第三章单元测试
- Which of the following is a current liability?（ ）。
A deferral is:（ ）。
- Which account needs an adjustment at the end of the period?（ ）。
- The supplies account has a $3,000 beginning balance. Supplies in the amount of $5,000 were purchased during the accounting period. An ending inventory revealed a $1,200 balance of supplies on hand. The entry to adjust the account accordingly is:（ ）。
- What is the account classification and normal balance of Prepaid Rent?（ ）。
- The company receives 36000 for a legal service of six-months in advance on October 1, 2014. What is the entry for the prepayment on October 1, 2014?（ ）。
- Refer to Question 6. What is the entry to make the necessary adjustment on December 31, 2014?（ ）。
- Which asset does not depreciate?（ ）。
- Which of the following is not a temporary account?（ ）。
In adhering to the expense recognition principle:（ ）。
A:Furniture and Fixtures
B:Equipment
C:Accounts Payable
D:Inventory
答案:Accounts Payable
A:an adjustment for receipt of cash in advance
B:an adjustment for payment of an item in advance
C:other three choices are not true. D:both an adjustment for payment of an item in advance and an adjustment for receipt of cash in advance.
A:Land
B:Supplies
C:Cash
D:Accounts Payable
A:
B:
C:
D:
A:Asset, debit
B:Contra asset, debit
C:Contra asset, credit
D:Asset, credit
A:
B:
C:
D:
A:
B:
C:
D:
A:Furniture
B:Equipment
C:Land
D:Buildings
A:Dividends
B:Expense
C:Revenue
D:Common Stock
A:both expenses are recorded in the period they are actually used and current expenses are subtracted from the current revenue to determine net income are true. B:expenses are recorded in the period they are actually used.
C:current expenses are subtracted from the current revenue to determine net income.
D:expenses are recognized when cash is paid.
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