会计英语选择题

1、w h i c h i s t h e f o l l o w i n g s t a t e m e n t s i s f a l s e?

①A. the partnership form of business organization protects the personal assents of the owners form creditor of the business

②A. Increases in assets and Increases in revenues are recorded with

a debit

③ ledger is a chronological listing of all transactions

④

2、The primary objective of financial reporting is...

C. To provide information useful for investment and lending decisions

3、 The principle or concept that holds an entity will remain in operation for the foreeable future is the ...

A. Goning-concern concept

4、which is the following statements is true ?

B. Assets are economic resources that are expect to benefit future periods

5、Aftin services on account . When Aftin collects the account receivable ...

B. Assets do not change

6、which is the following transaction would not affect owner's equity?

A. Payment of an account payable

7、An income statement reports...

D. The difference between revenues and expense during the period

8、If assents increase $80000 during the period and owners’ equity decreases $16000during the period , liabilities must have ...

B . increased $96000

9、if net income was $1500 and there no withdrawals, how much did the owner in vest?

A . $4500

10、The amount of net income shown on the income statement also appears on...

C. Statement of owners’ equity

11、which of these is an example of an asset account?

C. Supplies

12、Traylor company paid $2850 on account. The effect of this transaction accounting equation is to..

assets and decrease liabilities

13、note payable has a normal beginning balance of $30000. During the period,new borrowing total $63000 and the balance in note payable is $41000. Determine the on loans during the period...

B.$5200

14、which of these accounts has a normal debit balance?

A and

B have a normal debit balance

15、The journal entry to record the collection of $890 form a customer on account is..

B. cash 890

Accounts receivable 890

18、the ending cash account balance is $57600. During the period,cash receipts equal$ the cash payments during the period total $135100,then the beginning cash amount must have ...

A. $68400【+57600】

19、Use the following selected information for the Alecia Company the correct cresit column total for a trial balance..

C.$265000

20、which of these statements is correct?

D. Both B and C are correct

21、When should revenue be recorded under the accrual-basis and cash-basis of...

D. accrual-basis(when the service is performed) cash-basis (when received)

22、During 20*4,Bustamante Co,incurred salary expense of $240000,beginning and ending salary Payable was $4000 and $8000, 20*4,bustamante paid salaries of ..

C. $236000

20、During 20*4,Bustamante received $600000 for service has not received $30000 for services already performed in 20* also invested $20000 into the should report service revenue for 20*4 of ...

D. $630000

21、Recording an expense when it is paid instead of when incurred is

a violation of ..

A. The matching principle

22、On july31,$3600 is paid for a one-year insurance policy. On December31, the adjusting entry for prepaid insurance would include....

C. a debit to Insurance Expense,$1500

23、Failure to record an adjusting entry for an accrued expense,will result in the following ...

B. Liabilities-understate,net income-overstate

24、An adjusting entry could contain all of the following except...

B. a credit of cash

25、which is the following statements best describes the purpose of internal control?

A. To provide assurance that the entire business operates in accordance with management’a plans and policies

26、Note and interest collected by the bank for the company,$500 (plus$25 interest ..)

A. Add to the book balance

27、Deposit in transit,$400...

B. Add to the book balance

28、Check for which should have been written for $730 was incorrectly