1、All of the following are asset accounts except  C
A.buildings          B.Cash   
B.C.supplies expense  D.accounts receivable
2,A column in journals and ledger accounts used to cross reference journal and ledger entries is the_A.
A.posting reference column    B.description column
B.C.debit column            D.account balance column
3,The price-earnings ratio is calculated by dividing: C
A.Dividends per share by earnings per share.
B.Earnings per share by market value per share.
C. Market value per share by earnings per share.
D.Market value per share by dividends per share.
4.Assets created by selling goods and services on credit are  A
A.accounts receivable  B.equity 
  C.liabilities          D.expenses
5. Amounts received in advance from customers for future products or services: C
A.Require an outlay of cash in the future.  B.Are revenues. 
C.Are liabilities.      D.Are not allowed under GAAP.
6.Revenues, expenses, and withdrawals accounts, which are closed at the end of each accounting period is  B
A. Closing accounts    B.Temporary accounts.
C.Real accounts      .D.Balance sheet accounts.
7..Decreases in equity that represent costs of assets or services used to earn revenues are called  C
A liabilities    B.withdrawals    C.expenses    D.equity
8.The purchases journal is used for recording credit purchases  T
9.Current ratio does not affect a creditor’s decision on when to allow a company to buy on credit.  F
10.The primary objective of financial accounting is to provide financial statements to help external users analyze an organization's activities.T
11.A partnership designed to protect innocent partners from malpractice or negligence claims resulting from acts of another partner is a limited liability partnership. T
12.Partners' withdrawals of assets are debited to their withdrawals accounts. T
13.Deposits in transit are deposits made and recorded by the depositor but not yet record
ed on the bank statement. T
14.Cash paid for merchandise is an operating activity. T
15.Owner's investments are increases in equity from a company's earnings activities. F
16. Which of the following is an example of assets?(  C )
  A. Salary  expense  B.unearned revenue 
C. prepaid expense  D. accounts  payable
17.The accounting assumption that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the: (  B)
A.Cost principle.              B.Business entity assumption.
C.Time-period assumption.    D.  Revenue recognition principle.
18.The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the (  D)厦门英语
A.Monetary unit assumption.  B.Objectivity principle.
C.Business entity assumption.  D.Going-concern assumption.
19.External users of accounting information include all of the following except: (  D )
A.Customers.    B.Shareholders.
C.Creditors.      D.Internal managers.
20.Source documents: (C )
A.Include the chart of accounts.        B.Must be in electronic form.
C.Are the sources of accounting information.  D.Include the ledger.
21.The accounting process begins with:(C )
A.Summarizing the recorded effect of business transactions.
B.Preparing financial statements and other reports.
C.Analysis of business transactions and source documents.
D.Presentation of financial information to decision-makers.
22.A collection of all accounts and their balances used
by a business is called a:(  C )
A.Balance column journal.    B.General Journal.
C.Ledger.                  D.Journal.
23. A trial balance prepared after adjustments have been recorded is called a(n) : (D)
A.Classified balance sheet.  B.Unadjusted trial balance.
C.Balance sheet.          D.Adjusted trial balance.
24. The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is: (C )
A. The matching principle.  B. Revenue basis accounting.
C. Accrual basis accounting.  D.The time period assumption.
26,A partnership is not a separate legal entity from the partners themselves. （ T ）
27.Limited liability means the shareholders are responsible for the company’s debts only up to the amount paid on the shares .（ T ）
28.Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.( T)