中山大学：《基础会计学》英文版 Lesson 3 Analyzing and Recording Accounting Transactions Self-Test

Task Team of FUNdaMENTAL aCCOUNtIng School of Business. Sun Yat-sen University L 3 Analyzing and recording Accounting Transactions Multiple choices 1. The term credit means. a. to increase B. to decrease C. the left side of an account D. the right side of an account 2. Which of the following is a group of accounts in that all normally have a debit balance? A. Cash, Mortgage payable, and Inventory B. Land, Cost of goods sold, and Paid-in capital C. Accounts receivable, Salaries expense, and Dividends D. Prepaid rent, Building, and Notes payable 3. Source documents are A. supporting original records of financial transactions B. journal entries the left side of an account 4. Which of the following entries would be used to record the sale of services for cash? cash XXX accounts payable cas service revenue XXX Accounts receivable 5. The following journal entry should be posted as accounts payable A. a debit to accounts payable and a credit to supplies B. a debit to accounts payable and a debit to supplies C. a credit to accounts payable and a credit to supplies D. a credit to accounts payable and a debit to supplies. 6. Revenue accounts are increased by credits B. only when they have a debit balance C. only when they have a credit balance

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 3 Analyzing and Recording Accounting Transactions Self-Test Multiple Choices 1. The term credit means: A. to increase. B. to decrease. C. the left side of an account. D. the right side of an account. 2. Which of the following is a group of accounts in that all normally have a debit balance? A. Cash, Mortgage payable, and Inventory B. Land, Cost of goods sold, and Paid-in capital C. Accounts receivable, Salaries expense, and Dividends D. Prepaid rent, Building, and Notes payable 3. Source documents are: A. supporting original records of financial transactions. B. journal entries. C. ledger accounts. D. increases on the left side of an account. 4. Which of the following entries would be used to record the sale of services for cash? A. sales xxx cash xxx B. cash xxx accounts payable xxx C. cash xxx service revenue xxx D. sales xxx accounts receivable xxx 5. The following journal entry should be posted as supplies xxx accounts payable xxx A. a debit to accounts payable and a credit to supplies. B. a debit to accounts payable and a debit to supplies. C. a credit to accounts payable and a credit to supplies. D. a credit to accounts payable and a debit to supplies. 6. Revenue accounts are increased by credits: A. always. B. only when they have a debit balance. C. only when they have a credit balance

Task Team of FUNdaMENTAL aCCOUNtIng School of Business. Sun Yat-sen University 7. The trial balance makes sure that B. each account has the appropriate dollar amount balance C. the debits equal the credits in the journal D. the debits equal the credits in the ledger E. none of the above 8. Credit means A. Increase B. De C. Left D. Right 9. Asset accounts are increased with A. Debits B. Credits General ledgers D. Journal

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University D. never. 7. The trial balance makes sure that: A. the proper accounts are affected. B. each account has the appropriate dollar amount balance. C. the debits equal the credits in the journal. D. the debits equal the credits in the ledger. E. none of the above. 8. Credit means A. Increase B. Decrease C. Left D. Right 9. Asset accounts are increased with A. Debits B. Credits C. General ledgers D. Journals