2021金融英语考试模拟卷（2）.docx
2021金融英语考试模拟卷（2）本卷共分为1大题21小题，作答时间为180分钟，总分100分，60分及格。 二、多项选择题（共0题，每题2分。每题的备选项中，有多个符合题意） 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.A “Carriage Outwards” account normally has a debit balance. 13.“Long Term Investment” is an item of shareholders fund. 14.“Cash basis accounting” means that accounts only record items which have realizable values in cash. 15.A variable cost is a cost which changes according to market conditions. 16.A “quick ratio” tests the liquidity of a business. 17.A “Purchases” account records only items which were bought for resale. 18.“Share Premium” is a capital profit. 19.$000 Stocks at 1 Jan 01: Raw materials 20 Work in progress 10 Finished goods 25 Wages paid to production workers 60 Raw materials bought in year 150 Factory administration expenses 12 Depreciation of production machinery 15 Further information: Closing stocks at 31 Dec 01: Raw materials 18 Work in progress 3 Finished goods 30 Required:Prepare a manufacturing account in good form for the business. 20.Question 9 (Total: 20 marks)X and Y are in partnership sharing profits and losses in the ratio 3:2. They agree to draw interest on their capital at 8% p.a.; an annual salary to Y of $50,000; and interest on drawings at 10% p.a.; and to allow interest on loans from partners at p.a. The capitals of the partners are to be kept intact. The financial information of the partnership as at 31 january 2001 disclosed the following: $ $ Capital : X 1,000,000 Y 600,000 1600,000 Current Accounts : X 52,600 Cr Y 10,420 Cr 63,020 Loan from X 300,000 Net capital employed 1,963,020 The partners took drawings on 1 July 01: X $60,000; Y $ 30,000 Net trading profit for the year ended 31 December 2001 before interest and salaries to partners was $ 250,000. Required: 21.Question 8 (Total: 20 marks)Mr Lee is a sole trader. He does not know accounting and he only keeps records of cash receipts and payments. The following is a statement of a receipts and payments of his business for the year ended 31.12 .01: $ $ Cash in hand 1.1.01 50,400 Payments for goods 1,131,000 Sales receipts 1,569,000 Transport expenses 87,000 Cash put in by Mr Lee 26,000 Rents and rates 38,100 Loan from Mr Wong 200,000 Wages paid to office assistants 60,000 Drawings by Mr Lee 120,000 Purchase of equipment 400,000 _ Balance at 31.12.01 9,300 1,845,400 1,845,400 Further information: (a) The loan from Mr Wong was received on 1.1.01 . Interest payable is 10% p.a. (b) The equipment was purchased on 1.1.01. Estimated life is 5 years with no residue value. Depreciation should be provided for it on the straight line mrthod. (c) The assets and liabilities of Mr Lee were as follows: 1.1.01 31.12.01 $ $ Stock in trade at cost 150,000 240,000 Trade debtors 138,000 200,000 Trade creditors 100,000 120,000 Equipment at cost _ 400,000 Cash balance 50,400 9,300 Required:第5页 共5页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页第 5 页 共 5 页
