ATC

INTERNATIONAL

ACCA

PAPER F3

FINANCIAL ACCOUNTING
(INTERNATIONAL STREAM)

STUDY QUESTION BANK

VOLUME 1

(i)
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(ii)
 STUDY QUESTION BANK – FINANCIAL ACCOUNTING – VOLUME 1 (F3)

CONTENTS

Question Page Answer Marks Date worked

BALANCE SHEET AND INCOME STATEMENT

1 Jan Bartok 1 1001 8

2 Tomas Maxim 1 1002 9

DOUBLE ENTRY BOOKKEEPING PRINCIPLES

3 Victor Borissov 2 1003 22

LEDGER ACCOUNTING AND THE TRIAL BALANCE

4 Roman 3 1006 22
5 Petr 3 1008 21
6 Grigory 4 1011 24
7 Dana 4 1014 23
8 A Patel 5 1017 35
9 Bohm 5 1022 10
10 Ivan Tombs 6 1024 14
11 Viktor 6 1027 7
12 Angelo 7 1029 40
13 Stefan 8 1034 23
14 R Rybin 8 1037 27
15 Nixon 9 1042 30

CREDIT TRANSACTIONS

16 Damien 10 1046 5
17 Ricardo 10 1046 15

ACCRUALS AND PREPAYMENTS

18 Dino 11 1049 10
19 A Crew 12 1049 8
20 Tomasz 12 1051 12
21 Pushkova 13 1053 15
22 Scorcese 14 1054 17
23 Tolstoy 14 1055 6
24 Haertel 15 1056 8

DEPRECIATION AND DISPOSAL OF NON-CURRENT ASSETS

25 Rookie 15 1056 10
26 Alexander 15 1057 6
27 Udot 16 1058 7
28 Popov 16 1059 6
29 Reuther 16 1060 10

(iii)
FINANCIAL ACCOUNTING – VOLUME 1 (F3) – STUDY QUESTION BANK

CONTENTS

Question Page Answer Marks Date worked

RECEIVABLES AND PAYABLES

30 Krol 17 1062 6
31 Hyundai 17 1063 6
32 Dinul 17 1064 7
33 Pushkin 18 1065 9
34 Ink Products 18 1066 8
35 Adam 19 1067 10
36 Strak 20 1068 8
37 Frederik 20 1070 10

INVENTORY

38 C3P0 21 1071 10
39 Ogay 21 1071 8
40 Ales 21 1072 4

CONSOLIDATION

41 Period-end adjustments 22 1073 40

BOOKS OF PRIME ENTRY AND CONTROL ACCOUNTS

42 A Smit 23 1078 30
43 Rebecca 24 1081 20
44 Wooden Tops 25 1085 16
45 Rubens 25 1086 3
46 Zone 25 1087 6
47 Hastings & Co 26 1087 18
48 Zenkerova 26 1088 11
49 Rankine 27 1089 40
50 Henry Williams 28 1095 40

CONTROL ACCOUNT RECONCILIATIONS

51 Brabantia 29 1102 9
52 Tartufo 29 1103 10
53 Racy 30 1104 15
54 Teletubby 31 1104 16
55 Robin & Co 32 1106 15
56 Showers 32 1106 15
57 Hubert 33 1107 22

BANK RECONCILIATIONS

58 Talant 35 1109 8
59 Pringle 35 1109 5
60 White 36 1109 6
61 Gorbachev 36 1110 8
62 Jovanovich 37 1110 8
63 North Star Company 37 1111 12
64 Dealers 38 1111 15
65 Geneva 39 1112 15

(iv)
 STUDY QUESTION BANK – FINANCIAL ACCOUNTING – VOLUME 1 (F3)

CONTENTS

Question Page Answer Marks Date worked

JOURNAL ENTRIES AND SUSPENSE ACCOUNTS

66 Yulia 40 1113 10
67 Ogre 40 1114 8
68 Groan 41 1114 15
69 Blackwater Transport 41 1115 15
70 Smetena Newsagents 42 1116 18
71 Alpha 43 1118 20
72 Cosy Comforts 44 1121 20
73 Rafal Jaffa 45 1122 20
74 XYZ 46 1124 18
75 CND 48 1126 26

BASIC ACCOUNTS PREPARATION

76 Jolanta 50 1128 20
77 Gandalf 51 1131 18
78 Maria 52 1132 20
79 Federov 53 1134 20
80 Heinz 54 1137 20
81 Gammon 55 1141 20
82 Stewart 57 1144 20
83 Bowie 59 1146 25

MULTIPLE CHOICE QUESTIONS

Test 1 61 1148 15
Test 2 64 1149 20
Test 3 67 1152 18
Test 4 70 1154 18
Test 5 74 1157 15

(v)
FINANCIAL ACCOUNTING – VOLUME 1 (F3) – STUDY QUESTION BANK

(vi)