MOOC 基础会计（全英）(广东外语外贸大学)1455463173 最新慕课完整章节测试答案

Quiz for Unit 17

1、单选题：
​When using a perpetual inventory system​
选项：
A: no Purchases account is used.
B: a Cost of Goods Sold account is used.
C: two entries are required to record a sale.
D: all of these.
答案: 【 all of these.】

2、单选题：
‌Merchandising companies that are small and do not use a perpetual inventory system may elect to use:‏
选项：
A: A physical inventory system.
B: A periodic inventory system.
C: An inventory shrinkage method.
D: An inventory subsidiary ledger system.
答案: 【 A periodic inventory system.】

3、单选题：
‌In a perpetual inventory system, recording a sale on account involves debiting which of the following accounts?‌
选项：
A: Only accounts receivable.
B: Accounts receivable and inventory.
C: Accounts receivable and cost of goods sold. 
D: Accounts receivable, cost of goods sold, and inventory. 
答案: 【 Accounts receivable and cost of goods sold. 】

4、单选题：
‎In a perpetual inventory system, recording a sale on account involves crediting which of the following accounts?‎
选项：
A: Only sales. 
B: Sales and inventory.
C: Sales and cost of goods sold. 
D: Sales, inventory, and cost of goods sold. 
答案: 【 Sales and inventory.】

5、单选题：
‏In a periodic inventory system, recording a sale on account involves debiting which of the following accounts?‍
选项：
A: Only accounts receivable. 
B: Accounts receivable and inventory. 
C: Accounts receivable and cost of goods sold. 
D: Accounts receivable, cost of goods sold, and inventory. 
答案: 【 Only accounts receivable. 】

6、判断题：
‎Physical counts of inventory are never done with perpetual inventory systems. ‌
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
‍The main difference between perpetual and periodic inventory systems is the timing of the allocation of costs between inventory and cost of goods sold.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

8、判断题：
‍In a perpetual inventory system, when merchandise is purchased, it is debited to an account called Purchases.‎
选项：
A: 正确
B: 错误
答案: 【 错误】

9、判断题：
‌In a periodic inventory system, the Cost of Goods Sold account may be created during the closing process by debiting Cost of Goods Sold and crediting the Beginning Inventory and the Purchases account.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
‍In a periodic inventory system, understating the amount of ending inventory will cause an understatement of gross profit in the current year. ‎
选项：
A: 正确
B: 错误
答案: 【 正确】

Quiz for Unit 18

1、单选题：
‍Net sales is calculated by:‎
选项：
A: Subtracting cost of sales from sales.
B: Subtracting sales returns and sales discounts from sales.
C: Subtracting sales returns, cost of sales, and sales discounts from sales.
D: Subtracting gross profit from sales.
答案: 【 Subtracting sales returns and sales discounts from sales.】

2、单选题：
​To arrive at net sales:‍
选项：
A: Add sales discounts to sales.
B: Subtract the cost of goods sold from the sales price.
C: Subtract sales returns and sales discounts from sales.
D: Subtract accounts receivable from sales.
答案: 【 Subtract sales returns and sales discounts from sales.】

3、单选题：
‍The Sales Returns and Allowances account is debited when:​
选项：
A: Merchandise is returned to a supplier.
B: Merchandise is returned by a customer.
C: Payment is made to a supplier within the discount period.
D: An account receivable is collected within the discount period.
答案: 【 Merchandise is returned by a customer.】

4、单选题：
‌The total of a single-column sales journal is posted at the end of the month‏
选项：
A: as a debit to the Accounts Receivable account and a credit to the Sales account.
B: to the Sales account, Cash account, and Accounts Receivable account.
C: to the Sales account only.
D: as a debit to the Sales account and a credit to the Accounts Receivable account.
答案: 【 as a debit to the Accounts Receivable account and a credit to the Sales account.】

5、单选题：
‏The controlling account in the general ledger that summarizes the debits and credits to the individual customers’ accounts in the subsidiary ledger is called‍
选项：
A: Accounts Payable.
B: Accounts Receivable.
C: Sales.
D: Purchases.
答案: 【 Accounts Receivable.】

6、判断题：
‍When special journals are used ,the general journal can be ignored​
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
‎The accounts receivable accounts in general ledger and the subsidiary accounts receivable usually have the same account number. ​
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
‎Net Sales is computed as total sales revenue less sales returns and allowances less sales discounts.​
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
‍The contra-revenue accounts, Sales Returns and Allowances and Sales Discounts, should be closed by crediting these accounts and debiting Income Summary for each account. ‌
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
‌Instead of paying for merchandise purchased on account, Olympic Corp. returned this merchandise to the supplier. Olympic should record this transaction by debiting Accounts Payable and crediting Sales Returns and Allowances.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

Quiz for Unit 20

1、单选题：
​Which of the following is not considered an acceptable inventory cost method according to GAAP?‍
选项：
A: First-in, first-out.
B: First-in, last-out.
C: Last-in, first-out.
D: Average cost.
答案: 【 First-in, last-out.】

2、单选题：
‎When prices are increasing, which inventory method will produce the highest cost of goods sold? ​
选项：
A: FIFO.
B: LIFO.
C: Average.
D: Cost of goods sold will not change.
答案: 【 LIFO.】

3、单选题：
​An inventory pricing procedure in which the oldest costs incurred rarely have an effect on the ending inventory valuation is‍
选项：
A: FIFO
B: LIFO.
C: base stock.
D: weighted-average.
答案: 【 FIFO】

4、单选题：
‍At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, acquired at the following dates and unit costs:‌‍Purchased in August: 30 units at $750 per unit.‌‍Purchased in November: 30 units at $700 per unit.‌‍A complete physical inventory taken at year-end indicates only 50 units of this product actually are on hand.‌‍Under the FIFO flow assumption, the cost of these items to be included in inventory in the company's year-end balance sheet is: ‌
选项：
A: $36,000.
B: $36,500.
C: $42,000.
D: $37,500.
答案: 【 $36,000.】

5、单选题：
‏At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, acquired at the following dates and unit costs:‍‏Purchased in August: 30 units at $750 per unit.‍‏Purchased in November: 30 units at $700 per unit.‍‏A complete physical inventory taken at year-end indicates only 50 units of this product actually are on hand.‍‏Under the LIFO flow assumption, the cost of this item to be included as inventory in the company's year-end balance sheet is:‍‏‍
选项：
A:  $36,000.
B: $42,000.
C: $36,500.
D: $37,500.
答案: 【 $36,500.】

6、判断题：
‏An advantage to the LIFO method of accounting for inventory is that it values the cost of goods sold at current replacement costs.‏
选项：
A: 正确
B: 错误
答案: 【 正确】

7、判断题：
‎During periods of inflation, the LIFO cost flow assumption will yield a lower inventory value than FIFO.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

8、判断题：
‎The cost flow assumption selected by a company must correspond to the actual physical movement of the company's merchandise.‎
选项：
A: 正确
B: 错误
答案: 【 错误】

9、判断题：
‎The LIFO conformity rule requires that if a company uses LIFO for tax purposes, it must also use LIFO for financial accounting purposes.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
‍The choice of cost flow assumption (FIFO, LIFO, or average) does not depend on the actual physical flow of the product.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

Quiz for Units 19 and 21

1、单选题：
‏In posting from the purchases journal to the subsidiary ledger, an employee posts a purchase of 990 yuan as 909 yuan. He should become aware that an error has occurred‍
选项：
A: when the general ledger trial balance is taken.
B: when the purchases journal is totaled.
C: when the subsidiary ledger is reconciled with the controlling account.
D: when the controlling account is posted.
答案: 【 when the subsidiary ledger is reconciled with the controlling account.】

2、单选题：
​Roy Co. records purchases net of all available purchase discounts. If the company makes payment after the discount has expired, the entry to record the payment should include a: ​
选项：
A: Debit to Purchase Discounts Lost.
B: Credit to Purchase Discounts Lost.
C: Debit to Sales Discounts.
D: Credit to Sales Discounts.
答案: 【 Debit to Purchase Discounts Lost.】

3、单选题：
‍All of the following accounts normally have debit balances except: ‏
选项：
A: Purchases.
B: Sales Discount.
C: Sales Returns & Allowances.
D: Purchase Returns & Allowances.
答案: 【 Purchase Returns & Allowances.】

4、单选题：
‏The purchases accounts that normally have a credit balance are:‎
选项：
A: Purchase Returns and Allowance
B: Purchase Discounts
C: Purchase
D: Both (a) and (b)
答案: 【 Both (a) and (b)】

5、单选题：
‎Goods costing $2,000 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18 a $200 credit memo is received from the supplier for damaged goods.  What is the payment on July 24 ? ​
选项：
A: $1800
B: $1980
C: $1764
D: $2000
答案: 【 $1764】

6、判断题：
‍All cash sales of a merchandising business are recorded in the cash payments journal.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
​The cash receipts journal cannot be used to record the sale of a plant asset for cash.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
‍The cash payments journal cannot be used to record purchases on account.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
‏Purchase Discounts Lost is shown as a reduction of cost of goods sold in the income statement. ‌
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
‍Freight cost should be classified as a direct offset to sale, not as an expense.‎
选项：
A: 正确
B: 错误
答案: 【 错误】

11、判断题：
‏The cash discount is regarded as a purchases discount for the buyer.‍
选项：
A: 正确
B: 错误
答案: 【 正确】

12、判断题：
​The purchases returns and allowances account usually has a debit balance.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

Quiz for Unit 29

1、单选题：
‌Which of the following is not a characteristic of a partnership?‌
选项：
A: Each partner has authority to bind the partnership to contracts. 
B: Each partner's liability is limited to the amount of he or she invested. 
C: Ease  of formation. 
D: Each partner must pay personal income taxes on his or her share of partnership net income. 
答案: 【 Each partner's liability is limited to the amount of he or she invested. 】

2、单选题：
‏Each partner of a partnership may be held personally liable for:‌
选项：
A: business debts equal to the balance of that partner's capital account. 
B: Only the amount that the partner orginally invested in the business. 
C: all debts of the business. 
D: all debts of the business and all personal debts of the other partners. 
答案: 【 all debts of the business. 】

3、单选题：
‍For which form(s) of organization is a business considered a legal entity separate from its owners?‌
选项：
A: Business organized as a sole proprietorship. 
B: Business organized as a partnership. 
C: Business organized as a corporation. 
D: In each of the above situations, the business is a legal entity separate from its owner(s). 
答案: 【 Business organized as a corporation. 】

4、单选题：
‏Stockholders' equity is generally classified into two major categories:​
选项：
A: contributed capital and appropriated capital.
B: appropriated capital and retained earnings.
C: retained earnings and unappropriated capital.
D: paid-in capital and retained earnings. 
答案: 【 paid-in capital and retained earnings. 】

5、单选题：
​D corporation has $100,000 of capital stock and $36,000 of retained earnings at the beginning of 2019. During the year, it incurred losses totaling $30,000. What is the balance of stockholders' equity for the year ended December 31, 2019?‌
选项：
A: $106,000
B: $136,000 
C: $130,000
D: $70,000
答案: 【 $106,000】

6、单选题：
‍Which of the following is not a major advantage of a corporation?‍
选项：
A: separate legal existence
B:  continuous life
C: limited liabilities for stockholders
D: double taxation
答案: 【 double taxation】

7、判断题：
‎A corporation is a legal entity separate from its owners; it may sue and be sued, but it may not own property in its own name.​
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
‎A corporation continues in existence even if a stockholder dies or withdraws from the organization.‍
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
‏Stockholders of a corporation are personally liable for the debts of the corporation if all shares of stock are owned by the officers of the corporation.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
‍The owner of a sole proprietorship is personally liable for the debts of the business, wheras the stockholders of a corporation are not personally  liable for the debts of the business. ‎
选项：
A: 正确
B: 错误
答案: 【 正确】

11、判断题：
‎The term sole proprietorship is used to describe a corporation in which all the capital stock is owned by one person. ‎
选项：
A: 正确
B: 错误
答案: 【 错误】

12、判断题：
‌A partnership may be created merely by two or more persons agreeing to act as partners. ‍
选项：
A: 正确
B: 错误
答案: 【 正确】

13、判断题：
​In a limited partnership, the liability of every partner is limited to the amount that he or she has invested in the business. ‏
选项：
A: 正确
B: 错误
答案: 【 错误】

Quiz for Unit 30

1、单选题：
‌In a corporate form of business organization, legal capital is best defined as‏
选项：
A: the amount of capital the state of incorporation allows the company to accumulate over its existence.
B: the par value of all capital stock issued.
C: the amount of capital the federal government allows a corporation to generate.
D: the total capital raised by a corporation within the limits set by the Securities and Exchange Commission.
答案: 【 the par value of all capital stock issued.】

2、单选题：
‌Which of the following represents the total number of shares that a corporation may issue under the terms of its charter?​
选项：
A: authorized shares
B: issued shares
C: unissued shares
D: outstanding shares
答案: 【 authorized shares】

3、单选题：
‌Stock that has a fixed per-share amount printed on each stock certificate is called‏
选项：
A: stated value stock.
B: fixed value stock.
C: uniform value stock.
D: par value stock.
答案: 【 par value stock.】

4、单选题：
‏Hongfa Corporation has 50,000 shares of ￥10 par common stock authorized. The following transactions took place during 2018, the first year of the corporation's existence:‌‏Sold 5,000 shares of common stock for ￥18 per share.‌‏Issued 5,000 shares of common stock in exchange for a patent valued at ￥100,000.‌‏At the end of the Hongfa' s first year, total paid-in capital amounted to‌‏‌
选项：
A: ￥40,000.
B: ￥90,000.
C: ￥100,000.
D: ￥190,000.
答案: 【 ￥190,000.】

5、单选题：
‏ Century Corporation issued 400,000 shares of ￥4 par value common stock at the time of its incorporation. The stock was issued for cash at a price of ￥16 per share. During the first year of operations, the company sustained a net loss of ￥100,000. The year-end balance sheet would show the balance of the Common Stock account to be: ‎
选项：
A: ￥1,600,000.
B: ￥1,500,000.
C: ￥6,300,000.
D: ￥6,400,000.
答案: 【 ￥1,600,000.】

6、单选题：
‌Hengfa Corp. has total stockholders' equity of ￥7,400,000. The company's outstanding capital stock includes 100,000 shares of ￥10 par value common stock and 20,000 shares of 6%, ￥100 par value preferred stock. (No dividends are in arrears.) The book value per share of common stock is:‌
选项：
A: ￥39.
B: ￥49.
C: ￥54.
D:  ￥74.
答案: 【 ￥54.】

7、单选题：
‌Li's Corporation has net assets of $2,072,000 and paid-in capital of $700,000. The only stock issue consists of 74,000 outstanding shares of common stock. From this information, it can be deduced that the company has: ‏
选项：
A: Retained earnings of $2,072,000.
B: A deficit of $2,072,000.
C: A book value of $9.46 per share of common stock.
D: A book value of $28 per share of common stock.
答案: 【 A book value of $28 per share of common stock.】

8、判断题：
‍True no-par stock should be carried in the accounts at issue price without any additional paid-in capital reported.‏
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
‌Companies should record stock issued for services or noncash property at either the fair value of the stock issued or the fair value of the consideration received.​
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
‎The retained earnings are a subdivision of paid-in capital.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

11、判断题：
‎The number of shares a corporation may issue is specified in the articles of incorporation. ​
选项：
A: 正确
B: 错误
答案: 【 正确】

12、判断题：
‍When a state authorizes the sale of stock to stockholders, the corporation will credit Retained Earnings for the par value of the stock.​
选项：
A: 正确
B: 错误
答案: 【 错误】

13、判断题：
​The par value of a stock is the minimum amount of capital of the corporation existing for the protection of creditors.‏
选项：
A: 正确
B: 错误
答案: 【 正确】

Quiz for Unit 10

1、单选题：
‏The purpose of adjusting entries is to:​
选项：
A: Adjust the Retained Earnings account for the revenue,expense, and dividends recorded during the accountingperiod.
B: Adjust daily the balances in asset, liability, revenue,and expense accounts for the effects of businesstransactions.
C: Apply the realization principle and the matching prin-ciple to transactions affecting two or more accountingperiods.
D: Prepare revenue and expense accounts for recording thetransactions of the next accounting period.
答案: 【 Prepare revenue and expense accounts for recording thetransactions of the next accounting period.】

2、单选题：
‎The company adjusts it acounts every month. The total revenue for the month is $5000, among which $2000 is received in the current month, and $3000 will be received next month. What is the total revenue for the current month.​
选项：
A: $3,000
B: $2,000
C: $5,000
D: none of the above
答案: 【 $5,000】

3、单选题：
‌ The company ajusts it acounts every month. The total rent  revenue for the month is $5000, among which $2000 is received in the current month, and $3000 is received in next month. What is the total rent revenue for the next month.‎
选项：
A: 2000
B: 3000
C: 0
D: none of the above
答案: 【 0】

4、单选题：
‎The adjusting entry to recognize an unrecorded revenue is necessary:‌
选项：
A: When an revenue is received in advance.
B: When a revenue has been neither received nor recorded as of the end of the accounting period.
C: Whenever a revenue remains unreceived at the end of an accounting period.
D: Because the accountant is likely to forget to pay these unrecorded revenue
答案: 【 When a revenue has been neither received nor recorded as of the end of the accounting period.】

5、单选题：
‍Before any month-end adjustments are made, the net income of ABC company is $125,000.  However, the following adjustment is necessary:  interest accrued on note receivable is  $3,400.  After adjusting entries are made for the items listed above, Gannett companys net income‍
选项：
A: 128400
B: 121600
C: 125000
D: 126100
答案: 【 128400】

6、单选题：
‎Before any month-end adjustments are made, the net income of Friendly Company is $125,000.  However, the following adjustments are necessary: interest accrued on note receivable is $3,400, service rendered but not recorded is $1000.After adjusting entries are made for the items listed above, Gannett company’s net income is:‎
选项：
A: 129,400
B: 125,000
C: 120,600
D: 128,400
答案: 【 129,400】

7、判断题：
‍A company needs to accrue all its revenue at the end of every month‎
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
‍The accrue revenue won't influence the net income.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

9、判断题：
‏The accrue revenue is for those transation with timing difference of cash payment incurs before the revenue happening‌
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
‎One of the differences between adjusting entry and normal entry is that there is no need of vouchers when adjustment is prepared.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

Quiz for Unit 11

1、单选题：
‎Of the following adjusting entries, which one results in an increase in liabilities and the recognition of an expense at the end of an accounting period?‌
选项：
A: The entry to accrue salaries owed to employees at the end of the period.
B: The entry to record revenue earned but not yet collected or recorded.
C: The entry to record earned portion of rent previously received in advance from a tenant.
D: The entry to write off a portion of unexpired insurance.
答案: 【 The entry to accrue salaries owed to employees at the end of the period.】

2、单选题：
The company ajusts it acounts every month. The total salary expense for the month is $12,000, among which $2000 is paid in the current month, and $10,000 is paid in next month. What is the total salary expense for the current month.​‌​
选项：
A: 10000
B: 2000
C: 12,000
D: None of the above
答案: 【 12,000】

3、单选题：
‌ The company adjusts it accounts every month. The total utility expense for the month is $8000, among which $3000 is paid in the current month, and $5000 is paid in next month. How does the utility expense influence the net income?‏
选项：
A: It increases the net income by $3000
B: It decreases the net income by $3000
C: It decreases the net income by $8000
D: It increases the net income by $8000
答案: 【 It decreases the net income by $8000】

4、单选题：
‍The adjusting entry to recognize an unrecorded expense is necessary:​
选项：
A: When an expense is paid in advance.
B: When an expense has been neither paid nor recorded as of the end of the accounting period.
C: Whenever an expense remains unpaid at the end of an accounting period.
D: Because the accountant is likely to forget to pay these unrecorded expenses.
答案: 【 When an expense has been neither paid nor recorded as of the end of the accounting period.】

5、单选题：
‏Before any month-end adjustments are made, the net income of ABC company is $250,000.  However, the following adjustment is necessary:  interest accrued on note payable to bank, $6,800.  After adjusting entries are made for the items listed above, Gannett companys net income is:‏
选项：
A: 250,000
B: 256,800
C: 243,200
D: none of the above
答案: 【 243,200】

6、单选题：
​Before any month-end adjustments are made, the net income of ABC Company is $250,000.  However, the following adjustments are necessary: interest accrued on note payable to bank, $6,800, salary owed to the employees is $2000. After adjusting entries are made for the items listed above, Gannett company’s net income is:‌​‌
选项：
A: 243,200
B: 241,200
C: 248,000
D: none of the above
答案: 【 241,200】

7、判断题：
‍Accruing is not needed for the salary owed to the employees who provide the services to the firm for the current period. ​
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
‎The net income won't be influenced by the accrual of interest.​‎​
选项：
A: 正确
B: 错误
答案: 【 错误】

9、判断题：
‍Under cash basis, no accrual is needed for the adjustment.‍‍‍
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
‎Voucher is not needed for the adjusting entry.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

Quiz for Unit 9

1、单选题：
‎An elevator company signs the contract with its client on Feb.10th, delivers the elevator to its client on April 10th, and receives the payment from its client on May 4th. The Revenue of the elevator under cash basis should be recognized in‏
选项：
A: the month of  May
B: the month of February
C: the month of April
D: the month of December
答案: 【 the month of  May】

2、单选题：
​An elevator company signs the contract with its client on Feb.10, delivers the elevator to its client on April 10th, and receives the payment from its client on May 4th. The Revenue of the elevator under accrual  basis should be recognized in‎
选项：
A: the month of February
B: the month of April
C: the month of May
D: the month of December
答案: 【 the month of April】

3、判断题：
‍There are altogether 8 steps in an accounting cycle.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

4、判断题：
‎The accounting cycle ends with preparing financial statements.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

5、判断题：
​Revenue recognition principle is the core concept under cash basis accounting.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

6、判断题：
‌A manufacturer adjusts its accounts at the end of each month. The revenue incurs on the last day of December, and the unbilled revenue amounts  to $64,000. This case belongs to one type of timing difference, that is cash happens before the time that revenue needs to be recognized.‏‌‏
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
​A firm adjusts its accounts at the end of each month. A bank loan had been obtained on December 1. Accrued interest on the loan at December 31 amounts to $1,200. No interest expense has yet been recorded. This case falls into the timing difference of expense comes first, followed with the cash payment.‍​‍
选项：
A: 正确
B: 错误
答案: 【 正确】

8、判断题：
‍Under accrual basis, no adjustment is needed for the transaction with timing differences.​
选项：
A: 正确
B: 错误
答案: 【 错误】

9、判断题：
‍Under cash basis, no adjustment is needed for the transaction with timing differences.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
​Ajustment for the timing difference should be made at the end of each month for each company.​
选项：
A: 正确
B: 错误
答案: 【 错误】

Quiz for Unit 5

1、单选题：
‌The accounting cycle begins with :‏
选项：
A: Journalizing the business transactions
B: Preparation of a trial balance.
C: Posting of journal entries to ledger accounts
D: Foundation of a business
答案: 【 Journalizing the business transactions】

2、单选题：
‏ A separate "account" is maintained In the general ledger, which is set for:‍
选项：
A: Each specific elements of asset ,liability and owners' equity
B: Every business transaction
C: Each Business day
D: Each Journal entry
答案: 【 Each specific elements of asset ,liability and owners' equity】

3、单选题：
‌Steps in the accounting cycle include (1) prepare trial balance, (2) post each journal entry to the appropriate ledger account, and  (3) journalize transactions. Which of the following reflects the correct order of these steps? ‍
选项：
A: (2), (1), (3)
B: (1), (2), (3)
C: (3), (1), (2)
D: (3), (2), (1)
答案: 【 (3), (2), (1)】

4、单选题：
‏Which of the following is not a step in the accounting cycle?​
选项：
A: Journalizing the transactions
B: Preparing a sale order
C: Posting of journal entries to ledger accounts
D: Preparing a trial balance
答案: 【 Preparing a sale order】

5、判断题：
‌The Ledger is a chronological, day-by-day, record of business transactions. ​
选项：
A: 正确
B: 错误
答案: 【 错误】

6、判断题：
​Journals are updated first, and then transactions are posted into the ledger. ‌
选项：
A: 正确
B: 错误
答案: 【 正确】

7、判断题：
​Posting is a process that Ledger accounts are updated ‎
选项：
A: 正确
B: 错误
答案: 【 正确】

8、判断题：
‏Only the balance sheet accounts are included on a trial balance includes, income statement accounts are not included on a trial balance. ‌
选项：
A: 正确
B: 错误
答案: 【 错误】

9、判断题：
‌A trial balance provides proof that all transactions were correctly posted to the ledger. ‍
选项：
A: 正确
B: 错误
答案: 【 正确】

10、判断题：
‎When recording a journal entry, assets accounts are shown first, followed by liabilities accounts, and finally owners' equity accounts. ​
选项：
A: 正确
B: 错误
答案: 【 错误】

Quiz for Unit 6

1、单选题：
‏Which of the following is not one of the criteria that normally must be met for revenue to be recognized according to the revenue recognition principle ?‏
选项：
A: Cash has been collected.
B:  Services have been provided
C: Goods have been delivered to customer.
D: The amount the seller expects to receive is determinable.
答案: 【 Cash has been collected.】

2、单选题：
‌When revenues exceed expenses in a given period‍
选项：
A: Owners' equity are not impacted
B: Owners' equity are decreased.
C: Owners' equity are increased.
D: One cannot determine the