公司会计英文试题.docVIP

Chapter1 1. Accounting is an information system that identifies, records, and communicates all events of an organization to interested users. A. True B. False 2. The cost principle states that assets should be recorded at their original historical cost. A. True B. False 3. Expenses are decreases in owners equity that result from operating the business. A. True B. False 4. The receipt of cash on account will increase total assets. A. True B. False 5. The primary purpose of a cash flow statement is to provide financial information about the