会计学原理快速测试英文版教学提纲.docx

会计学原理快速测试英文版教学提纲.docx

《会计学原理快速测试英文版教学提纲.docx》由会员分享，可在线阅读，更多相关《会计学原理快速测试英文版教学提纲.docx（16页珍藏版）》请在冰豆网上搜索。

会计学原理快速测试英文版教学提纲

会计学原理-快速测试（英文版）

TESTFORCHAPTER1-4

注：

判断题红色标记句为错句，选择题加下划线选项为正确答案

PARTITRUEORFALSE

1）Accountingisaninformationandmeasurementsystemthatidentifies,records,andcommunicatesrelevant,reliable,andcomparableformationaboutanorganization'sbusinessactivities.

2）Managerialaccountingistheareaofaccountingthatprovidesinternalreportstoassistthedecisionmakingneedsofinternalusers. 

3）Theprimaryobjectiveoffinancialaccountingistoprovidegeneralpurposefinancialstatementstohelpexternalusersanalyzeandinterpretanorganization'sactivities. 

4）Internalusersincludelenders,shareholders,brokersandmanagers. 

5）Inthepartnershipformofbusiness,theownersarecalledstockholders. 

6）Thebusinessentityprinciplemeansthatabusinesswillcontinueoperatingforanindefiniteperiodoftime. 

7）Asageneralrule,revenuesshouldnotberecognizedintheaccountingrecordsuntilitisreceivedincash. 

8）Accruedexpensesattheendofoneaccountingperiodareexpectedtoresultincashpaymentsinafutureperiod. 

9）Theideathatabusinesswillcontinuetooperateuntilitcansellitsassetstopayitscreditorsunderliesthegoing-concernassumption. 

10）Themonetaryunitassumptionmeansthatallinternationaltransactionsmustbeexpressedindollars. 

11）TheInternationalAccountingStandardsBoard（IASB）isthegovernmentgroupthatestablishesreportingrequirementsforcompaniesthatissuestocktothepublic. 

12）Expensesdecreaseequityandarethecostsofassetsorservicesusedtoearnrevenues. 

13）Acompanymightprovideaserviceorproductoncredit."Oncredit"impliesthatthecashpaymentwilloccuronalaterdate. 

14）Eachadjustingentryaffectsonlyoneormoreincomestatementaccountandnevercash. 

15）Thelegitimateclaimsofabusiness'screditorstakeprecedenceovertheclaimsofthebusinessowner. 

16）Underthecashbasisofaccounting,noadjustmentsaremadeforprepaid,unearned,andaccrueditems. 

17）Fromanaccountingperspective,aneventisahappeningthataffectsanentity'saccountingequation,butcannotbemeasured. 

18）Theincomestatementisafinancialstatementthatshowsrevenuesearnedandexpensesincurredduringaspecifiedperiodoftime. 

19）ChuckTaylorwithdrew$6,000incashfromFastForward.Thisamountshouldbeincludedasanexpenseontheincomestatement. 

20）Sourcedocumentsprovideevidenceofbusinesstransactionsandarethebasisforaccountingentries. 

21）Itemssuchassalestickets,bankstatements,checks,andpurchaseordersaresourcedocuments. 

22）Itisnotnecessarytokeepseparateaccountsforallitemsofimportanceforbusinessdecisions. 

23）Closingentriesarenecessarysothatowner'scapitalwillbegineachperiodwithazerobalance. 

24）Cashwithdrawnbytheownerofaproprietorshipshouldbetreatedasanexpenseofthebusiness. 

25）Whenacompanyprovidesservicesforwhichcashwillnotbereceiveduntilsomefuturedate,thecompanyshouldrecordtheamountreceivedasunearnedrevenuefortheamountchargedtothecustomer. 

26）Doubleentryaccountingrequiresthateachtransactionaffect,andberecordedin,atleasttwoaccounts. 

27）Assetaccountsnormallyhavecreditbalancesandrevenueaccountsnormallyhavedebitbalances. 

28）Atransactionthatdecreasesanassetaccountandincreasesaliabilityaccountmustalsoaffectoneormoreotheraccounts. 

29）Adjustingentriesareusedtobringassetorliabilityaccountstotheirproperamountandupdatetherelatedexpenseorrevenueaccount. 

30）Whenacompanybillsacustomerfor$600forservicesrendered,thejournalentrytorecordthistransactionwillincludea$600debittoServicesRevenue. 

31）Thejournalisknownasthebookoffinalentrybecausefinancialstatementsarepreparedfromit. 

32）Theclosingprocesstakesplaceafterfinancialstatementshavebeenprepared. 

33）Atrialbalancethatbalancesisnotproofofcompleteaccuracyinrecordingtransactions.

34）Closingentriesaredesignedtotransfertheend-of-periodbalancesintherevenueaccounts,theexpenseaccounts,andthewithdrawalsaccounttoowner'scapital. 

35）Ifcashwasincorrectlydebitedfor$100insteadofcorrectlycreditedfor$100,thecashaccountisoutofbalanceby$100. 

36）Adjustingentriesresultinabettermatchingofrevenuesandexpensesfortheperiod.

37）Thematchingprinciplerequiresthatexpensesgetrecordedinthesameaccountingperiodastherevenuesthatareearnedasaresultoftheexpenses,notwhencashispaid. 

38）OnOctober15,acompanyreceived$15,000cashasadownpaymentonaconsultingcontract.TheamountwascreditedtoUnearnedConsultingRevenue.ByOctober31,10%oftheservicesrequiredbythecontractwerecompleted.Thecompanywillrecordconsultingrevenueof$1,500fromthiscontractforOctober. 

39）Closingrevenueandexpenseaccountsattheendoftheaccountingperiodservestomaketherevenueandexpenseaccountsreadyforuseinthenextperiod. 

40）Accruedexpensesreflecttransactionswherecashispaidbeforearelatedexpenseisrecognized. 

41）Beforeanadjustingentryismadetorecognizethecostofexpiredinsurancefortheperiod,PrepaidInsuranceandInsuranceExpensearebothoverstated. 

42）Acompanypurchased$6,000worthofsuppliesinAugustandrecordedthepurchaseintheSuppliesaccount.OnAugust31,thefiscalyear-end,thesuppliescountequaled$3,200.Theadjustingentrywouldincludea$2,800debittoSupplies. 

43）Inpreparingstatementsfromtheadjustedtrialbalance,thebalancesheetmustbepreparedfirst. 

44）Acompanyperforms20daysworkona30-daycontractbeforetheendoftheyear.Thetotalcontractisvaluedat$6,000andpaymentisnotdueuntilthecontractisfullycompleted.Theadjustingentryincludesa$4,000credittounearnedrevenue. 

45）Anunadjustedtrialbalanceisalistofaccountsandbalancespreparedbeforeadjustmentsarerecordedandposted. 

46）Financialstatementscanbeprepareddirectlyfromtheinformationintheadjustedtrialbalance. 

47）IncomeSummaryisatemporaryaccountonlyusedfortheclosingprocess. 

48）Revenueaccountsshouldbegineachaccountingperiodwithzerobalances. 

49）Thelastfourstepsintheaccountingcycleincludepreparingtheadjustedtrialbalance,preparingfinancialstatementsandrecordingclosingandadjustingentries. 

50）Whenexpensesexceedrevenues,thereisanetlossandtheIncomeSummaryaccountwouldhaveacreditbalance. 

51）Apost-closingtrialbalanceisalistofpermanentaccountsandtheirbalancesfromtheledgerafterallclosingentriesarejournalizedandposted. 

PARTIIMULTIPLE-CHOICE

1.Theprimaryobjectiveoffinancialaccountingis:

A. Toservethedecision-makingneedsofinternalusers.

B. Toprovidefinancialstatementstohelpexternalusersanalyzeanorganization'sactivities.

C. Tomonitorandcontrolcompanyactivities.

D. Toprovideinformationonboththecostsandbenefitsoflookingafterproductsandservices.

E. Toknowwhat,when,andhowmuchtoproduce.

2.Internalusersofaccountinginformationinclude:

A. Shareholders.B. Managers.C. Lenders.D. Suppliers.E. Customers.

3.Acorporation:

A. Isabusinesslegallyseparatefromitsowners.B. IscontrolledbytheFASB.

C. Hasshareholderswhohaveunlimitedliabilityfortheactsofthecorporation.

D. Isthesameasalimitedliabilitypartnership.E. Allofthese.

4.Theaccountingassumptionthatrequireseverybusinesstobeaccountedforseparatelyfromotherbusinessentities,includingitsownerorownersisknownasthe:

A. Objectivityprinciple.B. Businessentityassumption.C. Going-concernassumption.

D. Revenuerecognitionprinciple.E. Costprinciple.

5.Therulethatrequiresfinancialstatementstoreflecttheassumptionthatthebusinesswillcontinueoperatinginsteadofbeingclosedorsold,unlessevidenceshowsthatitwillnotcontinue,isthe:

A. Going-concernprinciple.B. Businessentityprinciple.C. Objectivityprinciple.

D. CostPrinciple.E. Monetaryunitprinciple.

6.Ifaparceloflandthatwasoriginallyacquiredfor$85,000isofferedforsaleat$150,000,isassessedfortaxpurposesat$95,000,isrecognizedbyitspurchasersaseasilybeingworth$140,000,andissoldfor$137,000,thelandshouldberecordedinthepurchaser'sbooksat:

A. $95,000.B. $137,000.C. $138,500.D. $140,000.E. $150,000.

7.Toincludethepersonalassetsandtransactionsofabusiness'sownerintherecordsandreportsofthebusinesswouldbeinconflictwiththe:

A. Objectivityprinciple.B. Realizationprinciple.C. Businessentityprinciple.

D. Going-concernprinciple.E. Revenuerecognitionprinciple.

8.Thequestionofwhenrevenueshouldberecognizedontheincomestatement（accordingtoGAAP）isaddressedbythe:

A. Revenuerecognitionprinciple.B. Going-concernprinciple.C. Objectivityprinciple.

D. Businessentityprinciple.E. Costprinciple.

9.OnDecember15,2007,MyersLegalServicessigneda$50,000contractwithaclienttoprovidelegalservicestotheclientin2008.WhichaccountingprinciplewouldrequireMyersLegalServicestorecordthelegalfeesrevenuein2008andnot2007?

A. MonetaryunitprincipleB. Going-concernprincipleC. Costprinciple

D. BusinessentityprincipleE. Revenuerecognitionprinciple

10.Apartnership:

A. Isalsocalledasoleproprietorship.B. Hasunlimitedliability.C. Hasownerscalledshareholders.

D. Hastohaveawrittenagreementinordertobelegal.E. Isalegalorganizationseparatefromitsowners.

11.Accordingtogenerallyacceptedaccountingprinciples,acompany'sbalancesheetshouldshowthecompany'sassetsat:

A. Thecash