最新财务会计题库 Transaction AnalysisWord文档下载推荐.docx

1、 S2-52.1-2 The trial balance is a NOT a formal accounting statement. True LO: 1 EOC: S2-252.1-3 Accrued Liabilities is a liability account. E2-282.1-4 The retained earnings account represents the excess of net income over dividends retained in the business since its inception. P2-50A2.1-5 Expense ac

2、counts always represent expired assets. E2-112.1-6 The dividends account indicates an increase in common stock. E2-152.1-7 Double-entry accounting records only those transactions affecting the income statement. QC 82.1-8 The purchase of office equipment for cash would increase both an asset and a li

3、ability account. P2-49A2.1-9 Which of the following is NOT an asset account? A. Accounts ReceivableB. Prepaid RentC. Common Stock D. All of these are asset accounts. C LO:2.1-10 Prepaid expense accounts appear on: A. the income statement. B. the balance sheet. C. the statement of retained earnings a

4、nd on the income statement. D. both the income statement and balance sheet. B LO: P2-56A2.1-11 The term double-entry accounting indicates that the accountant: A. records both sides of each transaction in the accounts affected. B. computes the income statement and balance sheet effect of each transac

5、tion. C. identifies both the cash inflows and the cash outflows. D. uses both the general journal and the general ledger when recording transactions. A LO: QC 8 2.1-12 A company received cash in exchange for issuing stock. This transaction increased assets and:a.increased expenses.b.increased revenu

6、es.c.increased liabilities.d.increased equity. D LO: E2-162.1-13 A company purchased office supplies for cash. This transaction increased assets and:A. increased equity.B. increased liabilities.C. increased revenues.D. decreased assets. QC 102.1-14 A company performed services for a customer on acco

7、unt. This transaction increased assets and:A.decreased equity.C. increased expenses.D. increased revenues. QC 32.1-15 A company paid cash for employee wages. This transaction:A. increased cash and increased expenses.B. increased cash and decreased expenses.C. decreased cash and increased expenses.D.

8、 decreased cash and decreased revenues. 2.1-16 A company paid cash for an amount owed to a creditor. This transaction decreased cash and:A. decreased revenues.B. decreased liabilities.C. decreased expenses.D. increased expenses. 2.1-17 The owner of a business paid cash from his personal checking acc

9、ount to purchase an automobile for his personal use. This transaction: A. increased a liability account and increased liabilities. B. decreased cash and increased expenses. C. increased assets and increased owners equity. D. is not a transaction recognized by the business. 2.1-18 Which type of accou

10、nt is increased when a company records a debt?A. ExpenseB. Retained earningsC. LiabilityD. None of the above are correct. QC 12.1-19 All of the following accounts would be considered assets EXCEPT for:A. cash.B. retained earnings.C. prepaid expenses.D. notes receivable. S2-92.1-20 What type of accou

11、nt is prepaid insurance?A. A liabilityB. An expenseC. Stockholders equityD. An asset2.1-21 Which of the following accounts are a standard component of stockholders equity?A. Prepaid ExpensesB. DividendsC. Additional Paid In StockD. Unearned Income2.1-22 Notes payable, accounts payable, taxes payable

12、 and salaries payable are all examples of:A. liabilities.B. revenues.C. expenses.D. assets.2.1-23 Which type of account is decreased when a company pays its employees with cash?A. A liability B. A prepaid asset C. An asset D. Owners equity 2.1-24 Which of the following business events would NOT be recorded in a companys accounting records?A. The company paid a monthly utility bill of $1,000.B. The company issued