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会计英语单元题第一章Answerofthesequestionsappearsattheendoflessoncases.1.Whichofthefollowingstatementsisfalse?____A____.A.ThepartnershipformofbusinessorganizationprotectsthepersonalassetsoftheownersfromcreditorsofthebusinessB.AproprietorshiphasasingleownerC.Accountingistheinformationsystemthatmeasuresbusinessactivities,processesthatinformationintoreports,andcommunicatestheresultstodecisionmakersD.TheFASBdetermineshowaccountingispracticedintheUnitedStates2.Theprimaryobjectiveoffinancialreportingis_______C_.A.topresentinformationinanethicalmannerB.toprovideinformationtothefederalgovernmentC.toprovideinformationusefulforinvestmentandlendingdecisionsD.toprovideinformationusefultomanagersinmakingdailydecisions3.Theprincipleorconceptthatholdsthatanentitywillremaininoperationfortheforeseeablefutureisthe_____A____.A.going-concernconceptB.stable-monetary-unitconceptC.reliabilityprincipleD.costprinciple4.Whichofthefollowingstatementsistrue?___B_____.A.RevenuesareassetsbecausetheyrepresenteconomicbenefitsB.AssetsareeconomicresourcesthatareexpectedtobenefitfutureperiodsC.TheaccountingequationcanbestatedasAssets+Liabilities=Owner’sEquityD.Liabilitiesareeconomicobligationstoinsiders5.AftinCo.performedservicesonaccount.WhenAftincollectstheaccountreceivable,____B____.A.assetsincreaseB.assetsdonotchangeC.owner’sequitydecreasesD.liabilitiesdecrease6.Whichofthefollowingtransactionswouldnotaffectower’sequity?___A_____.A.PaymentofanaccountpayableB.PaymentofsalaryexpenseC.ServiceprovidedonaccountD.Withdrawalofcashbyowner7.Anincomestatementreports___D______.A.Theassets,liabilities,andowner’sequityonapatticulardateB.thechangeintheowner’scapitalduringtheperiodC.thecashreceiptsandcashpaymentsduringtheperiodD.thedifferencebetweenrevenuesandexpensesduringtheperiod8.Ifassetsincrease$80000duringtheperiodandowner’sequitydecreases$16000duringtheperiod,liabilitiesmusthave___B______.A.increased$64000B.increased$96000C.decreased$64000\D.decreased$960009.Thefollowinginformationabouttheassetsandliabilitiesattheendof20*1and20*2isgivenbelow:20*120*2Assets$75000$90000Liabilities3600045000Ifnetincomewas$15000andtherewerenowithdrawals,howmuchdidtheownerinvest____A___.A.$4500B.$6000C.$45000D.$4350010.Theamountofnetincomeshownontheincomestatementalsoappearsonthe______C__.A.statementoffinancialpositionB.balancesheetC.statementofowner’sequityD.statementofcashflows第二章1.Whichoftheseis(are)anexampleofanassetaccount?___C___A.ServiceRevenueB.WithdrawalsC.SuppliesD.Alloftheabove2.TraylorCompanypaid$2850onaccount.Theeffectofthistransactionontheaccountingequationisto__D___.A.Decreaseassetsanddecreaseowner’sequityB.Increaseliabilitiesanddecreaseowner’sequityC.HavenoeffectontotalassetsD.Decreaseassetsanddecreaseliabilities3.Whichofthesestatementsisfalse?__A____.A.IncreaseinassetsandincreaseinrevenuesarerecordedwithadebitB.Increaseinliabilitiesandincreasesinowner’sequityarerecordedwithacreditC.IncreaseinbothassetsandwithdrawalsarerecordedwithadebitD.Decreasesinliabilitiesandincreasesinexpensesarerecordedwithadebit4.NotPayablehasanormalbeginningbalanceof$30000.Duringtheperiod,newborrowingstotal$63000andtheendingbalanceinNotesPayableis$41000.Determinethepaymentsonloansduringtheperiod.__B___.A.$74000B.$52000C.$134000D.Cannotbedeterminedfromtheinformationgiven5.Whichofthesestatementsisnotcorrect?__C___.A.TheaccountisabasicsummarydeviceusedinaccountingB.AbusinesstransactionisrecordedfirstinthejournalandthenpostedtodeledgerC.TheledgerisachronologicallistingofalltransactionsD.Thedebitentryisrecordedfirstinajournalentry,thenthecreditentry6.Whichoftheseaccountshasanormaldebitbalance?___D___.A.RentExpenseB.WithdrawalsC.ServiceRevenueD.BothAandBhaveanormaldebitbalance7.Thejournalentrytorecordthecollectionof$890fromacustomeronaccountis___B___.A.AccountsPayable890Cash890B.Cash890AccountReceivable890C.Cash890AccountsPayable890D.Cash890ServiceRevenue8908.TheendingCashaccountbalanceis$57600.Duringtheperiod,cashreceiptsequal$124300.Ifthecashpaymentsduringtheperiodtotal$135100,thenthebeginningCashamountmusthave__A____.A.$68400B.$46800C.$181900D.Cannotbedeterminedfromtheinformationgiven9.UsethefollowingselectedinformationfortheAleciaCompanytocalculatethecorrectcreditcolumntotalforatrialbalance___C___.Accountsreceivable$7200Accountspayable6900Building179400Cash15800Capital64000Insuranceexpense6500Salaryexpense56100Salarypayable3600Servicerevenue190500A.$201000B.$137100C.$265000D.$7450010.Whichofthefollowingstatementsiscorrect?____D___.A.ThechartofaccountsisalistofallaccountswiththeirbalancesB.Thetrialbalanceisalistofallaccountswiththeirbalances,dividedasdebitorcreditC.Theledgerismaintainedinchart-of-accountsorderD.BothBandCarecorrect第三章1.Whenshouldrevenueberecordedundertheaccrual-basisandcash-basisofaccounting?____D___Accrual-BasisCash-BasisA.WhenreceivedWhentheserviceisperformedB.WhentheserviceisperformedWhenthecustomerisbilledC.WhenthecustomerisbilledWhenreceivedD.WhentheserviceisperformedWhenreceived2.During20*4,BustamanteCo.incurredsalaryexpenseof$240,000.BeginingandendingSalaryPayablewas