欢迎来到天天文库
浏览记录
ID:32575405
大小:127.80 KB
页数:14页
时间:2019-02-12
《调整分录和报表习题精选无答案》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库。
1、1. Acompany'sfiscalyearmustcorrespondwiththecalendaryear. 2. Thetimeperiodprincipleassumesthatanorganization'sactivitiescanbedividedintospecifictimeperiods. 3. Interimstatementsreportacompany'sbusinessactivitiesfora1-yearperiod. 4. Afiscalyearreferstoanorganization'saccou
2、ntingperiodthatspanstwelveconsecutivemonthsor52weeks. 5. Adjustingentriesaremadeafterthepreparationoffinancialstatements. 6. Adjustingentriesresultinabettermatchingofrevenuesandexpensesfortheperiod. 7. Twomainaccountingprinciplesusedinaccrualaccountingarematchingandfullcl
3、osure. 8. Adjustingentriesareusedtobringassetorliabilityaccountstotheirproperamountandupdatetherelatedexpenseorrevenueaccount. 9. Thematchingprinciplerequiresthatrevenuenotbeassignedtotheaccountingperiodinwhichitisearned. 10. Therevenuerecognitionprincipleisthebasisformak
4、ingadjustingentriesthatpertaintounearnedandaccruedrevenues. 11. Thecashbasisofaccountingcommonlyresultsinfinancialstatementsthatarenotcomparablefromperiodtoperiod. 12. Underthecashbasisofaccounting,noadjustmentsaremadeforprepaid,unearned,andaccrueditems. 13. Sincethereven
5、uerecognitionprinciplerequiresthatrevenuesbeearned,therearenounearnedrevenuesinaccrualaccounting. 14. Thematchingprinciplerequiresthatexpensesgetrecordedinthesameaccountingperiodastherevenuesthatareearnedasaresultoftheexpenses,notwhencashispaid. 15. Thecashbasisofaccounti
6、ngisanaccountingsysteminwhichrevenuesarereportedwhencashisreceivedandexpensesarereportedwhencashispaid. 1416. Thecashbasisofaccountingrecognizesrevenueswhencashpaymentsfromcustomersarereceived. 17. Theaccrualbasisofaccountingrecognizesrevenueswhencashisreceivedfromcustome
7、rs. 18. Theaccrualbasisofaccountingrecognizedexpenseswhencashispaid. 19. Recordingrevenuesearlyoverstatescurrent-periodincome;recordingrevenueslateunderstatescurrentperiodincome. 20. Recordingexpensesearlyoverstatescurrent-periodincome;recordingexpenseslateunderstatescurr
8、entperiodincome. MultipleChoiceQuestions 69. Thetimeperiodprincipleassumesthatanorganization'sac
此文档下载收益归作者所有