举一反三
- The official settlements balance or balance of payments is the sum of the current account balance and the capital account balance.
- An analysis that explains any differences between the checking account balance according to the depositor’s records and the balance reported on the bank statement is a(n) . ( ) A: bank reconciliation B: analysis of debits and credits C: trial reconciliation D: internal audit E: bank audit
- A simple account form widely used in accounting as a tool to understand how debits and credits affect an account balance is called a: A: Withdrawals account. B: Capital account. C: Drawing account. D: T-account. E: Balance column sheet.
- The current account balance does NOT equal ____. A: the difference between domestic product and domestic expenditure. B: the difference between national saving and domestic investment. C: net foreign investment. D: the difference between government saving and government investment.
- Net profit is calculated in the A: Trading account B: Profit and loss account C: Trial balance D: Balance sheet
内容
- 0
When preparing a budgeted balance sheet, the balance in the cash account is found on the ________.
- 1
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.
- 2
概念题：经常账户余额(current account balance)
- 3
Alfred is registered for sales tax. He makes sales of $25,000 including sales tax and purchases goods for $7,000 excluding sales tax. The opening balance on the sales tax account was $500 credit. Sales tax is 20%.What is the closing balance on the sales tax account? A: $3,600 B: $3,000 C: $2,267 D: $3,267
- 4
When the financial statements are prepared, the Bad Debts Account is closed by a transfer to the A: Balance Sheet B: Profit and Loss Account C: Trading Account D: Al lowance for Doubtful Debts Account