Accounting information system and accounting cycle：練習題

• a.

  Identifying and recording transactions \(\rightarrow\) Closing entries \(\rightarrow\) Reporting financial statements \(\rightarrow\) Adjusting entries

• b.

  Identifying and recording transactions \(\rightarrow\) Adjusting entries \(\rightarrow\) Reporting financial statements \(\rightarrow\) Closing entries

• c.

  Reporting financial statements \(\rightarrow\) Identifying and recording transactions \(\rightarrow\) Adjusting entries \(\rightarrow\) Closing entries

• d.

  Adjusting entries \(\rightarrow\) Identifying and recording transactions \(\rightarrow\) Closing entries \(\rightarrow\) Reporting financial statements

• a.

  A cash payment of \$450 for electricity was debited to the Electricity Expense account as \$450 but credited to Cash at Bank as \$540.

• b.

  A credit sale of \$200 to customer John was debited to Cash and credited to Sales Revenue.

• c.

  A credit purchase of inventory of \$600 was completely omitted from the accounting records.

• d.

  A payment of \$320 for repair expenses was debited to the Office Equipment account instead of the Repair Expense account.

• a.

  The total debit column will be \$80 higher than the total credit column.

• b.

  The Trial Balance will not balance because the invoice amount was entered incorrectly.

• c.

  The total debit column will equal the total credit column because the same incorrect amount was recorded on both sides.

• d.

  The total credit column will be \$80 higher than the total debit column.

• a.

  To guarantee that all transactions have been recorded in the books without omission

• b.

  To check the arithmetic accuracy of double-entry postings in the ledger accounts

• c.

  To measure the exact profit earned by the business for the financial year

• d.

  To calculate the net worth and equity of the business at the end of the year

• a.

  Remittance advice

• b.

  Debit note

• c.

  Payment voucher

• d.

  Credit note

先自己寫一次答案，再對照解題步驟。

先自己寫一次答案，再對照解題步驟。

先自己寫一次答案，再對照解題步驟。