会计英语选择题

1、whichisthefollowingstatementsisfalse?①A.thepartnershipformofbusinessorganizationprotectsthepersonalassentsoftheownersformcreditorofthebusiness②A.IncreasesinassetsandIncreasesinrevenuesarerecordedwithadebit③C.theledgerisachronologicallistingofalltransactions④2、Theprimaryobjectiveoffinancialreportingis...C.Toprovideinformationusefulforinvestmentandlendingdecisions3、Theprincipleorconceptthatholdsanentitywillremaininoperationfortheforeeablefutureisthe...A.Goning-concernconcept4、whichisthefollowingstatementsistrue?B.Assetsareeconomicresourcesthatareexpecttobenefitfutureperiods5、AftinCo.performedservicesonaccount.WhenAftincollectstheaccountreceivable...B.Assetsdonotchange6、whichisthefollowingtransactionwouldnotaffectowner'sequity?A.Paymentofanaccountpayable7、Anincomestatementreports...D.Thedifferencebetweenrevenuesandexpenseduringtheperiod8、Ifassentsincrease$80000duringtheperiodandowners’equitydecreases$16000duringtheperiod,liabilitiesmusthave...B.increased$960009、ifnetincomewas$1500andtherenowithdrawals,howmuchdidtheownerinvest?A.$450010、Theamountofnetincomeshownontheincomestatementalsoappearson...C.Statementofowners’equity11、whichoftheseisanexampleofanassetaccount?C.Supplies12、Traylorcompanypaid$2850onaccount.Theeffectofthistransactionaccountingequationisto..D.decreaseassetsanddecreaseliabilities13、notepayablehasanormalbeginningbalanceof$30000.Duringtheperiod,newborrowingtotal$63000andthebalanceinnotepayableis$41000.Determinetheonloansduringtheperiod...B.$520014、whichoftheseaccountshasanormaldebitbalance?D.bothAandBhaveanormaldebitbalance15、Thejournalentrytorecordthecollectionof$890formacustomeronaccountis..B.cash890Accountsreceivable89018、theendingcashaccountbalanceis$57600.Duringtheperiod,cashreceiptsequal$124300.ifthecashpaymentsduringtheperiodtotal$135100,thenthebeginningcashamountmusthave...A.$68400【135100-124300+57600】19、UsethefollowingselectedinformationfortheAleciaCompanythecorrectcresitcolumntotalforatrialbalance..C.$26500020、whichofthesestatementsiscorrect?D.BothBandCarecorrect21、Whenshouldrevenueberecordedundertheaccrual-basisandcash-basisof...D.accrual-basis(whentheserviceisperformed)cash-basis(whenreceived)22、During20*4,BustamanteCo,incurredsalaryexpenseof$240000,beginningandendingsalaryPayablewas$4000and$8000,respectively.in20*4,bustamantepaidsalariesof..C.$23600020、During20*4,Bustamantereceived$600000forservicerevenue.Bustamantehasnotreceived$30000forservicesalreadyperformedin20*4.Bustamantealsoinvested$20000intothebusiness.Bustamanteshouldreportservicerevenuefor20*4of...D.$63000021、Recordinganexpensewhenitispaidinsteadofwhenincurredisaviolationof..A.Thematchingprinciple22、Onjuly31,$3600ispaidforaone-yearinsurancepolicy.OnDecember31,theadjustingentryforprepaidinsurancewouldinclude....C.adebittoInsuranceExpense,$150023、Failuretorecordanadjustingentryforanaccruedexpense,willresultinthefollowing...B.Liabilities-understate,netincome-overstate24、Anadjustingentrycouldcontainallofthefollowingexcept...B.acreditofcash25、whichisthefollowingstatementsbestdescribesthepurposeofinternalcontrol?A.Toprovideassurancethattheentirebusinessoperatesinaccordancewithmanagement’aplansandpolicies26、Noteandinterestcollectedbythebankforthecompany,$500(plus$25interest..)A.Addtothebookbalance27、Depositintransit,$400...B.Addtothebookbalance28、CheckNO.662forwhichshouldhavebeenwrittenfor$730wasincorrectlyreceiablebythebankas$370...C.deductfromthebookbalance29、IfabankreconciliationincludesanNSFcheckfor$45,thejournalentrytothisreconcilingitemwouldinclude...A.Credittocash30、Allofthefollowingarecontrolsovercashreceivedinastoreexcept...A.Theclerkshouldhaveaccesstothecashregistertapetomakecorrectionswhen...31、whichisthefollowingstatementsrelatedtoreceivable..?C.Whenanotesreceivableisnotpaidatmaturity,theprincipalplusanyintoshouldbechargedbacktothecustomer’saccountsreceivable.32、RefertoExhibit4-1.Computedays’salesinreceivable(365/netsalecountsreceivable).D.37days33、Theweightedaveragefortheyearinventorycostflowmethodisapplicabletothefollowinginventorysystem?B.Periodic-Yes,perpetual-No.34、TheLIFOinventorycostflowmethodmaybeappliedtowhichofthefollowinginventorysystems?C.Periodic-Yes,perpetual-Yes.35、Thecompanyuseaperiodicinventorysystemandtheendinginventoryconsistsof60pnits,20fromeachofthelastthreepurchases.Determinetheendinginventoryassumingcostsareassignedonaweighted-averagebasis...D.$1022.36、AcompanyuseainventorysystemandmadeanerrorattheendofyearcauseditsyearIendinginventorytobeunderstatedby$5000.Whateffectdoesthishaveonthecompany’sfinancialstatements?A.Netincomeisunderstated;assetsareunderstated.37、TheestimateofthecostoftheinventoryonJune30wouldbe..C.$8950038、WhichofthefollowingfactorswouldnotbeconsideredintheselectingofLIFOasventorycostingmethod...?C.Physicalflow39、Whichofthefollowingmethodsofinventoryvaluationisallowableatinterimdatenotatyear-end?B.Estimatedgrossprofitrates40、AphysicalinventorytakenonDecember31,20*2,resultedinanendinginventory$575000.Dart’sgrossprofitonsaleshasremainedconstantat25%inrecentyearsuspectssomeinventor