会计英语课后题答案Answer for lesson 1.docVIP

PAGE 98 ? Lesson 1 Financial Accounting I PAGE 14 ? Lesson 1 Financial Accounting I Exercise answer for Lesson 1 1.1 Select the best answer for each of the following unrelated items 1.d 2. d 3. b 4. d 5. c 6. c 7.d 8.a 9.b 10.b 11c 12b 13c 14d 15 a 1.2 SHORT-ANSWER ESSAY QUESTIONS 1.Accounting cycle is an important concept for accounting. Briefly explain the steps for accounting cycle. Solution: (1)Analyze transactions; (2) Journalize transactions; (3) Post to ledger;(4) Prepare unadjusted trial balance ;(5) Journalize post adjustments; (6) Prepare adjusted