accounting b卷.docVIP

浙江工商大学2012 /13学年第二学期考试试卷B卷 课程名称 ：ACCOUNTING 性质：REQUIRED 考试方式：OPEN 完成时限：120 MIN NAME： 　　　 CHINESE NAME： 　　　　 I. Judgment ( 10% ) 1. Analyzing the transaction is the final step in the accounting cycle. 2. After the accounts are closed, there should be no unearned revenue accounts with balances. 3. When the final totals of the work sheet Income Statement columns are equal and the final totals of the work sheet Statement of Owners Equity and Balance Sheet columns are equal, it provides proof that no errors occurred in the preparation of the work sheet. 4. Preparation of the work sheet and completion of the adjustments columns of the work sheet eliminates the need to journalize and post the adjusting entries. 5. All of the temporary accounts with balances, except the Income Summary and Withdrawal account, appear in the Income Statement columns of the work sheet. 6 The Capital account balance shown on the work sheet does not reflect the increase or decrease from net income or net loss. 7．If a single proprietorship business sustains a loss for the period, the closing entries will include a debit to the Capital account and a credit to the Income Summary account. 8．An asset that may reasonably be expected to be realized in cash or be consumed within one year or one operating cycle of the business, whichever is longer, is classified as a current asset. 9．A debt or obligation that must be paid or liquidated within one year or one operating cycle of the business, is classified as a current liability. 10．Revenue and expense accounts are called income statement accounts . 11．A balance sheet with current asset and plant and equipment sections is an unclassified balance sheet. 12．The last step is the accounting cycle is optional. II.Making the Entry:( 60%) Example: purchase material on account, price at $2000 Dr. Material 2000 Cr. Accounts payable 2000 Receiving $7000000 from Wws Led on account in last month. 2．Smith inves