会计学原理快速测试(英文版)

...TESTFORCHAPTER1-4注：判断题红色标记句为错句，选择题加下划线选项为正确 答案 八年级地理上册填图题岩土工程勘察试题省略号的作用及举例应急救援安全知识车间5s试题及答案 PARTITRUEORFALSE1)Accountingisaninformationandmeasurementsystemthatidentifies,records,andcommunicatesrelevant,reliable,andcomparableformationaboutanorganization'sbusinessactivities.2)Managerialaccountingistheareaofaccountingthatprovidesinternalreportstoassistthedecisionmakingneedsofinternalusers. 3)Theprimaryobjectiveoffinancialaccountingistoprovidegeneralpurposefinancialstatementstohelpexternalusersanalyzeandinterpretanorganization'sactivities. 4)Internalusersincludelenders,shareholders,brokersandmanagers. 5)Inthepartnershipformofbusiness,theownersarecalledstockholders. 6)Thebusinessentityprinciplemeansthatabusinesswillcontinueoperatingforanindefiniteperiodoftime. 7)Asageneralrule,revenuesshouldnotberecognizedintheaccountingrecordsuntilitisreceivedincash. 8)Accruedexpensesattheendofoneaccountingperiodareexpectedtoresultincashpaymentsinafutureperiod. 9)Theideathatabusinesswillcontinuetooperateuntilitcansellitsassetstopayitscreditorsunderliesthegoing-concernassumption. 10)Themonetaryunitassumptionmeansthatallinternationaltransactionsmustbeexpressedindollars. 11)TheInternationalAccountingStandardsBoard(IASB)isthegovernmentgroupthatestablishesreportingrequirementsforcompaniesthatissuestocktothepublic. 12)Expensesdecreaseequityandarethecostsofassetsorservicesusedtoearnrevenues. 13)Acompanymightprovideaserviceorproductoncredit."Oncredit"impliesthatthecashpaymentwilloccuronalaterdate. 14)Eachadjustingentryaffectsonlyoneormoreincomestatementaccountandnevercash. 15)Thelegitimateclaimsofabusiness'screditorstakeprecedenceovertheclaimsofthebusinessowner. 16)Underthecashbasisofaccounting,noadjustmentsaremadeforprepaid,unearned,andaccrueditems. 17)Fromanaccountingperspective,aneventisahappeningthataffectsanentity'saccountingequation,butcannotbemeasured. 18)Theincomestatementisafinancialstatementthatshowsrevenuesearnedandexpensesincurredduringaspecifiedperiodoftime. 19)ChuckTaylorwithdrew$6,000incashfromFastForward.Thisamountshouldbeincludedasanexpenseontheincomestatement. 20)Sourcedocumentsprovideevidenceofbusinesstransactionsandarethebasisforaccountingentries. 21)Itemssuchassalestickets,bankstatements,checks,andpurchaseordersaresourcedocuments. 22)Itisnotnecessarytokeepseparateaccountsforallitemsofimportanceforbusinessdecisions. 23)Closingentriesarenecessarysothatowner'scapitalwillbegineachperiodwithazerobalance. 24)Cashwithdrawnbytheownerofaproprietorshipshouldbetreatedasanexpenseofthebusiness. 25)Whenacompanyprovidesservicesforwhichcashwillnotbereceiveduntilsomefuturedate,thecompanyshouldrecordtheamountreceivedasunearnedrevenuefortheamountchargedtothecustomer. 26)Doubleentryaccountingrequiresthateachtransactionaffect,andberecordedin,atleasttwoaccounts. 27)Assetaccountsnormallyhavecreditbalancesandrevenueaccountsnormallyhavedebitbalances. 28)Atransactionthatdecreasesanassetaccountandincreasesaliabilityaccountmustalsoaffectoneormoreotheraccounts. 29)Adjustingentriesareusedtobringassetorliabilityaccountstotheirproperamountandupdatetherelatedexpenseorrevenueaccount. 30)Whenacompanybillsacustomerfor$600forservicesrendered,thejournalentrytorecordthistransactionwillincludea$600debittoServicesRevenue. 31)Thejournalisknownasthebookoffinalentrybecausefinancialstatementsarepreparedfromit. 32)Theclosingprocesstakesplaceafterfinancialstatementshavebeenprepared. 33)Atrialbalancethatbalancesisnotproofofcompleteaccuracyinrecordingtransactions.34)Closingentriesaredesignedtotransfertheend-of-periodbalancesintherevenueaccounts,theexpenseaccounts,andthewithdrawalsaccounttoowner'scapital. 35)Ifcashwasincorrectlydebitedfor$100insteadofcorrectlycreditedfor$100,thecashaccountisoutofbalanceby$100. 36)Adjustingentriesresultinabettermatchingofrevenuesandexpensesfortheperiod.37)Thematchingprinciplerequiresthatexpensesgetrecordedinthesameaccountingperiodastherevenuesthatareearnedasaresultoftheexpenses,notwhencashispaid. 38)OnOctober15,acompanyreceived$15,000cashasadownpaymentonaconsultingcontract.TheamountwascreditedtoUnearnedConsultingRevenue.ByOctober31,10%oftheservicesrequiredbythecontractwerecompleted.Thecompanywillrecordconsultingrevenueof$1,500fromthiscontractforOctober. 39)Closingrevenueandexpenseaccountsattheendoftheaccountingperiodservestomaketherevenueandexpenseaccountsreadyforuseinthenextperiod. 40)Accruedexpensesreflecttransactionswherecashispaidbeforearelatedexpenseisrecognized. 41)Beforeanadjustingentryismadetorecognizethecostofexpiredinsurancefortheperiod,PrepaidInsuranceandInsuranceExpensearebothoverstated. 42)Acompanypurchased$6,000worthofsuppliesinAugustandrecordedthepurchaseintheSuppliesaccount.OnAugust31,thefiscalyear-end,thesuppliescountequaled$3,200.Theadjustingentrywouldincludea$2,800debittoSupplies. 43)Inpreparingstatementsfromtheadjustedtrialbalance,thebalancesheetmustbepreparedfirst. 44)Acompanyperforms20daysworkona30-daycontractbeforetheendoftheyear.Thetotalcontractisvaluedat$6,000andpaymentisnotdueuntilthecontractisfullycompleted.Theadjustingentryincludesa$4,000credittounearnedrevenue. 45)Anunadjustedtrialbalanceisalistofaccountsandbalancespreparedbeforeadjustmentsarerecordedandposted. 46)Financialstatementscanbeprepareddirectlyfromtheinformationintheadjustedtrialbalance. 47)IncomeSummaryisatemporaryaccountonlyusedfortheclosingprocess. 48)Revenueaccountsshouldbegineachaccountingperiodwithzerobalances. 49)Thelastfourstepsintheaccountingcycleincludepreparingtheadjustedtrialbalance,preparingfinancialstatementsandrecordingclosingandadjustingentries. 50)Whenexpensesexceedrevenues,thereisanetlossandtheIncomeSummaryaccountwouldhaveacreditbalance. 51)Apost-closingtrialbalanceisalistofpermanentaccountsandtheirbalancesfromtheledgerafterallclosingentriesarejournalizedandposted. PARTIIMULTIPLE-CHOICE1.Theprimaryobjectiveoffinancialaccountingis: A. Toservethedecision-makingneedsofinternalusers.B. Toprovidefinancialstatementstohelpexternalusersanalyzeanorganization'sactivities.C. Tomonitorandcontrolcompanyactivities.D. Toprovideinformationonboththecostsandbenefitsoflookingafterproductsandservices.E. Toknowwhat,when,andhowmuchtoproduce.2.Internalusersofaccountinginformationinclude: A. Shareholders.B. Managers.C. Lenders.D. Suppliers.E. Customers.3.Acorporation: A. Isabusinesslegallyseparatefromitsowners.B. IscontrolledbytheFASB.C. Hasshareholderswhohaveunlimitedliabilityfortheactsofthecorporation.D. Isthesameasalimitedliabilitypartnership.E. Allofthese.4.Theaccountingassumptionthatrequireseverybusinesstobeaccountedforseparatelyfromotherbusinessentities,includingitsownerorownersisknownasthe: A. Objectivityprinciple.B. Businessentityassumption.C. Going-concernassumption.D. Revenuerecognitionprinciple.E. Costprinciple.5.Therulethatrequiresfinancialstatementstoreflecttheassumptionthatthebusinesswillcontinueoperatinginsteadofbeingclosedorsold,unlessevidenceshowsthatitwillnotcontinue,isthe: A. Going-concernprinciple.B. Businessentityprinciple.C. Objectivityprinciple.D. CostPrinciple.E. Monetaryunitprinciple.6.Ifaparceloflandthatwasoriginallyacquiredfor$85,000isofferedforsaleat$150,000,isassessedfortaxpurposesat$95,000,isrecognizedbyitspurchasersaseasilybeingworth$140,000,andissoldfor$137,000,thelandshouldberecordedinthepurchaser'sbooksat: A. $95,000.B. $137,000.C. $138,500.D. $140,000.E. $150,000.7.Toincludethepersonalassetsandtransactionsofabusiness'sownerintherecordsandreportsofthebusinesswouldbeinconflictwiththe: A. Objectivityprinciple.B. Realizationprinciple.C. Businessentityprinciple.D. Going-concernprinciple.E. Revenuerecognitionprinciple.8.Thequestionofwhenrevenueshouldberecognizedontheincomestatement(accordingtoGAAP)isaddressedbythe: A. Revenuerecognitionprinciple.B. Going-concernprinciple.C. Objectivityprinciple.D. Businessentityprinciple.E. Costprinciple.9.OnDecember15,2007,MyersLegalServicessigneda$50,000contractwithaclienttoprovidelegalservicestotheclientin2008.WhichaccountingprinciplewouldrequireMyersLegalServicestorecordthelegalfeesrevenuein2008andnot2007? A. MonetaryunitprincipleB. Going-concernprincipleC. CostprincipleD. BusinessentityprincipleE. Revenuerecognitionprinciple10.Apartnership: A. Isalsocalledasoleproprietorship.B. Hasunlimitedliability.C. Hasownerscalledshareholders.D. Hastohaveawrittenagreementinordertobelegal.E. Isalegalorganizationseparatefromitsowners.11.Accordingtogenerallyacceptedaccountingprinciples,acompany'sbalancesheetshouldshowthecompany'sassetsat: A. Thecashequivalentvalueofwhatwasgivenuporreceived.B. Thecurrentmarketvalueoftheassetreceivedinallcases.C. Thecashpaidonly,evenifsomethingotherthancashwasgivenintheexchange.D. Thebestestimateofacertifiedinternalauditor.E. Theobjectivevaluetoexternalusers.12.Revenueisproperlyrecognized: A. Whenthecustomer'sorderisreceived.B. Onlyifthetransactioncreatesanaccountreceivable.C. Attheendoftheaccountingperiod.D. Whencashfromasaleisreceived.E. Uponcompletionofthesaleorwhenserviceshavebeenperformedandthebusinessobtainstherighttocollectthesalesprice.13.Ifaparceloflandthatwasoriginallypurchasedfor$85,000isofferedforsaleat$150,000,isassessedfortaxpurposesat$95,000,isrecognizedbyitspurchasersaseasilybeingworth$140,000,andissoldfor$137,000.Whatistheeffectofthesaleontheaccountingequationfortheseller? A. Assetsincrease$52,000;owner'sequityincreases$52,000B. Assetsincrease$85,000;owner'sequityincreases$85,000C. Assetsincrease$137,000;owner'sequityincreases$137,000D. Assetsincrease$140,000;owner'sequityincreases$140,000E. Noneofthese14.Ifaparceloflandthatwasoriginallypurchasedfor$85,000isofferedforsaleat$150,000,isassessedfortaxpurposesat$95,000,isrecognizedbyitspurchasersaseasilybeingworth$140,000,andissoldfor$137,000.Atthetimeofthesale,assumethatthesellerstillowed$30,000toTrustOneBankonthelandthatwaspurchasedfor$85,000.Immediatelyafterthesale,thesellerpaidofftheloantoTrustOneBank.Whatistheeffectofthesaleandthepayoffoftheloanontheaccountingequation? A. Assetsincrease$52,000;owner'sequityincreases$22,000;liabilitiesdecrease$30,000B. Assetsincrease$52,000;owner'sequityincreases$30,000;liabilitiesdecrease$30,000C. Assetsincrease$22,000;owner'sequityincreases$52,000;liabilitiesdecrease$30,000D. Assetsdecrease$30,000;owner'sequitydecreases$30,000;liabilitiesdecrease$30,000E. Assetsdecrease$55,000;owner'sequitydecreases$55,000;liabilitiesdecrease$30,00015.Thedifferencebetweenacompany'sassetsanditsliabilities,ornetassetsis: A. Netincome.B. Expense.C. Equity.D. Revenue.E. Netloss.16.Whichofthefollowingstatementsistrueaboutassets? A. Theyareeconomicresourcesownedorcontrolledbythebusiness.B. Theyareexpectedtoprovidefuturebenefitstothebusiness.C. Theyappearonthebalancesheet.D. Claimsonthemcanbesharedbetweencreditorsandowners.E. Allofthese. 17.OnJune30ofthecurrentyear,theassetsandliabilitiesofPhoenixPhildellareasfollows:Cash$20,500;AccountsReceivable,$7,250;Supplies,$650;Equipment,$12,000;AccountsPayable,$9,300.Whatistheamountofowner'sequityasofJuly1ofthecurrentyear? A. $8,300B. $13,050C. $20,500D. $31,100E. $40,40018.PhotometerCompanypaidoff$30,000ofitsaccountspayableincash.Whatwouldbetheeffectsofthistransactionontheaccountingequation? A. Assets,$30,000increase;liabilities,noeffect;equity,$30,000increase.B. Assets,$30,000decrease;liabilities,$30,000decrease;equity,noeffect.C. Assets,$30,000decrease;liabilities,$30,000increase;equity,noeffect.D. Assets,noeffect;liabilities,$30,000decrease;equity,$30,000increase.E. Assets,$30,000decrease;liabilities,noeffect;equity$30,000decrease.19.HowwouldtheaccountingequationofBostonCompanybeaffectedbythebillingofaclientfor$10,000ofconsultingworkcompleted? A. +$10,000accountsreceivable,-$10,000accountspayable.B. +$10,000accountsreceivable,+$10,000accountspayable.C. +$10,000accountsreceivable,+$10,000cash.D. +$10,000accountsreceivable,+$10,000revenue.E. +$10,000accountsreceivable,-$10,000revenue.20.Sourcedocumentsincludeallofthefollowingexcept: A. Salestickets.B. Ledgers.C. Checks.D. Purchaseorders.E. Bankstatements.21.Whichofthefollowingstatementsiscorrect? A. Whenafutureexpenseispaidinadvance,thepaymentisnormallyrecordedinaliabilityaccountcalledPrepaidExpense.B. Promisesoffuturepaymentarecalledaccountsreceivable.C. Increasesanddecreasesincasharealwaysrecordedintheowner'scapitalaccount.D. AnaccountcalledLandiscommonlyusedtorecordincreasesanddecreasesinboththelandandbuildingsownedbyabusiness.E. Accruedliabilitiesincludeaccountsreceivable.22.Awrittenpromisetopayadefinitesumofmoneyonaspecifiedfuturedateisa(n): A. Unearnedrevenue.B. Prepaidexpense.C. Creditaccount.D. Notepayable.E. Accountreceivable.23.Acollectionofallaccountsandtheirbalancesusedbyabusinessiscalleda: A. Journal.B. Bookoforiginalentry.C. GeneralJournal.D. Balancecolumnjournal.E. Ledger.24.Alistofallaccountsandtheidentificationnumberassignedtoeachaccountusedbyacompanyiscalleda: A. Sourcedocument.B. Journal.C. Trialbalance.D. Chartofaccounts.E. GeneralJournal.25.Whichofthefollowingstatementsisincorrect? A. Thenormalbalanceofaccountsreceivableisadebit.B. Thenormalbalanceofowner'swithdrawalsisadebit.C. Thenormalbalanceofunearnedrevenuesisacredit.D. Thenormalbalanceofanexpenseaccountisacredit.E. Thenormalbalanceoftheowner'scapitalaccountisacredit.26.Asimpleaccountformwidelyusedinaccountingasatooltounderstandhowdebitsandcreditsaffectanaccountbalanceiscalleda: A. Withdrawalsaccount.B. Capitalaccount.C. Drawingaccount.D. T-account.E. Balancecolumnsheet.27.Double-entryaccountingisanaccountingsystem: A. Thatrecordseachtransactiontwice.B. Thatrecordstheeffectsoftransactionsandothereventsinatleasttwoaccountswithequaldebitsandcredits.C. Inwhicheachtransactionaffectsandisrecordedintwoormoreaccountsbutthatcouldincludetwodebitsandnocredits.D. ThatmayonlybeusedifT-accountsareused.E. Thatinsuresthaterrorsneveroccur.28.ManagementServices,Inc.providesservicestoclients.OnMay1,aclientprepaidManagementServices$60,000for6-monthsservicesinadvance.ManagementServices'generaljournalentrytorecordthistransactionwillincludea A. DebittoUnearnedManagementFeesfor$60,000.B. CredittoManagementFeesEarnedfor$60,000.C. CredittoCashfor$60,000.D. CredittoUnearnedManagementFeesfor$60,000.E. DebittoManagementFeesEarnedfor$60,000.29.OnSeptember30,theCashaccountofValueCompanyhadanormalbalanceof$5,000.DuringSeptember,theaccountwasdebitedforatotalof$12,200andcreditedforatotalof$11,500.WhatwasthebalanceintheCashaccountatthebeginningofSeptember? A. A$0balance.B. A$4,300debitbalance.C. A$4,300creditbalance.D. A$5,700debitbalance.E. A$5,700creditbalance.30.OnApril30,HoldenCompanyhadanAccountsReceivablebalanceof$18,000.DuringthemonthofMay,totalcreditstoAccountsReceivablewere$52,000fromcustomerpayments.TheMay31AccountsReceivablebalancewas$13,000.WhatwastheamountofcreditsalesduringMay? A. $5,000.B. $47,000.C. $52,000.D. $57,000.E. $32,000.31.ThefollowingtransactionsoccurredduringJuly:1.Received$900cashforservicesprovidedtoacustomerduringJuly.2.Received$2,200cashinvestmentfromBarbaraHanson,theownerofthebusiness.3.Received$750fromacustomerinpartialpaymentofhisaccountreceivablewhicharosefromsalesinJune.4.Providedservicestoacustomeroncredit,$375.5.Borrowed$6,000fromthebankbysigningapromissorynote.6.Received$1,250cashfromacustomerforservicestoberenderednextyear.WhatwastheamountofrevenueforJuly? A. $900.B. $1,275.C. $2,525.D. $3,275.E. $11,100.32.DuringthemonthofMarch,CooleyComputerServicesmadepurchasesonaccounttotaling$43,500.AlsoduringthemonthofMarch,Cooleywaspaid$8,000byacustomerforservicestobeprovidedinthefutureandpaid$36,900ofcashonitsaccountspayablebalance.IfthebalanceintheaccountspayableaccountatthebeginningofMarchwas$77,300,whatisthebalanceinaccountspayableattheendofMarch? A. $83,900.B. $91,900.C. $6,600.D. $75,900.E. $4,900.33.OnJanuary1ofthecurrentyear,Bob'sLawnCareServicereportedowner'scapitaltotaling$122,500.Duringthecurrentyear,totalrevenueswere$96,000whiletotalexpenseswere$85,500.Also,duringthecurrentyearBobwithdrew$20,000fromthecompany.Nootherchangesinequityoccurredduringtheyear.If,onDecember31ofthecurrentyear,totalassetsare$196,000,thechangeinowner'scapitalduringtheyearwas: A. Adecreaseof$9,500.B. Anincreaseof$9,500.C. Anincreaseof$30,500.D. Adecreaseof$30,500E. Impossibletodeterminefromtheinformationprovided.34.Abalancecolumnledgeraccountis: A. Anaccountenteredonthebalancesheet.B. Anaccountwithdebitandcreditcolumnsforpostingentriesandanothercolumnforshowingthebalanceoftheaccountaftereachentryisposted.C. Anothernameforthewithdrawalsaccount.D. Anaccountusedtorecordthetransfersofassetsfromabusinesstoitsowner.E. Asimpleformofaccountthatiswidelyusedinaccountingtoillustratethedebitsandcreditsrequiredinrecordingatransaction.35.Ageneraljournalis: A. Aledgerinwhichamountsarepostedfromabalancecolumnaccount.B. NotrequiredifT-accountsareused.C. Acompleterecordofanytransactionandtheplacefromwhichtransactionamountsarepostedtotheledgeraccounts.D. Notnecessaryinelectronicaccountingsystems.E. Abookoffinalentrybecausefinancialstatementsarepreparedfromit.36.Whichofthefollowingstatementsistrue? A. Ifthetrialbalanceisinbalance,itprovesthatnoerrorshavebeenmadeinrecordingandpostingtransactions.B. Thetrialbalanceisabookoforiginalentry.C. Anothernameforthetrialbalanceisthechartofaccounts.D. Thetrialbalanceisalistofallaccountsfromtheledgerwiththeirbalancesatapointintime.E. Thetrialbalanceisanothernameforthebalancesheetaslongasdebitsbalancewithcredits.37.Atrialbalancetakenatyear-endshowedtotalcreditsexceedtotaldebitsby$4,950.Thisdiscrepancycouldhavebeencausedby: A. Anerrorinthegeneraljournalwherea$4,950increaseinAccountsReceivablewasrecordedasanincreaseinCash.B. Anetincomeof$4,950.C. Thebalanceof$49,500inAccountsPayablebeingenteredinthetrialbalanceas$4,950.D. Thebalanceof$5,500intheOfficeEquipmentaccountbeingenteredonthetrialbalanceasadebitof$550.E. Anerrorinthegeneraljournalwherea$4,950increaseinAccountsPayablewasrecordedasadecreaseinAccountsPayable.38.Inwhichofthefollowingsituationswouldthetrialbalancenotbalance? A. A$1,000collectionofanaccountreceivablewaserroneouslypostedasadebittoAccountsReceivableandacredittoCash.B. Thepurchaseofofficesuppliesonaccountfor$3,250waserroneouslyrecordedinthejournalas$2,350debittoOfficeSuppliesandcredittoAccountsPayable.C. A$50cashreceiptfortheperformanceofaservicewasnotrecordedatall.D. Thepurchaseofofficeequipmentfor$1,200waspostedasadebittoOfficeSuppliesandacredittoCashfor$1,200.E. Thecashpaymentofa$750accountpayablewaspostedasadebittoAccountsPayableandadebittoCashfor$750.39.Interimfinancialstatementsrefertofinancialreports: A. Thatcoverlessthanoneyear,usuallyspanningone,three,orsix-monthperiods.B. Thatarepreparedbeforeanyadjustmentshavebeenrecorded.C. Thatshowtheassetsabovetheliabilitiesandtheliabilitiesabovetheequity.D. Whererevenuesarereportedontheincomestatementwhencashisreceivedandexpensesarereportedwhencashispaid.E. Wheretheadjustmentprocessisusedtoassignrevenuestotheperiodsinwhichtheyareearnedandtomatchexpenseswithrevenues.40.Thelengthoftimecoveredbyasetofperiodicfinancialstatementsisreferredtoasthe: A. Fiscalcycle.B. Naturalbusinessyear.C. Accountingperiod.D. Businesscycle.E. Operatingcycle.41.Adjustingentries: A. Affectonlyincomestatementaccounts.B. Affectonlybalancesheetaccounts.C. Affectbothincomestatementandbalancesheetaccounts.D. Affectonlycashflowstatementaccounts.E. Affectonlyequityaccounts.42.Themainpurposeofadjustingentriesisto: A. Recordexternaltransactionsandevents.B. Recordinternaltransactionsandevents.C. Recognizeassetspurchasedduringtheperiod.D. Recognizedebtspaidduringtheperiod.E. Correcterrors.43.Whichofthefollowingstatementsisincorrect? A. Adjustmentstoprepaidexpenses,depreciation,andunearnedrevenuesinvolvepreviouslyrecordedassetsandliabilities.B. Accruedexpensesandaccruedrevenuesinvolveassetsandliabilitiesthathadnotpreviouslybeenrecorded.C. Adjustingentriescanbeusedtorecordbothaccruedexpensesandaccruedrevenues.D. Prepaidexpenses,depreciation,andunearnedrevenuesoftenrequireadjustingentriestorecordtheeffectsofthepassageoftime.E. Adjustingentriesaffectthecashaccount.44.Anadjustingentrycouldbemadeforeachofthefollowingexcept: A. Prepaidexpenses.B. Depreciation.C. Ownerwithdrawals.D. Unearnedrevenues.E. Accruedrevenues.45.Acompanymadenoadjustingentryforacc