西方会计,单选题( ) 16.Which of the following statements about accou

西方会计,单选题
( ) 16.Which of the following statements about accounting procedures is not correct?____ a.The journal shows in one place all the information about specific transactions,arranged in chronological order
b.A ledger account shows in one place all the information about changes in a specific asset or
liability,or in owner’s equity
c.Posting is the process of transferring debit and credit changes in account balances from the ledger to the journal
d.The end of the accounting cycle consists of formal financial statements,such as the balance sheet and the income statement
( ) 17.On March 31,the ledger for M.House Cleaning Service consists of the following:
Cleaning Equipment $1,780 Accounts Receivable $2,100
Accounts Payable 1,570 Cash 690
M.P,Capital 3,500 Salaries Payable 960
Office Equipment 1,200 Cleaning Supplies 260
In a trial balance prepared on March 31,the total of the credit column is _____.
a.$6,030 b.$2,530
c.$9,530 d.$8,560
( ) 18.The accounting records of Fabric Outlet include the following for January:
Sales $326,000 Transportation In $2,000
Purchases 260,000 Purchase Returns 9,000
Sales Discounts 6,000
A physical count determined the cost of inventory on hand at January 31 to be $34,000.If gross profit amounts to 25% of net sales,compute the beginning inventory at January 1.
a.$25,500 b.$19,500
c.$47,000 d.$21,000