超星 - Chapter 2 ——LO4

单选题

Which of the following is a financial statement that presents a business's accounting equation?

A. chart of accounts
B. trial balance
C. income statement
D. balance sheet

单选题

A journal entry for a $75 payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. This error will cause which of the following conditions on the trial balance?

A. The sum of the credits will equal the sum of the debits.
B. The sum of the debits will exceed the sum of the credits by $75.
C. The sum of the debits will exceed the sum of the credits by $150.
D. The sum of the credits will exceed the sum of the debits by $150.

查看答案

单选题

A journal entry for a $250 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $520 and a credit to Cash for $250. Which of the following statements correctly states the effect of the error on the trial balance?

A. The sum of the credits will exceed the sum of the debits by $270.
B. The sum of the debits will exceed the sum of the credits by $250.
C. The sum of the debits will exceed the sum of the credits by $270.
D. The sum of the debits will exceed the sum of the credits by $520.

查看答案

单选题

Which of the following statements is true of a trial balance?

A trial balance is the first step in the accounting cycle.
B. A trial balance is also known as a balance sheet.
C. A trial balance is a list of all accounts with their balances.
D. A trial balance is also known as the chart of accounts.

查看答案

单选题