（b） accounts in the ledger are usually maintained in the order in which they appear on the fi-nancial statements. &NSm=0vm_ZsmbadK [ 本 资 料 来 源 于 贵 州 学 习 网 考研一方会计硕士 http://Www.gzU521.com ] &NSm=0vm_ZsmbadK

　　（c） gaap require the use of the cash basis of accounting.

　　（d） since the adustment are eroered no the work sheet， it is not necessary to record them inthe journal.

　　（e） purchases returns & allowances normally has a debit balance.

　　2. muitiple choice（5）

　　（a） for the current fiscal year， sales were $950， 000， sales returus and allowances were $40， 000， purchases were 750， 000， and purchases discounts were $3， 500 merchandise inven-tory at the beginning of the year was $l00， 000， and at the end of the year it was $95， 000. what was the cost of merchandise sold？

　　a. $9l0，000　　　　　　　　　 b. $665，000.

　　c. $573， 500　　　　　　　　　d. $571， 500

　　（b） every controlling account must have its own：

　　a. revenue ledger　　　　　 b.general ledger

　　c. subsidiary ledger　　　　d.ournal

　　（c） accompanying the bank statement was a debit memorandum for an nsf check received from a customer. this item would be included on the bank reconciliation as：

　　a. a deduction from the balance per depositors records.

　　b. an addition to the balance per bank statement

　　c. a deduction from the balance per bank statement

　　d. an addition to the balance per depeitors records.

　　（d） a 60 - day， 12% note for $10， 000， dated may 1， is received from a customer on ac- counts. if the note is discounted on may 21 at 15%， the proceeds are：

　　a. $10，030　　　　　　　　 b. $170

　　c. $9，830　　　　　　　　　d. $10，000

　　（e） merchandise inventory at the end of year 1 was overstated by $5， 000. and at the end of year 2 it was understated by $10， 000， which of the following statement correctly states the ef-fect of the errors in net income for year 2？ZxwBl_e+l$ch05{%u[ 此文转贴于我的学习网考研一方会计硕士 http://www.Gzu521.com]ZxwBl_e+l$ch05{%u

　　a. understated $15， 000　　b. overstated $5， 000

　　c understated $5， 000　　d. overstated $15，000

　　3. equipment purchased at the beginning of the fiscal year for $165， 000 is expected to have

　　a useful life of 5 years， and a residual value of $15， 000. compute the depreciation for the first and second years use by each of the following methods：

　　（a）double - declining - balance

　　（b）sum- of- the- years- digits （5）

　　4. indicate the section in which each of the following would be reported on the staement of cash flows：

　　（a） purchase of plant assets

　　（b） operating incom

　　（c） retirement of long-term debt

　　（d） sale of capital stock

　　（e） sale of plant assets

　　（f） payment of cash dividends

　　（g） bo on sale of plant assets

　　（h） receipt of casn dividens

　　（i） payment of interest expense （5）

　　5. jmp 1， 1991 abc company issued 400， 5 year， 8% bonds. the par value was $1>