Chapter 2 Practice Materials

《Chapter 2 Practice Materials》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Chapter2—AnalyzingTransactionsF83Chapter2—AnalyzingTransactionsMULTIPLECHOICE1.Accountsa.donotreflectmoneyamountsb.arenotusedbyentitiesthatmanufactureproductsc.arerecordsofincreasesanddecreasesinindividualfinancialstatementitemsd.areonlyusedbylargeentitieswithmanytransactionsANS:CDIF:EasyOBJ:02-01N

2、AT:AACSBAnalytic

3、AICPAFN-Measurement2.Agroupofrelatedaccountsthatcompriseacompleteunitiscalledaa.journalb.liabilityc.ledgerd.transactionANS:CDIF:EasyOBJ:02-01NAT:AACSBAnalytic

4、AICPAFN-Measurement3.Accountsareclassifiedintheledgera.chronologicallyb.alphabeticallyc.inaccordancewiththeirappearanceinth

5、efinancialstatementsd.sothataccountsusedmostoftenarelistedfirstANS:CDIF:ModerateOBJ:02-01NAT:AACSBAnalytic

6、AICPAFN-Measurement4.Revenueshouldberecognizedwhena.cashisreceivedb.theserviceisperformedc.thecustomerplacesanorderd.thecustomerchargesanorderANS:BDIF:ModerateOBJ:02-01NAT:AACSBAnalytic

7、AICPAF

8、N-Measurement5.Whichofthefollowingaccountsisanowner'sequityaccount?a.Cashb.AccountsPayablec.PrepaidInsuranced.JuliaDavis,CapitalANS:DDIF:EasyOBJ:02-01NAT:AACSBAnalytic

9、AICPAFN-MeasurementChapter2—AnalyzingTransactionsF836.Thegrossincreasesinowner'sequityattributabletobusinessactivitiesarecalleda.as

10、setsb.liabilitiesc.revenuesd.netincomeANS:CDIF:EasyOBJ:02-01NAT:AACSBAnalytic

11、AICPAFN-Measurement7.Achartofaccountsisa.thesameasabalancesheetb.usuallyalistingofaccountsinalphabeticalorderc.usuallyalistingofaccountsinfinancialstatementorderd.usedinplaceofaledgerANS:CDIF:ModerateOBJ:02-01NAT:AACSBAna

12、lytic

13、AICPAFN-Measurement8.Thedebitsideofanaccounta.dependsonwhethertheaccountisanasset,liabilityorowner'sequityb.canbeeithersideoftheaccountdependingonhowtheaccountantsetupthesystemc.istherightsideoftheaccountd.istheleftsideoftheaccountANS:DDIF:ModerateOBJ:02-01NAT:AACSBAnalytic

14、AICPAFN-Measuremen

15、t9.Anaccountissaidtohaveadebitbalanceifa.theamountofthedebitsexceedstheamountofthecreditsb.therearemoreentriesonthedebitsidethanonthecreditsidec.itsnormalbalanceisdebitwithoutregardtotheamountsornumberofent