第121页 Unit 5 Accounting 会计业务

六、练习
I.True  or  False：
1.In  the  chart  of  accounts  ledger   accounts  are  usually  arranged  in the  order  in  which  they  appear  on  the  financial  statements.
2.Variable  cost  per  unit  does  not  react  to  changes  in  activity  level.F
3.Fixed  cost  per  unit  is  variable.  F    
4.Net  asset= owner's  equity. F
5.Equity  financing  is  less  risky  than  debt  financing.
6.The  most  basic   concept  in  accounting  is  that  of  the   entity。
7.Internal  auditing is  usually  performed  by  a  CPA  from  outside   the  firm.
8.Business  transaction  should  not  be  confused  with  personal  transactions. Similarily，the  transactions  of  different  entities  should  not  be  accounted  for  together.
9.Financial  accounting  provides  information  to  people  outside  the  firm.
10.Bookkeeping  is  only  a small  part  of  accounting.
II.Multiple  Choice
1.The  prime  entry  records， other  than  the  journal  proper  and  the  cash  books， have  historically  been  known  as  -----------， covering  sales ，purchases, sales  returns   and  purchases  returns.
 A.bookkeeping      B. day  books    C.final  account     D. profit    and  loss  account       2.A  bookkeeping  system   comprises  a  ledger  which  contains  accounts,  and  prime  entry  records  which  act  as  “collectors"  and  ”summarizers" of  ----------。
A.financial  data  B.  financial  statements  C. accountants   D. accounting  equation
3.The  assets and  services  which  are  acquired  should  be  recorded  at  ---------。
A.market  value   B.  historical  cost       C.express    D.  value  of  evaluation
4.Work  in  progress  is  ---------------。
A.capital    B.  current  asset      C. scarp  value   D.
5.The  operating  cycle  is-----------
A.a  year      B. fiscal  year      C.accounting   year     D.none  of  all
6.which  item  is  not   major  section  in  the  statement  of  cash  flows?-------
A.Operating   activity  B.  Financing  activity  C.Repairing  activity D.  Investing activity
7.Which  item  is  cash  flow？--------
A.Taxes   paid                  B.purchase  of  securities
C.repayment                    D.Collection  from  customers
8.Which  items  is  cash  flow  from  operating  activity?---------
A.Sale  of  plant                B.Interest   paid
C. Making  loan                 D. payment   of  dividends
9.The  break--even  is  the  point  that  ---------。
A.contribution  =fixed  costs              B.gross  margin   ===fixed  cost
C.variable  costs== fixed  costs        D. revenue  =  variable  costs
10.For  a  manufacturing  business,  finished  goods  inventory  includes--------。
A.direct  material  costs          B. factory  overhead  costs
C.direct  labor  costs               D.  all  of  above