Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 13 Managerial Accounting I: Concepts and Principles Self-Test I. True and False Questions Managerial accounting places less emphasis on precision and more emphasis on flexibility

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 12 Internal Controls and Business ethics Self-Test True or False 1. The accounts receivable subsidiary ledger controls the accounts receivable account in the genel

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Understanding Accounting Standards es True and False Questions 1. Accounting standards are laws accountants should follow in their work

ask Team of FUNDAMENTAL aCcoUnting School of Business Sun Yat-sen Universit Lesson 10 Understanding and Using financial Statements What type of analysis is indicated by the following? Percent Current assets

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 9 Financial Statements Self-Test 1. True or Fals 1) Financial statements are standard documents that tell us, in financial terms, how well a

Task Team of FUNDAMENTAL ACCoUntIng School of Business Sun Yat-sen Universit Lesson 8 Accounting Information System Self-Test In the following choice, which is not the principle of accounting sytems? A. Cost-effective bal C. Internal control B. Effective reporting

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 7 Merchandise Inventories and Cost of sales I. True and false Questions The inventory of a merchandising company may include manufactured products, but not

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 6 Accounting for Merchandising Activities Self-Test L. True and False Questions The income statement of a wholesaler includes a deduction from revenue representing the cost

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 5 Completing the Accounting Cycle Self-Test Answer the following questions: 2. what is the purpose of income summary account?

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 4 Adjusting Accounts for Financial Statement Self-Test Answer the following questions 1. what is an accrued revenue? Give an example 2. what is the difference between the cash basis and accrual basis of