The balance shown on a bank statement is always less than the month-end balance of a c

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更多“The balance shown on a bank st…”相关的问题

第1题

A company's trial balance shows a debit balance of $2.1 million brought forward o

n current tax and a credit balance of $5.4 million on deferred tax.The tax charge for the current year is estimated at $16.2 million and the carrying amounts of net assets are $13 million in excess of their tax base.The income tax rate is 30%

What amount will be shown as income tax in the statement of profit or loss for the year().

A、$15.6 million

B、$12.6 million

C、$16.8 million

D、$18.3 million

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第2题

Hawthorn Enterprises CoHawthorn Enterprises Co (Hawthorn) manufactures and distributes f

Hawthorn Enterprises CoHawthorn Enterprises Co （Hawthorn) manufactures and distributes f

Hawthorn Enterprises Co

Hawthorn Enterprises Co (Hawthorn) manufactures and distributes fashion clothing to retail stores. Its year end was 31 March 2015. You are the audit manager and the year-end audit is due to commence shortly. The following three matters have been brought to your attention.

Hawthorn receives monthly statements from its main suppliers and although these have been retained, none have been reconciled to the payables ledger as at 31 March 2015. The engagement partner has asked the audit senior to recommend the procedures to be performed on supplier statements.(3 marks)

(ii) Bank reconciliation

During last year’s audit of Hawthorn’s bank and cash, significant cut off errors were discovered with a number of post year-end cheques being processed prior to the year end to reduce payables. The finance director has assured the audit engagement partner that this error has not occurred again this year and that the bank reconciliation has been carefully prepared. The audit engagement partner has asked that the bank reconciliation is comprehensively audited. (4 marks)

(iii) Receivables

Hawthorn’s receivables ledger has increased considerably during the year, and the year-end balance is $2·3 million compared to $1·4 million last year. The finance director of Hawthorn has requested that a receivables circularisation is not carried out as a number of their customers complained last year about the inconvenience involved in responding. The engagement partner has agreed to this request, and tasked you with identifying alternative procedures to confirm the existence and valuation of receivables. (5 marks)

Required:

Describe substantive procedures you would perform. to obtain sufficient and appropriate audit evidence in relation to the above three matters.

Note: The mark allocation is shown against each of the three matters above.

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第3题

官方结算余额（或国际收支平衡)（official settlements balance or balance of payments)

官方结算余额(或国际收支平衡)(official settlements balance or balance of payments)

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第4题

服务差额（service balance)

服务差额(service balance)

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