tyut专外复习提纲 完整版.docVIP

专外复习大纲 一、For each of the following, circle the T or the F to indicate whether the statement is true or false. T F 1. External users of accounting information have a financial interest in an entity but are not involved with the day-to-day operations of the enterprise. Answer: True T F 2. Investors are individuals and other enterprises that have provided credit to the reporting enterprise. Answer: False T F 3. The internal control structure of an organization is strongly related to the reliability of accounting information. Answer: True T F 4. Financial accounting information is oriented toward the future while management accounting information is historical in nature. Answer: False T F 5. A business is an accounting entity separate from its owners, regardless of whether it is a sole proprietorship, a partnership, or a corporation. Answer: True T F 6. If a company purchases equipment by issuing a note payable, its total assets will increase. Answer: True T F 7. The practice of showing assets on the balance sheet at their cost rather than at their current market value is explained in part by the fact that cost is supported by objective evidence that can be verified by independent experts. Answer: True T F 8. The cost principle states that the activities of an entity should be kept separate from those of its owner. Answer: False T F 9. The collection of an account receivable will cause total assets to increase. Answer: False T F 10. The payment of a liability causes an increase in owners equity. Answer: False T F 11. The debit side of an account is the right side while the credit side is the wrong side. Answer: False T F 12. In a computerized accounting system journalizing may be done automatically but posting must be done by someone with an understanding of recording transactions. Answer: False T F 13. Accounts are usually arranged in the ledger in financial statement order, that is, assets first, followed by liab