调整分录和报表习题精选无答案【荐】.doc

1.?A companys fiscal year must correspond with the calendar year.? 2.?The time period principle assumes that an organizations activities can be divided into specific time periods.? 3.?Interim statements report a companys business activities for a 1-year period.? 4.?A fiscal year refers to an organizations accounting period that spans twelve consecutive months or 52 weeks.? 5.?Adjusting entries are made after the preparation of financial statements.? 6.?Adjusting entries result in a better matching of revenues and expenses for the period.? 7.?Two main accounting principles used in accrual accounting are matching and full closure.? 8.?Adjusting entries are used to bring asset or liability accounts to their proper amount and update the related expense or revenue account.? 9.?The matching principle requires that revenue not be assigned to the accounting period in which it is earned.? 10.?The revenue recognition principle is the basis for making adjusting entries that pertain to unearned and accrued revenues.? 11.?The cash basis of accounting commonly results in financial statements that are not comparable from period to period.? 12.?Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items.? 13.?Since the revenue recognition principle requires that revenues be earned, there are no unearned revenues in accrual accounting.? 14.?The matching principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.? 15.?The cash basis of accounting is an accounting system in which revenues are reported when cash is received and expenses are reported when cash is paid.? 16.?The cash basis of accounting recognizes revenues when cash payments from customers are received.? 17.?The accrual basis of accounting recognizes revenues when cash is received from customers.? 18.?The accrual basis of accounting recognized expenses when cash is paid.? 19.?Record