初级财务会计（英）(西南财经大学) 中国大学mooc答案满分完整版章节测试

硅灭吝剑拎彤辈蕉汞尘蛾矩亲

Chapter 1 Introduction to Accounting Chapter 1 Quiz

1、 External users of accounting information include all of the following except:

答案: Marketing managers.

2、 The group that sets preferred accounting practices in the global economy is called the:

答案: IASB.

3、 The accounting principle that requires accounting numbers to be based on actual costs is the:

答案: Measurement (Cost) principle.

4、 The assumption that states any business needs to be accounted for separately from other business entities, including its owner or owners is:

答案: Business entity assumption.

5、 If a company is considering the purchase of an equipment that was acquired by the seller for $15,000, is offered for sale at $50,000, is considered by the purchaser as easily being worth $25,000, and is purchased for $23,000, the land should be recorded in the purchaser’s books at:

答案: $23,000.

6、 Accounting aims to produce relevant, reliable, and comparable information about an organization’s business activities.

答案: 正确

7、 External users of accounting information usually have more information about the organization than internal users.

答案: 错误

8、 The business entity assumption means that a business is accounted for separately from other business entities.

答案: 正确

9、 Revenues should be recognized when cash is received.

答案: 错误

10、 The expense recognition principle means that a company recognize the expense in the period in which the related revenues are generated.

答案: 正确

Chapter 2 Bookkeeping Chapter 2 Quiz

1、 The accounting process begins with:

答案: Analyzing business transactions and source documents.

2、 Which of the following is used to record the owner’s investments in a business

答案: Capital account.

3、 Which of the following is NOT an asset account:

答案: Services Revenue

4、 Which of the following is NOT a liability account:

答案: Utility Expenses

5、 Which of the following is correct about a credit

答案: Is the right-hand side of a T-account.

6、 Owner withdrawals by the owner are expenses.

答案: 错误

7、 The purchase of land and machines will generally be recorded in the same ledger account.

答案: 错误

8、 Revenues increase equity.

答案: 正确

9、 Owner investments decrease equity.

答案: 错误

10、 A debit entry always decreases an account.

答案: 错误

Chapter 3 Accrual Basis Accounting Chapter 3 Quiz

1、 The accounting principle that requires revenue to be recorded when earned is the:

答案: Revenue recognition principle.

2、 Adjusting entries:

答案: Affect both income statement and statement of financial position accounts.

3、 The system of preparing financial statements based on recognizing revenues when the cash is received and recognizing expenses when the cash is paid is called:

答案: Cash basis accounting.

4、 Adjusting entries could be prepared for each of the following except:

答案: Owner withdrawals.

5、 Unearned revenue is reported as:

答案: A liability on the statement of financial position.

6、 Adjusting entries lead to a better matching of revenues and expenses for the period.

答案: 正确

7、 Adjusting entries are made after the preparation of financial statements.

答案: 错误

8、 Two main accounting principles used in accrual accounting are matching principle and fulldisclosure principle.

答案: 错误

9、 The matching principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

答案: 正确

10、 Adjusting entries are made primarily to correct accounting errors .

答案: 错误

Chapter 4 Financial Statements Chapter 4 Quiz

1、 Which of the following statements about temporary account is not correct:

答案: Revenue and owner’s capital account are examples of temporary accounts.

2、 Sophia Sun, the owner of a proprietary company Sophia Laundry Service, withdrew $12,000 from the business during the current year. The closing entry for the withdrawals account at the end of the year is:

答案: Debit Sophia Sun, Capital $12,000; credit Sophia Sun, Withdrawals $12,000.

3、 The following information is available for the Danhuang Pet Service. After the closing process, what will be the balance in the Lancy Awn, Capital accountTotal revenues…………………… $200,000Total expenses……………………80,000Lancy Awn, Capital………………100,000Lancy Awn, Withdrawals………10,000

答案: 210,000

4、 Which of the following is the purpose of using income summary account:

答案: To close the revenue and expense accounts.

5、 Which of the following indicates that an error must occurred in the preparation and/or posting of closing entries

答案: The owner’s capital account is debited for the amount of net profit for the period.