商科专业英文练习
1. 会计(1)
For questi##被过滤## 1 to 10 there is only ONE correct answer.
1. "The firm must be treated as financially separate and distinct form its' owner(s)". This rule is known as:
(Select one answer)
(a) The accounting equation
(b) The dual aspect concept
(c) The business entity concept
(d) The balance sheet
2. A firm buys stock for £100 by cheque and intends to sell it for £200, so the double-entry should be:
(Select one answer)
(a) Debit bank £100, Credit Stock £100
(b) Credit bank £200, debit stock £200
(c) Debit Purchases £100, Credit Sales £200
(d) Debit Purchases £100, Credit Bank £100
3. The system whereby we make two records for each transaction is known as
(Select one answer)
(a) Balance Sheet accounting
(b) Double-entry
(c) Dual aspect
(d) Management accounting
4. Which of the following is a liability?
(Select one answer)
(a) Creditors
(b) Debtors
(c) Stock
(d) Vehicles
5. A 'trade debtor' of AB ltd. can best be described as:
(Select one answer)
(a) A person or firm who bought goods from AB Ltd on credit and has not yet paid.
(b) A person or firm who borrowed money from AB |