会计英语选择.doc

which is the following statements is false ? ①A. the partnership form of business organization protects the personal assents of the owners form creditor of the business ②A. Increases in assets and Increases in revenues are recorded with a debit ③ C.the ledger is a chronological listing of all transactions ④ The primary objective of financial reporting is... C. To provide information useful for investment and lending decisions The principle or concept that holds an entity will remain in operation for the foreeable future is the ... A. Goning-concern concept which is the following statements is true ? B. Assets are economic resources that are expect to benefit future periods Aftin Co.performed services on account . When Aftin collects the account receivable ... B. Assets do not change which is the following transaction would not affect owners equity? A. Payment of an account payable An income statement reports... D. The difference between revenues and expense during the period If assents increase $80000 during the period and owners’ equity decreases $16000during the period , liabilities must have ... B . increased $96000 if net income was $1500 and there no withdrawals, how much did the owner in vest? A . $4500 The amount of net income shown on the income statement also appears on... C. Statement of owners’ equity which of these is an example of an asset account? C. Supplies Traylor company paid $2850 on account. The effect of this transaction accounting equation is to.. D.decrease assets and decrease liabilities 13、note payable has a normal beginning balance of $30000. During the period,new borrowing total $63000 and the balance in note payable is $41000. Determine the on loans during the period... B.$5200 14、which of these accounts has a normal debit balance? D.both A and B have a normal debit balance The journal entry to record the collection of $890 form a customer on account is.. B. cash 890 Accounts receivable 890 the end