1、MOOC F3（Financial Accounting）-江西财经大学江西财经大学 中国大学慕课答案中国大学慕课答案1.2 自测题自测题1、问题：Which of the following statements are TURE of limited liability companies?1 The companys exposure to debts and liability is limited.2 Financial statements must be produced.3 A company continues to exist regardless of the ident
2、ity of its owners.选项：A、1 and 2 onlyB、1 and 3 onlyC、2 and 3 onlyD、1,2 and 3正确答案:【2 and 3 only】2、问题：Which of the following are the disadvantages of the limited liabilities company(LLC)?1 LLC have to comply with legal and accounting requirements.2 LLC makes raising finance more difficult than sole trad
3、e and partnership.3 LLC have to publish annual financial statements.4 LLC have to be audited.This can be inconvenient,time consuming and expensive.选项：A、1,2 and3B、1,2 and 4C、1,3 and 4D、3 and 4正确答案:【1,3 and 4】3、问题：Financial reporting is carried out by all businesses,no matter what their size or struct
4、ure.选项：A、正确B、错误正确答案:【正确】1.3 自测题自测题1、问题：Which of the following best describes corporate governance?选项：A、Corporate governance is the system by which an entity monitors its impact on the natural environment.B、Corporate governance is carried out by finance department in preparing the financial statement
5、s.C、Corporate governance is the system of rules and regulations surrounding financial reporting.D、Corporate governance is the system by which companies and other entities are directed and controlled.正确答案:【Corporate governance is the system by which companies and other entities are directed and contr
6、olled.】2、问题：The shareholder does not need a statement of financial position as only interested in future performance,while a supplier of goods on credit needs a statement of financial position,as they are only interested in the current state of affairs.选项：A、正确B、错误正确答案:【错误】3、问题：If financial statement
7、s are audited,then the responsibility for those financial statements instead falls on the auditors instead of the directors.选项：A、正确B、错误正确答案:【错误】1.4 自测题自测题1、问题：Which of the following is an example of a liability?选项：A、PayableB、Factory buildingsC、InventoryD、Receivable正确答案:【Payable】2、问题：Which of followi
8、ng users of financial statements are likely to be interested in the final accounts of a small private company?1 Stock market analysts 2 Managers of the business 3 Lenders 4 Institutional shareholders选项：A、1,2 and 3B、2,3 and 4C、2 and 3D、2 and 4正确答案:【2 and 3】3、问题：Financial accounting is a management in
9、formation system which analyses data to provide information as a basis for managerial action.选项：A、正确B、错误正确答案:【错误】第第 1 单元测验单元测验1、问题：Which of the following is/are TRUE of partnerships?1.The partners individual exposure to debt is limited.2.Financial statements for the partnership by law must be produc
10、ed and made public.3.A partnership is not a separate legal entity from the partners themselves.选项：A、1 and 2 onlyB、2 onlyC、3 onlyD、1 and 3 only正确答案:【3 only】2、问题：Which of the following is an example of assets?选项：A、Bank loanB、PayableC、Office buildingD、Accrued expense正确答案:【Office building】3、问题：Which of
11、the following users of financial statements are likely to review the accounts in order to understand whether the organisation is a secure source of supply?选项：A、Tax authoritiesB、InvestorsC、SuppliersD、Customers正确答案:【Customers】4、问题：Financial reporting is a way of judging and evaluating financial data.选
12、项：A、正确B、错误正确答案:【错误】5、问题：The accounts of sole trader must always make financial accounts publicly available.选项：A、正确B、错误正确答案:【错误】6、问题：Limited liability means the shareholders are responsible for the companys debts only up to the amount paid on the shares.选项：A、正确B、错误正确答案:【正确】7、问题：The statement of finan
13、cial position is a list of all the assets owned and all the liabilities owed by a business for one period.选项：A、正确B、错误正确答案:【错误】8、问题：A directors main aim should be to check financial statement.选项：A、正确B、错误正确答案:【错误】2.1 自测题自测题1、问题：What is the role of the IASB?选项：A、Oversee the standard setting and regulat
14、ory processB、Formulate international financial reporting standardsC、Review defective accountsD、Control the accountancy profession正确答案:【Formulate international financial reporting standards】2、问题：Which one of the following is not an objective of the IFRS Foundation?选项：A、Through the IASB,develop a sing
15、le set of globally accepted IFRSsB、Promote the use and rigorous application of IFRSsC、Bring about the convergence of national accounting standards and IFRSsD、Ensure IFRSs focus primarily on the needs of global,multi-national organisations正确答案:【Ensure IFRSs focus primarily on the needs of global,mult
16、i-national organisations】3、问题：The IFRS Advisory Council is a forum for the IASB to consult with the outside world.选项：A、正确B、错误正确答案:【正确】2.2 自测题自测题1、问题：IFRSs are used in the following ways:1 As the basis for all or some national requirements2 By regulatory authorities for domestic and foreign companies
17、3 As national requirements4 As an international benchmark for those countries which develop their own requirements选项：A、1,2 and 3B、1,3 and 4C、2,3 and 4D、1,2,3,and 4正确答案:【1,2,3,and 4】2、问题：Which of the following provides advice to the International Accounting Standards Board(IASB)as well as informing t
18、he IASB of the implications of proposed standards for users and preparers of financial statements?选项：A、The IFRS Advisory CouncilB、The IFRS Interpretations CommitteeC、The IFRS FoundationD、The Trustees正确答案:【The IFRS Advisory Council】3、问题：IFRSs should be used to ensure high ethical standards are mainta
19、ined by financial reporting professionals internationally.选项：A、正确B、错误正确答案:【错误】第第 2 单元测验单元测验1、问题：The IFRS Foundation produces IFRSs.The IFRS Foundation is overseen by the IASB.选项：A、正确B、错误正确答案:【错误】2、问题：One of the objective of the IFRS Foundation is to bring about convergence of national accounting sta
20、ndards and IFRSs.选项：A、正确B、错误正确答案:【正确】3、问题：IASB is an official,publicly funded body that develops and approves IFRSs.选项：A、正确B、错误正确答案:【错误】3.1 自测题自测题1、问题：Which of the following isunderlying assumption?选项：A、AccrualsB、Faithful representationC、Going concernD、Relevance正确答案:【Going concern】2、问题：The Conceptua
21、l Framework is a set of principles which underpin the foundations of financial accounting.The Conceptual Framework is an accounting standard.选项：A、正确B、错误正确答案:【错误】3.2 自测题自测题1、问题：Which accounting concept states that omitting or misstating this information could influence users of the financial statemen
22、ts?选项：A、The consistency conceptB、The accruals conceptC、The materiality conceptD、Going concern concept正确答案:【The materiality concept】2、问题：Which TWO of the following are qualitative characteristics under which financial statements are produced?选项：A、Going concernB、Faithful representationC、AccrualsD、Rele
23、vance正确答案:【Faithful representation#Relevance】3.3 自测题自测题1、问题：Which one of the following is NOT a qualitative characteristics of financial information according to the Conceptual Framework for Financial Reporting?选项：A、AccrualsB、RelevanceC、TimelinessD、Understandability正确答案:【Accruals】2、问题：Under no circu
24、mstances should we departure from IFRS.选项：A、正确B、错误正确答案:【错误】第第 3 单元测验单元测验1、问题：IASBs Conceptual Framework gives four enhancing qualitative characteristics of financial information.What are these four characteristics?选项：A、Relevance,Faithful representation,Accrual and Going concernB、Relevance,Faithful r
25、epresentation,Comparability and ConsistencyC、Comparability,Verifiability,Timeliness and UnderstandabilityD、Relevance,Faithful representation,and Verifiability正确答案:【Comparability,Verifiability,Timeliness and Understandability】2、问题：Which accounting concept should be considered if the owner of a busine
26、ss takes goods from inventory for their own personal use？选项：A、Going concernB、Business entityC、AccrualsD、Comparability正确答案:【Business entity】3、问题：The accounting concept which requires assets to be valued at their net book value,rather than their break-up value is the选项：A、Materiality conceptB、Business
27、entity conventionC、Historical cost conventionD、Going concern concept正确答案:【Going concern concept】4、问题：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?选项：A、The substan
28、ce over form conceptB、The materiality conceptC、The accruals conceptD、The duality concept正确答案:【The accruals concept】5、问题：According to the IASBs Conceptual Framework,which two of the following are part of faithful representation?选项：A、RelevantB、ConsistencyC、NeutralD、Complete正确答案:【Neutral#Complete】6、问题：
29、The concept of accruals requires transactions to be reflected in the financial statements once the cash or its equivalent is received or paid.选项：A、正确B、错误正确答案:【错误】7、问题：Relevant information is capable of making a difference in the decisions made by users,by having predictive value,confirmatory value o
30、r both.选项：A、正确B、错误正确答案:【正确】8、问题：Based on faithful representation,it may sometimes be necessary to exclude material information from financial statements due to difficulties establishing an accurate figure.选项：A、正确B、错误正确答案:【错误】4.1 自测题自测题1、问题：Which of the following documents should accompany a return o
31、f goods to a supplier?选项：A、Debit noteB、Remittance adviceC、Purchase invoiceD、Credit note正确答案:【Debit note】2、问题：When a purchase invoice is received from a supplier,which TWO of the followingdocuments would the invoice be checked to?选项：A、Sales orderB、Purchase orderC、Remittance adviceD、Goods received not
32、e正确答案:【Purchase order#Goods received note】4.2 自测题自测题1、问题：Which prime entry record is used to record credit notes for returns outwards?选项：A、Sales returns day bookB、The journalC、The cash bookD、The purchase returns day book正确答案:【The purchase returns day book】2、问题：Which of the following are books of pri
33、me entry?选项：A、Sales day bookB、Cash bookC、JournalD、Purchase ledger正确答案:【Sales day book#Cash book#Journal】第第 4 单元测验单元测验1、问题：Which of the following best explains the imprest system of petty cash?选项：A、Each month an equal amount of cash is transferred into petty cashB、The exact amount of petty cash expen
34、diture is reimbursed at intervals to maintain a fixed floatC、Petty cash must be kept under lock and keyD、The petty cash total must never fall below the imprest amount正确答案:【The exact amount of petty cash expenditure is reimbursed at intervals to maintain a fixed float】2、问题：Which of the following is a
35、 book of original entry?选项：A、Nominal ledgerB、JournalC、Receivables ledgerD、Asset register正确答案:【Journal】3、问题：In which book of original entry would discounts allowed be recorded?选项：A、Sales day bookB、Purchases day bookC、Cash bookD、Journal正确答案:【Cash book】4、问题：In which book of original entry is VAT on cre
36、dit sales recorded?选项：A、Sales day bookB、Purchases day bookC、Cash bookD、Journal正确答案:【Sales day book】5、问题：In which book of prime entry will a business record debit notes in respect of goods which have been sent back to suppliers?选项：A、The cash bookB、The purchase returns day bookC、The purchase day bookD
37、、The sales returns day book正确答案:【The purchase returns day book】6、问题：Which one of the following source documents is summarised and posted to the general ledger?选项：A、Sales returns day bookB、Purchases day bookC、Cash receipts bookD、The purchase returns day book正确答案:【Cash receipts book】7、问题：Which prime e
38、ntry record is used to record direct debits to pay utility bills?选项：A、Sales returns day bookB、The journalC、The cash payments bookD、The purchase returns day book正确答案:【The cash payments book】8、问题：You are an accounts assistant for Klemspeck Solutions,a company that sells computer equipment.The followin
39、g transactions took place on 23 January 20X1:$(1)Cash sale of goods to Customers A Davis 200(2)Credit sale of goods to Customer H Tyre 150(3)Return of goods from Customer B Rudd 30(4)Payment to supplier Z Computers 900(5)Purchase invoice from supplier Z Computers 150(6)Purchase of stationary with pe
40、tty cash 10Which of the above transactions would be recorded in the purchases day book?选项：A、6B、4 and 5C、5D、3 and 5正确答案:【5】9、问题：You are an accounts assistant for Klemspeck Solutions,a company that sells computer equipment.The following transactions took place on 23 January 20X1:$(1)Cash sale of goods
41、 to Customers A Davis 200(2)Credit sale of goods to Customer H Tyre 150(3)Return of goods from Customer B Rudd 30(4)Payment to supplier Z Computers 900(5)Purchase invoice from supplier Z Computers 150(6)Purchase of stationary with petty cash 10Which of the above transactions would be recorded in the
42、 sales day book?选项：A、1B、2C、3D、2 and 3正确答案:【2】10、问题：You are an accounts assistant for Klemspeck Solutions,a company that sells computer equipment.The following transactions took place on 23 January 20X1:$(1)Cash sale of goods to Customers A Davis 200(2)Credit sale of goods to Customer H Tyre 150(3)Re
43、turn of goods from Customer B Rudd 30(4)Payment to supplier Z Computers 900(5)Purchase invoice from supplier Z Computers 150(6)Purchase of stationary with petty cash 10 Which of the above transactions would be recorded in the cash book?选项：A、1 and 4B、4 and 6C、1,4 and 6D、3,4 and 6正确答案:【1 and 4】5.1 自测题
44、自测题1、问题：Which of the following statements is true?选项：A、A debit records an increase in liabilities.B、A debit records a decrease in assets.C、A credit records an increase in liabilities.D、A credit records an decrease in capital.正确答案:【A credit records an increase in liabilities.】5.2 自测题自测题1、问题：T Tallon
45、had the following transactions:1 Sale of goods on credit for$150 to F Rogit 2 Return of goods from B Blendigg originally sold for$300 in cash to B Blendigg What are the correct ledger entries to record these transactions?选项：A、Dr Receivables$150 Dr Sales Returns$300 Cr Sales$150 Cr Cash$300B、Dr Sales
46、$150 Dr Cash$300 Cr Receivables$150 Cr Sales Returns$300C、Dr Receivables$450 Cr Sales$150 Cr Sales Returns$300D、Dr Sales Returns$300 Dr Sales$150 Cr Cash$450正确答案:【Dr Receivables$150 Dr Sales Returns$300 Cr Sales$150 Cr Cash$300】2、问题：In which book of prime entry will a business record debit notes in
47、respect of goods.Which have been sent back to suppliers?选项：A、The sales returns day bookB、The cash bookC、The purchase returns day bookD、The purchase day book正确答案:【The purchase returns day book】5.3 自测题自测题1、问题：A traders net profit for the year may be computed by using which of the following formulate?选
48、项：A、Opening capital+drawings capital introduced closing capitalB、Closing capital+drawings capital introduced opening capitalC、Opening capital drawings+capital introduced closing capitalD、Opening capital drawings capital introduced closing capital正确答案:【Closing capital+drawings capital introduced open
49、ing capital】2、问题：The profit made by a business in 20X7 was$35,400.The proprietor injected new capital of$10,200 during the year and withdrew a monthly salary of$500.If net assets at the end of 20X7 were$95,100,what was the proprietors capital at the beginning of the year?选项：A、$50,000B、$55,500C、$63,9
50、00D、$134,700正确答案:【$55,500】5.4 自测题自测题1、问题：Which of the following would be recorded in the sales day book?选项：A、Discounts allowedB、Sales invoicesC、Credit notes receivedD、Trade discounts正确答案:【Sales invoices】5.5 自测题自测题1、问题：SubCo purchases$250 worth of metal from Steel Co.Tin Co agrees to pay Steel Co in
