会计英语判断题

1、( )Closing entries convert nominal accounts to zero balances.2、( ) Dividend Declared is a temporary account and is closed to Retained Earnings account at the end of the accounting period. 3、( )Purchases Returns and Allowances is recorded in the purchases journal.4、( )The term “prepaid” designates the seller is to remit to the freight company.5、( )A debit memo on a bank statement indicates an addition to the bank balance.7、( )External reporting (i.e., financial accounting) must follow GAAP in all respects.9、( )If one has made a sale for which the money has not yet been received, one would debit Unearned Revenues and credit Earned Revenues.10、( )An decrease in accounts receivable would be deducted from Net Income in the operating activities section in the statement of cash flows that employs the indirect method.12、( )Preparation of a worksheet helps reduce the possibility of overlooking an adjustment.13、( )The accrual basis of accounting often violates the matching rule.14、( )The owner’s withdrawals account is closed to the Income Summary account.