Basic Accounting Study Questions! Ask for expert answers!

It's all very basic! I flipped through the books myself.

1. The company distributes cash dividends to investors with BAI surplus reserves

will cause a change in the total amount of retained earnings DAO. (Specialized.)

False) – will lead to a decrease in retained earnings.

2. At the end of the year, in addition to the detailed account of "undistributed profits", there should be no balance in other detailed accounts under the "profit distribution" account. ( Yes ).

3. The distributable profit of the enterprise in the current year should be equal to the undistributed profit at the beginning of the year, plus the net profit realized in the current year and other transfers. ( Yes ).

4. The income of the enterprise includes the main business income, other business income and non-operating income. (False)—Excludes non-operating income.

5. If there is a sales discount for the sold goods for which the enterprise has confirmed the sales revenue, the sales revenue should generally be written off when it occurs, and the operating cost of the current period should be reduced at the same time. ( False ) - The sales discount only reduces the sales revenue, not the return, so the operating cost is not reduced. FYI.

1.Wrong, it will cause the surplus reserve to decrease by 2Pair 3Right 4False Income is generated from ordinary business activities and excludes business office income 5Wrong, the discount is only flushed with income and VAT, and the return is only flushed with operating costs.

1. Borrow: engineering materials 18

Credit: Bank Deposit 18

2. Borrow: construction in progress 18

Credit: Engineering Materials 18

3. Borrow: construction in progress 2

Credit: Inventory Commodity 2

Tax Payable - VAT Payable (Output) 0

4. Borrow: construction in progress 1 Loan: raw materials 1

Tax payable - VAT payable (input transfer) 05. Borrow: construction in progress 5

Credit: Employee Compensation Payable 2

Bank Deposit 3

6. Borrow: fixed assets 26

Credit: Construction in progress 26

The issue of taxes is not taken into account.

The annual depreciation amount is = (26-2) 20=

Depreciation accrued for 2007=

The entries for cleaning up this warehouse are as follows:

Borrow: Disposal of fixed assets.

Accumulated depreciation. Credit: Fixed assets 26

Borrow: Raw material 5

Credit: Fixed asset disposal 5

Debit: Fixed Asset Disposal 2

Credit: Bank Deposit 2

Debit: Other receivables 7

Credit: Disposal of fixed assets 7

Borrow: Non-operating expenses.

Credit: Disposal of fixed assets.

Question 81, the item "Monetary Funds" in the balance sheet, should be filled in according to the closing balance of the "Bank Deposits" account. (False).

Question 82: Administrative expenses, asset impairment losses, business taxes, and surcharges and non-operating income will all affect the operating profit of a company. (False).

Question 83: Current liabilities refer to debts that need to be repaid within one business cycle of one year or more. (False).

Question 84, production cost and main business cost are all cost accounts. (False).

Question 85: No matter what form of accounting is used, an enterprise must set up a journal, a general ledger, and a sub-ledger. ( Yes ).

Question 86, summary accounting vouchers can not only reflect the correspondence of accounts, but also play the role of trial balance. (False).

Question 87, accounting processing procedures, refers to the combination of the sorting and transmission of vouchers, the registration of account books, and the preparation of accounting statements. ( Yes ).

Question 88: The cash inventory team of the enterprise shall conduct a regular or irregular inventory of the cash in stock of the enterprise in the absence of the cashier. (False).

Question 89: Accounts payable should be inventoried by the verification method. ( Yes ).

Question 90, under the debit bookkeeping method, the asset class account has a closing balance and is on the debit side. ( Yes ).

(1) The total cost of product completion: 1400 + 35000 + 5000-1000 = 40400, unit cost 404000 400 = 1010

Manufacturing cost 4500 * (5 9) = 2500

The total cost of product completion: 1400 + 31200 + 4000 = 36600, unit cost 36600 200 = 183

Manufacturing cost 4500 * (4 9) = 2000

2) Borrow: production cost 4500

Credit: Manufacturing Expenses - A Product 2500

Manufacturing Expense-B Product 2000

Borrow: 4500 items in stock

Credit: Production cost 4500

14 debit: accounts payable 5000

Credit: non-operating income 5000

15 questions borrowed: sales expenses 1350

Credit: Bank deposit 1350

1. A cheque with the word "cash" printed on it is a cash cheque and can only be used to withdraw cash. （62616964757a686964616fe4b893e5b19e31333332623365 v ）

2. Commodity transactions in the same region or in different places, labor services can be settled by bank cashier's check. （x ）

3. After the depreciation of fixed assets is fully depreciated, depreciation will not be accrued regardless of whether they continue to be used or not. （v ）

4. Once the impairment loss of intangible assets is determined, it can be reversed in subsequent accounting periods. （x ）

5. The fixed assets transferred out of the enterprise due to **, scrapping, damage, and foreign investment shall be accounted for through the "fixed assets liquidation" account (v).

6. The resource tax payable by an enterprise for the sale of taxable products shall be included in the "production cost" account. （x ）

7. The interest on short-term loans should be accounted for through the "short-term loans" account when withholding or actually paying. （x ）

8. If the enterprise transfers the accounts payable or the accounts payable that cannot be paid, the balance of its books shall be transferred to the account of "capital reserve - other capital reserve". （x ）

9. The stamp duty paid by the enterprise is generally directly included in the accounting of management expenses. （v ）

10. The balance sheet is a statement that summarizes all the assets, liabilities and owners' equity of an enterprise on a specific date. (v) 11. When an enterprise accepts investment from investors in non-cash assets, it shall be recorded at the book value of the assets. （x ）

12. The distribution of profits by enterprises to investors with surplus reserves will cause changes in the total owner's equity. （x ）

13. Enterprises cannot use surplus reserves to distribute cash dividends. （x ）

14. After the depreciation of fixed assets is fully depreciated, depreciation will not be accrued regardless of whether they continue to be used or not. （v ）

15. The wages of the sales staff of the special sales agency of the enterprise shall be included in the "management expenses" account. （x ）

16. The balance sheet is a statement that summarizes all the assets, liabilities and owners' equity of an enterprise at a specific date. （ v ）

17. The closing balance of the asset account = the opening balance + the debit amount of the current period - the credit amount of the current period. （ v ）

18. Enterprises can set up a "paid-in capital" account to account for the capital that should be invested by investors. （ x ）

19. Liabilities are divided into current liabilities and long-term liabilities according to the length of the repayment period. （v ）

20. Assets refer to the economic resources formed by past transactions and owned by the enterprise. （ x ）

1-5 True , False, True, False, True.

6-10 Wrong, wrong, wrong, right, right.

11-15 False, True, Wrong, True, Wrong.

16-20 True, right, right, wrong, wrong.

Pick Dha!

a.Tariffs payable on imported raw materials.

Enter the cost of materials.

b.VAT payable on the purchase of production equipment.

Go to Tax Payable - VAT Payable (Input Tax).

c.Business tax payable on disposal of patent rights.

Non-operating income is written off or included in non-operating expenses.

d.The consumption tax payable on the sale of self-produced taxable cosmetics is included in the income statement "Business tax and surcharge".

Among the following items, the items that should be included in the income statement "business tax and surcharge" are (d) dConsumption option a for the sale of self-produced taxable cosmetics is included in the cost of imported raw materials;

Option B, VAT treatment on purchased production equipment is:

Debit: Tax Payable – VAT Payable (Input Tax) Payable

Credit: Bank deposits.

It is not included in the "Business Tax and Surcharge" account;

Option C, the business tax on the disposal of patent rights should be included in the profit or loss on the disposal of intangible assets and included in the non-operating income and expenditure account.

Business tax and surcharge refer to the relevant taxes and fees that should be borne by the business activities of enterprises, including business tax, consumption tax, urban maintenance and construction tax, education surcharge and resource tax. (excluding VAT and income tax).

The items that should be included in the income statement "business tax and surcharge" are c and d