会计学原理练习题.doc

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True / False Questions 1. Accounting records are also referred to as the books. TRUE
 3. Preparation of a trial balance is the first step in the analyzing and recording process. FALSE
4. Source documents provide evidence of business transactions and are the basis for accounting entries. TRUE
5. Items such as sales tickets, bank statements, checks, and purchase orders are source documents. TRUE
6. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item. TRUE
7. A customer's promise to pay is called an account payable to the seller. FALSE
9. As prepaid expenses are used, the expired costs of the assets bee expenses. TRUE
10. Land and buildings are generally recorded in the same ledger account. FALSe
13. Cash withdrawn by the owner of a proprietorship should be treated as an expense of the business. FALSE
15. The chart of accounts is a list of all the accounts used by a pany and includes an identification number assigned to each account. TRUE
16. An account balance is the difference between the debits and credits for an account including any beginning balance. TRUE
18. In a double-entry accounting system, the total amount debited must always equal the total amount credited. TRUE
19. Increases in liability accounts are recorded as debits. FALSE
 20. Debits increase asset and expense accounts. TRUE
 Credits always increase account balances. FALS
23. Double entry accounting requires that each transaction affect, and be recorded in, at least two accounts. TRUE
24. A revenue account normally has a debit balance. FALSE
25. Accounts are normally decreased by debits. FALSE
26. The owner's withdrawal account normally has a credit balance since it is an equity
28. An owner's capital account normally has a debit balance. FALSE