Underwater sensor accuracy test which measures the detection range and bearing accuracies of sonar simulates sonar transmitting ping and underwater radiating noise of target vessels. In this test, because the position of sonar target is the reference position of test, the sonar target position should be precisely estimated. Hence, this paper suggests to apply USBL algorithm which adopts cross phase spectrum of received sensor signals, and presents its performance by range and bearing estimation simulations. As a result of simulations, suggested algorithm shows good accuracy for underwater sensor accuracy test near 5㏈ SNR.