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1、会计英语单元题第一章Answer of these questions appears at the end of lesson cases.1. Which of the following statements is false?_A_.A. The partnership form of business organization protects the personal assets of the owners from creditors of the business B. A proprietorship has a single owner C. Accounting is
2、the information system that measures business activities, processes that information into reports, and communicates the results to decision makersD. The FASB determines how accounting is practiced in the United States2. The primary objective of financial reporting is _C_.A. to present information in
3、 an ethical mannerB. to provide information to the federal governmentC. to provide information useful for investment and lending decisionsD. to provide information useful to managers in making daily decisions 3. The principle or concept that holds that an entity will remain in operation for the fore
4、seeable future is the_A_.A. going-concern concept B. stable-monetary-unit conceptC. reliability principleD. cost principle4. Which of the following statements is true?_B_.A. Revenues are assets because they represent economic benefitsB. Assets are economic resources that are expected to benefit futu
5、re periodsC. The accounting equation can be stated as Assets +Liabilities =Owners EquityD. Liabilities are economic obligations to insiders5. Aftin Co. performed services on account. When Aftin collects the account receivable, _B_.A. assets increaseB. assets do not changeC. owners equity decreasesD.
6、 liabilities decrease6. Which of the following transactions would not affect owers equity?_A_.A. Payment of an account payableB. Payment of salary expenseC. Service provided on accountD. Withdrawal of cash by owner7. An income statement reports_D_.A. The assets, liabilities, and owners equity on a p
7、atticular dateB. the change in the owners capital during the periodC. the cash receipts and cash payments during the periodD. the difference between revenues and expenses during the period8. If assets increase $80000 during the period and owners equity decreases $16000 during the period, liabilities
8、 must have_B_.A. increased $64000B. increased $96000C. decreased $64000 D. decreased $960009.The following information about the assets and liabilities at the end of 20*1 and 20*2 is given below: 20*1 20*2 Assets $75000 $90000Liabilities 36000 45000If net income was $15000 and there were no withdraw
9、als, how much did the owner invest_A_.A. $ 4500B. $ 6000C. $ 45000D. $ 4350010.The amount of net income shown on the income statement also appears on the _C_.A. statement of financial positionB. balance sheetC. statement of owners equityD. statement of cash flows第二章1. Which of these is (are) an exam
10、ple of an asset account? _C_A. Service RevenueB. WithdrawalsC. SuppliesD. All of the above2. Traylor Company paid $ 2 850 on account. The effect of this transaction on the accounting equation is to _D_.A. Decrease assets and decrease owners equityB. Increase liabilities and decrease owners equityC.
11、Have no effect on total assetsD. Decrease assets and decrease liabilities3. Which of these statements is false? _A_.A. Increase in assets and increase in revenues are recorded with a debitB. Increase in liabilities and increases in owners equity are recorded with a creditC. Increase in both assets a
12、nd withdrawals are recorded with a debitD. Decreases in liabilities and increases in expenses are recorded with a debit4. Not Payable has a normal beginning balance of $ 30 000. During the period, new borrowings total $ 63 000 and the ending balance in Notes Payable is $ 41 000. Determine the paymen
13、ts on loans during the period. _B_.A. $ 74 000B. $ 52 000C. $ 134 000D. Cannot be determined from the information given5. Which of these statements is not correct? _C_.A. The account is a basic summary device used in accountingB. A business transaction is recorded first in the journal and then poste
14、d to de ledgerC. The ledger is a chronological listing of all transactionsD. The debit entry is recorded first in a journal entry , then the credit entry6. Which of these accounts has a normal debit balance? _D_.A. Rent ExpenseB. WithdrawalsC. Service RevenueD. Both A and B have a normal debit balance7. The journal entry to record the collection of $ 890 from a customer on account is _B_.A. Accounts Payable 890 Cash 890B. Cash 890 Account Receivable 890C. Cash 890 Accounts Payable 890D. Cash 890 Service Revenue 8908. The ending
