課程名稱︰會計學甲一上
課程性質︰系定必修
課程教師︰卓佳慶
開課學院：社科院
開課系所︰經濟系
考試日期（年月日）︰2006/12/12
考試時限（分鐘）：2:20~5:00
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
2006年秋 台灣大學 經濟系
會計學甲 第二次期中考 12/12
◎注意事項：
1.不得使用電子字典、Note book、行動電話與未經允許之電子設備。
2.請使用自己的文具用品、計算機與字典（紙本），不得與他人共用。
3.請遵守考場秩序與維護個人基本道德。
4.考試時間為下午2：20至5：00共計160分鐘，請把握時間。
一、選擇題（共20題，每題1分）：
1.Under a perpetual inventory system. which accounts would be closed to income
summary with credits?
(A) sales discounts and sales revenue
(B) sales return and allowances, sales revenue and inventory
(C) sales revenue and cost of good sold
(D) sales discounts, sales returns and allowances and cost of good sold
2.Two seperate errors affected Computer Sales in 2006. The beginning inventory
was understated by $28,000 and the ending inventory was understated by
$43,000. Net income in 2006 will be:
(A) understated by $15,000 (B) understated by $71,000
(C) overstated by $15,000 (D) understated by $43,000
3.The accounts payable subsidiary ledger has posting from which sets of
journals?
(A) sales, cash payments, and gernal
(B) purchases, cash receipts, and sales
(C) purchases, gernal, and cash payments
(D) purchases, gernal, and cash receipts
4.Which of the following is not an elememt of internal control?
(A) seperation of duties whenever possible
(B) relying on internal and external audits
(C) assigning resposibilities to individuals who have the authority to
administer them
(D) assigning to one individual te responsibility for accounting for and
custody od assets
5.After preparing the bank reconciliation, journal entries must be prepared
for:
(A) only for outstanding checks
(B) any errors made on the books revealed ny the bank recociliation
(C) all items on the bank's side
(D) any errors made by the bank revealed by the bank recociliation
6.A merchandiser will earn an operating income of exactly $0 when
(A) net sales equals cost of goods sold.
(B) cost of goods sold equals gross margin.
(C) operating expenses equals net sales.
(D) gross profit equals operating expenses.
7.Which of the following is true statement about inventory systems?
(A) Periodic invetory systems required more detailed inventory records.
(B) Perpetual inventory systems required more deetailed inventory records.
(C) A peiodic system requires cost of goods sold be determined after each
sales.
(D) A perpetual system determines cost of goods sold only at the end of the
accounting period.
8.When using the periodic system the physical inventory count is used to
determine
(A) only the sales value of goods in the ending inventory.
(B) both the cost of the goods in ending inventory and the sales value of
goods sold during the period.
(C) both the cost of goods sold and the cost of ending inventory.
(D) only the cost of merchandise sold during the period.
9.Which of the following items does not result in an adjustment in the
merchandise inventory account under a perprtual system?
(A) A purchase of merchandise.
(B) A return of merchandise inventory to the supplier.
(C) Payment of freight costs for goods shipped to a customer.
(D) Payment of freight costs for goods received from a supplier.
10.A purchase invoice is a document that
(A) provides support for goods purchased for cash.
(B) provises evidence of incurred operating expenses.
(C) provides evidence of credit purchases.
(D) serves only as a customer receipt.
11.The Sales Returns and Allowances account is classified as a(n)
(A) asset account.
(B) contra asset account.
(C) expense account.
(D) contra revenue account.
12.Indicate which one of the following would not appear on both a single-step
income statement.
(A) Gross profit.
(B) Operating expenses.
(C) Sales revenue
(D) Cost of goods sold
13.The amount of cost of good available for sale during the year depends on the
amounts of
(A) beginning merchandise inventory and cost of goods sold.
(B) beginning merchandise inventory, net cost of perchases, and ending
merchandise inventory.
(C) beginning merchandise inventory,cost of goods sold, and ending
merchandise inventory.
(D) beginning merchandise inventory and net cost of perchases.
14.If goods in transit are shipped FOB destination
(A) the seller has legal title to the goods until they are delivered.
(B) the buyer has legal title to the goods until they are delivered.
(C) the transportation company has legal title to the goods while the goods
are in transit.
(D) no one has legal title to the goods until they are delivered.
15.Which of the following statements is true regarding inventory cost flow
assumptions?
(A) A company may use more than one costing method concurrently.
(B) A company must comply with the method specified by industry standards.
(C) A company must use the same method for domestic and foreign operation.
(D) A company may never change its inventory costing method once it has
chosen a method.
16.In a period of declining prices, which of the following inventory methods
generally results in the lowest balance sheet figure for invnetory?
(A) Average cost method
(B) LIFO method
(C) FIFO method
(D) Need more information to answer
17.Internal controls are not designed to safegard assets from
(A) natural disasters.
(B) emloyee theft.
(C) robbery.
(D) unauthorized use.
18.A consequence of separation of duties is that
(A) theft by employees becomes impossible.
(B) operations become extremely inefficient because of constant training of
employees.
(C) more employees will need to be bonded.
(D) theft is possible only when several employees are involved.
19.Two individuals at a retail store work the same cash register. You evaluate
this situation as
(A) a violation of establishment of responsibility.
(B) a violation of separation of duties.
(C) supporting the establishment of responsibility.
(D) supporting internal independent verification.
20.Deposits in transit
(A) have been recorded on the company's books but not yet by the bank.
(B) have been recorded by the bankbut not yet by the company.
(C) have not been recorded by the bank or the company.
(D) are customers' checks that no yet been received by the company.
二、基本題（共2題，第一小題10分；第二小題5分$）：
1.Below are some typical transaction incurred by Chia-Chia Company.
1)Purchase of merchandise on account.
2)Collection on account from customers.
3)Payment of employee's wages.
4)Close Income Summary to owner's capital.
5)Adjusting entry for depreciation on machinery.
6)Payment of creditors on account.
7)Sales discount taken on goods sold on credit.
8)Sales of merchandise on account.
9)Purchase of a delivery truck for cash.
10)Purchase of office supplies for cash.
【Instructions】 For each transaction, indicate by the code letter the
appropriate journal where the transacion would be journalized.
Sales Journal-->S Purchases Journal-->P Cash Receipts Journal-->CR
Cash Payments Journal-->CP General Journal-->G
2.CT Company is preparing the annual financial statements dated December 31,
2006. Information about inventory stocked for regular sale follows:
Inventory Quantity on hand Unit cost Replacement
when accquired Unit cost
Green Tea 50 $20 $18
Oolong Tea 100 45 47
Black Tea 20 60 55
Fruit Tea 40 40 40
【Instructions】
(1) Compute the valuation for the December 31, 2006, inventory using the
lower of cost or market basis.
(2) Journalize the adjusting entry.
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