会计英语期末总复习

会计英语单元题第一章Answerofthesequestionsappearsattheendoflessoncases.Whichofthefollowingstatementsisfalse?____A____.ThepartnershipformofbusinessorganizationprotectsthepersonalassetsoftheownersfromcreditorsofthebusinessAproprietorshiphasasingleownerAccountingistheinformationsystemthatmeasuresbusinessactivities,processesthatinformationintoreports,andcommunicatestheresultstodecisionmakersTheFASBdetermineshowaccountingispracticedintheUnitedStatesTheprimaryobjectiveoffinancialreportingis_______C_.topresentinformationinanethicalmannertoprovideinformationtothefederalgovernmenttoprovideinformationusefulforinvestmentandlendingdecisionstoprovideinformationusefultomanagersinmakingdailydecisionsTheprincipleorconceptthatholdsthatanentitywillremaininoperationfortheforeseeablefutureisthe_____A____.going-concernconceptstable-monetary-unitconceptreliabilityprinciplecostprincipleWhichofthefollowingstatementsistrue?___B_____.RevenuesareassetsbecausetheyrepresenteconomicbenefitsAssetsareeconomicresourcesthatareexpectedtobenefitfutureperiodsTheaccountingequationcanbestatedasAssets+Liabilities=Owner’sEquityLiabilitiesareeconomicobligationstoinsidersAftinCo.performedservicesonaccount.WhenAftincollectstheaccountreceivable,____B____.assetsincreaseassetsdonotchangeowner’sequitydecreasesliabilitiesdecreaseWhichofthefollowingtransactionswouldnotaffectower’sequity?___A_____.PaymentofanaccountpayablePaymentofsalaryexpenseServiceprovidedonaccountWithdrawalofcashbyownerAnincomestatementreports___D______.Theassets,liabilities,andowner’sequityonapatticulardatethechangeintheowner’scapitalduringtheperiodthecashreceiptsandcashpaymentsduringtheperiodthedifferencebetweenrevenuesandexpensesduringtheperiod8.Ifassetsincrease$80000duringtheperiodandowner’sequitydecreases$16000duringtheperiod,liabilitiesmusthave___B______.A.increased$64000B.increased$96000C.decreased$64000\D.decreased$960009.Thefollowinginformationabouttheassetsandliabilitiesattheendof20*1and20*2isgivenbelow:20*120*2Assets$75000$90000Liabilities3600045000Ifnetincomewas$15000andtherewerenowithdrawals,howmuchdidtheownerinvest____A___.$4500$6000$45000$4350010.Theamountofnetincomeshownontheincomestatementalsoappearsonthe______C__.A.statementoffinancialpositionB.balancesheetC.statementofowner’sequityD.statementofcashflows第二章Whichoftheseis(are)anexampleofanassetaccount?___C___ServiceRevenueWithdrawalsSuppliesAlloftheaboveTraylorCompanypaid$2850onaccount.Theeffectofthistransactionontheaccountingequationisto__D___.Decreaseassetsanddecreaseowner’sequityIncreaseliabilitiesanddecreaseowner’sequityHavenoeffectontotalassetsDecreaseassetsanddecreaseliabilitiesWhichofthesestatementsisfalse?__A____.IncreaseinassetsandincreaseinrevenuesarerecordedwithadebitIncreaseinliabilitiesandincreasesinowner’sequityarerecordedwithacreditIncreaseinbothassetsandwithdrawalsarerecordedwithadebitDecreasesinliabilitiesandincreasesinexpensesarerecordedwithadebitNotPayablehasanormalbeginningbalanceof$30000.Duringtheperiod,newborrowingstotal$63000andtheendingbalanceinNotesPayableis$41000.Determinethepaymentsonloansduringtheperiod.__B___.$74000$52000$134000CannotbedeterminedfromtheinformationgivenWhichofthesestatementsisnotcorrect?__C___.TheaccountisabasicsummarydeviceusedinaccountingAbusinesstransactionisrecordedfirstinthejournalandthenpostedtodeledgerTheledgerisachronologicallistingofalltransactionsThedebitentryisrecordedfirstinajournalentry,thenthecreditentryWhichoftheseaccountshasanormaldebitbalance?___D___.RentExpenseWithdrawalsServiceRevenueBothAandBhaveanormaldebitbalanceThejournalentrytorecordthecollectionof$890fromacustomeronaccountis___B___.A.AccountsPayable890Cash890B.Cash890AccountReceivable890C.Cash890AccountsPayable890D.Cash890ServiceRevenue890TheendingCashaccountbalanceis$57600.Duringtheperiod,cashreceiptsequal$124300.Ifthecashpaymentsduringtheperiodtotal$135100,thenthebeginningCashamountmusthave__A____.$68400$46800$181900CannotbedeterminedfromtheinformationgivenUsethefollowingselectedinformationfortheAleciaCompanytocalculatethecorrectcreditcolumntotalforatrialbalance___C___.Accountsreceivable$7200Accountspayable6900Building179400Cash15800Capital64000Insuranceexpense6500Salaryexpense56100Salarypayable3600Servicerevenue190500$201000$137100$265000$74500Whichofthefollowingstatementsiscorrect?____D___.ThechartofaccountsisalistofallaccountswiththeirbalancesThetrialbalanceisalistofallaccountswiththeirbalances,dividedasdebitorcreditTheledgerismaintainedinchart-of-accountsorderBothBandCarecorrect第三章Whenshouldrevenueberecordedundertheaccrual-basisandcash-basisofaccounting?____D___Accrual-BasisCash-BasisA.WhenreceivedWhentheserviceisperformedB.WhentheserviceisperformedWhenthecustomerisbilledC.WhenthecustomerisbilledWhenreceivedD.WhentheserviceisperformedWhenreceivedDuring20*4,BustamanteCo.incurredsalaryexpenseof$240,000.BeginingandendingSalaryPayablewas$4,000and$8,000,respectively.In20*4,Bustamantepaidsalariesof____C___A.$248,000B.$240,000C.$236,000D.$244,000During20*4,Bustamantereceived$600,000forservicerevenue.Bustamanteha