Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question Each question is worth 2 marks. Which TWO of the following items must be disclosed in the note to the financial statements for intangible assets? (1) The useful lives of intangible assets capitalised in the financial statements  (2) A description of the development projects that have been undertaken during the period (3) A list of all intangible assets purchased or developed in the period (4) Impairment losses written off intangible assets during the period  A 1 and 4 B 2 and 3  C 3 and 4  D 1 and 2  Answer： A ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣   更多精彩： 【考试攻略】最全ACCA笔考攻略（超详细） 新手入门之ACCA备考如何挑选教材？ CFA,FRM,CPA,ACCA,MBA谁更适合你?      

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks. Which of the following statements are correct? (1) Capitalised development expenditure must be amortised over a period not exceeding five years. (2) Capitalised development costs are shown in the statement of financial position under the heading of non-current assets (3) If certain criteria are met, research expenditure must be recognised as an intangible asset. A 2 only B 2 and 3 C 1 only D 1 and 3 Answer： A ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣   更多精彩： ACCA这张证书价值究竟有多大？写给对ACCA仍不了解的童鞋们 传说中最适合考ACCA的大学专业，你的专业中枪了吗.... 5大ACCA学习利器！  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question. Each question is worth 2 marks. At 31 December 20X4 a company’s capital structure was as follows:                                                                 $ Ordinary share capital                       125,000 (500,000 shares of 25c each) Share premium account                    100,000 In the year ended 31 December 20X5 the company made a rights issue of 1 share for every 2 held at $1 per share and this was taken up in full. Later in the year the company made a bonus issue of 1 share for every 5 held, using the share premium account for the purpose. What was the company’s capital structure at 31 December 20X5? Ordinary share capital Share premium account A $450,000 $25,000 B $225,000 $250,000 C $225,000 $325,000 D $212,500 $262,500 Answer： B Share capital Share premium                                                                  $                          $ Balance b/f                                       125,000                100,000 Rights issue                                         62,500                187,500 Bonus issue                                         37,500                 (37,500)                                                            ––––––––                –––––––– Balance c/f                                         225,000                 250,000                                                             ––––––––               ––––––––   ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣   更多精彩： ACCA这张证书价值究竟有多大？写给对ACCA仍不了解的童鞋们 ACCA学历项目：英国伦敦大学专业会计硕士（UOL）学位申请 ACCA会员分享 | 会计人成长重在“宽度”与“高度”      

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question. Each question is worth 2 marks. A company’s motor vehicles cost account at 30 June 20X6 is as follows: Motor vehicles – cost                                                                                   $                                                                       $ Balance b/f                                                          35,800                            Disposal                       12,000 Additions                                                             12,950                        Balance c/f                       36,750                                                                            –––––––                                                                –––––––                                                                              48,750                                                                 48,750                                                                            –––––––                                                                ––––––– What opening balance should be included in the following period’s trial balance for Motor vehicles – cost at  1 July 20X6? A $36,750 Dr B $48,750 Dr C $36,750 Cr D $48,750 Cr Answer： A ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 5大ACCA学习利器！ 【考试攻略】最全ACCA笔考攻略（超详细） ACCA会员分享 | 会计人成长重在“宽度”与“高度”      

数量，协会强烈建议考生自带午餐   杭州考场   1.Hangzhou International Expo Center（杭州国际博览中心）   地址：浙江省杭州市萧山区奔竞大道353号 交通路线：地铁2号线钱江世纪城站下F口出，步行约20分钟到，或乘坐公交419路在国际博览中心站下，或乘坐422路金鸡路奔竞大道口站下，步行约10分钟到 停车：4000个停车位，2.5元/小时，或者20元/天 考生入口：2号门直达测试厅 入场时间：早上7:45开始，下午13:00开始 午餐：2楼有美食廊，考生可以在此购买盒饭并就餐，外带食物禁止在场馆内食用   青岛考场   1.Qingdao International Convention Center（青岛国际会展中心） 地址：青岛市崂山区苗岭路9号  电话：0532-88894301  停车服务： 1、经苗岭路->1号门->南广场  2、经云岭路->2号门->东广场 交通指南： 地铁11号线会展中心B出口 大连考场   1.Dalian World Expo Center（大连世界博览广场）   地址：辽宁省大连市星海广场F区10号 交通路线：地铁1号线会展中心站D出口或1号线星海广

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks.  Which of the following statements is true? A The interpretation of an entity’s financial statements using ratios is only useful for potential investors B Ratios based on historical data can predict the future performance of an entity C The analysis of financial statements using ratios provides useful information when compared with previous performance or industry averages  D An entity’s management will not assess an entity’s performance using financial ratios Answer：  C ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA这张证书价值究竟有多大？写给对ACCA仍不了解的童鞋们 ACCA F1科目考试重点，必看！ 上班族如何高效复习备考ACCA？  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question. Each question is worth 2 marks. Which of the following are differences between sole traders and limited liability companies? (1) A sole trader’s financial statements are private and never made available to third parties; a company’s financial  statements are sent to shareholders and may be publicly filed (2) Only companies have share capital (3) A sole trader is fully and personally liable for any losses that the business might make (4) Drawings would only appear in the financial statements of a sole trader A 1 and 4 only  B 2, 3 and 4  C 2 and 3 only D 1, 3 and 4  Answer： B ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 上班族如何高效复习备考ACCA？ 传说中最适合考ACCA的大学专业，你的专业中枪了吗.... ACCA准考证打印（附教程）    

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question. Each question is worth 2 marks. The total of the list of balances in Valley’s payables ledger was $438,900 at 30 June 20X6. This balance did not agree with Valley’s payables ledger control account balance. The following errors were discovered: (1) A contra entry of $980 was recorded in the payables ledger control account, but not in the payables ledger. (2) The total of the purchase returns daybook was undercast by $1,000. (3) An invoice for $4,344 was posted to the supplier’s account as $4,434. What amount should Valley report in its statement of financial position for accounts payable at 30 June 20X6? A $436,830 B $438,010 C $439,790 D $437,830 Answer:  D                                                         $ Balance per ledger                      438,900 Less contra                                       (980) Posting error                                      (90)                                                    –––––––– Corrected balance                       437,830                                                     –––––––– ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣   更多精彩： 传说中最适合考ACCA的大学专业，你的专业中枪了吗.... ACCA准考证打印（附教程） 学ACCA能收获哪些实用专业技能？        

Ham, Sam and Tam formed a partnership to run a petrol station. The partnership agreement expressly stated that the partnership business was to be limited exclusively to the sale of petrol. In January 2008 Sam received £10,000 from the partnership’s bank drawn on its overdraft facility. He told the bank that the money was to finance a short-term partnership debt but in fact he used the money to pay for a round the world cruise. In February Tam entered into a £15,000 contract on behalf of the partnership to buy some used cars, which he hoped to sell from the garage forecourt. In March the partnership’s bank refused to honour its cheque for the payment of its monthly petrol account, on the basis that there were no funds in its account and it had reached its overdraft facility. Required: Advise Ham, Sam and Tam as to their various rights and liabilities in relation to partnership law. (10 marks) 【答案】 Sam has clearly used his powers for an unauthorised purpose. Unfortunately for the other partners they cannot repudiate his transaction with the bank, even although it was outside his actual authority. The reason being that it is within his implied authority as a partner to enter into such a transaction. As a trading partnership, all the members have the implied authority to borrow money on the credit of the firm and the bank would be under no duty to investigate the purpose to which the loan was to be put. As a result the partnership cannot repudiate the debt to the bank and each of the partners will be liable for its payment. It has to be stated, however, that Sam will be personally liable to the other partners for the £10,000 and as a further consequence of his breach of his duty not to act in any way prejudicial to the partnership business, the partnership could be wound up. Tam’s purchase of the used cars was also clearly outside of the express provision of the partnership agreement. Nonetheless the partnership would be liable as the transaction would be likely to be held to be within the implied authority of a partner in a garage business (Mercantile Credit v Garrod (1962)). Once again Tam, the partner in default of the agreement, would be liable to the other members for any loss sustained in the transaction. As regards the payment for the petrol, that is clearly within the ambit of the partnership and the members are all liable for non-payment. If the partnership cannot pay the outstanding debts then the individual partners will become personally liable for any outstanding debt. Although under s.9 of the Partnership Act 1890 partnership debts are said to be joint, the Civil Liability Act 1978 provides that a judgement against one partner does not bar a subsequent action against the other partners. Once the debts owed to outsiders have been dealt with, then the internal financial relationships of the partners amongst themselves will be dealt with according to the partnership agreement.  ACCA特许公认会计师F段+OBU本科学位班【签约班】                  高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年                查看折扣  ACCA特许公认会计师P段【签约班】                                         名师授课，签约过