成本会计continue from 1.2 of Chapter 1及答案.doc

2.2 （continue from 1.2 of Chapter 1）Next year，Mr. Lee continue his business，and do not want to employ any accountant，because he believe that accountant’ job would be redundant to his business and bank records could help him as accountant. Thereforehe put all his remained cash into a bank and opened a checking account in the bank. On July 1，he purchased a van，which is expected to use in 10 yearsno residual value after 10 years , at a price of $80,000 for his business transportation. On the same day，he paid $20000 for it comprehensive insurance for one year. On September 1, he employed a shop assistant with agreed monthly salaries of $1,000，but will pay him each month salaries in next month. At the end of this year，his grocery had $180000 of inventories，$530000 of cash in bank，（but among it，bank claimed that $30000 are put into，in mistake，his checking account）. Trade debtors were stand at $400000 and trade creditors $250,000, and both debtors and creditors were occurred in current year. And Mr. Lee acknowledged that he had consumed $40,000 of his inventories in this year. After check Mr. Lee’s checking a/c in the bank，you obtain： All expenses for the van during this year were $3000 All business expenses in this year were $12,000，excluded any amount of salaries. Cash receiving from proceeds in this year were $800000 Cash disbursement for purchasing inventories in this year were $390,000 Cash receiving from collection of the loan of last year were $80,000 Mr. Lee withdraw cash from bank $46,100 Suppose that income tax rate is 33% You are required to calculate： Profit before tax during this year 2．To justify the bank’s claiming（do not to justify it from bank statement） 答案 Sale 1,200,000 400,000 800,000 Working Cost of sold goods Cost of sold goods 800,000 Beginning inventories 380,000 Gross profit 400,000 Add: purchase 640,000 Less: Expenses 83,000 Less: Closing inventories 180,000 Net profit 317,000 840,000 40,000 Cost of sold goods 800,000 Year 1 Year