11 The following information is available for Orset, a sole trader who does not keep full accounting records: $ Inventory 1 July 2004 138,600 30 June 2005 149,100 Purchases for year ended 30 June 2005 716,100 Orset makes a standard gross profit of 30 per cent on sales. Based on these figures, what is Orset’s sales figure for the year ended 30 June 2005? A $2,352,000 B $1,038,000 C $917,280 D $1,008,000
答案：D
13 Which of the following correctly describes the imprest system for operating petty cash? A All expenditure out of petty cash must be supported by a properly authorised voucher. B A regular equal amount of cash is transferred into petty cash. C The exact amount of expenditure out of petty cash is reimbursed at intervals. D A budget is fixed for a period which petty cash expenditure must not exceed.