江西财经大学
XX－XX 学年第二学期期末考试试卷
试卷代码：    X    授课课时：96
课程名称：会计学原理    适用对象：XX级国际会计
试卷命题人 XX    试卷审核人    XX   
Part I Multiple Choice (Only one best answer)(18 marks)
1.A partnership:
A.Is also called a sole proprietorship.
B.Has unlimited liability.
C.Is a legal organization separate from its owners.
D.Has owners called shareholders.
2.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:
A.Going-concern principle.
B.Business entity principle.
C.Objectivity principle.
D.Cost Principle.
E.Monetary unit principle.
3.A company records the fees for legal services paid in advance by its clients in an account called Unearned Legal Fees. If the company fails to make the end-of-period adjusting entry to record the portion of these fees that has been earned, one effect will be:
A.An overstatement of equity.
B.An understatement of equity.
C.An understatement of assets.
D.An understatement of liabilities.
E.An overstatement of assets.
4.A classified balance sheet:
A.Measures a company's ability to pay its bills on time.
B.Organizes assets and liabilities into important subgroups.
C.Presents revenues, expenses, and net income.
D.Reports operating, investing, and financing activities.
E.Reports the effect of profit and withdrawals on owner's capital.

5.Which of the following statements is incorrect with Merchandise inventory:
A.Is reported on the balance sheet as a current asset.
B.Refers to products a company owns and intends to sell.
C.Can include the cost of shipping the goods to the store and making them ready for sale.
D.Does not appear on the balance sheet of a service company.
E.should be closed to equity at end of year
6.Beginning inventory plus net purchases is:
A.Cost of goods sold.
B.Merchandise available for sale.
C.Ending inventory.
D.Sales.
E.Shown on the balance sheet.
7.Thelma Company reported cost of goods sold for Year 1 and Year 2 as follows:
Thelma Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be:
A. $291,000
B. $276,000
C. $264,000
D. $285,000
E. $249,000
8.A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's current inventory consists of 200 units purchased at $16 per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of this company's inventory at the lower of cost or market.
A. $2,550.    B. $2,600.    C. $2,700.    D. $3,000.    E. $3,200.

9.When two clerks share the same cash register it is a violation of which internal control principle?
A.Apply technological controls.
B.Maintain adequate records.
C.Establish responsibilities.
D.Bond key employees.
E.Insure assets.
10.Outstanding checks refer to checks that have been:
A.Written, recorded, sent to payees, and received and paid by the bank.
B.Written and not yet recorded in the company books.
C.Held as blank checks.
D.Written, recorded on the company books, sent to the customer, but have not yet been paid by the bank.
E.Issued by the bank.
11.Intangible assets include the followings except:
strcmp was not declared inA.Patents.
B.Copyrights.
C.Trademarks.
D.Prepaid expenses.
E.Leasehold
12.On November 1, Carter Company signed a 120-day, 10% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note?

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