西方会计,单选题
()16.Whichofthefollowingstatementsaboutaccountingproceduresisnotcorrect?____a.Thejournalshowsinoneplacealltheinformationaboutspecifictransactions,arrangedinchronologicalorder
b.Aledgeraccountshowsinoneplacealltheinformationaboutchangesinaspecificassetor
liability,orinowner’sequity
c.Postingistheprocessoftransferringdebitandcreditchangesinaccountbalancesfromtheledgertothejournal
d.Theendoftheaccountingcycleconsistsofformalfinancialstatements,suchasthebalancesheetandtheincomestatement
()17.OnMarch31,theledgerforM.HouseCleaningServiceconsistsofthefollowing:
CleaningEquipment$1,780AccountsReceivable$2,100
AccountsPayable1,570Cash690
M.P,Capital3,500SalariesPayable960
OfficeEquipment1,200CleaningSupplies260
InatrialbalancepreparedonMarch31,thetotalofthecreditcolumnis_____.
a.$6,030b.$2,530
c.$9,530d.$8,560
()18.TheaccountingrecordsofFabricOutletincludethefollowingforJanuary:
Sales$326,000TransportationIn$2,000
Purchases260,000PurchaseReturns9,000
SalesDiscounts6,000
AphysicalcountdeterminedthecostofinventoryonhandatJanuary31tobe$34,000.Ifgrossprofitamountsto25%ofnetsales,computethebeginninginventoryatJanuary1.
a.$25,500b.$19,500
c.$47,000d.$21,000