第十章
The ___ principle means that we can express transactions and events in monetary units.（ ）
答案:monetary unitAssets accounts normally have debit balances. These accounts increase on the ___ side and decrease on the ___ side.( )
答案:debit credit
Financial statement does not include ( ).
答案:working sheet
Listed below are some characteristics of financial information.(1) True (2) Prudence (3) Completeness (4) CorrectWhich of these characteristics contribute to reliability? ( )
答案:(1), (3) and (4) only
Which of the following is not an asset?( )
答案:Accruals and other provisions
Company ABC paid $18000 at the beginning of year 2006 in cash for office rental from Jan. 2006 to June 2007, how much of the rental should be booked as cost for year 2006?( )
答案:$12000
Accounting is a set of concepts and techniques that are used to measure and report financial information about a legal entity. ( )
答案:错
When a company received $1.000 cash from its client, the company’s cash is increased; to record this increase, debit Cash. ( )
答案:对
Balance sheet is a status report. ( )
答案:对
Net sales equal sales minus sales returns and sales discount. ( )
答案:错
