1、单选题：
A company enters into the following transactions for the month of May 20X 1.•Purchased goods $3,800 on credit from supplier.•Bought fixtures $1,500 for cash.•Paid $20 in sundry expenses.•Sold goods to a customer, received $8,000 for cash.•Receives a bank loan of $5,000.•Pays the month's wages by $800 for cash.What is the total entry to the credit side of the cash T account? （ ）
选项：
A:$2,300.
B:$10,320.
C:$2,320.
D:$6,120.
答案: 【$2,320.】

2、单选题：
A business has capital of $20,000. Which of the following asset and liability figures could appear in the statement of financial position probably? （ ）
选项：
A:Assets ( $ )8,000 Liability ( $ ) 28,000
B:Assets ( $ )10,000 Liability ( $ ) 10,000
C:Assets ( $ )8,000 Liability ( $ ) 2,000
D:Assets ( $ )28,000 Liability ( $ ) 8,000
答案: 【Assets ( $ )28,000 Liability ( $ ) 8,000】

3、单选题：
Which of the following statements concerning a debit entry is incorrect? （ ）
选项：
A:Debit entries record increase in income.
B:Debit entries record decrease in capital or liabilities.
C:Debit entries record increase in expenses.
D:Debit entries record increase in asset.
答案: 【Debit entries record increase in income.】

4、单选题：
Which of the following statements about accounting concepts are correct? （ ）
选项：
A:The substance over form convention is that, transactions should be accounted for in according to its legal form, not economic reality.
B:The prudence concept means that understating of assets and overstating of liabilities is desirable.
C:IASB is trying to establish greater global uniformity with the accounting principles.
D:Neutrality and going concern are the two underlying assumptions in preparing financial statement.
答案: 【IASB is trying to establish greater global uniformity with the accounting principles.】

5、单选题：
Which of the following item is not an asset of a business? （ ）
选项：
A:Property.
B:Receivable.
C:Inventory.
D:Bank overdraft.
答案: 【Bank overdraft.】