有关会计英语的题目,希望得到大家的指教.
Selectthebestanswerforeachofthefollowingquestionsoruncompletedsentences.
1.InFranCo.,endinginventoryisunderstatedby$4000,theeffectsofthiserroronthecurrentyear’scostofgoodssoldandnetincomerespectivelyare______
A.understated,overstated;
B.overstated,understated
C.overstated,overstated
D.understated,understated
2.Thetimeperiodforclassifyingaliabilityascurrentiswithinoneyearortheoperatingcyclewhicheveris____
a.longer
b.shorter
c.possible
3.ABCCo.borrows$88,500onSeptember1,2000fromtheBankbysigningan$88,500,6%note,dueSept.1,2001.WhatistheaccruedinterestonDecember31,2000?
a.$1,760
b.$1,770
c.$1,328
d.$5,310
4.Salestotal$440,000,CostofGoodsSoldis$210,000,andoperatingexpensesare$160,000.HowmuchisGrossMargin?
a.$440,000
b.$210,000
c.$230,000
d.$70,000
5.Whichofthefollowingisnotanaccount?
a.salesrevenue
b.inventory
c.netsales
d.suppliesexpense
6.()isthebasisforrecordingexpenses.
a.Revenueprinciple
b.Matchingprinciple
c.Timeperiodconcept
d.theaccountingperiod
7.()isacategoryofmiscellaneousassetsthattypicallyexpireorareusedupinthenearfuture
a.Prepaidexpense
b.AccruedExpense
c.Depreciationexpense
d.RentExpense
8.Whichofthefollowingaccountsisacontraaccount?
a.Fixedassets
b.PrepaidExpenses
c.AccumulatedDepreciation
d.SalesRevenue
True-False
1)Whenspecialjournalsareused,themorethetransactionsthatareinvolved,thegreaterthesavingsinpostingtime.
2)Declarationofdividendsreducestheretainedearningsportionoftheowners’equityofthecorporationandcreatesaliabilitycalledDividendsPayable.
3)Financialpositioncanbestbedeterminedbyreferringtotheincomestatement.
4)Thenetincomefo
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