Tài liệu Accounting principles Mid-semester test pdf

HANOI UNIVERSITY

FACULTY OF MANAGEMENT AND TOURISM

Accounting principles

Mid-semester test

BA-K06 - Tutorial 1&2

Student ID Number:

Student’s Name:

INSTRUCTIONS: Show all workings

Students should attempt all questions

TIME ALLOWED: 60 minutes writing and 5 minutes reading time

Part A - Multiple choice (30 marks)

There are 15 questions, each worth 1.5 marks. For each question, choose the best answer and circle

the appropriate letter.

1. If the equipment account has a balance of $22,500 and its accumulated depreciation account

has a balance of $14,000, the book value of equipment would be?

a. $36,500

b. $22,500

c. $14,500

d. $8,500

2. Which of the following items represents an accrual?

a. Prepaid insurance

b. Wages payable

c. Fees earned

d. Accumulated depreciation

3. If the supplies account before adjustment on May 31, indicated a balance of $2,250 and

supplies on hand at May 31 totaled $950, the adjusting entry would be

a. Dr Supplies $950 c. Dr Supplies expense $950

Cr Supplies expense $950 Cr Supplies $950

b. Dr Supplies $1,300 d. Dr Supplies expense $1,300

Cr Supplies expense $1,300 Cr Supplies $1,300

4. The form listing the titles and balances of the accounts in the ledger on a given date is

a. Income Statement

b. Balance Sheet

c. Statement of Owner’s equity