会计英语练习题

专业英语习题一、单项选择题1. Which of the following are reported in the stockholders’ equity section of the balance sheet? ( )a.revenues and expensesb.dividends and retained earningsmon stock and dividendsmon stock and retained earnings2. Current assets are presented in the balance sheet in order of ( )a.dollar amountsb.liquidityc.solvencyd.the alphabet3. Current liabilities include all of the following except ( )a.accrued wages payableb.advance received from customerc.current portion of long-term loand.prepaid expenses4. Credit terms of 2/10 n/30 indicate: ( )a. a 2% discount if 10 items are purchasedb.no payment is required until the 31st day after the invoice datec. a 10% discount if 2 items are purchased.d. a 2% discount for amounts paid within 10 days of the invoice and the remaining balancedue within 30 days5. Which statement regarding the inventory turnover ratio is Not True? ( )a.The ratio measures the average rate of speed inventories move through and out ofcompany.b.Inventory turnover=Average Inventory COGSc.Inventory turnover figures vary considerably from industry to industry.d. A low inventory turnover can result from an overextended inventory position or frominadequate sales volume.6. Which statement regarding the liabilities and owners’ equity section of balance sheetis False? ( )a.Payment of Dividend Payable eliminates both the assets and the owners’ equityb.Liabilities are debts or obligations that must be discharged in money or servicesin the futurec.Owners’ equity is a residual claim to the remaining assets after discharge of debts.d.Balance sheet of corporations should separate Capital Stock and Retained Earnings.7. What is the difference between the quick and current ratio? ( )a.The quick ratio deals with the company’s ability to pay its liabilities whereasthe current ratio does notb.The current ratio is a more stringent(严格的) test of liquidity than the quick ratio.c.The quick ratio excludes inventory, which the current ratio includes for calculationpurposes.d.Management primarily uses the current ratio whereas investors and analysts are theprimary users of the quick ratio.8. What of the following is Not an example of apportionment of recorded costs? ( )a.Depreciation of fixed assetsb.Reallocation of receipts in advance.c.Expiration of insurance premium.d.Consume of supplies.9. For its most recent year, a corporation had beginning and ending accounts receivable balances of $50,000 and $60,000, respectively. The year's sales on account were $800,000. What was the amount of cash received from customers during the year? ( )a.$790,000b.$820,000c.$810,000d.$800,00010. Sales revenue $200,000, beginning inventory $30,000, inventory purchased $100,000 and inventory sold $90,000. It is true that ( )a.goods available for sale (GAFS) equals $200,000b.gross profit equals $110,000c.ending inventory equals $30,000d.cost of goods sold (COGS) equals $40,00011. Users of financial information may be classified as internal or external. Which following statement is true regarding financial information users? ( )a.External users evaluate the performance of a company's management using managementaccounting reports.b.Financial accounting provides information to managers and external users, such aspotential investors.c.Many laws require managerial accounting reports be reported to various levels ofthe government.d.Management accounting provides information to managers and external users, such aspotential investors.12. What does the term ‘net realizable value’ mean regarding Accounts Receivable? ( ) realizable value is the balance in the Accounts Receivable account as of a givendate. realizable value is what a company’s Accounts Receivable accounts will bringif they are sold to a third party.c.Accounts Receivable less Allowance for Uncollectible Accounts will equal the netrealizable value of Accounts Receivable realizable value is the balance in the Allowance for Uncollectible Accounts asof a given date.13. Which of the following statements about a trail balance is incorrect? ( )a.It’s primary purpose is to prove the mathematical equality of debits and creditsafter postingb.It uncovers certain errors in the journalizing and postingc.It is useful in the preparation of financial statementsd.It proves that all transactions have been recorded.14. In the closing process all of the revenues and expenses account balances are transferred to the ( )a.capital accountb.income summary accountc.retained earnings accountd.dividends account15. The post-closing trial balance consists only of ( )a.Asset and liability accountsb.temporary accountsc.revenue and expense accountsd.permanent accounts16. Which of the following statements is True? ( D )a.The credit side of an account implies something favorable.b.For a given account, total debits must always equal total credits.c.Transactions are initially recorded in a ledger accountd.Journalizing means entering the economic effect of each transaction in a journalin chronological order under the double-entry system.17. Financial statements can be prepared from ( B )a.the trial balanceb.the adjusted trial balancec.the journald.the ledger18. Which of the following statements is False? ( A )a.After a bank reconciliation has been completed, the company must make journal entriesto adjust for all outstanding checks.b. A bank reconciliation for the moth of September will begin with “balance per book”and “balance per bank statement” at September 30.c. A check that is outstanding for two consecutive months should be included in bothmonths’ bank reconciliations.d. A credit memorandum on a bank statement indicates an addition to the bank balance.19. Voucher Register is ( B )a. A record of vouchers that have been paidb.The journal that contains a record of each approved voucherc. A list of debtsd. A document that authorizes payment.20. Estimated bad debts as presented on the income statement is ( C )a.Allowance for uncollectible accountsb.Creditc.Uncollectible accounts expensed.Revenue21. The GAAP assets that an item should be included in a financial statement if its omissionor misstatement would tend to mislead the users of financial statements is known as ( C )a.the cost-benefit criterionb.the going concern conventionc.the materiality conventiond.reliability22. Accounts receivable, notes receivable, and interest receivable are all classified as__________ on the balance sheet. ( A )a.assetsb.liabilitiesc.owners' equityd.receivables23. Which book or document is a list of all accounts and their balances? (B)a.the journalb.the trial balancec.the ledgerd.the chart of accounts二、多项选择题1. Three major fields of accounting activity are: ( )a.social accountingb.private accountingc.public accountingernmental accounting2. The three forms of business organizations are: ( )a.Corporationb.Enterprise.c.Single proprietorshipd.Partnership3. Specialized fields of accounting include: ( )a.cost accountingb.tax accountingernmental and not-for-profit accountingd.HR accountinge.international accounting4. The interested users of financial information include: ( )a.Banks and other creditorsb.Managersc.Stockholdersd.Investment advisorsernmental agencies5. Long-term assets can be further classified into: ( )a.long-term investmentsb.fixed assetsc.intangible assets.d.capital stock6. The necessary data for preparing the balance sheet and income statement are accumulated in major categories of ledger accounts including: ( )a.assets accountsb.liabilities accountsc.owners’ equity accountsd.revenues accountse.expenses accounts7. Adjusting entries made to align revenue and expense with the appropriate periods consist of: ( )a.Apportioning recorded cost to periods benefited.b.Apportioning recorded revenue to periods in which it is earnedc.Accruing unrecorded expensesd.Accruing unrecorded revenuee.Merchandise inventory adjustment8. Assume ending inventory is overstated because some inventory is accidentally counted twice. Which of the statements below regarding this situation is true? ( ) income for this accounting period will be overstated.b.COGS for this accounting period will be overstated income in the next accounting period will be understated.d.Ending Retained Earnings in the next accounting period will be correct.9. Which statement below regarding "closing procedures" is correct? ( )a.Closing procedures only apply to temporary accounts.b.Closing the books means to prepare the accounts for next period's transactions.c.The closing process only applies to permanent accounts.d.Eventually closing entries transfer temporary account balances to Retained Earnings.三、判断题1.The normal balance of an account appears on the side for recording increases ( )2.It is customary to include any amounts received from customers but has not yet earnedas revenue in current liability. ( )3.Financial position of an organization can best be determined by referring to the incomestatement. ( )4.Managerial accounting is governed by GAAP. ( )5.Current assets are presented in the order of liquidity or convertibility into cash;while current liabilities are listed in the order that they come due. ( )6.Closing procedures only apply to permanent accounts. ( ) income or net loss in the income statement is reflected in the owners’ equity sectionon the balance sheet at the end of the accounting period. ( )8.Retained earning represents exactly what the term implies: that portion of net incomethe company has retained. ( )9.Business firms whose accounting year ends on December 31 are said to be on acalendar-year basis. ( )10.The income statement subtracts assets from revenues to determine income or loss fora period time. ( )11.Posting transfers journal entries to ledger accounts. ( )12.When interim financial statement are being prepared, usually adjustments are made onlyon the worksheet and will not be recorded in the journal and posted to the ledger account..( )13.In order to permit normal recording of subsequent payments or receipts, it is desirableto make reversing entries at the end of the accounting period. ( )14.The entry to write off a specific uncollectible account has no effect on net realizableAccount Receivable account. ( )15.In the case of corporation, the Income Summary account will be closed to the RetainedEarnings account, which is kept separately from the Capital Stock account. ( )16.COGS =Beginning inventory－Net purchase－Ending inventory ( )17.In order to permit normal recording of subsequent payment or receipts, it is desirableto make reversing entries at the beginning of next accounting period. ( )18.The entry to write off a specific uncollectible account has no effect on net incomeand on total assets. ( )19.The terms debit and credit are used to describe the right-hand and left hand sides ofany “two-column” account. ( )20.Business firms whose accounting year ends on December 31 are said to be on a fiscalyear basis. ( )21.All adjusting entries will affect one balance sheet account and one income statementaccount. ( )22.Expense accounts are closed by debiting each expense account and crediting RetainedEarnings ( )23.Closing entries produce a zero balance in revenue accounts, asset accounts and dividendaccounts. ( )24.The adjusted trial balance contains all of the data needed for preparation of the incomestatement, retained earnings statement and the balance sheet. ( )25.The balance sheet presents a company’s assets, liabilities and stockholders equityat a specific point in time. ( )26.Posting transfers ledger transaction data to journal. ( )27.The presentation of the owners’ equity section is same for three types of businessorganization. ( )四、业务题1.The night manager of Majestic Limousine Service, who had no accounting background, prepared the following balance sheet for the company at February 28, 2001. The dollar amounts were taken directly from the company’s accounting records and are correct. However, the balance sheet contains a number of errors in its headings, format, and the2.An inexperienced accountant for Fowler Company prepared the following income statementPrepare a revised income statement in accordance with generally accepted accounting principles.3.The following accounts show the first six transactions of the Gutierez. Construction Company. Prepare a journal entry (including written explanation) for each transaction.Cash Vehicles4.Louis Dixon, a dentist, begin his own dental practice. The practice was organized asa sole proprietorship. The business transactions during September are listed below. Sept. 1 Dixon opened a bank account in the name of the business by depositing $50,000 cash., which he had saved over a number of years.Sept.10 Purchased a small office building for a total price of $182,400, of which $106,000 was applicable to the land and $76,400 to the building. A cash payment of $36,500 was made and a note payable was issued for the balance of the purchase price. Sept 15 Purchased a microcomputer system from Computer Stores, inc. for $4,680 cash. Sept.19 Purchased office furnishings, at a cost of $5,760. A cash down payment of $960 was made, the balance to be paid in future.Instructionprepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts:cash； office furnishings； notes payable； accounts receivable；land；accounts payable； building； Louis Dixon, Capital； Computer System《专业英语习题》参考答案一、单项选择题1.d2.b3.d4.d5.b6.a7.c8.b9.a 10.b11.b 12.c 13.d 14.b 15.d二、多项选择题1.bcd2.acd3.abcde4.abcde5.abc6.abcde7.abcde8.acd9.abd三、判断题1.T2.T3.F4.F5.T6.F7.T8.T9.T 10.F11.T 12.T 13.F 14. T 15.T 16.F 17.T 18.T 19.T 20.F21.F 22.F 23.F 24.T 25.T 26.F 27.F四、业务题1.2.3. Answer:4. Answers:Sept. 1 Dr. cash 50,000 Cr.Louis Dixon, capital50,000Sept.10 Dr. Land 106,000Building 76,400Cr. Cash36,500Note payable145,900Sept 15 Dr. computer system 4,680Cr. Cash4,680Sept.19 Dr. Office furnishing5,760Cr. Cash960Accounts payable4,80010。