會(huì)計(jì)英語(yǔ)課后題

會(huì)計(jì)英語(yǔ)課后題會(huì)計(jì)英語(yǔ)課后題會(huì)計(jì)英語(yǔ)課后題資料僅供參考文件編號(hào)：2022年4月會(huì)計(jì)英語(yǔ)課后題版本號(hào)：A修改號(hào)：1頁(yè)次：1.0審核：批準(zhǔn):發(fā)布日期：

Unlimitedliabilityisanadvantageofasoleproprietorship.×Asoleproprietorshipisabusinessownedbyoneormorepersons.×Asageneralrule,revenuesshouldnotberecognizedintheaccountingrecordsuntilitisreceivedincash.×Inthepartnershipformofbusiness,theownersarecalledstockholders.×Theareaofaccountingaimedatservingthedecisionmakingneedsofinternalusersis:AFinancialaccounting.BManagerialaccounting.CExternalauditing.DSECreporting.EBookkeeping.Theaccountingconceptthatrequiresfinancialstatementinformationtobesupportedbyindependent,unbiasedevidenceotherthansomeone'sbelieforopinionis:ABusinessentityassumption.BMonetaryunitassumption.CGoing-concernassumption.DTime-periodassumption.EObjectivityExternalusersofaccountinginformationincludeallofthefollowingexcept:AShareholders.BCustomers.CPurchasingmanagers.DGovernmentregulators.ECreditors.Theaccountingassumptionthatrequireseverybusinesstobeaccountedforseparatelyfromotherbusinessentities,includingitsownerorownersisknownasthe:ATime-periodassumption.BBusinessentityassumption.CGoing-concernassumption.DRevenuerecognitionprinciple.ECostprinciple.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.TheMaximCompanyacquiredabuildingfor$500,000.Maximhadthebuildingappraised,andfoundthatthebuildingwaseasilyworth$575,000.Thesellerhadpaid$300,000forthebuilding6yearsago.WhichaccountingprinciplewouldrequireMaximtorecordthebuildingonitsrecordsat$500,000?AMonetaryunitassumption.BGoing-concernassumption.CCostprinciple.DBusinessentityassumption.ERevenuerecognitionprinciple.Iftheliabilitiesofabusinessincreased$75,000duringaperiodoftimeandtheowner'sequityinthebusinessdecreased$30,000duringthesameperiod,theassetsofthebusinessmusthave:ADecreased$105,000.BDecreased$45,000.CIncreased$30,000.DIncreased$45,000.EIncreased$105,000.Iftheassetsofabusinessincreased$89,000duringaperiodoftimeanditsliabilitiesincreased$67,000duringthesameperiod,equityinthebusinessmusthave:AIncreased$22,000.BDecreased$22,000.CIncreased$89,000.DDecreased$156,000.EIncreased$156,000.Ifacompanypaid$38,000ofitsaccountspayableincash,whatwastheeffectontheassets,liabilities,andequity?AAssetswoulddecrease$38,000,liabilitieswoulddecrease$38,000,andequitywoulddecrease$38,000.BAssetswoulddecrease$38,000,liabilitieswoulddecrease$38,000,andequitywouldincrease$38,000.CAssetswoulddecrease$38,000,liabilitieswoulddecrease$38,000,andequitywouldnotchange.DTherewouldbenoeffectontheaccountsbecausetheaccountsareaffectedbythesameamount.ENoneofthese.HowwouldtheaccountingequationofBostonCompanybeaffectedbythebillingofaclientfor$10,000ofconsultingworkcompletedA+$10,000accountsreceivable,-$10,000accountspayable.B+$10,000accountsreceivable,+$10,000accountspayable.C+$10,000accountsreceivable,+$10,000cash.D+$10,000accountsreceivable,+$10,000revenue.E+$10,000accountsreceivable,-$10,000revenueAssetscreatedbysellinggoodsandservicesoncreditare:AAccountspayable.BAccountsreceivable.CLiabilities.DExpenses.EEquity.OnJune30ofthecurrentyear,theassetsandliabilitiesofPhoenix,Inc.areasfollows:Cash$20,500;AccountsReceivable,$7,250;Supplies,$650;Equipment,$12,000;AccountsPayable,$9,300.Whatistheamountofowner'sequityasofJune30ofthecurrentyearA$8,300B$13,050C$20,500D$31,100E$40,400Theexcessofexpensesoverrevenuesforaperiodis:ANetassets.BEquity.CNetloss.DNetincome.EAliability.Theaccountingequationimpliesthat:Assets+Liabilities=Equity.

×

owner'sequityaretheowner'sclaimonassets.

√Increasesinliabilityaccountsarerecordedasdebits.

×

Creditinganexpenseaccountdecreasesit.

√

Ifinsurancecoverageforthenextthreeyearsispaidforinadvance,theamountofthepaymentisdebitedtoanassetaccountcalledPrepaidInsurance.

√ThepurchaseofsuppliesoncreditshouldberecordedwithadebittoSuppliesandacredittoAccountsPayable.

√IfacompanyprovidesservicestoacustomeroncreditthesellingcompanyshouldcreditAccountsReceivable.

×Arecordoftheincreasesanddecreasesinaspecificasset,liability,equity,revenue,orexpenseisa(n):AJournal.BPosting.CTrialbalance.DAccount.EChartofaccounts.WhichofthefollowingstatementsiscorrectAWhenafutureexpenseispaidinadvance,thepaymentisnormallyrecordedinaliabilityaccountcalledPrepaidExpense.BPromisesoffuturepaymentbythebuyerarecalledaccountsreceivable.CIncreasesanddecreasesincasharealwaysrecordedintheowner'scapitalaccount.DAnaccountcalledLandiscommonlyusedtorecordincreasesanddecreasesinboththelandandbuildingsownedbyabusiness.EAccruedliabilitiesincludeaccountsreceivable.Prepaidexpensesare:APaymentsmadeforproductsandservicesthatdonoteverexpire.BClassifiedasliabilitiesonthebalancesheet.CDecreasesinequity.DAssetsthatrepresentprepaymentsoffutureexpenses.EPromisesofpaymentsbycustomers.Adebit:AAlwaysincreasesanaccount.BIstheright-handsideofaT-account.CAlwaysdecreasesanaccount.DIstheleft-handsideofaT-account.EIsnotneedtorecordatransaction.WhichofthefollowingstatementsisincorrectAThenormalbalanceofaccountsreceivableisadebit.BThenormalbalanceofowner'swithdrawalsisadebit.CThenormalbalanceofunearnedrevenuesisacredit.DThenormalbalanceofanexpenseaccountisacredit.EThenormalbalanceoftheowner'scapitalaccountisacredit.Thefirststepintheprocessingofatransactionistoanalyzethetransactionandsourcedocuments.

√Preparationofatrialbalanceisthefirststepintheanalyzingandrecordingprocess.

×Sourcedocumentsprovideevidenceofbusinesstransactionsandarethebasisforaccountingentries.

√Arevenueaccountnormallyhasadebitbalance.

×Accountsarenormallydecreasedbydebits.

×Allofthefollowingstatementsregardingasalesinvoicearetrueexcept:AAsalesinvoiceisatypeofsourcedocument.BAsalesinvoiceisusedbysellerstorecordthesale.CAsalesinvoiceisusedbybuyerstorecordpurchases.DAsalesinvoicegivesrisetoanentryintheaccountingprocess.EAsalesinvoicedoesnotprovideobjectiveevidenceaboutatransaction.Theaccountingprocessbeginswith:AAnalysisofbusinesstransactionsandsourcedocuments.BPreparingfinancialstatementsandotherreports.CSummarizingtherecordedeffectofbusinesstransactions.DPresentationoffinancialinformationtodecision-makers.EPreparationofthetrialbalance.Sourcedocumentsincludeallofthefollowingexcept:ASalestickets.BLedgers.CChecks.DPurchaseorders.Aledgeris:AArecordcontainingincreasesanddecreasesinaspecificasset,liability,equity,revenue,orexpenseitem.BAjournalinwhichtransactionsarefirstrecorded.CAcollectionofdocumentsthatdescribetransactionsandeventsenteringtheaccountingprocess.DAlistofallaccountswiththeirdebitbalancesatapointintime.EArecordcontainingallaccountsandtheirbalancesusedbyacompany.RobertHaddoncontributed$70,000incashandlandworth$130,000toopenanewbusiness,RHConsulting.WhichofthefollowinggeneraljournalentrieswillRHConsultingmaketorecordthistransaction?ADebitAssets$200,000;creditHaddon,Capital,$200,000.BDebitCashandLand,$200,000;creditHaddon,Capital,$200,000.CDebitCash$70,000;debitLand$130,000;creditHaddon,Capital,$200,000.DDebitHaddon,Capital,$200,000;creditCash$70,000,creditLand,$130,000.OnJanuary1acompanypurchasedafive-yearinsurancepolicyfor$1,800withcoveragestartingimmediately.IfthepurchasewasrecordedinthePrepaidInsuranceaccount,andthecompanyrecordsadjustmentsonlyatyear-end,theadjustingentryattheendofthefirstyearis:ADebitPrepaidInsurance,$1,800;creditCash,$1,800.BDebitPrepaidInsurance,$1,440;creditInsuranceExpense,$1,440.CDebitPrepaidInsurance,$360;creditInsuranceExpense,$360.DDebitInsuranceExpense,$360;creditPrepaidInsurance,$360.EDebitInsuranceExpense,$360;creditPrepaidInsurance,$1,440.

Acompanyhadnoofficesuppliesavailableatthebeginningoftheyear.Duringtheyear,thecompanypurchased$250worthofofficesupplies.OnDecember31,$75worthofofficesuppliesremained.Howmuchshouldthecompanyreportasofficesuppliesexpensefortheyear?A$75.B$125.C$175.D$250OnApril1,acompanypaidthe$1,350premiumonathree-yearinsurancepolicywithbenefitsbeginningonthatdate.WhatwillbetheinsuranceexpenseontheannualincomestatementfortheyearendedDecember31A$1,350.00.B$450.00.C$1,012.50.D$337.50.IfthroughoutanaccountingperiodthefeesforlegalservicespaidinadvancebyclientsarerecordedinanaccountcalledUnearnedLegalFees,theend-of-periodadjustingentrytorecordtheportionofthosefeesthathasbeenearnedis:ADebitCashandcreditLegalFeesEarned.BDebitCashandcreditUnearnedLegalFees.CDebitUnearnedLegalFeesandcreditLegalFeesEarned.DDebitLegalFeesEarnedandcreditUnearnedLegalFees.EDebitUnearnedLegalFeesandcreditAccountsReceivable.Theperiodicexpensecreatedbyallocatingthecostofplantandequipmenttotheperiodsinwhichtheyareused,representingtheexpenseofusingtheassets,iscalled:AAccumulateddepreciation.BAcontraaccount.CThematchingprinciple.DDepreciationexpense.Anaccountlinkedwithanotheraccountthathasanoppositenormalbalanceandthatissubtractedfromthebalanceoftherelatedaccountisa(n):AAccruedexpense.BContraaccount.CAccruedrevenue.DIntangibleasset.

OnJune30ofthecurrentcalendaryear,ApricotCo.paid$7,500cashformanagementservicestobeperformedoveratwo-yearperiod.Apricotfollowsapolicyofrecordingallprepaidexpensestoassetaccountsatthetimeofcashpayment.TheadjustingentryonDecember31forApricotwouldinclude:AAdebittoanexpensefor$5,625.BAdebittoaprepaidexpensefor$5,625.CAdebittoanexpensefor$1,875.DAdebittoaprepaidexpensefor$1,875.

OnJune30ApricotCo.paid$7,500cashformanagementservicestobeperformedoveratwo-yearperiod.Apricotfollowsapolicyofrecordingallprepaidexpensestoassetaccountsatthetimeofcashpayment.OnJune30Apricotshouldrecord:AAcredittoanexpensefor$7,500.BAdebittoanexpensefor$7,500.CAdebittoaprepaidexpensefor$7,500.DAcredittoaprepaidexpensefor$7,500.

Ifacompanyfailedtomaketheend-of-periodadjustmenttoremovefromtheUnearnedManagementFeesaccounttheamountofmanagementfeesthatwereearned,thisomissionwouldcause:AAnoverstatementofnetincome.BAnoverstatementofassets.CAnoverstatementofliabilities.DAnoverstatementofequity.Anadjustingentrycouldbemadeforeachofthefollowingexcept:APrepaidexpenses.BDepreciation.COwnerwithdrawals.DUnearnedrevenues.

Revenuesare:AThesameasnetincome.BTheexcessofexpensesoverassets.CResourcesownedorcontrolledbyacompanyDTheincreaseinequityfromacompany’searningactivities.EThecostsofassetsorservicesused.Anothernameforequityis:ANetincome.BExpenses.CNetassets.DRevenue.ENetloss.Apaymenttoanowneriscalleda(n):ALiability.BWithdrawal.CExpense.DContribution.EInvestmenTheassetsofacompanytotal$700,000;theliabilities,$200,000.WhataretheclaimsoftheownersA900,000.B$700,000.C$500,000.D200,000.EItisimpossibletodetermineunlesstheamountofthisowners'investmentisknown.PhotometerCompanypaidoff$30,000ofitsaccountspayableincash.Whatwouldbetheeffectsofthistransactionontheaccountingequation?AAssets,$30,000increase;liabilities,noeffect;equity,$30,000increase.BAssets,$30,000decrease;liabilities,$30,000decrease;equity,noeffect.CAssets,$30,000decrease;liabilities,$30,000increase;equity,noeffect.DAssets,noeffect;liabilities,$30,000decrease;equity,$30,000increase.EAssets,$30,000decrease;liabilities,noeffect;equity$30,000decrease.ZionCompanyhasassetsof$600,000,liabilitiesof$250,000,andequityof$350,000.Itbuysofficeequipmentoncreditfor$75,000.WhatwouldbetheeffectsofthistransactionontheaccountingequationAAssetsincreaseby$75,000andexpensesincreaseby$75,000.BAssetsincreaseby$75,000andexpensesdecreaseby$75,000.CLiabilitiesincreaseby$75,000andexpensesdecreaseby$75,000.DAssetsdecreaseby$75,000andexpensesdecreaseby$75,000.EAssetsincreaseby$75,000andliabilitiesincreaseby$75,000.

Everybusinesstransactionleavestheaccountingequationinbalance.√O(píng)wner'sinvestmentsareincreasesinequityfromacompany'searningsactivities.×Owner’swithdrawalsareexpenses.×Netincomeoccurswhenrevenuesexceedexpenses.√Inadouble-entryaccountingsystem,thetotalamountdebitedmustalwaysequalthetotalamountcredited.√Increasesinliabilityaccount