(完整版)会计英语模拟卷
会计英语模拟练习题
会计英语模拟练习题### 会计英语模拟练习题#### 一、选择题（每题2分，共20分）1. Which of the following is not a financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Organizational Chart2. The term "Double Entry Accounting" refers to:A. Recording transactions twiceB. Recording transactions in two different accountsC. Recording transactions in two different waysD. Recording transactions in two different currencies3. What is the purpose of adjusting entries?A. To correct past errorsB. To update the financial records for the current periodC. To prepare for the next accounting periodD. To predict future financial performance4. The accounting equation is:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Liabilities = Assets - Equity5. Which of the following is not a type of inventory valuation?A. FIFOB. LIFOC. Weighted AverageD. Net Present Value#### 二、填空题（每题2分，共20分）6. The process of recording financial transactions in the order they occur is known as __________.7. The __________ is a summary of the changes in a company's financial position over a period of time.8. A __________ is an expense that has been incurred but not yet paid.9. The __________ method of depreciation allocates the cost of a fixed asset over its useful life.10. The __________ is the difference between the opening and closing balances of an account.#### 三、简答题（每题15分，共40分）11. Explain the concept of "matching principle" in accounting and its importance.12. Describe the steps involved in preparing a balance sheet.#### 四、案例分析题（20分）13. Assume you are an accountant for a small business. The business has just completed its fiscal year. You have been provided with the following information:- Total revenue for the year: $500,000- Cost of goods sold: $300,000- Operating expenses: $100,000- Depreciation expense: $20,000- Interest expense: $10,000Calculate the net income of the business and prepare a brief income statement in English.Note: This is a simulated exercise intended for educational purposes only. The questions and answers provided are for illustrative purposes and may not reflect actual accounting practices or standards.。
会计英语试题及含
会计英语试题及答案会计专业英语是会计专业人员职业睁开的必要工具。
学习会计专业英语就是学习如何借助英语解决与完成会计实务中涉外的专业性问题和任务。
以下为你收集了会计英语练习题及答案，希望给你带来一些参照的作用。
一、单项选择题1. Which of the following statements aboutaccounting concepts or assumptions are correct? 1〕 The money measurement assumption is that items in accounts are initially measured at their historical cost.2 〕 In order to achieve comparability it may sometimes be necessary to override the prudence concept.3 〕 To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4 〕 To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 32. Johnny had receivables of $5 500 at the startof 2021. During the year to 31 Dec 2021 he makes credit sales of $55 000 and receives cash of $46 500 from creditcustomers. What is the balance on the accounts receivables at 31 Dec 2021? A. $8 500 Dr B.$8 500 Cr C. $14 000 Dr D. $14000 Cr3. Should dividends paid appear on the face of a company ’ s cash flow statement?A. YesB. NoC. Not sureD. Either4. Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping?A. Weighted Average costB. First in first out (FIFO)C. Last in first out (LIFO)D. Unit cost5. Which of following items may appear asnon-current assets in a company ’ s the statement of financial position?(1) plant, equipment, and property (2) company car(3) 4000 cash (4) 1000 cheque A. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Which of the following items may appear as current liabilities in a company ’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year. (3) income tax accrued untill year end. (4) Preference dividend accrued A (1), (2) and (3) B (1), (2) and (4) C (1), (3) and (4) D (2), (3) and (4)7. The trial balance totals of Gamm at 30 September 2021 are:Debit $992,640 Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the motor expenses account$27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance. A 1 and 2 B 2 and 3 C 2 and 4 D 3 and 48. Listed below are some characteristics offinancial information. (1) True (2) Prudence (3)Completeness (4) CorrectWhich of these characteristics contribute to reliability? A (1), (3) and (4) only B (1), (2) and (4) only C (1), (2) and (3) only D (2), (3) and (4) only(window.cproArray = window.cproArray ||[]).push({ id: "u3054369" });9. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fixed asset(2) substance over form means that the commercial effect of a transaction must always be shown in the financial statements even if this differs from legal form(3) in order to achieve the comparable, itemsshould be treated in the same way year on year A. 2and 3 only B. All of them C. 1 and 2only D. 3 only10. which of the following about accruals conceptare correct? (1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant with it ’s paid or notA. 2 and 3 onlyB. All of themC. 1 and2 only D.3 only二、翻译题1 、将以下分录翻译成英文1. 借：固定财富清理 30 000累计折旧 10 000贷：固定财富 40 0002 ．借：应付票据 40 000贷：银行存款 40 0002 、将以下词组按要求翻译〔中翻英，英翻中〕 (1) 零用资本 (2) 本票 (3) 试算平衡(4) 不动产、厂房和设备 (5) Notes and coins (6) money order (7) general ledger (8) direct debt (9) 报销(10) revenue and gains三、业务题Johnny set up a business and in the first a few days of trading the following transactions occurred (ignoreall the tax):1) He invests $80 000 of his money in his business bank account.2) He then buys goods from Isabel, a supplier for$4 000 and pays by cheque, the goods is delivered right after the payment3) A sale is made for $3 000 – the customer paysby cheque4) Johnny makes another sale for $2 000 and the customer promises to pay in the future 5) He then buys goods from another supplier, Kamen, for $2 000 on credit, goods is delivered on time6) He pays a telephone bill of $800 by cheque7) The credit customer pays the balance on hisaccount8) He returened some faulty goods to his supplier Kamen, which worth $400. 9) Bank interest of $70 is received10) A cheque customer returned $400 goods to himfor a refund(window.cproArray = window.cproArray ||[]).push({ id: "u3054371" });参照答案1 、单项选择题1-5 CCACB 6-10 DCABA2 、翻译题1 〕中翻英1.Dr disposal of fixed assetDepreciation Cr fixed asset2.Dr notes payableCr bank3 、业务题1) Dr Cash Cr capital2) Dr finishedgoods Cr Cash3)Dr CashCr sales revenue4) Dr accountsreceivable Cr sales revenue5) Dr finishedgoods Cr accounts receivable6) Dr administrative expense Cr Cash7)Dr CashCr accounts receivable8)Dr CashCr finished goods9)Dr CashCr financial expense10) Dr salesrevenue Cr Cash。
会计专业英语试卷（推荐5篇）
A.withdrawalsB.accounts receivableC.interest payable 6.Which of the following is an assets account?
A.notes missionC.bonds payable 7.Which of the following is an owner’s equity account?
Passage 1
Many rule govern drivers on the streets and highways.The most common one is the speed limit.The speed limit controls how fast a car may go.On streets in the city, the speed limit is usually 25 or 35 miles per hour.On the highways between cities, the speed limit is usually 55 miles per hour.When people drive faster than the speed limit, a policeman can stop them.The policeman gives them pieces of paper which call traffic tickets.Traffic tickets tell the drivers how much they must pay.When drivers receive too many tickets, they probably cannot drive for a while.The rush hour is when people are going to or returning from work.At rush hour there are many cars on the streets and traffic moves very slowly.Nearly al big cities have rush hours and traffic jams.Drivers do not get tickets very often for speeding during the rush hour because they cannot drive fast.1.The most common rule to govern drivers on the streets and highways is _____.A.the traffic lightB.the traffic licenseC.the traffic jamD.th计专业英语试卷（推荐5篇）
(完整版)会计专业英语模拟试题及答案
(完整版)会计专业英语模拟试题及答案《会计专业英语》模拟试题及答案一、单项选择题（每题 1 分，共 20 分）1.Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2） In order to achieve comparability it may sometimes be necessary to override the prudence concept.3） To facilitate comparisons between different entities it is helpful if accounting policiesand changes in them are disclosed.4） To comply with the law, the legal form of a transaction must always be reflected in financial statements.A 1 and 3B 1 and 4C 3 onlyD 2 and 32.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010he makes credit sales of $55 000 and receives cash of $46 500 from credit customers.A.$8 500 DrB.$8 500 CrC.$14 000 DrD.$14 000 Cr3.Should dividends paid appear on the face of a companycash flow statement?’A.YesB.NoC.Not sureD.Either4.Which of the following inventory valuation methods is likely to lead to the highestfigure for closing inventory at a time when prices are dropping?A.Weighted Average costB.First in first out (FIFO)st in first out (LIFO)D.Unit cost5.Which of following items may appear as non-currentassets in a companythe’statement of financial position?(1) plant, equipment, and property(2) company car(3) ?4000 cash(4) ?1000cheque A. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Which of the following items may appear as current liabilities in a company ’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year.(3) income tax accrued untill year end.(4) Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7. The trial balance totals of Gamma at 30 September 2010 are:Debit $992,640Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trialbalance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rentpayable account.2.The balance on the motor expenses account $27,680 has incorrectly been listed in thetrial balance as a credit.3.$6,160 proceeds of sale of a motor vehicle has been posted to the debit of motorvehicles asset account.4.The balance of $21,520 on the rent receivable account has been omitted from the trial balance.A 1 and 2B 2 and 3C 2 and 4D 3 and 48.Theta prepares its financial statements for the year to 30 April each year. The companypays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 Octobereach year. The annual rent was $84,000 per year until 30 June 2010. It was increasedfrom that date to $96,000 per year. What rent expense and end of year prepayment shouldbe included in the financial statements for the year ended 30 April 2010?Expense PrepaymentA $93,000 $8,000B $93,000 $16,000C $94,000 $8,000D $94,000 $16,0009. At 30 September 2010, the following balances existed in the records of Lambda:Plant and equipment: $860,000Depreciation for plant and equipment: $397,000During the year ended 30 September 2010, plant with a written down value of $37,000 wassold for $49,000. The plant had originally cost $80,000. Plant purchased during the year cost $180,000. It is the company.s policy to charge a full year depreciation in the year ofacquisition of an asset and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010for plant and equipment?A$563,000B$467,000C$510,000D$606,00010.A company’ s plant and machinery ledger account forthe year ended 30 September2010 was as follows:Plant and machinery–cost2009 $ 2010 $1 October balance b/f 381 200 1 June Disposal 36 0001 Dec cash 18 000 30 Sept balance c/f 363 200399 200399 20030 Sept balance b/f363 200The company ’ s policy is to charge depreciation at 20% per year on the straight line basis,with proportionate depreciation in years of purchase and disposal. What is the depreciation charge for the year ended 30 September 2010?A $74,440B $84,040C $72,640D $76,84011. Listed below are some characteristics of financial information.(1) True(2) Prudence(3) Completeness(4) CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) onlyB (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only’ s 12. The plant and machinery cost account of a company is shown below. The companypolicy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.Plant and machinery–cost2009 $ 2009 $1 Jan balance b/f 280 000 30 June disposal 14 0001Apr cash 48 0001Sept cash 36 000 31 Dec balance c/f 350 000364 000 364 000Balance b/f 350 000What should be the depreciation charge for the year ended 31 December 2009?A.$67,000B.$64,200C.$70,000D.$68,60013. In preparing its financial statements for the current year, a company ng’inventorysclosiwas understated by $300,000. What will be the effect of this error if it remains uncorrected?A The current year’ s profit will be overstated and next year’ s profit will be understB The current year ’s profit will be understated but there will be no effect on next year ’ sprofitC The current year’ s profit will be understated and next yearD The current year ’profits will be overstated but there will be no effect profit.’ s profit will be overst on next year s’14. In preparing a company’s cash flow statement, which, if any, of the following items could form part of the calculation of cash flow from financing activities?(1)Proceeds of sale of premises(2)Dividends received(3)Issue of sharesA 1 onlyB 2 onlyC 3 onlyD None of them.15. At 31 March 2009 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 2010 totalled $34,600. Based on these figures, what amount should appear in the company’ s income statement for heating year?oilfor the A$23,900B$36,100C$45,300D$33,10016. In times of inflation In times of rising prices, what effect does the use of the historical cost concept have on a company’ s asset values and profit?A.Asset values and profit both undervaluedB.Asset values and profit both overvaluedC.Asset values undervalued and profit overvaluedD.Asset values overvalued and profit undervalued17. Beta purchased some plant and equipment on 01/07/2010 for $60,000. The estimatedresidual value of the plant in 10 years time is estimated to be $6,000. Beta ’ s policy is tocharge depreciation on the straight line basis, with a proportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Beta ’accountingsperiod of 18 months to 30/09/2010 ?A.$5400B.$900C.$1350D.$67518.A company’ incomes statement for the year ended 31 December 2005 showed a netprofit of $83,600. It was later found that $18,000 paid for the purchase of a motor van hadbeen debited to the motor expenses account. It is the company depreciate’spolicymotorvans at 25 per cent per year on the straight line basis, with a full year rge in the year of ’ s cha acquisition. What would the net profit be after adjusting for this error?A. $97,100B. $70,100C. $106,100D. $101,60019. Which of the following statements are correct?(1)to be prudent, company charge depreciation annually on the fixed asset(2)substance over form means that the commercial effect of a transaction must alwaysbe shown in the financial statements even if this differs from legal form(3)in order to achieve the comparable, items should be treated in the same way year onyear A. 2 and 3 onlyB. All of themC.1 and2 only D.3 only20.which of the following about accruals concept are correct?(1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant withit or notA. 2 and 3 onlyB. All of themC.1 and2 only D.3 only二、翻译题（共 30 分）1、将以下分录翻译成英文（每个 2 分，共 10 分）1. 借：固定财产清理30 000累计折旧10 000贷：固定财产40 0002. 借：银行存款10 500贷：交易性金融财产10 000投资利润5003．借：对付员工薪酬 1 000贷：库存现金 1 0004．借：银行存款 4 095贷：其余业务收入 3 500应交税费–应交增值税（销项税额）5955．借：对付单据40 000贷：银行存款40 0002、将以下报表翻译成中文（每空 1 分，共 20 分）1.ABC group the statement of financial position as at 31/Dec/2010?2.Non-current assets3.Intangible assets4.Property, plant and equipment5.Investment in associates6.Held-for-maturity investment7.Deferred income tax assets8.Current Assets9.Trade and other receivables10.Derivative financial instruments11.Cash and cash equivalents12.Assets of discontinued operation13.Assets in total14.Current Liabilities15.Accrued payroll16.Accrued dividend17.Accrued accounts18.Non-current Liabilities19.Liabilities in total Assets三、阅读题（共 30 分）Research and development (R&D)Accounting treatment of R&DUnder International Accounting Standards the accounting for R&D is dealt with under IAS 38, Intangible Assets. IAS 38 states that an intangible asset is to be recognised if, and onlyif, the following criteria are met: it is probable that future economic benefits from theasset will flow to the entity, the cost of the asset can be reliably measured.The above recognition criteria look straightforward enough, but in reality it can prove to be very difficult to assess whether or not these have been met. In order to make this recognition of intangibles more clear, IAS 38 separatesan R&D project into a research phase and a development phase.Research phaseIt is impossible to demonstrate whether or not a product or service at the research stagewill generate any probable future economic benefit. As a result, IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.Development phaseUnder IAS 38, an intangible asset arising from development must be capitalised if an entity can demonstrate all of the following criteria: the technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset; existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably. If any of the recognition criteria are not met then the expenditure must be charged to the income statement as incurred. Note that if the recognition criteria have been met, capitalisation must take place. Once development costs have been capitalised, the asset should be amortisedin accordance with the accruals concept over its finite life. Amortisation must only begin when commercial production has commenced.Questions:1)Outline the criterias of recognition of intangible assets（5 分）2)Criterias to recognised as development (5分)3)Identify the accounting treatment of research phase（ 10 分）4)Identify the accounting treatment of development phase（10 分）四、业务题（按要求用英文编制分录，每题 2 分，共 20 分）Johnny set up a business and in the first a few days of trading the followingtransactions occurred (ignore all the tax):1)He invests $80 000 of his money in his business bank account2)He then buys goods from Isabel, a supplier for $4 000 and pays by cheque, the goodsis delivered right after the payment3) A sale is made for $3 000–the customer pays by cheque4)Johnny makes another sale for $2 000 and the customer promises to pay in the future5)He then buys goods from another supplier, Kamen, for $2 000 on credit, goods isdelivered on time6)He pays a telephone bill of $800 by cheque7)The credit customer pays the balance on his account8)He returened some faulty goods to his supplier Kamen, which worth $400.9)Bank interest of $70 is received10)A cheque customer returned $400 goods to him for a refund参照答案1、单项选择题1-5 CCACB 6-10 DCDCD 11-15 ABCDD 16-20 CBABA2、翻译题1）中翻英1.Dr disposal of fixed assetDepreciation2.Dr BankCr Tradable financial assetInvestment income3．Dr accrued payrollCr cash4．Dr bankCr other operating revenueAccrued tax-VAT (output)5．Dr accrued notesCr bank2)英翻中1.编制单位： ABC 财产欠债表时间： 2010 年 12 月 31 日单位：欧元2.非流动财产3.无形财产4.固定财产5.长久股权投资6.拥有至到期投资7.递延所得税财产8.流动财产9.应收账款及其余应收款10.钱币资本11.非连续性经营财产12.财产总计13.欠债14.流动欠债15.对付员工薪酬16.对付股利17.对付账款18.非流动欠债19.欠债总计20.净财产3、阅读题1) Outline the criterias of recognition of intangible assets（5 分）IAS 38 states that an intangible asset is to be recognised if, and only if, the followingcriteria are met: it is probable that future economic benefits from the asset will flowto the entity, the cost of the asset can be reliably measured.2)Criterias to recognised as developmentthe technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset;existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably.3)Identify the accounting treatment of research phase（ 10 分）IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.4)Identify the accounting treatment of development phase（10分）intangible asset arising from development must be capitalised Once developmentcosts have been capitalised, the asset should be amortised in accordance with theaccruals concept over its finite life. Amortisation must only begin when commercialproduction has commenced.4、业务题1)Dr bankCr capital2)Dr finished goodsCr bank3)Dr bankCr sales revenue4)Dr accounts receivableCr sales revenue5)Dr finished goods Craccrued accounts6)Dr administrativeCr bank7)Dr bankCr accounts receivable8)Dr bank9)Dr bankCr financial expense10)Dr sales revenueCr bank11)。
中级财务会计英模拟试题
中级财务会计英模拟试题（分录部分）考点一：应付账款与应付票据Ex. 13-68—Notes payable.On August 31, Fargo Co. partially refunded $270,000 of its outstanding 10% note payable made one year ago to Arma State Bank by paying $270,000 plus $27,000 interest, having obtained the $297,000 by using $78,600 cash and signing a newone-year $240,000 note discounted at 9% by the bank.Instructions(1) Make the entry to record the partial refunding. Assume Fargo Co. makes reversingentries when appropriate.(2) Prepare the adjusting entry at December 31, assuming straight-line amortizationof the discount.Solution 13-68(1) Notes Payable ........................................................................ 270,000Interest Expense ............................................................................ 27,000Discount on Notes Payable (9% × $240,000) ............................... 21,600Notes Payable ................................................................... 240,000Cash .................................................................................. 78,600 (2) Interest Expense (1/3 × $21,600) .................................................. 7,200Discount on Notes Payable ............................................... 7,200 Pr. 13-75—Accounts and Notes Payable.Described below are certain transactions of Beacon Company for 2004:1. On May 10, the company purchased goods from Jay Company for $90,000, terms2/10, n/30. Purchases and accounts payable are recorded at net amounts. Theinvoice was paid on May 18.2. On June 1, the company purchased equipment for $120,000 from Nolan Company,paying $40,000 in cash and giving a one-year, 9% note for the balance.3. On September 30, the company discounted at 10% its $240,000, one-yearzero-interest-bearing note at First State Bank.Instructions(a) Prepare the journal entries necessary to record the transactions above usingappropriate dates.(b) Prepare the adjusting entries necessary at December 31, 2004 in order toproperly report interest expense related to the above transactions. Assumestraight-line amortization of discounts.(c) Indicate the manner in which the above transactions should be reflected in theCurrent Liabilities section of Beacon Company's December 31, 2004 balancesheet.Solution 13-75(a) May 10, 2004Purchases/Inventory ...................................................................... 88,200Accounts Payable .............................................................. 88,200 May 18, 2004Accounts Payable .......................................................................... 88,200Cash .................................................................................. 88,200 June 1, 2004Equipment ...................................................................................... 120,000Cash .................................................................................. 40,000Notes Payable ................................................................... 80,000 Solution 13-75 (cont.)September 30, 2004Cash ............................................................................................. 216,000Discount on Notes Payable ........................................................... 24,000Notes Payable ................................................................... 240,000 (b) Interest Expense ............................................................................ 4,200Interest Payable ($80,000 × .09 × 7/12) ........................... 4,200 Interest Expense ............................................................................ 6,000Discount on Notes Payable ($24,000 × 3/12) ................... 6,000 (c) Current LiabilitiesInterest payable $ 4,200 Note payable—Nolan Company 80,000 Note payable—First State Bank $240,000Less: Discount on note 18,000 222,000$306,200考点二：股票的出售再出售Ex. 15-78—Treasury stock.Camby Corporation's balance sheet reported the following:Capital stock outstanding, 5,000 shares, par $30 per share $150,000 Paid-in capital in excess of par 80,000 Retained earnings 100,000 The following transactions occurred this year:(a) Purchased 80 shares of capital stock to be held as treasury stock, paying $60 pershare.(b) Sold 60 of the shares of treasury stock at $65 per share.(c) Sold the remaining shares of treasury stock at $50 per share.InstructionsPrepare the journal entry for these transactions under the cost method of accounting for treasury stock.(a) Treasury Stock 4,800Cash ............................................................................................ 4,800 (b) Cash ..................................................................................................... 3,900Treasury Stock .............................................................................. 3,600Paid-in Capital from Treasury Stock (300)(c) Cash ....................................................................................................... 1,000Paid-in Capital from Treasury Stock (200)Treasury Stock .............................................................................. 1,200 Ex. 15-79—Treasury stock.Gagne Company's balance sheet shows:Common stock, $20 par $3,000,000Paid-in capital in excess of par 1,050,000Retained earnings 750,000InstructionsRecord the following transactions by the cost method.(a) Bought 4,000 shares of its common stock at $29 a share.(b) Sold 2,000 treasury shares at $30 a share.(c) Sold 800 shares of treasury stock at $26 a share.Solution 15-79(a) Treasury Stock ........................................................................... 116,000Cash ...................................................................................... 116,000 (b) Cash .................................................................................................... 60,000Treasury Stock ...................................................................... 58,000Paid-in Capital from Treasury Stock ..................................... 2,000 (c) Cash .................................................................................................... 20,800Paid-in Capital from Treasury Stock .................................................. 1,600Retained Earnings (800)Treasury Stock ...................................................................... 23,200 Ex. 15-80—Treasury stock.In 2003, Nichols Co. issued 200,000 of its 500,000 authorized shares of $10 par value common stock at $35 per share. In January, 2004, Nichols repurchased 10,000shares at $30 per share. Assume these are the only stock transactions the companyhas ever had.Instructions(a) What are the two methods of accounting for treasury stock?(b) Prepare the journal entry to record the purchase of treasury stock by the cost method.(c) 3,000 shares of treasury stock are reissued at $33 per share. Prepare the journalentry to record the reissuance by the cost method.Solution 15-80(a) The two methods of accounting for treasury stock are the cost method and the parvalue method.(b) Treasury Stock ................................................................................... 300,000Cash ...................................................................................... 300,000 (c) Cash ............................................................................................... 99,000Paid-in Capital from Treasury Stock ..................................... 9,000Treasury Stock ...................................................................... 90,000 Pr. 15-88—Treasury stock transactions.The original sale of the $50 par value common shares of Eddy Company was recorded as follows:Cash ............................................................................................... 290,000Common Stock ................................................................... 250,000Paid-in Capital in Excess of Par ........................................ 40,000 InstructionsRecord the treasury stock transactions (given below) under the cost method:Transactions:(a) Bought 500 shares of common stock as treasury shares at $62.(b) Sold 120 shares of treasury stock at $60.(c) Sold 60 treasury shares at $68.Solution 15-88(a) Treasury Stock ........................................................................................... 31,000Cash ................................................................................................. 31,000 (b) Cash .......................................................................................................... 7,200Retained Earnings (240)Treasury Stock ................................................................................. 7,440 (c) Cash .......................................................................................................... 4,080Paid-in Capital from Treasury Stock (360)Treasury Stock ................................................................................. 3,720 考点三：投资与债券溢价购买Ex. 17-66—Investment in debt securities at premium.On April 1, 2004, Sean Co. purchased $360,000 of 6% bonds for $374,175 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2009.Instructions(a) Prepare the journal entry on April 1, 2004.(b) The bonds are sold on November 1, 2005 at 103 plus accrued interest. Amortizationwas recorded when interest was received by the straight-line method (by months andround to the nearest dollar). Prepare all entries required to properly record the sale.Solution 17-66(a) Available-for-Sale Securities ............................................................... 374,175Interest Revenue ($360,000 × .06 × 1/4) ............................................ 5,400Cash ...................................................................................... 379,575 (b) Interest Revenue ($14,175 × 4 ÷ 63) .. (900)Available-for-Sale Securities (900)Cash ($360,000 × .06 × 1/3) ............................................................... 7,200Interest Revenue ................................................................... 7,200 Cash .................................................................................................... 370,800Gain on Sale of Securities (900)Available-for-Sale Securities ................................................. 369,900 $374,175 – [($14,175 ÷ 63) × 19]考点四：长期工程合同——完工百分比Ex. 18-69—Journal entries—percentage-of-completion.Grant Construction Company was awarded a contract to construct an interchange at the junctionof U.S. 94 and Highway 30 at a total contract price of $6,000,000. The estimated total costs to complete the project were $4,500,000.Instructions(a) Make the entry to record construction costs of $2,700,000, on construction inprocess to date.(b) Make the entry to record progress billings of $1,500,000.(c) Make the entry to recognize the profit that can be recognized to date, on apercentage-of-completion basis.Solution 18-69(a) Construction in Process ................................................................................ 2,700,000Materials, Cash, Payables, Etc. ........................................................ 2,700,000 (b) Accounts Receivable—Construction in Process ............................................ 1,500,000Billings on Construction in Process ................................................. 1,500,000 (c) Construction Expenses .................................................................................. 2,700,000Construction in Process (60% complete) ...................................................... 900,000Revenue from Long-Term Contracts ................................................ 3,600,000考点五:应税所得——所得税分录Ex. 19-52—Deferred income taxes.Nott Co. at the end of 2004, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows:Pretax financial income $300,000Extra depreciation taken for tax purposes (750,000)Estimated expenses deductible for taxes when paid 600,000Taxable income $150,000Use of the depreciable assets will result in taxable amounts of $250,000 in each of the next three years. The estimated litigation expenses of $600,000 will be deductible in 2007 when settlementis expected.Instructions(a) Prepare a schedule of future taxable and deductible amounts.(b) Prepare the journal entry to record income tax expense, deferred taxes, and income taxespayable for 2004, assuming a tax rate of 40% for all years.Solution 19-52(a) 2005 2006 2007TotalFuture taxable (deductible) amountsExtra depreciation $250,000 $250,000 $250,000 $750,000Litigation (500,000) (500,000) (b) Income Tax Expense ($60,000 + $300,000 – $240,000) .............................. 120,000Deferred Tax Asset ($600,000 × 40%) ......................................................... 240,000Deferred Tax Liability ($750,000 × 40%) ........................................ 300,000Income Tax Payable ($150,000 × 40%) .......................................... 60,000 Ex. 19-53—Deferred income taxes.Earl Co. at the end of 2004, its first year of operations, prepared a reconciliation between pretaxfinancial income and taxable income as follows:Pretax financial income $500,000Estimated expenses deductible for taxes when paid 800,000Extra depreciation (900,000)Taxable income $400,000Estimated warranty expense of $530,000 will be deductible in 2005, $200,000 in 2006, and$70,000 in 2007. The use of the depreciable assets will result in taxable amounts of $300,000 ineach of the next three years.Instructions(a) Prepare a table of future taxable and deductible amounts.(b) Prepare the journal entry to record income tax expense, deferred income taxes, and incometaxes payable for 2004, assuming an income tax rate of 40% for all years.Solution 19-53(a) 2005 2006 2007TotalFuture taxable (deductible) amountsWarranties $(530,000) $(200,000) $(70,000) $(800,000)Excess depreciation 300,000 300,000 300,000 900,000 (b) Income Tax Expense [$160,000 + ($360,000 – $320,000)] ......................... 200,000Deferred Tax Asset ($800,000 × 40%) ......................................................... 320,000Deferred Tax Liability ($900,000 × 40%) ........................................ 360,000Income Tax Payable ($400,000 × 40%) .......................................... 160,000PROBLEMSPr. 19-59—Differences between accounting and taxable income and the effect on deferred taxes.The following differences enter into the reconciliation of financial income and taxableincome of Hatley Company for the year ended December 31, 2004, its first year of operations. The enacted income tax rate is 30% for all years.Pretax accounting income $450,000Excess tax depreciation (300,000)Litigation accrual 45,000Unearned rent revenue deferred on the books but appropriatelyrecognized in taxable income 25,000 Interest income from New York municipal bonds (10,000)Taxable income $210,0001. Excess tax depreciation will reverse equally over a four-year period, 2005-2008.2. It is estimated that the litigation liability will be paid in 2008.3. Rent revenue will be recognized during the last year of the lease, 2008.4. Interest revenue from the New York bonds is expected to be $10,000 each year until theirmaturity at the end of 2008.Instructions(a) Prepare a schedule of future taxable and (deductible) amounts.(b) Prepare a schedule of the deferred tax (asset) and liability.(c) Since this is the first year of operations, there is no beginning deferred tax asset or liability.Compute the net deferred tax expense (benefit).(d) Prepare the journal entry to record income tax expense, deferred taxes, and the incometaxes payable for 2004.Solution 19-59(a) 2005 2006 2007 2008 TotalFuture taxable (deductible) amounts:Depreciation $75,000 $75,000 $75,000 $75,000 $300,000 Litigation (45,000) (45,000) Unearned rent (25,000) (25,000) (b) Future Taxable(Deductible) DeferredTaxTemporary Differences Amounts Tax Rate (Asset) LiabilityDepreciation $300,000 30% $90,000Litigation (45,000) 30% $(13,500)Unearned rent (25,000) 30% ( 7,500)Totals $180,000 $(21,000)$90,000(c) Deferred tax expense $90,000Deferred tax benefit (21,000)Net deferred tax expense $69,000Solution 19-59(cont.)(d) Income Tax Expense ($63,000 + $69,000) ................................................... 132,000Deferred Tax Asset ...................................................................................... 21,000Deferred Tax Liability ..................................................................... 90,000Income Tax Payable ($210,000 ×30%) .......................................... 63,000 Pr. 19-61—Interperiod tax allocation with change in enacted tax rates.Norway Company purchased equipment for $270,000 on January 2, 2003, its first day of operations. For book purposes, the equipment will be depreciated using the straight-line methodover three years with no salvage value. Pretax financial income and taxable income are asfollows:2003 2004 2005Pretax financial income $156,000 $170,000 $180,000Taxable income 120,000 170,000 216,000The temporary difference between pretax financial income and taxable income is due to the useof accelerated depreciation for tax purposes.Pr. 19-61(cont.)Instructions(a) Prepare the journal entries to record income taxes for all three years (expense, deferrals,and liabilities) assuming that the enacted tax rate applicable to all three years is 30%.(b) Prepare the journal entries to record income taxes for all three years (expense, deferrals,and liabilities) assuming that the enacted tax rate as of 2003 is 30% but that in the middleof 2004, Congress raises the income tax rate to 35% retroactive to the beginning of 2004.Solution 19-61(a) 2003 2004 2005TotalBook depreciation $ 90,000 $90,000 $90,000 $270,000Tax depreciation 126,000 90,000 54,000 270,000Temporary difference $ (36,000) $ -0- $36,000$ -0-2003 Income Tax Expense ...................................................................... 46,800Deferred Tax Liability ($36,000 × .30) ................................ 10,800Income Tax Payable ($120,000 × .30) ................................ 36,000 2004 Income Tax Expense ...................................................................... 51,000Income Tax Payable ($170,000 × .30) .............................. 51,000 2005 Income Tax Expense ...................................................................... 54,000Deferred Tax Liability ..................................................................... 10,800Income Tax Payable ($216,000 × .30) .............................. 64,800 (b) 2003 Income Tax Expense ...................................................................... 46,800Deferred Tax Liability ($36,000 × .30) ................................ 10,800Income Tax Payable ($120,000 × .30) .............................. 36,000 2004 Income Tax Expense ...................................................................... 61,300Deferred Tax Liability ....................................................... 1,800*Income Tax Payable ($170,000 × .35) .............................. 59,500 2005 Income Tax Expense ...................................................................... 63,000Deferred Tax Liability ..................................................................... 12,600Income Tax Payable ($216,000 × .35) .............................. 75,6002005*Future taxable amount $36,000Deferred tax @ 30% 10,800Deferred tax @ 35% 12,600Adjustment $ 1,800Pr. 19-62—Deferred tax asset.Yarman Inc. began business on January 1, 2003. Its pretax financial income for the first 2 yearswas as follows:2003 $ 95,0002004 180,000The following items caused the only differences between pretax financial income and taxable income.1. In 2003, the company collected $90,000 of rent; of this amount, $30,000 was earned in 2003;the other $60,000 will be earned equally over the 2004-2005 period. The full $90,000 was included in taxable income in 2003.2. The company pays $5,000 a year for life insurance on officers.3. In 2004, the company terminated a top executive and agreed to $60,000 of severance pay.The amount will be paid $20,000 per year for 2004-2006. The 2004 payment was made. The $60,000 was expensed in 2004. For tax purposes, the severance pay is deductible as it is paid. The enacted tax rates existing at December 31, 2003 are:2003 30% 2005 40%2004 35% 2006 40%Instructions(a) Determine taxable income for 2003 and 2004.(b) Determine the deferred income taxes at the end of 2003, and prepare the journal entry torecord income taxes for 2003.(c) Prepare a schedule of future taxable and (deductible) amounts at the end of 2004.(d) Prepare a schedule of the deferred tax (asset) and liability at the end of 2004.(e) Compute the net deferred tax expense (benefit) for 2004.(f) Prepare the journal entry to record income taxes for 2004.(g) Show how the deferred income taxes should be reported on the balance sheet atDecember 31, 2004.Solution 19-62(a) 2003 2004Pretax financial income $95,000 $180,000Permanent differences:Life insurance 5,000 5,000100,000 185,000 Temporary differences:Rent 60,000 (30,000)Severance pay -0- 40,000 Taxable income $160,000 $195,000Solution 19-62(cont.)(b) 2003 2004 TotalFuture taxable (deductible) amounts:Rent $(30,000) $(30,000) $(60,000) Tax rate 35% 40%Deferred tax (asset) liability $(10,500) $(12,000) $(22,500) at end of2003Income Tax Expense ($48,000 – $22,500) ................................................... 25,500Deferred Tax Asset ...................................................................................... 22,500Income Tax Payable ($160,000 × 30%) .................................... 48,000 (c) 2005 2006 TotalFuture taxable (deductible) amounts:Rent $(30,000) $(30,000)Severance pay (20,000) $(20,000) (40,000)(d) Future Taxable(Deductible) TaxDeferred TaxTemporary Difference Amounts Rate (Asset) Liability Rent $(30,000) 40% $(12,000)Severance pay (40,000) 40% (16,000)Totals $(70,000) $(28,000)(e) Deferred tax asset at end of 2004 $(28,000)Deferred tax asset at beginning of 2004 (22,500)Net deferred tax (expense) for 2004 $ (5,500)(f) Income Tax Expense ($68,250 – $5,500) ..................................................... 62,750Deferred Tax Asset ...................................................................................... 5,500Income Tax Payable ($195,000 × 35%) .......................................... 68,250 (g) The deferred income taxes should be reported on the December 31, 2004balance sheet as follows:Current assetsDeferred tax asset ($50,000* × 40%) $20,000Other assetsDeferred tax asset ($20,000 × 40%) $8,000*$30,000 + $20,000计算题部分：考点一：实际利率法票据贴现——effective interestPr. 14-70—Bond interest and discount amortization.Logan Corporation issued $600,000 of 8% bonds on October 1, 2004, due on October1, 2009. The interest is to be paid twice a year on April 1 and October 1. The bondswere sold to yield 10% effective annual interest. Logan Corporation closes its books annually on December 31.Instructions(a) Complete the following amortization schedule for the dates indicated. (Round all answersto the nearest dollar.) Use the effective interest method.Debit Credit Carrying AmountCredit Cash Interest Expense Bond Discountof BondsOctober 1, 2004 $553,668 April 1, 2005October 1, 2005(b) Prepare the adjusting entry for December 31, 2005. Use the effective interest method.(c) Compute the interest expense to be reported in the income statement for the year endedDecember 31, 2005.Solution 14-70(a) Debit Credit Carrying AmountCredit Cash Interest Expense Bond Discountof BondsOctober 1, 2004 $553,668 April 1, 2005 $24,000 $27,684 $3,684 557,352 October 1, 2005 24,000 27,868 3,868 561,220 (b) Interest Expense ($561,220 × 10% × 3/12)........................................................ 14,031Interest Payable (1/2 × $24,000) ........................................................ 12,000Discount on Bonds Payable ($14,031 – $12,000) ............................. 2,031 (c) $13,842 (1/2 of $27,684)27,86814,031$55,741Pr. 14-69—Bond discount amortization.On June 1, 2004, Janson Bottle Company sold $1,000,000 in long-term bonds for$877,600. The bonds will mature in 10 years and have a stated interest rate of 8%and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. Thebonds are to be accounted for under the effective interest method.Instructions(a) Construct a bond amortization table for this problem to indicate the amount ofinterest expense and discount amortization at each May 31. Include only the firstfour years. Make sure all columns and rows are properly labeled. (Round to thenearest dollar.)(b) The sales price of $877,600 was determined from present value tables.Specifically explain how one would determine the price using present value tables.(c) Assuming that interest and discount amortization are recorded each May 31, prepare theadjusting entry to be made on December 31, 2006. (Round to the nearest dollar.)Solution 14-69(a) Debit Credit Carrying AmountDate Credit Cash Interest Expense Bond Discount ofBonds6/1/04 $877,6005/31/05 $80,000 $87,760 $7,760 885,3605/31/06 80,000 88,536 8,536 893,8965/31/07 80,000 89,390 9,390 903,2865/31/08 80,000 90,328 10,328 913,614(b) (1) Find the present value of $1,000,000 due in 10 years at 10%.(2) Find the present value of 10 annual payments of $80,000 at 10%.Add (1) and (2) to obtain the present value of the principal and the interestpayments.Solution 14-69(cont.)(c) Interest Expense ........................................................................ 52,144*Interest Payable ............................................................................. 46,666**Discount on Bonds Payable ........................................................... 5,478 *7/12 ⨯ $89,390 (from Table) = $52,144**7/12 ⨯ 8% ⨯ $1,000,000 = $46,666考点二：奖票的费用如何计算，未兑换时估计奖票的负债如何计算Ex. 13-74—Premiums.Balley Co. includes one coupon in each bag of dog food it sells. In return for 3 coupons, customers receive a dog toy that the company purchases for $1.50 each.Balley's experience indicates that 60 percent of the coupons will be redeemed. During2004, 100,000 bags of dog food were sold, 12,000 toys were purchased, and 45,000 coupons were redeemed. During 2005, 120,000 bags of dog food were sold, 16,000toys were purchased, and 60,000 coupons were redeemed.InstructionsDetermine the premium expense to be reported in the income statement and the estimatedliability for premiums on the balance sheet for 2004 and 2005.Solution 13-7420042005Premium expense $30,000 (1) $36,000 (3) Estimated liability for premiums 7,500 (2) 13,500 (4)(1) 100,000 × .6 = 60,000; 60,000 ÷ 3 = 20,000; 20,000 × $1.50 = $30,000.(2) 45,000 ÷ 3 = 15,000; 20,000 – 15,000 = 5,000; 5,000 × $1.50 = $7,500.(3) 120,000 × .6 = 72,000; 72,000 ÷ 3 = 24,000; 24,000 × $1.50 = $36,000.(4) 60,000 ÷ 3 = 20,000; 5,000 + 24,000 – 20,000 = 9,000; 9,000 × $1.50 = $13,500.考点三：债券的发行价格Ex. 14-62—Bond issue price and premium amortization.On January 1, 2004, Lowry Co. issued ten-year bonds with a face value of $2,000,000and a stated interest rate of 10%, payable semiannually on June 30 and December 31.The bonds were sold to yield 12%. Table values are:Present value of 1 for 10 periods at 10% ................................................. .386Present value of 1 for 10 periods at 12% ................................................. .322Present value of 1 for 20 periods at 5% ................................................... .377Present value of 1 for 20 periods at 6% ................................................... .312Present value of annuity for 10 periods at 10% ...................................... 6.145Present value of annuity for 10 periods at 12% ...................................... 5.650Present value of annuity for 20 periods at 5% ........................................ 12.462Present value of annuity for 20 periods at 6% ........................................ 11.470 Instructions。
会计专业英语-模拟题
会计专业英语-模拟题《会计专业英语》模拟题一.单选题1.The Realization Principle indicates that revenue usually should be recognized and recorded in the accounting record().A.when goods are sole or services are rendered to customersB.when cash is collected from customersC.at the end of the accounting periodD.only when the revenue can be matched by an equal dollar amount of expenses[答案]:A2.The Matching Principle:().A.applies only to situations in which a cash payment occurs before an expense is recognizedB.applies only to situations in which a cash receipt occurs before revenue is recognizedC.is used in accrual accounting to determine the proper period for recognition of expensesD.is used in accrual accounting to determine the proper period in which to recognize revenue[答案]:C3.Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to ().A.decrease assets and decrease owner’s equityB.increase liabilities and d ecrease owner’s equityC.have no effect on total assetsD.decrease assets and decrease liabilities[答案]:D4.Which of the following concepts belongs to accountingassumption?().A.ConservationB.Money measurementC.MaterialityD.Consistency[答案]:B5.Which of these is/are an example of an asset account?___A.service revenueB.withdrawalsC.suppliesD.all of the above[答案]:C6.Which of these statements is false?().A.increase in assets and increase in revenues are recorded with a debitB.increase in liabiliti es and increase in owner’s equity are recorded with a c reditC.increase in both assets and withdrawals are recorded with a debitD.decreases in liabilities and increase in expenses are recorded with a debit[答案]:A7.Note payable has a normal beginning balance of $30 000. During the period, new borrowings total $63,000 and the ending balance in Note Payable is $41,000. Determine the payments on loans during the period. ______A.$74000B.$52000C.$134000D.[答案]:B8.Typical liability accounts include _____.A.accounts payable, bank loan, wages payable, drawingsB.Accounts payable, bank overdraft, wages payable, stationaryC.Accounts receivable, bank overdraft, wages payableD.Accounts payable, borrowing from the public, bank overdraft, wages payable.[答案]:D9.Which of these accounts has a normal debit balance?_____.A.Rent ExpenseB.WithdrawalsC.Service RevenueD.Both A and B have a normal debit balance[答案]:D二.判断题1.Accounting provides financial information that is only useful to business management.()[答案]:F2.The accounting process generates financial reports for both “internal” and “external” u sers.() [答案]:T3.The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.() [答案]:T4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.()[答案]:T5.The ledger account provides a chronological order of transactions.()6.Post reference columns are found only in the journal, notin the ledger.()[答案]:F/doc/169122957.html,ually two signatures are required on a business check for it to be valid.() [答案]:T8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. ()[答案]:F9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."() [答案]:T10.A leasehold is an example of a long-life asset.()[答案]:F11.The accounting reporting period agrees to the calendar year. ()[答案]:F12.An increase in permanent capital is recorded as a credit to the account. ()[答案]:T13.Dollar signs are used in the amount areas of the ledger accounts. ()[答案]:F14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ()[答案]:F15.Every business transaction is first recorded in the journal. ()[答案]:T16.Internal control of operations is equally complex in a small and in a large organization. ()[答案]:F17.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.() [答案]:T18.A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ()19.Depreciation expense is usually recorded at least once a year. ()[答案]:T20.Amortization is the conversion of the cost of an intangible asset to an expense. ()[答案]:T21.Two methods of recognizing accelerated depreciation are the straight-line and the double-declining balance method.() [答案]:F22.Research and development costs represent an intangible asset. ()[答案]:T23.A present reduction in cash required to generate revenues is called “an expense”[答案]:F24.The revenue expenses are paid to influence the current operating result.[答案]:F25.Advertising expense is usually collected as period expense.[答案]:T26.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ()[答案]:F27.Repair of a generator is a capital expenditure. ()[答案]:F28.Revenue increases owner's equity.()[答案]:T29.Revenue is recognized when we receive cash from the buyers.()[答案]:F30.Interest revenue should be measured based on the length of time. ()[答案]:T三.翻译题1.Sole Proprietorship Enterprises[答案]:独资企业2.Profit cost and capital cost principle[答案]:划分收益性支出与资本性支出3.Double entry system[答案]:复式记帐法4.Source documents[答案]:原始凭证5.Environmental accounting[答案]:环境会计6.Matching principle[答案]:配比原则7.Gross profit[答案]:毛利8.Perpetual inventory system[答案]:永序盘存制9.Intangible assets[答案]:无形资产10.fixed asset[答案]:固定资产11.Statement of cash flows[答案]:现金流量表12.Bank Reconciliation[答案]:银行余额调节表13.Low-valued and easily-damaged implements [答案]:低值易耗品14.Physical depreciation[答案]:有形损耗15.Short-term debt-paying ability[答案]:短期偿债能力16.Accelerated depreciation method[答案]:加速折旧法17.notes receivable[答案]:应收票据18.long-term solvency[答案]:长期偿债能力四.论述题1.完成下列等式:1. Accounting Equation:Assets =2. Perpetual inventory system:Ending Inv. =[答案]:1. Accounting Equation:Assets = Liabilities + Owner's Equity2. Perpetual inventory system:Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold。
会计专业英语模拟题(开卷)解读
《会计专业英语》模拟题一．单项选择题1.The Realization Principle indicates that revenue usually should be recognizedand recorded in the accounting record, .A. when goods are sole or services are rendered to customersB. when cash is collected from customersC. at the end of the accounting periodD. only when the revenue can be matched by an equal dollar amount of expenses2. The Matching Principle: .A. applies only to situations in which a cash payment occurs before an expense is recognizedB. applies only to situations in which a cash receipt occurs before revenue is recognizedC. is used in accrual accounting to determine the proper period for recognition of expensesD. is used in accrual accounting to determine the proper period in which to recognize revenue3. Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to .A. decrease assets and decrease owner’s equityB. increase liabilities and decrease owner’s equityC. have no effect on total assetsD. decrease assets and decrease liabilities4. Which of the following concepts belongs to accounting assumption? .A. ConservationB. Money measurementC. MaterialityD. Consistency5. Which of these is/are an example of an asset account?___A. service revenueB. withdrawalsC. suppliesD. all of the above6. Which of these statements is false? .A. increase in assets and increase in revenues are recorded with a debitB. increase in liabilities and increase in owner’s e quity are recorded witha creditC. increase in both assets and withdrawals are recorded with a debitD. decreases in liabilities and increase in expenses are recorded with a debit二．判断题1. Accounting provides financial information that is only useful to business management. ( )2. The accounting process generates financial reports for both “internal” and “external” users. ( )3. The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.（）4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.（）5. The ledger account provides a chronological order of transactions.（）6. Post reference columns are found only in the journal, not in the ledger.（）ually two signatures are required on a business check for it to be valid.（）8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. （）9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."（）10. A leasehold is an example of a long-life asset.（）11. The accounting reporting period agrees to the calendar year. ( )12.An increase in permanent capital is recorded as a credit to the account. ( )13. Dollar signs are used in the amount areas of the ledger accounts. ( )14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ( )15. Every business transaction is first recorded in the journal. ( )16.Internal control of operations is equally complex in a small and in a large organization. ( )17.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ( )18.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.( )19. A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ( )20.Depreciation expense is usually recorded at least once a year. ( )21.Amortization is the conversion of the cost of an intangible asset to an expense. ( )三．翻译题1. Sole Proprietorship Enterprises2. Profit cost and capital cost principle3. Double entry system4. Source documents5. Environmental accounting6. Matching principle7. Gross profit 8. Perpetual inventory system9. Intangible assets 10. 原始凭证11. 固定资产四．完成下列等式1. Accounting Equation：Assets =2. Perpetual inventory system：Ending Inv. =五．编制银行存款余额调节表The following information pertains to ABC company:（1）cash balance per bank July 31, $7263（2）July bank service charge not recorded by the depositor $15（3） cash balance per book July 31, $7190（4） Deposits in transit July 31, $1700（5）Note for $1000 collected for ABC in July by bank plus interest $36, and charge $20 for service. The collection has not been recorded byABC and no interest has been accrued（6）Outstanding checks July 31 , $772Prepare Bank reconciliation at July 31.六．编写借贷会计分录On July 1, N. B. Edgar opened Coin-Op Laundry. Edgar’s acco untantlisted the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, DrawingLaundry Revenue Wages ExpenseRent Expense Utilities Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a.Edgar deposited $20,000 in a bank account in the name of the business.b.Bought tables and chairs for cash, $450c.Paid the rent for the current month, $705d.Bought washers and dryers from Eldon Equipment, $17,400, paying $4,000 incash and placing the balance on account.e.Bought laundry supplies on account from Borkal Distributors, $410.f.Sold services for cash, $862.g.Bought insurance for one year, $468.h.Paid on account to Eldon Equipment, a creditor, $550.i.Received and paid the electric bill, $118.j.Paid on account to Borkal Distributors, a creditor, $145.k.Sod services to customers for cash for the second half of the month, $881.l.Received and paid the bill for the business license, $45.m.Paid wages to an employee, $1,146.n.Edgar withdrew cash for personal use, $875.InstructionsRecord the transactions with “Dr.” and “Cr.”七．编制试算平衡表The bank statement of LA Company shows a final balance of $2119 as of March 31, the balance of the cash in the ledger as of that is $1552, LA accountant has taken the following steps.Prepare bank reconciliation at March 31.(1) Noted that the deposit made on March 31 was not recorded on the bank statement, $762.(2) Noted outstanding checks: no.921, $626. no.985, $69. no.986, $438.(3) Noted credit memo: note collected by the bank from ABC company ,$200, not recordedin the journal.(4) Noted debit memo: collection charge and service charge not recorded in the journal, $4.八．存货成本计算C asey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostB e g i n n i n g i n v e n t o r y34$270$9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand?九．设立T形账户并编制试算平衡表(1) May1: Jill Jones and her family invested $8,000 in BBE Company and received 800 shares ofstock.(2) May2: BBE purchased an equipment for $2,500 cash.(3) May 8: BBE purchased a $15,000 truck. BBE paid $2,000 in cash and issued a note payablefor the remaining $13,000.(4) May 18: BBE sold services on account to ABC Lawns, $150. ABC Lawns agree to pay BBEwithin 30 days.(5) May 29: BBE provided services for a client and received $750 in cash.(6) May31:BBE purchased gasoline for the truck for $50 cash.Please Analyze the above transactions of BBE Company, set up its "T" accounts, and prepare a trial balance.参考答案：一．单项选择题1.A2.C3.D4.B5.C6.A二．判断题1.F2.T3.T4.T5.F6.F7.T8.F9.T 10.F11.F 12.T 13.F 14.F 15.T 16.F 17.F 18.T 19.T 20.T 21.T三．翻译题1. 独资企业2. 划分收益性支出与资本性支出3. 复式记帐法4. 原始凭证5.环境会计6. 配比原则7. 毛利8. 永序盘存制9.无形资产10. source document 11.fixed asset四．完成下列等式1. Accounting Equation：Assets = Liabilities + Owner's Equity2. Perpetual inventory system：Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold五．编制银行存款余额调节表ABC CompanyBank ReconciliationJuly 31 20Bank statement balance, July 31 $7263 Add. Deposits In Transit 17008963Deduct: Outstanding checks 772 Adjusted bank statement balance 8191Ledger balance of cash $7190 Add. Credit memo 10368226 Deduct: Bank service charge 2015Adjusted ledger balance of cash 8191 六．编写借贷会计分录A Dr. Cash 20000Cr. N. B. Edgar, Capital 20000B Dr. Furniture and Fixtures 450Cr. Cash 450C Dr. Rent Expense 705Cr. Cash 705D Dr. Equipment 17400Cr. Cash 4000Accounts Payable 13400E Dr. Supplies 410Cr. Accounts Payable 410F Dr. Cash 862Cr. Laundry Revenue 862G Dr. Prepaid Insurance 468Cr. Cash 468H Dr. Accounts Payable 550Cr. Cash 550I Dr. Utilities Expense 118Cr. Cash 118J Dr. Accounts Payable 145Cr. Cash 145K Dr. Cash 881Cr. Laundry Revenue 881L Dr. Miscellaneous Expense 45Cr. Cash 45M Dr. Wages Expense 1146Cr. Cash 1146N Dr. N. B. Edgar, Drawing 875Cr. Cash 875七．编制试算平衡表LA CompanyBank reconciliationMarch 31 2004Bank statement balance, March 31 $2119Add. Deposits In Transit 7622881Deduct: Outstanding checksNo. 921 $626No. 985 69No. 986 438 1133Adjusted bank statement balance 1748Ledger balance of cash $1552Add. Note collected by bank 2001752Deduct: Bank service & collection charges 4Adjusted Ledger Balance of Cash 1748八．存货成本计算34 Units(beginning inventory) @ $270 each = $918060 Units(first purchase) @ $282 each = 16920 88 Units(second purchase) @ $298 each = 26224182 Units $52324九．设立T形账户并编制试算平衡表。
英文版会计学考试题及答案
英文版会计学考试题及答案English Accounting Exam Questions and AnswersQuestion 1: Define the term "Double Entry Bookkeeping" and explain its significance in accounting.Answer 1: Double Entry Bookkeeping is a system of recording financial transactions in which every entry to an account requires a corresponding and opposite entry to a different account. This ensures that the accounting equation (Assets = Liabilities + Owner's Equity) remains in balance. The significance of double entry bookkeeping lies in its ability to provide an accurate and comprehensive picture of a business's financial status, facilitating better decision-making and financial control.Question 2: What is the purpose of a trial balance, and how does it help in the preparation of financial statements?Answer 2: A trial balance is a report that lists the balances of all general ledger accounts at a particular point in time, with debit and credit amounts. It is used to ensure that the debits and credits have been recorded correctly. The trial balance helps in the preparation of financial statements by identifying any discrepancies in the accounting records, which can then be rectified before finalizing the statements.Question 3: Explain the difference between "AccrualAccounting" and "Cash Accounting."Answer 3: Accrual Accounting is a method of accounting where revenues and expenses are recognized when they are earned or incurred, not necessarily when cash is received or paid. This method provides a more accurate representation of a company's financial performance over a period. Cash Accounting, on the other hand, records transactions only when cash is exchanged. It is simpler and is often used by small businesses or those that operate on a cash basis.Question 4: Describe the process of preparing an income statement.Answer 4: Preparing an income statement involves several steps:1. List all the revenues for the period, such as sales and service income.2. Deduct all the expenses incurred to generate those revenues, including cost of goods sold, operating expenses, and taxes.3. Calculate the net income by subtracting total expenses from total revenues.4. The income statement should reflect the company's profitability over a specified period, typically a month, quarter, or year.Question 5: What are the main components of a balance sheet, and how do they relate to each other?Answer 5: The main components of a balance sheet are:1. Assets: What the company owns or controls with future economic benefit, divided into current assets (short-term) and non-current assets (long-term).2. Liabilities: Obligations the company owes to others, classified as current liabilities (due within one year) and long-term liabilities (due after one year).3. Owner's Equity: The residual interest in the assets of the entity after deducting liabilities, also known as shareholders' equity or net assets.These components are related through the fundamental accounting equation: Assets = Liabilities + Owner's Equity.Question 6: How does depreciation affect a company'sfinancial statements?Answer 6: Depreciation is a non-cash accounting method used to allocate the cost of tangible assets over their useful lives. It affects a company's financial statements in the following ways:1. It reduces the book value of the asset on the balance sheet.2. It increases the accumulated depreciation account, whichis a contra-asset account.3. It decreases net income on the income statement, as depreciation is an expense.4. It can lower taxable income, potentially reducing the company's tax liability.Question 7: What is the purpose of the statement of cash flows, and how does it differ from the income statement?Answer 7: The purpose of the statement of cash flows is to provide information about a company's cash receipts and payments during a period, showing how these cash flows affect the company's financial position. It differs from the income statement in that:1. It focuses on cash transactions, not accrual-basis accounting.2. It categorizes cash flows into operating, investing, and financing activities.3. It does not report net income but rather the net change in cash and cash equivalents.Question 8: Explain the concept of "Going Concern" and its importance in financial reporting.Answer 8: The Going Concern concept assumes that a businesswill continue to operate for the foreseeable future, allowing it to realize its assets and discharge its liabilities in the normal course of business. It is important in financial reporting because it underpins the accrual basis of accounting, which assumes that the business will continue to operate and therefore can recognize revenues and expensesover time.Question 9: What are the ethical considerations in accounting, and why are they important?Answer 9: Ethical considerations in accounting include honesty, integrity, objectivity, and confidentiality. Theyare important because they ensure the reliability andcredibility of financial information, which is crucial for stakeholders to make informed decisions. Ethical behavior also helps maintain public trust。
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浙江大学继续教育学院试卷模拟卷答案课程代码名称_会计英语__ 考试时间：90分钟--------------------------------------------------------------------------------请保持卷面整洁，答题字迹工整。
一、汉译英（共15小题，每小题2分，共30分）1.会计信息质量特征: qualitative characteristic of accounting information2.及时性: timeliness3.净利润: net profit （net income）4.报告期间: reporting period5.资本支出: capital expenditure6.流动性资源: liquid resource7.经营活动: operating activities8.投资报酬: returns from investment9.总资产报酬率: rate of return on total assets10.市盈率: price-earnings ratio11.直接人工: direct labor12.期间费用: period expense13.股利支付率: dividend yield rate14.利息获利倍数: times interest earned15.资产负债率: debts to total assets ratio二、单选题（共10小题，每小题2分，共20分）1. Contribution margin （revenue minus variable costs）is an important tool for （）.A. financial ratio analysisB. horizontal analysisC. vertical analysisD. cost-volume-profit analysis2. In manufacturing operations, the costs of direct materials and direct labor are ( ) with respect to the number of units manufactured.A. semivariable costsB. semifixed costsC. variable costsD. fixed costs3. One of the major characteristics of an accounting asset is：The asset must be capable of measurement in ( ).A. physical termsB. monetary termsC. cashD. units4. The balance sheet is concerned with setting out the financial position of a business （）.A. at one moment in timeB. at one dayC. over a periodD. during a period5. The purpose of （）is to measure and report how much profit (wealth) the business has generated over a period.A. the balance sheetB. the cash flow statementC. the income statementD. the financial statement6. The( ), also known as the acid-test ratio, shows the relationship between highly liquid (quick) assets and current liabilities.A. financial ratioB. quick ratioC. current ratioD. leverage ratio7.（）represent creditors claims to the firms assets.A. EquitiesB. LiabilitiesC. AssetsD. Capitals8. The ( ) figure represents the cost of goods which were sold during the period. rather than the cost of goods purchased during the period.A. revenueB. cost of salesC. expenseD. income9. When financial statement amounts for two or more years are placed side by side in adjacent columns, such a statement is called ( )A. a common-size financial statementB. trend percentageC. a comparative financial statementD. component percentage10. Accounting information should be free from any material error or bias. It should be capable ofbeing relied on by users to represent what it is supposed to represent. That means accounting information should be （）.A. relevanceB. reliabilityC. comparabilityD. understandability三、英译汉（共4小题，每小题的得分见各题中具体标注，共50分）1.(10分)The ability to generate revenues is often viewed as one of the important keys to success for a company. As important as generating revenues, controlling expenses is also a barometer（晴雨表）of a company’s success.创造收入的能力常常被看作一个公司成功的关键之一。
控制费用与创造收入同样重要，也是标志一个公司成功的晴雨表。
2.(10分)The relationship between assets and claims is quite simple and straightforward. If a business wishes to acquire assets it will have to raise the necessary funds from somewhere. It may raise the funds from the owner(s) or from other outside parties or from both.资产和权益之间的关系非常简单明了。
如果一个企业希望获得资产，就必须从某处筹集必要的资金。
企业可以从所有者那里获得资金，或者从其他方获得资金，或者两者兼而有之。
3.(15分)The income statement and the balance sheet should not be viewed as substitutes for one another. Rather they should be seen as performing different functions. The two statements are closely related. The income statement can be viewed as linking the balance sheet at the beginning of the period with the balance sheet at the end of the period.利润表和资产负债表不应被看作是彼此互相取代的。
相反，它们应被看作是执行着不同的职能。
这两张报表是紧密相连的。
利润表可看作是联结期初资产负债表与期末资产负债表的。
4.(15分)At the commencement of business, a balance sheet could be produced to reveal the opening financial position. After an appropriate period, a profit and loss account will be prepared to show the wealth generated over the period. A balance sheet will also be prepared to reveal the new financial position at the end of the period covered by the profit and loss account. This balance sheet will incorporate the changes in wealth which have occurred since the previous balance sheet was drawn up.在企业的期初，要编制一张资产负债表以反映企业开初的财务状况。
经过一段适当的时期后，要编制一张利润表以显示这一时期产生的财富。
同时，还要编制一张资产负债表以反映企业在利润表所涵盖的这段时期末的新的财务状况。
这张资产负债表将包含自上一张资产负债表编制以来财富所发生的变化。