Single choice exercise of Primary Accounting Practice
Since the primary accounting title exam is all objective questions, exercise training will help improve the scoring rate by looking at the rest of the textbook. Here are a few single choice questions on Primary Accounting Practice to see how many questions can be answered correctly.
Single choice exercise of Primary Accounting Practice
1. When an enterprise uses the planned cost method to allocate auxiliary production expenses, the account subject to which the difference between the expenses actually incurred in the production workshop and the expenses allocated and transferred out according to the planned unit cost is ().
A. Manufacturing expenses
B. Administrative expenses
C. Production cost
D. Selling expenses
2. On November 1, 2021, GD Company signed an installation service contract with the customer, which is expected to be completed on February 1, 2020; The total contract amount is 8 million yuan, and the estimated total cost is 5 million yuan. As of December 31, 2021, the company has actually incurred costs of 1.5 million yuan, and is expected to incur costs of 3.5 million yuan. It is assumed that the company will confirm the performance progress according to the proportion of the cost incurred in the estimated total cost. Then the company's operating income to be recognized in 2021 is () ten thousand yuan.
A. 150
B. 240
C. 350
D. 500
3. The increase in total owner's equity is caused by ().
A. Transfer of capital reserve to capital
B. Cash dividends declared to be distributed upon approval by the general meeting of shareholders
C. Surplus reserves to cover losses
D. Accept additional investment from investors
4. Which of the following does not belong to government financial accounting elements is ().
A. Assets
B. Liabilities
C. Net assets
D. Budget revenue
5. Among the following items, () belongs to the financial statements in government accounting.
A. Table of Budget Revenue and Expenditure
B. Budget carry forward balance change table
C. Income and expense statement
D. Statement of Revenue and Expenditure of Financial Appropriation Budget
right key
1、B
Answer analysis
The characteristic of the planned cost allocation method is that the labor services or products provided by the auxiliary production for each beneficiary unit are allocated according to the planned unit cost of the labor services or products, and the difference between the actual expenses of the auxiliary production workshop and the expenses allocated and transferred out according to the planned unit cost is fully included in the management expenses using the simplified calculation method.
2、B
Answer analysis
As of December 31, 2021, the company's performance progress=150 ÷ (150+350) × 100%=30%, so the revenue should be recognized=800 × 0.3=2.4 million yuan.
3、D
Answer analysis:
Options A and C belong to the internal increase and decrease of owner's equity, and the total amount will not change; Option B: declare the distribution of cash dividends and reduce the total owner's equity; Option D is to accept additional investment from investors and increase the total owner's equity.
4、D
Answer analysis:
Option D is an element of government budget accounting.
5、C
Answer analysis:
Accounting statements generally include balance sheet, income and expense statement and statement of changes in net assets; The budget accounting statements shall at least include the statement of budgetary revenues and expenditures, the statement of changes in the balance of budget carry forward and the statement of budgetary revenues and expenditures of financial appropriations.