财务会计BA3(华东交通大学)mooc慕课答案2026年版满分测试WYC

对应课程:点击查看
起止时间:2019-04-29到2019-05-08
更新状态:已完结

Chapter 1： Accounting Environment Test 1–Chapter 1

1、 Which of the following are advantages of trading as a limited liability company? 1. Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash.2. Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.

A: 1 only
B: 2 only
C: Both 1 & 2
D: Neither 1 or 2
答案: 1 only

2、 Which of the following is not an external user?

A: managers
B:governement
C: investors
D:creditors
答案: managers

3、 The general public is concerned with:1.environmental impact of the entity2.whether the entity take advantage of exploitative working practice to minimize the operating costs

A:only 1
B:only 2
C: both 1 & 2
D:neither 1 nor 2
答案: both 1 & 2

4、 Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal use?

A: The fair presentation concept
B:The accruals concept
C:The going concern concept
D:The business entity concept
答案: The business entity concept

5、 Which accounting concept states that omitting or misstating this information could influence users of the financial statements?

A:The consistency concept
B: The accruals concept
C:The materiality concept
D:The going concern concept
答案: The materiality concept

6、 Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and services have been received.Which accounting concept governs the above?

A: The business entity concept
B:The materiality concept
C:The accruals concept
D: The duality concept
答案: The accruals concept

7、 Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A: Going concern
B:Accruals
C: Matching
D:Consistency
答案: Consistency

8、 Listed below are some comments on accounting concepts.1. Financial statements always treat the business as a separate entity.2. Materiality means that only items having a physical existence may be recognised as assets.3. Provisions are estimates and therefore can be altered to make the financial results of a business more attractive to investors.Which, if any, of these comments is correct, according to the IASB’s Conceptual Framework for Financial Reporting?

A:1 ony
B: 2 only
C: 3 only
D: none of them
答案: 1 ony

9、 Which groups of people are most likely to be interested in the financial statements of a sole trader?

A:Shareholders of the company
B:The business’s bank manager
C:The tax authorities
D:Financial analysts
答案: The business’s bank manager;
The tax authorities

10、 Which of the following is the investor group concerned with ?

A:the profitability
B:the social policy of the comapny
C:the dividend policy
D:interest payment
答案: the profitability;
the social policy of the comapny;
the dividend policy

11、 Which of the following are TRUE of partnerships?

A:The partners’ individual exposure to debt is limited.
B: Financial statements for the partnership by law must be produced and made public.
C:A partnership is not a separate legal entity from the partners themselves.
D:A general partner has unilimited liability.
答案: A partnership is not a separate legal entity from the partners themselves.;
A general partner has unilimited liability.

12、 The advantages of a sole trader is that the owner’s liability is limited because the entity is a separate legal person.

A:正确
B:错误
答案: 错误
分析：The entity is not a legal person, so the owner is personally liable for all the debts of the business.

13、 non-profit making entities are formed with the objective of providing services and the intent to making profit in the long run.

A:正确
B:错误
答案: 错误
分析：Non-profit making entities are formed with the objective of providing services and without the intent to making profit in the long run.

14、 The purpose to attach a delivery note with the goods deliverd is to make the person who receive the goods know the information of the goods delivered, such as the quantity.

A:正确
B:错误
答案: 正确

15、 The purchase order is usually send to the supplier. And it is also sent to the accounting department and the store department of the purchaser.

A:正确
B:错误
答案: 正确

16、 Credit note is issued by the purchaser for the goods returned to the supplier.

A:正确
B:错误
答案: 错误
分析：Credit note is issued by the supplier for the goods returned by the customer.

17、 Comparability & relavance are the fundamental qualitative features.

A:正确
B:错误
答案: 错误
分析：Relevance & faithful representation are the two fundamental qualitative features.

​

18、 .Completeness & neutrality are two aspects of faithful presentation.

A:正确
B:错误
答案: 正确

19、 Information must be free from error means that the information must be perfectly accurate in all aspects.

A:正确
B:错误
答案: 错误
分析：Free from error does not mean perfectly accurate in all respects.

20、 Neutrality means free from bias, and is objective.

A:正确
B:错误
答案: 正确

21、 Capital, assets, and revenue are presented in the statement of finnacial position.

A:正确
B:错误
答案: 错误
分析：Capital, assets, liabilities are presented in the SOFP.

22、 .Expenses are presented in the profit and loss account.

A:正确
B:错误
答案: 正确
分析：Two elements are presented in the profit or loss account.

23、 Intangible assets are those have physical substance and can be seen and touched.

A:正确
B:错误
答案: 错误
分析：Tangible assets are those have physical substance and can be seen and touched.

24、 Capital is the money contributed to the entity by the owner and the profit not withdrawn by the owner.

A:正确
B:错误
答案: 正确

25、 Depreciation is one of the reason for profit not equal to cash.