国际会计考试类型题目汇.doc

3.1 R Case Study 1 Adala and Barly are in partnership sharing profits and losses in the ratio 3:2. The partnership agreement further states that: (1) Adala an annual salary will be ￡10,000. and Barly will be ￡5,000 (2) Each partner is to be charged interest at 4% per annum on the total amount of his drawings in any year. Their trial balance at 31 December 2008 as show as follows: Capital Adala65,000 Barly30,000Current a/c at 1 January 2008 Adala12,800 Barly10,500Drawing Adala16,000 Barly9,500Sales102,900Freehold premises50,000Motor vehicles, at cost15,000Fixtures and fittings, at cost35,000Plant and machinery, at cost12,000Stock at 1 January 20086,850Purchase54,640Water and electricity3,290Sundry expenses1,620Bank8,300Debtors27,200Carriage in7,000Carriage out8,000Provision for depreciation at 1 January 2008 Motor vehicles4,500 Fixtures and fittings17,500 Plant and machinery6,000Creditors5,200254,400254,400 Additional information: Stock on 31 December 2008 is ￡12,650 At the end of 2008 the water prepayment was ￡750 At the end of 2008 the electricity was accrued ￡300 All fixed assets are on the straight line for depreciation, the useful life of: Motor vehicles is 10 years Fixtures and fittings is 5 years Plant and machinery is 5 years REQUIRED (a) Prepare for Adala and Barly, in respect of the year ended 31 December 2008: (i) The Profit Loss Appropriation Account. (32 Marks) (ii) Balance sheet on 31 December 2008 (38 Marks) 3.3 Dixion and Speedie K. Dixon and D. Speedie consulted an accountant in March 20X4 and explained that they had been carrying on a spare-time business as electrical contractors in partnership, since 1 May 20X2. No accounts had ever been prepared and the fear was that the taxman might soon start to get nasty. It was agreed that the accountant should prepare accounts for the year ended 30 April 20X3