财务英语 练习题(含答案)

Question

1.What are the three basic types of accounts and two additional ones?

2.Describe the effects of each of the following business transactions on assets, liabilities, and owners’ equity.(写出借方发生的变化及贷方发生的变化)

A.bought equipment on credit

Assets , debit for increase

Liabilities , credit for increase

B.Paid salaries to employees

Liabilities , debit for decrease

Assets , credit for decrease

C.Sold services for cash

Assets , debit for increase

Owners’ equaties , credit for increase

D.Paid cash to a creditor

Liabilities , debit for decrease

Assets , credit for decrease

E.Paid cash for furniture

Assets , debit for increase

Assets , credit for decrease

F.Sold services on credit

Assets , debit for increase

Owners’ equaties , credit for increase

3.Describe the rules of debit and credit（只需填入debit/credit）Requirement: Complete each of the following statement by using the word debit and credit wherever appropriate.

1.Assets accounts normally have debit balances. These accounts increase on the debit side and decrease on the credit side.

2.Liabilities accounts normally have credit balances. These accounts increase on the credit side and decrease on the debit side.

3.The owners’ capital account normally has credit balance. This account increase on the credit side and decrease on the debit side.