会计英文选择题16会计英文第二版复旦大学出版社的课后选择题

PAGE6第一章1.Whatisthetermusedtodescribethedifferencebetweenacompany’sassetsanditsliabilities,alsoreferredtoastheresidualinterestintheassetsofanentitythatremainsafterdeductingitsliabilities?(C)a.Netincome.b.Shares.C.Owner’sEquity.D.Revenue.2.Whichfinancialstatementshowswhetherthebusinessearnedaprofitandalsoliststhetypesandamountsoftherevenuesandexpenses?(D)A.Balancesheet.B.Statementofowner’sequity.C.Cashflowstatement.D.Incomestatement.3.Whichofthefollowingisanothertermforownet’sequity?(C)a.Netincome.b.Expenses.C.Netassets.d.Revenues.4.Whichofthefollowingistrueoftheaccountingentityprinciple?(C)a.Requiresthatsoleproprietorshaveunlimitedliability.b.Requiresthatpartnershipincomebetaxedatthepartnershiplevel.c.Meansthatbusinessrecordsshouldbekeptseparatelyfromtheowner’sfinancialrecords.d.Requiresthatpartnershipshavewrittenagreements.5.Whichistheaccountingguidelinethatrequiresfinancialstatementinformationtobesupportedbyevidenceotherthansomeone’simaginationoropinion?(D)a.Accountingentityprinciple.B.Monetaryunitprinciple.C.Going-concernprinciple.D.Objectivityprinciple.6.Ifabusinessisnotbeingsoldorclosed,theamountsreportedintheaccountsforassetsusedinoperationsarebasedoncosts.Thispracticeisjustifiedbywhichprinciple?(A)a.Costprinciple.B.Accountingentityprinciple.C.Objectivityprinciple.D.Monetaryunitprinciple.7.Iftheliabilitiesofabusinessincreased$12000duringaperiodoftimeandowner’sequityinthebusinessdecreased$2000duringthesameperiod,theassetsofthebusinessmusthaveincreasedordecreasedbyhowmuch?(C)a.Decreased$10000.b.Decresed$14000.c.Increased$10000.d.Increased$14000.8.Apurchaseofofficeequipmentforcashof$130wasrecordedasanadditiontoOfficequipmentandanadditiontoLiabilities.Bywhatamountsaretheaccountsunder-oroverstatedasaresultofthiserror?(“Understated”meanstoolow,and“overstated”meanstoohigh.)(D)a.Assets,understated$130;Liabilities,overstated$130.b.Officeequipment,understated$260;Liabilities,overstated$130.c.Officeequipment,overstated$130;Liabilities,overstated$130.d.Assets,overstated$130;Liabilities,overstated$130.9.Whatistheareaofaccountingthatpreparesinformationprimarilyforexternaldecisionmakerscalled?(A)a.Financialaccounting.B.Managerialaccounting.C.Auditing.D.Budgeting.10.ThefollowingtransactionsoccurredduringJuly:Received$700cashforphotographyservicesprovidedtocustomerduringthemonthReceived$1500cashfromBarbaraJones,theownerofthebusinessReceived$800fromacustomerinpartialpaymentofhisaccountreceivablewhicharoseasaresultofsalesduringJuneRenderedphotographyservicestoacustomeroncredit,$500Borrowed$2500fromthebankReceived$1000fromacustomerinpaymentforservicestobeperformednextyearWhatwastheamountofrevenueforJuly?(A)a.$1200b.$3000c.$5500d.$7000第二章1.Howdowerecordanassetcreatedbyapaymentforeconomicbenefitsthatdoesnotexpireuntilsomelatertime?(B)a.Recoredeasadebittoanunearnedrevenueaccount.b.Recordedasadebittoaprepaidexpenseaccount.c.Recordedasacredittoanunearnedrevenueaccount.d.Recordedasacredittoaprepaidexpenseaccount.2.Howdowerecordaliabilitycreatedbythereceiptofcashfromcustomersinpaymentforproductsorservicesthathavenotyetbeendeliveredtothecustomers?(C)a.Recoredeasadebittoanunearnedrevenueaccount.b.Recordedasadebittoaprepaidexpenseaccount.c.Recordedasacredittoanunearnedrevenueaccount.d.Recordedasacredittoaprepaidexpenseaccount.3.DuringthemonthofFebruary,HalCompanyhadcashreceiptsof$6500andcashdisbursementsof$8000.TheFebruary28cashblancewas$4300.Whatwasthebeginning(February1)cashbalance?(C)a.$1500.b.$2800.c.$5800.d.$73004.Aimesopenedanewbunsinessbyinvestingthefollowingassets:cash,$4000;land,$20000;building,$80000.Also,thebusinesswillassumeresponsibilityforanotepayableof$32000.Aimessignedthenoteaspartofhispaymentforthelandandbuilding.WhichjournalentryshouldbeusedonthebooksofthenewbusinesstorecordtheinvestmentbyAimes?(D)A.Assets………………10400Aimes,capital…………10400B.Assets………………104000Liability………………32000Aimes,capital………72000C.Cash………………4000Land………………20000Building……………80000Aimes,capital………………104000D.Cash………………4000Land………………20000Building……………80000Notepayable………………32000Aimes,capital………………720005.Ofthefollowingindependenterrors,whichonebyitselfwillcausethetrialbalancetobeoutofbalance?(B)a.A$200salarypaymentpostedasa$200debittoCashanda$200credittoSalariesexpense.b.A$100receiptfromacustomerinpaymentofhisaccountpostedasa$100debittoCashanda$10credittoAccountsreceivable.c.A$75receiptfromacustomerinpaymentofhisaccountpostedasa$75debittoCashanda$75credittoCash.d.A$50cashpurchaseofofficesuppliespostedasa$50debittoOfficeequipmentanda$50credittoCash.6.Whatisthecorrectdescriptionofageneralledger?(A)a.Abookoffinalentry.b.Ajournalinwhichtransactionsarefirstrecorded.c.Abookinwhichacompleterecordoftransactionsisfirstrecordedandfromwhichtransactionamountsarepostedtotheaccounts.d.Acocumentcontainingdetaileddescriptionsofalltransactions.7.OnSeptember30,Accountpayablehadanormalbalanceof$2300.DuringSeptembertheaccountwascreditedforatotalof$5400anddebitedforatotalof$3900.WhatwasthebalanceintheAccountspayableatthebeginningofSeptember?(C)a.A$-0-balance.b.An$800debitbalance.c.An$800creditbalance.d.A$3800debitbalance.8.Whichofthefollowingisacredit?(A)a.Adecreaseinanexpenseaccount.b.Anincreaseinanassetaccount.c.Adecreaseinanunearnedrevenuesaccount.d.Adecreaseinaliabilityaccount.9.Whichcolumninjournalsandaccountsisusedtocross-referencejournalandledgerentries?(C)a.Accountbalance.b.Debit.c.PostRef.d.Credit.10.OnApril30,HalCompanyhadanAccountsReceivablebalanceof$37000.DuringthemonthofMay,totalcreditstoAccountsReceivablewere$24000,whichresultedfromcustomerpayments.TheMay31AccountsReceivablebalancewas$32000.WhatwastheamountofcreditsalesduringMay?(A)a.$19000.b.$29000.c.$45000.d.$56000.第三章1.IfanaccountantforgottorecordDepreciationonofficeequipmentattheendofanaccountingperiod,whichofthefollowingwouldbetrueregardingthestatementspreparedatthattime?(D)Apaymentoftheaccountpayableandrecognitionofacashdiscounttaken.Apurchaseandrecognitionofacashdiscounttaken.7.WhattransactioncausesadebittoSalesreturnsandallowancesandacredittoAccountsreceivable?(C)a.Thereisnosuchentry;itshouldbeacredittoSalesreturnsandallowancesandadebittoAccountsreceivable.b.Thistransactionisrecordedbythepurchaserandrecognizesthereturnofmerchandise.c.Whenacustomerreturnsmerchandisetotheseller,thisentryisrecordedbytheseller.d.Thereisnosuchentry;itshouldbeadebittoSalesreturnsandallowancesandacredittoAccountspayable.8.Duringtheclosingprocess,alltemporarydebitandcreditbalanceaccountsareclosed.Whichofthefollowingaccountswouldbeclosedwithadebit?(C)a.SalesDiscounts.B.CostofGoodsSold.c.Sales.D.AccumulatedDeprciation.9.Inaperiodicsystem,thecostofmerchandiseinventoryisdeterminedbywhat?(A)a.Thecostofmerchandiseonhandisdeterminedbyrelatingthequantitiesonhand(asdeterminedbyaphysicalcount)torecordsshowingeachitem’soriginalcost.b.Recordingthecostofnewmerchandiseinthepurchasesaccount.c.Reconcilingtheaccountsforshrinkage.d.Bymaintainingup-to-daterecords.10.AldrigeCompanypurchased$1800ofmerchandiseonDecember5,terms2/10,n/15.OnDecember7.$200worthofmerchandisewasreturnedbyAldrigetothesupplier.OnDecember15,Aldrigepaidthebalanceinfull.Whatwastheamountofthecheque?(B)a.$200.b.$1568.c.$1600.d.$1800.第五章1.CanTexhad$54inmissingpettycashreceipts.Whatisthecorrecttreatment?(A)a.DebitCashOverandShortfor$54.b.CreditCashOverandShortfor$54.c.DebitPettyCashfor$54.d.CreditPettyCashfor$54.2.ZimbooruCompanyhad$12inextracashattheendoftheday.Whatisthecorrecttreatment?(C)a.CreditCashfor$12.b.DebitCashfor$12c.CreditCashOverandShortfor$12.d.DebitCashOverandShortfor$12.3.Thecustodianofa$500pettycashfundhas$62.50incoinsandcurrencyplus$432.50inreceiptsattheendofthdmonth.Whatwilltheentrytoreplenishthepettycashfundinclude?(D)a.AdebittoMiscellaneousExpensesfor$427.50.b.AcredittoCashOverandShortfor$5.00.c.AcredittoCashfor$432.50.d.AcredittoCashfor$437.50.4.EpsCoplanstoeliminatea$200pettycashfund.Thecurrentbalanceintheaccountincludes$45inreceiptsand$165incurrency.Whatwilltheentrytoeliminatethefundinclude?(B)a.DebittoCashShortandOverfor$10.b.DebittoCashfor$165.c.DebittoMiscellaneousExpensesfor$35.d.CredittoPettyCashfor$165.5.Onwhatdatedoesa90-daynoteissuedonJuly10mature?(B)a.October7.b.October8.c.October9.d.October10.6.Microtech’saccountsreceivableturnoverwas7.5forthisyearand6.8forlastyear.NetTech’sturnoverwas8.6forthisyearand9forlastyear.Whichofthefollowingstatementsbestexplainsthecomparisonbetweenthetwocompanies?(A)a.NetTechhasthebetterturnoverforbothyears.b.Microtechhasthebetterturnoverforbothyears.c.NetTech’sturnoverisimproving.d.Microtech’schangeinturnoverisunfavourable.7.OnNovember15,2002,LeskowichInc.concludedthatacustomer’s$4400accountreceivablewasuncollectibleandthattheaccountshouldbewrittenoff.Whateffectwillthiswrite-offhaveonLeskowich’s2002netincomeandbalancesheettotalsassumingtheallowancemethodisusedtoaccountforbaddebts?(B)a.Decreaseinnetincome;noeffectontotalassets.b.Noeffectonnetincomeorontotalassets.c.Decreaseinnetincome;decreaseintotalassets.d.Increaseinnetincome;noeffectontotalassets.8.Whatistheaccountingprocedurethat(1)estimatesandreportsbaddebtexpensefromcreditsalesduringtheperiodofthesales,and(2)reportsaccountsreceivableattheamountofcashproceedsthatisexpectedfromtheircollection?(D)a.Agingofaccountsreceivable.b.Adjustmentmethodforuncollectibledebts.c.Directwrite-offmethodofaccountingforbaddebts.d.Allowancemethodofaccountingforbadbets.9.Whatarequickassets?(C)a.Cash,short-terminvestments,prepaidexpenses.b.Cash,inventory,accountsreceivable.c.Cash,short-terminvestments,accountsreceivable.d.Cash,accountsreceivable,prepaidexpenses.10.Forwhatreasonmightabankissueadebitmemorandum?(B)a.Tonotifyadepositorofallincreasestothedepositor’saccount.b.Tonotifyadepositorofadeductiontoadepositor’saccount.c.Tonotifyadepositorofanelectronicfundstransferintotheiraccount.d.Tonotifyadepositorofanerrorinthedepositor’saccountingrecords.第六章Usethefollowinginformationtoanswerquestions1through4.TheinformationshownbelowwastakenfromExeterCompany’sincomestatementfortheyear-endedDecember31,2002:Sales……$94600NetsalesOperatingexpensesSuplementalrecordsshowedthefollowinginformation:Merchandiseinventory,December31,2001PurchasesPurchasereturnsandallowancesPurchasediscountsTransportation-inMerchandiseinventory,December31,2002AphysicalcountofthemerchandiseinventoryonDecember31,2002showsabalanceonhandof$42000.Exeter’sgrossmarginratioforthe