中级会计1考试1题库.docx

会计考试 2 An adjusted trial balance a. is prepared after the financial statements are completed. b. proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made. c. is a required financial statement under generally accepted accounting principles. d. cannot be used to prepare financial statements. Adjusting entries are necessary to 1 obtain a proper matching of revenue and expense. 2 achieve an accurate statement of assets and equities. 3 adjust assets and liabilities to their fair market value. 1 2 3 1 and 2 A revenue collected, but not earned. a. Prepaid expense b. Unearned revenue c. Accrued expense d. Accrued revenue accrued expense can best be described as an amount a. paid and currently matched with earnings. b. paid and not currently matched with earnings. c. not paid and not currently matched with earnings. d. not paid and currently matched with earnings. The double-entry accounting system means a. Each transaction is recorded with two journal entries. b. Each item is recorded in a journal entry, then in a general ledger account. c. The dual effect of each transaction is recorded with a debit and a credit. d. More than one of the above. which of the following is a recordable event or item a. Changes in managerial policy b. The value of human resources c. Changes in personnel d. None of these A journal entry to record a receipt of rent revenue in advance will include a a. debit to rent revenue. b. credit to rent revenue. c. credit to cash. d. credit to unearned rent. An expense incurred, but not paid. a. Prepaid expense b. Unearned revenue c. Accrued expense d. Accrued revenue Factors that shape an accounting information system include the a. nature of the business. b. size of the firm. c. volume of data to be handled. d. all of these. The debit and credit analysis of a transaction normally takes place a. before an entry is recorded in a journal. b. when the entry is posted to the ledger. c. wh