financial accounting答案2023秋

第二章测试

1.The journal is:（ ）。
A:Not necessary to record transactions.
B:A chronological record of transactions.
C:A listing of all open accounts and their balances.
D:A listing of all accounts used to record the business transactions.

答案:B
2.Which of the following accounts is decreased with a debit?（ ）。
A:Accounts Payable
B:Equipment
C:Cash
D:Payroll Expense
3.Which of the following accounts is decreased with a credit?（ ）。
A:Service Revenue
B:Rent Revenue
C:Accounts Receivable
D:Accounts Payable
4.The XYZ Company received $1,000 for a customer on account. The entry to record this transaction is:（ ）。
A:
B:
C:
D:
5.

The ledger is:（ ）。

A:A grouping of all T-accounts, with their balances.
B:Always expected to have a debit balance.
C:An event that has an economic impact on the business.
D:other  three choices are not true. 6.

A trial balance:（ ）。

A:other  three choices are not true. B:Mandates that the dollar sum of the debits equal that of the credits for each transaction.
C:Requires that every transaction affect at least two accounts.
D:Lists all accounts with their balances.
7.When a company sells merchandise, but the customer does not pay it immediately, it should:（ ）。
A:Debit Accounts Receivable.
B:Credit Accounts Receivable.
C:Credit Accounts Payable.
D:Make no entry.
8.An expense:（ ）。
A:Has the same normal balance as liabilities.
B:Is the decrease in liabilities as a result of providing goods or services.
C:Is the decrease in stockholders’ equity as a result of providing goods or services.
D:Is the increase in stockholders’ equity as a result of providing goods or services.
9.Each of the following is revenue except:（ ）。
A:Service Revenue
B:Legal Fees Earned
C:Dividends
D:Sales Revenue
10.In analyzing a transaction using the accounting equation, which account is included in the Stockholders’ Equity section?（ ）。
A:Revenue
B:Accounts Receivable
C:Cash
D:Accounts Payable