Sunday, March 15, 2015

72 Free Test Bank for Accounting 8th Canadian Edition Horngren 

Practice is the key to mastering accounting skill. So, how do you practice effectively? Use our 72 free test bank for Accounting 8th Canadian Edition Horngren Multiple Choice Questions with answers to quickly check your understanding of many accounting concepts. It’s the best way to learn about current issues of accounting as well as cover all the topics in the first level accounting course. Lots and lots of following accounting questions are totally free, easy to follow and understand. Check it out!
Please visit the link below to get full questions and answers:
Which of the following forms of business organizations protect the personal assets of the owners from creditors of the business?
  •  
  •  
  •  
  •  
Transactions affecting owner's equity include:
  •  
  •  
  •  
  •  
The amount owed by an entity when it makes a purchase on account is termed a(n.:
  •  
  •  
  •  
  •  
According to GAAP, to be useful, accounting information must be all of the following except:
  •  
  •  
  •  
  •  
The payment of an account payable would:
  •  
  •  
  •  
  •  
Total assets and total liabilities were $31,000 and $26,000 respectively at the beginning of the period. Assets increased by 20% and liabilities increased by 10% during the period. What is the owner's equity at the end of the period?
  •  
  •  
  •  
  •  
Which of the following statements is false?
  •  
  •  
  •  
  •  
If total liabilities decrease by $22,000 and owner's equity increases by $8,000 during the period, then assets must have:
  •  
  •  
  •  
  •  
All of the following are assets except:
  •  
  •  
  •  
  •  
The principle that states that assets acquired by the business should be recorded at their exchange price is the:
  •  
  •  
  •  
  •  
The accounting equation can be stated as:
  •  
  •  
  •  
  •  
A business paid $8,500 to a creditor. The effect of this transaction is to:
  •  
  •  
  •  
  •  
If owner's equity is $135,000 and total liabilities are $90,000, then total assets would be:
  •  
  •  
  •  
  •  
Which of the following is not addressed by rules of professional conduct?
  •  
  •  
  •  
  •  
Owner's equity and total assets were $32,000 and $79,000 respectively at the beginning of the period. Assets increased 50% and liabilities decreased 60% during the period. What is owner's equity at the end of the period?
  •  
  •  
  •  
  •  
According to GAAP, the primary objective of financial reporting is to provide information:
  •  
  •  
  •  
  •  
Earning a revenue and immediately collecting the related cash would:
  •  
  •  
  •  
  •  
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)