会计学原理练习题

精品文档---下载后可任意编辑 3. Preparation of a trial balance is the first step in the analyzing and recording process. FALSE4. Source documents provide evidence of business transactions and are the basis for accounting entries. TRUE5. Items such as sales tickets, bank statements, checks, and purchase orders are source documents. TRUE6. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item. TRUE7. A customer's promise to pay is called an account payable to the seller. FALSE9. As prepaid expenses are used, the expired costs of the assets become expenses. TRUE10. Land and buildings are generally recorded in the same ledger account. FALS e 13. Cash withdrawn by the owner of a proprietorship should be treated as an expense of the business. FALSE15. The chart of accounts is a list of all the accounts used by a company and includes an identification number assigned to each account. TRUE16. An account balance is the difference between the debits and credits for an account including any beginning balance. TRUE18. In a double-entry accounting system, the total amount debited must always equal the total amount credited. TRUE19. Increases in liability accounts are recorded as debits. FALSE 20. Debits increase asset and expense accounts. TRUE21. Credits always increase account balances. FALS23. Double entry accounting requires that each transaction affect, and be recorded in, at least two accounts. TRUE24. A revenue account normally has a debit balance. FALSE25. Accounts are normally decreased by debits. FALSE26. The owner's withdrawal account normally has a credit balance since it is an equity account.FALSE28. An owner's capital account normally has a ...