各位参加2020年ACCA考试的小伙伴们注意啦！今天帮考网给各位小伙伴分享2020年ACCA考试-F3财务会计模拟练习题(7)，感兴趣的小伙伴赶快来围观哦！

7.1 Which of the following correctly describe the entry in the sales account for a sale for a sales tax registered trader?

A Credited with the total of sales made, including sales tax

B Credited with the total of sales made, excluding sales tax

C Debited with the total of sales made, including sales tax

D Debited with the total of sales made, excluding sales tax

答案：B

7.2 Sales (including sales tax) amounted to $27 ,612.50, and purchases (excluding sales tax) amounted to $18,000. What is the balance on the sales tax account, assuming all items are subject to sales tax at 17.5%?

A $962.50 debit

B $962. .50 credit

C $1 ,682. 10 debit

D $1 ,682.10 credit

答案：B

7.3 Which of the following statements about IAS 2 Inventories is correct?

A Production overheads should be included in cost on the basis of a company\'s normal level of activity in the period.

B In arriving at the net realisable value of inventories, trade discounts and settlement discounts must be deducted.

C In arriving at the cost of inventories, FIFO, LIFO and weighted average cost formulas are acceptable.

D It is permitted to value finished goods inventories at materials plus labour cost only, without adding production overheads.

答案：A

7.4 You are preparing the financial statements for a business. The cost of the items in closing inventory is $41 ,875. This includes some items which cost $1 ,960 and which were damaged in transit. You have estimated that it will cost $360 to repair the items, and they can then be sold for $1 ,200. What is the correct inventory valuation for inclusion in the financial statements?

A $39,915

B $40,755

C $41,515

D $42,995

答案：B

7.5 An inventory record card shows the following details.

February 1 50 units in stock at a cost of $40 per unit

7 100 units purchased at a cost of $45 per unit

14 80 units sold

21 50 units purchased at a cost of $50 per unit

28 60 units sold

What is the value of inventory at 28 February using the FIFO method?

A $2,450

B $2,700

C $2,950

D $3,000

答案：C

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