requirements: Based on the above economic operations, prepare the accounting entries for the following economic operations: (1) issue a commercial draft to purchase the equipment (2) pay the installation fee (3) deliver the equipment for use after installation (4) depreciate the equipment in the second year (and write the formula for calculating the depreciation) (5) transfer the equipment to liquidation (6) transfer the equipment to obtain the proceeds (7) pay for the transportation and miscellaneous expenses of liquidating the equipment (8) carry forward the net gain or loss on liquidation of the equipment (9) The note expires, Company A is unable to repay
2. Company B is a general taxpaying enterprise, raw materials using planned costing, the beginning of the planned cost of raw materials is 45,000 yuan, the material cost savings difference of 5,000 yuan; this month, a batch of raw materials purchased, the planned cost of 80,000 yuan, the VAT invoice states that the price is 86,500 yuan, VAT 14,750 yuan, the material has been accepted into storage, the material has been accepted into storage, and the VAT is 14,750 yuan, and the material has been accepted into storage. The materials have been inspected and accepted into the warehouse, and the payment is made by bank deposit; the planned cost of the materials received for the production of the products this month is RMB 60,000, and the planned cost of the materials received by the administrative department is RMB 5,000. Requirements: (1) the preparation of the purchase of raw materials accounting entries (2) the preparation of this month's receipt of raw materials accounting entries (3) the calculation of the rate of material cost differences (4) the end of the month to carry forward the issue of material cost differences (5) the calculation of the actual cost of materials on hand at the end of the month
3. C company for the general taxpaying enterprises, the occurrence of the month part of the economic operations are as follows: (1) the sale of a batch of products, the value-added tax invoices stated that The price is RMB300,000 and VAT is RMB51,000, and the payment is received and deposited in the bank. The cost of the products is RMB 240,000. (2) A batch of raw materials is purchased at a price of RMB160,000 and VAT of RMB27,200 as stated in the special VAT invoice. The materials are valued at RMB161,000, and the materials are valued at actual cost in the daily accounting. (3) A non-interest-bearing commercial bill of exchange with a face value of 200,000 yuan is due this month and is transferred to accounts receivable due to the other party's inability to pay. (4) Depreciation of fixed assets amounted to NT$6,000, of which NT$4,500 was depreciated on production equipment and NT$1,500 was depreciated on the fixed assets of the company's administrative department. (5) Payment of unpaid income tax for the previous month in the amount of NT$7,236 by bank deposits. (6) Distribute employee salaries for the month of NT$32,000, of which NT$25,000 are for production workers, NT$2,500 are for workshop managers, and NT$4,500 are for the company's administrative management. (7) Provision for employee welfare expenses is made at 14% of total wages. (8) Provision for bad debts of $1,000. (9) Bad debt losses of $3,000 were incurred on accounts receivable. (10) The net loss for the year is NT$50,000, which is carried forward to the "Profit Distribution" account. Requirements: Prepare the relevant accounting entries based on the above economic operations.