Accounting errors will happen from time to time, but many common accounting mistakes can () with proper planning and preparation.

A．Is used to record a credit balance in the cash account．

B．Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and/or from errors in processing petty cash transactions．

C．Is not necessary in a computerized accounting system．

D．Can never have a debit balanc

E．

Which of the following disclosures are required by IAS 8 Accounting policies, changes in accounting estimates

and errors in these financial statements？

1 The reasons for the change.

2 The amount of the consequent adjustment in the current period and in comparative information for prior periods.

3 An estimate of the effect of the change on future periods, where possible.

A 1 and 2 only

B 1 and 3 only

C 2 and 3 only

D All three items

听力原文： At the end of the total accounting period and after all transactions have been journalized and posted, the equality of the debit and credit entries is checked by preparing a trial balance. A trial balance is a schedule that lists the titles of the accounts in the general ledger and their debit or credit balances. If the trial balance is in balance, the financial statements can be prepared. If a trial balance does not agree, it implies that an error or errors have been made. The account balances, postings and the journal entries must be checked until the error is found. A trial balance does not prove that all transactions have been recorded or that the ledger is correct. The trial balance may still agree when a transaction is not journalized, a journal entry is not posted, an entry is posted twice, incorrect accounts are used in journalizing or posting, or offsetting errors are made in recording the amount of a transaction.

24. How does the accountant check the equality of the debit and credit entries？

25.What is a trial balance？

26.What is implied if a trial balance does not agree？

(24)

A．By posting all the entries.

B．By preparing a trial balance.

C．By comparing the entries on both sides.

D．By recording all the entries once more.

阅读下面的句子，根据文章内容进行判断，正确写“T”错误写“F”

Accounting errors will happen from time to time, but many common accounting mistakes can be avoided with proper planning and preparation. Here are the top seven accounting mistakes that should be paid more attention to.

(1 )Not knowing your true cash balance: Due to things like automatic payments and bank charges, money that appears in your cash drawer and your checking account may already be spent.

(2)Mistaking profits for cash: When you have a lot of credit sales, your company can post big profits without seeing any cash.

(3)Paying bills too soon: If your vendors give you thirty days to pay them, take it. Unless you get a discount for paying early, paying your bills only when they’re due improves your company’s cash flow.

(4)Avoiding book -keeping tasks: Not recording and posting transactions regularly leaves you with a mountain of book-keeping to deal with in the end.

(5)Paying accidental dividends: Every time a corporation owner takes money out of his business, it counts as a dividend. That can lead to a bigger personal income-tax bill.

(6)Not keeping personal finances separate from business: Mixing up business and personal money can cause bookkeeping and legal problems.

(7)Setting prices too low: Know your costs before you set product or service prices, or you run the risk of losing money on every sale. A simple break-even analysis can help you set prices at a profitable level.

() 21. Accounting mistakes cannot be avoided.

() 22. With a lot of credit sales, your company may have no cash at hand.

() 23. It is recommended not to pay bills too soon.

() 24. Business money and personal money can be mixed up.

() 25. Try your best to know your costs before you set product or service prices.

A.View errors

B.Show errors

C.Display errors

D.Check errors

Use the spell checker to correct spelling errors on the worksheet.()

The number of errors () surprising.

A、will be

B、were

C、have been

D、was

A.warningsonly

B.warnings，notifications，error，debugging，informational

C.warnings，errors，critical，alerts，emergencies

D.notifications，warnings，errors

E.warnings，errors，critical，alerts

________number of errors was surprisingly small.

A、The

B、A

C、One

D、Little

A. ordering

B. generalizing

C. categorizing

D. Identifying