Acca financial Accounting (FA) Study Text ac ca (FA)

Use the above information to attempt questions 66 to 69 inclusive. 

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PRACTICE QUESTIONS 

482

 

KAPLAN PUBLISHING

 

66 

What was the depreciation charge for buildings for the year and their 

carrying amount at 31 December 20X5? 

 $ 

Depreciation charge 

 

Carrying amount 

 

67 

What was the depreciation charge for plant and machinery for the 

year and the carrying amount at 31 December 20X5? 

 $ 

Depreciation charge 

 

Carrying amount 

 

68 

What was the total irrecoverable debt expense for the year and the 

closing net receivable balance at 31 December 20X5? 

 $ 

Irrecoverable debt expense 

 

Carrying amount 

 

69 

What was the charge for rent and insurance for the year and the 

closing accrual and prepayment at 31 December 20X5? 

Charge for the year 

 

Closing accrual/prepayment

 

 

 

$  

 

$  

A Rent 

30,000 

Rent 

accrual 

3,000 

 Insurance 

24,000 

Insurance 

prepayment  6,000 

B Rent 

36,000 

Rent 

accrual 

2,000 

 Insurance 

24,000 

Insurance 

prepayment  6,000 

C Rent 

36,000 

Rent 

accrual 

3,000 

 Insurance 

24,000 

Insurance 

prepayment  6.000 

D Rent 

30,000 

Rent 

accrual 

3,000 

 Insurance 

30,000 

Insurance 

prepayment  6,000 

 

 

 

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Chapter 23 

KAPLAN PUBLISHING

 

483 

Company accounts 

70  Geese’s trial balance shows an overprovision in respect of income tax for 

the year ended 31 December 2004 of $5,000. Geese estimates that tax 

liability in respect of the year ended 31 December 2005 will be $23,000. 

What is the tax charge in Geese’s statement of profit or loss and the 

liability included in the statement of financial position for the year 

ended 31 December 2005? 

 $ 

Profit or loss charge 

 

Statement of financial position 

 

71  An entity has the following share capital: 

 

Authorised Issued 

 $000 

$000 

25c equity shares 

8,000 

4,000 

6% 50c preference shares 

2,000 

1,000 

In addition to providing for the year’s preference dividend, an ordinary 

dividend of 2c per share is to be paid before the year end.