原创力文档- 1、本文档共38页，可阅读全部内容。
- 2、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
- 3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
查看更多
财务会计题库 Transaction Analysis
Financial Accounting, 7e
Harrison/Horngren
Test Item File
Chapter 2: Transaction Analysis
2.1-1 A journal entry is an event that has a financial impact on the business that can be reliably measured.
Answer: False LO: 2-1 Diff: 2 EOC: S2-5
2.1-2 The trial balance is a NOT a formal accounting statement.
Answer: True LO: 2-1 Diff: 1 EOC: S2-25
2.1-3 Accrued Liabilities is a liability account.
Answer: True LO: 2-1 Diff: 1 EOC: E2-28
2.1-4 The retained earnings account represents the excess of net income over dividends retained in the business since its inception.
Answer: True LO: 2-1 Diff: 1 EOC: P2-50A
2.1-5 Expense accounts always represent expired assets.
Answer: False LO: 2-1 Diff: 2 EOC: E2-11
2.1-6 The dividends account indicates an increase in common stock.
Answer: False LO: 2-1 Diff: 2 EOC: E2-15
2.1-7 Double-entry accounting records only those transactions affecting the income statement.
Answer: False LO: 2-1 Diff: 2 EOC: QC 8
2.1-8 The purchase of office equipment for cash would increase both an asset and a liability account.
Answer: False LO: 2-1 Diff: 2 EOC: P2-49A
2.1-9 Which of the following is NOT an asset account?
A. Accounts Receivable
Prepaid Rent
C. Common Stock
D. All of these are asset accounts.
Answer: C LO: 2-1 Diff: 2 EOC: P2-49A
2.1-10 Prepaid expense accounts appear on:
A. the income statement.
B. the balance sheet.
C. the statement of retained earnings and on the income statement.
D. both the income statement and balance sheet.
Answer: B LO: 2-1 Diff: 2 EOC: P2-56A
2.1-11 The term double-entry accounting indicates that the accountant:
A. records both sides of each transaction in the accounts affected.
B. computes the income statement and balance sheet effect of each transaction.
C. identifies both the cash inflows and the cash outflows.
D. uses both the general journal and the general ledger when recording transactions.
Answer: A LO: 2-1 Diff: 2 EOC: QC 8
2.1-12 A company received cash in exchang
文档评论（0）