调整分录和报表习题精选无答案

1、11.Acompany'sfiscalyearmustcorrespondwiththecalendaryear.2.Thetimeperiodprincipleassumesthatanorganization'sactivitiescanbedividedintospecifictimeperiods.3.Interimstatementsreportacompany'sbusinessactivitiesfora1-yearperiod.4.Afiscalyearreferstoanorganization'saccountingperiodthatspanstwelveconsecutivemonthsor52weeks.5.Adjustingentriesaremadeafterthepreparationoffinancialstatements.6.Adjustingentriesresultinabettermatchingofrevenuesandexpensesfortheperiod.7.Twomainaccountingprinciplesusedinaccr。

2、ualaccountingarematchingandfullclosure.8.Adjustingentriesareusedtobringassetorliabilityaccountstotheirproperamountandupdatetherelatedexpenseorrevenueaccount.9.Thematchingprinciplerequiresthatrevenuenotbeassignedtotheaccountingperiodinwhichitisearned.10.Therevenuerecognitionprincipleisthebasisformakingadjustingentriesthatpertaintounearnedandaccruedrevenues.11.Thecashbasisofaccountingcommonlyresultsinfinancialstatementsthatarenotcomparablefromperiodtoperiod.12.Underthecashbasisofaccounting,noadjus。

3、tmentsaremadeforprepaid,unearned,andaccrueditems.13.Sincetherevenuerecognitionprinciplerequiresthatrevenuesbeearned,therearenounearnedrevenuesinaccrualaccounting.14.Thematchingprinciplerequiresthatexpensesgetrecordedinthesameaccountingperiodastherevenuesthatareearnedasaresultoftheexpenses,notwhencashispaid.15.Thecashbasisofaccountingisanaccountingsysteminwhichrevenuesarereportedwhencashisreceivedandexpensesarereportedwhencashispaid.216.Thecashbasisofaccountingrecognizesrevenueswhencashpaymentsfr。

4、omcustomersarereceived.17.Theaccrualbasisofaccountingrecognizesrevenueswhencashisreceivedfromcustomers.18.Theaccrualbasisofaccountingrecognizedexpenseswhencashispaid.19.Recordingrevenuesearlyoverstatescurrent-periodincome;recordingrevenueslateunderstatescurrentperiodincome.20.Recordingexpensesearlyoverstatescurrent-periodincome;recordingexpenseslateunderstatescurrentperiodincome.MultipleChoiceQuestions69.Thetimeperiodprincipleassumesthatanorganization'sactivitiescanbedividedintospecifictimeperio。

5、dsincluding:A.Months.B.Quarters.C.Fiscalyears.D.Calendaryears.E.Allofthese.70.Abroadprinciplethatrequiresidentifyingtheactivitiesofabusinesswithspecifictimeperiodssuchasmonths,quarters,oryearsisthe:A.Operatingcycleofabusiness.B.Timeperiodprinciple.C.Going-concernprinciple.D.Matchingprinciple.E.Accrualbasisofaccounting.71.Interimfinancialstatementsrefertofinancialreports:A.Thatcoverlessthanoneyear,usuallyspanningone,three,orsix-monthperiods.B.Thatarepreparedbeforeanyadjustmentshavebeenrecorded.C.。

6、Thatshowtheassetsabovetheliabilitiesandtheliabilitiesabovetheequity.D.Whererevenuesarereportedontheincomestatementwhencashisreceivedandexpensesarereportedwhencashispaid.E.Wheretheadjustmentprocessisusedtoassignrevenuestotheperiodsinwhichtheyareearnedandtomatchexpenseswithrevenues.372.The12-monthperiodthatendswhenacompany'sactivitiesareattheirlowestpointiscalledthe:A.Fiscalyear.B.Calendaryear.C.Naturalbusinessyear.D.Accountingperiod.E.Interimperiod.73.Thelengthoftimecoveredbyasetofperiodicfinanci。

7、alstatementsisreferredtoasthe:A.Fiscalcycle.B.Naturalbusinessyear.C.Accountingperiod.D.Businesscycle.E.Operatingcycle.474.Theaccountingprinciplethatrequiresrevenuetobereportedwhenearnedisthe:A.Matchingprinciple.B.Revenuerecognitionprinciple.C.Timeperiodprinciple.D.Accrualreportingprinciple.E.Going-concernprinciple.75.Adjustingentries:A.Affectonlyincomestatementaccounts.B.Affectonlybalancesheetaccounts.C.Affectbothincomestatementandbalancesheetaccounts.D.Affectonlycashflowstatementaccounts.E.Affe。

8、ctonlyequityaccounts.76.Themainpurposeofadjustingentriesisto:A.Recordexternaltransactionsandevents.B.Recordinternaltransactionsandevents.C.Recognizeassetspurchasedduringtheperiod.D.Recognizedebtspaidduringtheperiod.E.Correcterrors.77.Thebroadprinciplethatrequiresexpensestobereportedinthesameperiodastherevenuesthatwereearnedasaresultoftheexpensesisthe:A.Recognitionprinciple.B.Costprinciple.C.Cashbasisofaccounting.D.Matchingprinciple.E.Timeperiodprinciple.78.Thesystemofpreparingfinancialstatements。

9、basedonrecognizingrevenueswhenthecashisreceivedandreportingexpenseswhenthecashispaidiscalled:A.Accrualbasisaccounting.B.Operatingcycleaccounting.C.Cashbasisaccounting.D.Revenuerecognitionaccounting.E.Currentbasisaccounting.579.Adjustingentriesarejournalentriesmadeattheendofanaccountingperiodforthepurposeof:A.Updatingliabilityandassetaccountstotheirproperbalances.B.Assigningrevenuestotheperiodsinwhichtheyareearned.C.Assigningexpensestotheperiodsinwhichtheyareincurred.D.Assuringthatfinancialstatem。

10、entsreflecttherevenuesearnedandtheexpensesincurred.E.Allofthese.80.Theapproachtopreparingfinancialstatementsbasedonrecognizingrevenueswhentheyareearnedandmatchingexpensestothoserevenuesis:A.Cashbasisaccounting.B.Thematchingprinciple.C.Thetimeperiodprinciple.D.Accrualbasisaccounting.E.Revenuebasisaccounting.81.Prepaidexpenses,depreciation,accruedexpenses,unearnedrevenues,andaccruedrevenuesareallexamplesof:A.Itemsthatrequirecontraaccounts.B.Itemsthatrequireadjustingentries.C.Assetandequity.D.Asseta。