会计专业英语练习题.

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会计专业英语练习

Ⅰ.Matching each of the following statements with its proper term.1. Temporary account ( )2. Working papers ( )3. Fiscal year ( )4. Accrual accounting ( )5. Posting6. General ledger ( )7. Liquidity ( )8. Withdrawals ( )9. CPA ( )10. Transaction ( )11. Accounting cycle ( )12. Closing entries ( )13. Reversing entry ( )14. Accounting equation( )15. Double entry accounting( )16. T account ( )17. Chart of accounts( )18. Account form ( )19. Business entity concept ( )20. Financial accounting ( )A. Assets taken from the business by the owner for personal use.B. The annual accounting period adopted by a business.C. Convertibility to cashD. Assets=liabilities+ owner’s equity.E. Documents that help accountants organize their work.F. An condition or directly affects its results of accounting event or condition that directly changes an entity’s financial operation.G. The idea that revenues are recorded (recognized) when earned and that expenses are recorded when incurred.H. The book that contains the individual account (or control account), groupedaccording to the five elements of financial statements.I. Transferring data from the journal to the ledger.J. An expert accountant licensed by the state.K. The entries that transfer the balances of the revenue, expense, and dividends accounts to the retained earnings account.L. The opposite of an adjusting entry, journalized to facilitate routine bookkeeping entries.M. The process that begins with analyzing and journalizing transactions and ends with the post-closing balance.N. The simplest form of account.O. Income statement accountsP. A system of accounting for recording .transactions, based on recording increases and decreases in accounts so that debits equals credits.Q. A list of accounts in the ledgerR. The branch of accounting concerned with providing external users with financial information needed to make decisions.S. An concept of accounting that limits the economic data in the accounting system to data related directly to the activities of the business.T. The form of balance sheet that resembles the basic format of the accounting equation, with assets on the left side and the liabilities and owner’s equity sections on the right side.Ⅱ、Multiple choice questions1. A profit-making business that is a separate legal entity and in which ownership is divided into shares of stock is known as a: ( )A. proprietorshipB. partnershipC. service businessD. corporation2. The resources owned by a business is called :( )A. assetsB. liabilitiesC. the account equationD. owner’s equity3. A list of assets, liabilities, and owner’s equity of a business entity as of a specific date is :( )A. a balance sheetB. an income statementC. a retained earning statementD. a statement of cash flows4. A debit may signify ( )A. an increase in an asset accountB. a decrease in an asset accountC. an increase in a liability accountD. an increase in a capital stock account5. The type of account with a normal credit balance is ( )A. an assetB. a revenueC. a dividendsD. an expense6. The receipt of cash from customers in payment of their accounts would be recorded by a ( )A. debit to Cash; credit to Accounts ReceivableB. debit to Accounts Receivable; credit to CashC. debit to Cash; credit to Accounts payableD. debit to Accounts payable; credit to Cash7. Which of the following accounts would be classified as a current asset on the balance sheet? ( )A. office equipmentB. accumulated depreciationC. landD. accounts receivable8. Which of the following accounts would not be closed to the income summary account at the end of a period?( )A. fees earnedB. rent expenseC. wages expenseD. accumulated depreciation9. What is the maturity value of a 90-day, 12% note for $10000?( )A. $8800B. $10300C.$10000D.$1120010. Which of the following is an example of intangible asset?( )A. patensB. copyrightsC. goodwillD. all of the aboveⅢ. True-False1.The income summary account can be found in the statement of owner’s equity. ( )2.Closing entries convert real and nominal accounts to zero balances. ( )3.The worksheet is prepared after the formal adjusting entries have been made in thejournal. ( )4. A calendar year refers to any twelve month period. ( )5.The cash basis of accounting often violates the matching rule. ( )6.Adjusting entries help make financial statements comparable from one period tothe next. ( )7.Payment of accounts payable will be recorded in the purchase journal. ( )8.In all journal entries, at least one account must be increased, and anotherdecreased. ( )9.The presentation of the owner’s equity section is same for three types of businessorganization. ( ).10. For a given account, total debits must always equal total credits. ( )11. Internal reporting (i.e., management accounting) must follow GAAP in all respects. ( )12. Generally accepted accounting principles are not like laws of math and science; they are guidelines which define correct accounting practice at the time. ( )13. The various steps in the accounting cycle occur with equal frequency. ( )14. The credit side of an account implies something favorable. ( )15. Transactions are initially recorded in a ledger account. ( )16. The net income for a period in the income statement will increase the balance of owner’s equity. ( )17. Failure to include a warehouse’s merchandise in ending inventory results in anoverstated net income. ( )18. The statement of owner’s equity links a company’s income statement to its balance sheet. ( )19. The existence of Accounts Receivable on the balance sheet indicates that the company has one or more creditors. ( )20. Financial statements are the end products of the accounting process. ( )Ⅳ. Integrated questions ( 50)Simmons Inc., whose accounting year ends on June 30, had the following balances in its ledger at June 30 of the current year (under a periodic system):Cash $3500Accounts Receivable 11000Inventory 20000Prepaid insurance 1200Office Supplies on Hand 500Furniture and Fixtures 7000Accumulated depreciation- Furniture and Fixtures 1100Delivery Equipment 6000Accumulated depreciation- Delivery Equipment 1800Accounts Payable 8500Notes payable 6500Capital Stock 15000Retained Earnings 10400Sales 110000Sales Returns and allowances 800Sales Discounts 1900Purchases 71000Purchases Returns and allowances 1000Purchases Discounts 700Transportation In 3000Sales Salaries Expense 9000Delivery Expense 2000Advertising Expense 3800Rent Expense 3600Office Salaries Expense 10300Utilities Expense 400During the year, the accounting department prepared monthlystatements using worksheets, but no adjusting entries were made in thejournals and ledgers. Data for the year-end adjustments are as follows:(1)Inventory, June 30 $16800(2)Prepaid insurance, June 30 400(3)Office Supplies on Hand 320(4)Depreciation Expense for year, Furniture and Fixtures 700(5)Depreciation Expense for year, Delivery Equipment 900(6)Accrued Sales Salaries, June 30 300(7)Accrued Office Salaries, June 30 200Required:(a)Prepare a Balance Sheet.(b) Make the closing entries in a general journal.Ⅴ.Translation (15)(a) To meet the needs of the external users, a framework of accounting standards, principles and procedures known as “general accepted accounting principle” have been developed to insure the relevance and reliability of the accounting information contained in these external financial reports.(P3 )(b)Once the appropriate adjusting entries have been made and posted to the ledger accounts, an income statement and a balance sheet may be prepared directly from the account balances.(P73)(c)The general journal is a relatively simple record in which any type of business transaction can be recorded. In contrast to the general journal, a special journal is designed to record a specific type of frequently occurring business transaction.(P44)(d)One of the most important functions of accounting is to accumulateand report financial information that shows an organization’s financial position and the results of its operations to its interested users.(P3)(e)There are three basic financial statements which are the end products of financial accounting: Balance Sheet, Income Statement and the Statement of Cash Flows.(P11)(f)The plan of organization and all of the coordinate methods and measuresadopted within a business to safeguard its assets, check accuracy and reliability of its accounting data, promote operational efficiency and encourage adherence to prescribed managerial policies.(P92).。

会计英语练习题

会计英语练习题会计英语练习题在全球化的今天，学习外语已经成为了必不可少的技能。

对于会计专业的学生来说，掌握会计英语更是至关重要。

会计英语是会计学中的一门专业英语，它涵盖了会计的各个方面，包括财务报表、成本管理、税务等。

为了帮助大家更好地掌握会计英语，下面将提供一些练习题，希望能对大家的学习有所帮助。

1. What is the English term for "资产负债表"?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Statement of Retained Earnings2. Which of the following is not an expense?A. RentB. SalaryC. Accounts ReceivableD. Utilities3. What is the English term for "总账"?A. General LedgerB. Trial BalanceC. Income StatementD. Cash Flow Statement4. What is the English term for "应收账款"?A. Accounts PayableB. Accounts ReceivableC. InventoryD. Prepaid Expenses5. What is the English term for "固定资产"?A. Current AssetsB. Fixed AssetsC. Intangible AssetsD. Accounts Payable6. What is the English term for "净利润"?A. Gross ProfitB. Operating IncomeC. Net IncomeD. Retained Earnings7. What is the English term for "应付账款"?A. Accounts PayableB. Accounts ReceivableC. Accrued ExpensesD. Prepaid Expenses8. What is the English term for "现金流量表"?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Statement of Retained Earnings9. What is the English term for "财务报表分析"?A. Financial Statement AnalysisB. Cost AccountingC. TaxationD. Budgeting10. What is the English term for "税务"?A. Financial Statement AnalysisB. Cost AccountingC. TaxationD. Budgeting以上是一些关于会计英语的练习题，希望大家能够认真思考并给出正确答案。

会计英语试题及答案

会计英语试题及答案会计专业英语是会计专业人员职业发展的必要工具。

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考的作用。

一、单选题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 differententities it is helpful if accounting policies and changes in them are disclosed.4） To comply with the law, the legal form of atransaction 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 2010. During the year to 31 Dec 2010 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 2010? A. $8 500 Dr B. $8 500 Cr C. $14 000 Dr D. $14 000 Cr3. Should dividends paid appear on the face of acompany’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 forclosing 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 as non-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 taxaccrued 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 Gamma at 30 September 2010 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 ofrent 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 hasbeen posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivableaccount has been omitted from the trial balance. A 1and 2 B 2 and 3 C 2 and 4 D 3 and 48. 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) 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 commercialeffect of a transaction must always be shown in thefinancial statements even if this differs from legalform(3) in order to achieve the comparable, items should be treated in the same way year on year A. 2 and 3 only B. All of them C. 1 and 2 only 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 andmatching concept are same(3) accruals concept deals with any figure thatincurred 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、将下列分录翻译成英文1. 借：固定资产清理 30 000累计折旧10 000 贷：固定资产 40 000 2．借：应付票据40 000 贷：银行存款 40 000 2、将下列词组按要求翻译（中翻英，英翻中） (1) 零用资金 (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 businessbank 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 pays by cheque4) Johnny makes another sale for $2 000 and thecustomer promises to pay in the future 5) He then buysgoods 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 his account8) He returened some faulty goods to his supplierKamen, which worth $400. 9) Bank interest of $70 isreceived10) A cheque customer returned $400 goods to himfor a refund(window.cproArray = window.cproArray || []).push({ id: "u3054371" });参考答案1、单选题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 finished goods Cr Cash3)Dr CashCr sales revenue4) Dr accounts receivable Cr sales revenue5) Dr finished goods Cr accounts re ceivable6) Dr administrative expense Cr Cash7)Dr CashCr accounts receivable8)Dr CashCr finished goods9)Dr CashCr financial expense10) Dr sales revenue Cr Cash。

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。

会计学专业会计英语试题

一、words and phrases1.残值 scrip value2.分期付款 installment3.concern 企业4.reversing entry 转回分录5.找零 change6.报销 turn over7.past due 过期8.inflation 通货膨胀9.on account 赊账10.miscellaneous expense 其他费用11.charge 收费12.汇票 draft13.权益 equity14.accrual basis 应计制15.retained earnings 留存收益16.trad-in 易新，以旧换新17.in transit 在途18.collection 托收款项19.资产 asset20.proceeds 现值21.报销 turn over22.dishonor 拒付23.utility expenses 水电费24.outlay 花费25.IOU 欠条26.Going-concern concept 持续经营27.运费 freight二、Multiple-choice question1.Which of the following does not describe accounting? ( C )A. Language of businessB. Useful ofr decision makingC. Is an end rathe than a means to an end.ed by business, government, nonprofit organizations, and individuals.2.An objective of financial reporting is to ( B )A. Assess the adequacy of internal control.B.Provide information useful for investor decisions.C.Evaluate management results compared with standards.D.Provide information on compliance with established procedures.3.Which of the following statements is(are) correct?( B )A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.A company may use different depreciation methods in its financial statements and its income tax return.C.The cost of a machine includes the cost of repairing damage to the machine during the installation process.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the unit-of-product method.4. Which of the following is(are) correct about a company’s balance sheet? ( B )A.It displays sources and uses of cash for the period.B.It is an expansion of the basic accounting equationC.It is not sometimes referred to as a statement of financial position.D.It is unnecessary if both an income statement and statement of cash flows are availabe.5.Objectives of financial reporting to external investors and creditors include preparing information about all of the following except. ( A )rmation used to determine which products to poducermation about economic resources, claims to those resources, and changes in both resources and claims.rmation that is useful in assessing the amount, timing, and uncertainty of future cash flows.rmation that is useful in making ivestment and credit decisions.6.Each of the following measures strengthens internal control over cash receipts except. ( C )A.The use of a petty cash fund.B.Preparation of a daily listing of all checks received through the mail.C.The use of cash registers.D.The deposit of cash receipts in the bank on a daily basis.7.The primary purpose for using an inventory flow assumption is to. ( A )A.Offset against revenue an appropriate cost of goods sold.B.Parallel the physical flow of units of merchandise.C.Minimize income taxes.D.Maximize the reported amount of net income.8.In general terms, financial assets appear in the balance sheet at. ( B )A.Current valueB.Face valueC.CostD.Estimated future sales value.9.If the going-concem assumption is no longer valid for a company except. ( C )nd held as an ivestment would be valued at its liquidation value.B.All prepaid assets would be completely written off immediately.C.Total contributed capital and retained earnings would remain unchanged.D.The allowance for uncollectible accounts would be eliminated.10.Which of the following explains the debit and credit rules relating to the recording of revenue and expenses?( C )A.Expenses appear on the left side of the balance sheet and are recorded by debits;revenue appears on the right side of the balance sheet and is reoorded by credits.B. Expenses appear on the left side of the income statement and are recorded by debits; Revenue appears on the right side of the income statement and is recorded by credits.C.The effects of revenue and expenses on owners’ equity.D.The realization principle and the matching principle.11.Which of the following statements is(are) correct?( B )A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.The cost of a machine do not includes the cost of repairing damage to the machine during the installation prcess.C.A company may use same depreciation methods in its finacial statements and its income tax return.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the straight-line method.12.A set of financial statements ( B ) except.A.Is intended to assist users in evaluating the financial position, profitability, and future prospects of an entity.B.Is intended to assist the Intemal Revenue Service in detemining the amount of income taxes owed by a business organization.C.Includes notes disclosing information necessary for the proper interpretation of the statements.D.Is intended to assist investors and creditors in making decisions inventory the allocation of economic resources.13.The primary purpose for using an inventory flow assumption is to. ( B )A.Parallel the physical flow of units of merchandise.B.Offset against revenue an appropriate cost of goods soldC.Minimize income taxes.D.Maximize the reported amount of net income.14.Indicate all correct answers. In the accounting cycle. ( D )A.Transactions are posted before they are journalized.B.A trial balance is prepared after journal entries haven’t been posted.C.The Retained Earnings account is not shown as an up-to-date figure in the trial balance.D.Joumal entries are posted to appropriate ledger accounts.15.According to text, Objectives of Financial Reporting by Business Enterprises. ( D )A.Extemal users have the ability to prescribe information they want.rmation is always based on exact measures.C.Financial reporting is usually based on industries or the economy as a whole.D.Financial accounting does not directly measure the value of a business enterprise.16.Indicate all correct answers. Dividends except ( A )A.Decrease owners’ equity.B.Decrease net incomeC.Are recorded by debiting the Cash accountD.Are a business expense17.Which of the following practices contributes to efficient cash management? ( C )A.Never borrow money-maintain a cash balance sufficient to make all necessary payments.B.Record all cash receipts and cash payments at the end of the month when reconciling the bank statements.C.Prepare monthly forecasts of planned cash receipts, payments, and anticipated cash balances up toa year in advance. D.Pay each bill as soon as the invoice arrives.18.Which of the following would you expect to find in a correctly prepared income statement? ( A )A.Revenues earned during the period.B.Cash balance at the end of the period.C.Contributions by the owner during the period.D.Expenses incurred during the next period to earn revenues.19.Which of the following are important factors in ensuring the integrity of accounting information? ( D )A.Institutional factors, such as standards for preparing information.B.Professional organizations, such as the American Institute of CPAs.petence’judgment’and ethical behavior of individual accountants’D.All of the above.三、Practices11.On Jan.1, 2000, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $40,000 for 2000, calculated under the sum-of –the-years’–digits method. Required: Determine the acquisition cost of the equipment. ( C )A.$210,000B.$250,000C.$225.000D.$200,0002. On Jan.2, 2002, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $24,000 for 2004, calculated under the sum-of –the-years’–digits method (4%). Required: Determine the acquisition cost of the equipment. ( C )A.$220,000B.$250,000C.$224.000D.$200,0003. October 1, 2005, Coast Financial Ioaned Bart Corporation $3000,000, receiving in exchange a nine-month, 12 percent note receivable. Coast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Bart Corporation during 2006 will amount to. ( A )A.$9,000B.$18,000C.$27.000D.$36,000Question: What is the reconciled balance? ( B )A.$4,187B.$4,085C.$4,090D.$4,000Required: Choose the reconciled balance. ( D )A.$3,220B.$3,250C.$3,200D.$3,225Required:Calculate the cost of goods available for sale(C)A.$475,000B.$474,000C.$470,000D.$473,000Required: Calculate the cost of goods sold ( D )A.$225,000B.$254,000C.$250,000D.$253,0008.At the end of the current year, the accounts receivable account has a debit balance of $60,000 and net sales for the year total $100,000. The allowance account before adjunstment has adebit balance of a $500, and uncollectible accounts expense is estimated at 1% of net sales. Question: The entry for the above bad debts is ( A )A.Dr. Bad Debt Accts. $1,500B.Dr. Bad Debt Accts. $500Cr. Allowance Doubtful Accts. $1,500 Cr. Allowance Doubtful Accts. $500C. Dr. Bad Debt Accts. $1,000D. Dr. Bad Debt Accts. $1,500Cr. Accts Rec. $1,000 Cr. Accts Rec. $1,5009.The balance sheet items to The Oven Bakery(arranged in alphabetical order)were as follows at August 1,2005.(You are to compute the missing figure for retained earnings.)(4%)REQUIRED:Find Retained earnings at August 1 2005(D)A.$420,000B.$44,000C.$40,000D.$48,000Practices2Sue began a public accounting practice and completed these transactions during first month of the current year.Required: Choose the entries to record the following transactons.1.Invested $50,000 cash in a public accounting practice begun this day. ( A )A.Dr. Cash $50,000B.Dr. Capital Stock $50,000Cr. Capital Stock $50,000 Cr. Cash $50,0002.Paid cash for three monts’ office rent in advance $900( B )A.Dr. Rent Exp. $900B.Dr. Prepaid Rent $900Cr. Cash $900 Cr. Cash $9003.Paid the premium on two insurance policies, $300. ( )A.Dr. Prepaid Insurance $300B.Dr. Insurance Exp $300Cr. Cash $300 Cr. Cash $300pleted accounting work for Sun Bank on credit $1000. ( A )A.Dr. Accts Rec $1000B.Dr. Cash $1000Cr.Accounting Revenue $1000 Cr.Accounting Revenue $10005.Paid the monthly utility bills of the accounting office $300 ( A )A.Dr Utility Exp $300B.Dr office Exp $300Cr. Cash $300 Cr. Cash $300Linda began a public accounting practice and completed these transactons during first month of the current year.Required: Choose the entries to record the following transactons.6.Invested $20,000 cash in a public accounting practice begun this day. ( A )A.Dr Cash $20,00B.Dr Capital Stock $20,000Cr. Capital Stock $20,000 Cr. Cash $20,007.Paid cash for three months’ office rent in advance $1200.( B )A.Dr. Rent Exp $1200B.Dr. Prepaid Rent $1200Cr. Cash $1200 Cr. Cash $12008.Purchased offfice supplies $100 and office equipment $2,000 on credit. ( B )A.Dr. Office Equipment $2,000B.Dr.Office Equipment $2,000Office Supplies $100 Office Supplies $100Cr. Accts Rec. $2,100 Cr.Accts Pay. $2,100pleted accounting work for Jack Hall and collected $2000 cash therefore. ( B )A.Dr. Accts Rec $2000B.Dr. Cash $2000Cr.Accounting Revenue $2000 Cr.Accounting Revenue $200010.Purchase additional office equipment on credit $2500.( A )A.Dr.Office equipment $2500B.Dr. Office equipment $2500Cr.Accts Pay $2500 Cr.Accts Rec $2500四、Translation:1)The mechanics of double-entry accounting are such that every transaction is recorded in the debit side of one or more accounts and in the credit side of one or more accounts with equal debits and credits. Such form of combination is called accounting entry. Where there are only two accounts affected. 2)the debit and credit amounts are equal. If more than two accounts are affceted, the total of the debit entries must equal the total of the credit entries. The double-entry accounting is used by virtually every business organization, regardless of whether the company’s accounting records are maintained manually or by computer.1.The mechanics of double-entry accounting.( B )A.会计两次记账的制度B.复式记账机制C.会计的重复记账体制2.the debit and credit amounts are equal. ( A )A.借方金额与贷方金额是相等的B.借出金额与贷款金额是相等的C.借入金额与贷款金额是相等的Most accounting methods are based on the assumption that the business enterprise will have a long life. Experience indicates that.1)inspite of numerous business failures, companies have a fairly high continuance rate. Accountants do not believe that business firms will last indefinitely, but they do expect them to last long enouthto 2)fulfill their objectives and commitments.3.in spite of numerous business failures, companies have a fairly high continuance rate. ( B )A.可惜有许多企业失败,但公司仍有较高的持续经营比率。

会计英语练习题

会计英语练习题一、词汇练习1. 请将下列会计术语的英文翻译成中文：- Assets:- Liabilities:- Equity:- Revenue:- Expense:- Depreciation:2. 请将下列中文会计术语翻译成英文：- 资产负债表:- 利润表:- 现金流量表:- 折旧:- 应收账款:- 存货:二、填空题1. The balance sheet is a statement of a company's financial position at a particular point in time, showing all the company's assets, liabilities, and __________.2. The income statement, also known as the profit and loss statement, is used to calculate the __________ of a business over a certain period of time.3. When a company purchases a new piece of equipment, it will record this as an __________ on the balance sheet.4. The __________ method of accounting records transactions when the cash is actually received or paid.5. If a company has a net loss, it will decrease the__________ on the balance sheet.三、简答题1. 请简述会计的四大基本假设。

2. 什么是会计准则？请举例说明。

会计学英语试题及答案

会计学英语试题及答案一、单项选择题（每题2分，共10题）1. Which of the following is not a financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Tax Return2. The process of recording all financial transactions in a company is known as:A. BudgetingB. ForecastingC. BookkeepingD. Auditing3. What does the term "Depreciation" refer to?A. The increase in value of an asset over timeB. The decrease in value of an asset over timeC. The sale of an assetD. The purchase of an asset4. Which of the following is not a type of receivable?A. Accounts ReceivableB. Notes ReceivableC. InventoryD. Trade Receivables5. What is the purpose of an audit?A. To ensure compliance with tax lawsB. To verify the accuracy of financial recordsC. To prepare financial statementsD. To manage the company's budget6. The term "Equity" in accounting refers to:A. The total assets of a companyB. The total liabilities of a companyC. The owner's investment in the companyD. The company's net income7. Which of the following is not a component of a balance sheet?A. AssetsB. LiabilitiesC. EquityD. Revenue8. The accounting equation is represented as:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Assets + Equity = Liabilities9. What is the term used to describe the conversion of cash into other assets?A. InvestingB. FinancingC. OperatingD. Spending10. Which of the following is a non-current asset?A. CashB. InventoryC. LandD. Office Supplies二、多项选择题（每题3分，共5题）1. Which of the following are considered as current assets?A. CashB. Accounts ReceivableC. InventoryD. Land2. The following are examples of liabilities except:A. Accounts PayableB. Long-term DebtC. Common StockD. Retained Earnings3. The following are types of expenses in an income statement except:A. Cost of Goods SoldB. Salaries and WagesC. DividendsD. Depreciation4. Which of the following are considered as equity transactions?A. Issuance of SharesB. Declaration of DividendsC. EarningsD. Payment of Dividends5. The following are true statements about accountingprinciples except:A. The going concern assumptionB. The matching principleC. The cash basis of accountingD. The accrual basis of accounting三、判断题（每题1分，共5题）1. True or False: The accounting cycle includes the processof closing the books at the end of an accounting period.2. True or False: All prepaid expenses are considered current assets.3. True or False: Revenue recognition is based on the cash received.4. True or False: The statement of cash flows is preparedusing the cash basis of accounting.5. True or False: The accounting equation must always balance.四、简答题（每题5分，共2题）1. Explain the difference between revenue and profit.2. Describe the role of the statement of cash flows infinancial reporting.五、计算题（每题10分，共1题）A company has the following transactions during the month:- Cash sales: $10,000- Accounts receivable: $5,000- Accounts payable: $3,000- Inventory purchased on credit: $2,000- Cash paid for expenses: $1,500Calculate the company's cash flow from operating activities for the month.答案：一、单项选择题1. D2. C3. B4. C5. B6. C7. D8. A9. A10. C二、多项选择题1. A, B, C2. C, D3. C4. A, D5. C三、判断题1. True2. True3. False4. False5. True四、简答题1. Revenue is the income generated from the normal business activities of a company over a specific period, before any expenses are deducted. Profit, on the other hand, is the amount of money remaining after all expenses have been deducted from the revenue. It represents the net income or net loss of a company.2. The statement of cash flows is a financial statement that provides information about the cash receipts。

英语会计考试题目及答案

英语会计考试题目及答案一、选择题（每题2分，共20分）1. What is the basic equation of accounting?A. Assets = Liabilities + EquityB. Revenue - Expenses = ProfitC. Depreciation - Amortization = LossD. Cost of Goods Sold + Operating Expenses = Net Income答案：A2. Which of the following is NOT a type of intangible asset?A. TrademarkB. PatentC. CopyrightD. Inventory答案：D3. The process of allocating the cost of a tangible asset over its useful life is known as:A. AmortizationB. DepreciationC. AccrualD. Provision答案：B4. What is the purpose of adjusting entries at the end of anaccounting period?A. To increase the company's profitB. To ensure the financial statements are accurate and up-to-dateC. To reduce the company's tax liabilityD. To prepare for the next accounting period答案：B5. The term "Double Entry Bookkeeping" refers to the practice of:A. Recording transactions twiceB. Recording debits and credits for every transactionC. Keeping two sets of booksD. Using two different accounting software答案：B...二、简答题（每题10分，共30分）1. Explain the difference between "revenue recognition" and "matching principle".答案：Revenue recognition is the process of recognizing income in the accounting records as it is earned, regardless of when payment is received. The matching principle, on the other hand, is an accounting concept that requires expenses to be recognized in the same accounting period as the revenue they helped generate. This ensures that the financial statements reflect the actual performance of the business fora given period.2. What are the main components of a balance sheet?答案：The main components of a balance sheet are assets, liabilities, and equity. Assets represent what the company owns, liabilities represent what the company owes, and equity represents the residual interest in the assets of the entity after deducting liabilities....三、计算题（每题15分，共30分）1. Given the following information for XYZ Corp., calculate the net income for the year ended December 31, 2023:- Sales revenue: $500,000- Cost of goods sold: $300,000- Operating expenses: $100,000- Depreciation expense: $20,000- Interest expense: $10,000答案：Net Income = Sales Revenue - (Cost of Goods Sold + Operating Expenses + Depreciation Expense + Interest Expense) Net Income = $500,000 - ($300,000 + $100,000 + $20,000 + $10,000)Net Income = $500,000 - $440,000Net Income = $60,0002. If a company purchased a machine for $50,000 and expectsit to have a useful life of 5 years with no residual value, calculate the annual depreciation expense using the straight-line method.答案：Annual Depreciation Expense = (Cost of Asset - Residual Value) / Useful LifeAnnual Depreciation Expense = ($50,000 - $0) / 5Annual Depreciation Expense = $10,000...结束语：希望这份英语会计考试题目及答案对您的学习和复习有所帮助。

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Chapter 2 Accounting Concepts and Principles财务报表要素Asset 资产Liability 负债Equity 所有者权益、股本Revenue 收入Expense 费用Gain 利得Loss 损失For each item below, indicate to which category of elements of financial statements it belongs.每个项目下面，说明这类财务报表要素属于.(a) Retained earnings 留存收益equity(b) Sales 销售revenue(c) Additional paid-in capital 股本溢价equity(d) Inventory 存货asset(e) Depreciation 折旧费expense(f) Dividends 股息equity(g) Gain on sale of investment 出售投资收益gain(h)Interest payable 应付利息liability(i)Loss on sale of equipment 销售设备的亏损loss(j) Issuance of common stock 发行普通股equityChapter 3 Financial StatementsExercise 1. Presented on the next page are the captions of Faulk Company’s balance sheet.在下一页的标题的福克公司的资产负债表。

(a) Current assets. (f) Current liabilities.(b) Investments. (g) Non-current liabilities.(c) Property, plant, and equipment. (h) Capital stock.(d) Intangible assets. (i) Additional paid-in capital.(e) Other assets. (j) Retained earnings.(a)流动资产(b)投资(c固定资产(d)无形资产(e)其他资产(f)流动负债(g)非流动负债。

(h)股本(i)股本溢价(j)留存收益。

InstructionsIndicate by letter where each of the following items would be classified.1. Preferred stock. 11. Cash surrender value of life insurance.2. Goodwill. 12. Notes payable (due next year).3. Wages payable. 13. Office supplies.4. Trade accounts payable. 14. Common stock.5. Buildings. 15. Land.6. Trading securities. 16. Bond sinking fund.7. Current portion of long-term debt. 17. Merchandise inventory.8. Premium on bonds payable. 18. Prepaid insurance.9. Allowance for doubtful accounts. 19. Bonds payable.10. Accounts receivable. 1优先股2商誉3应付工资4贸易应付帐款5建筑物6证券交易。

7长期债务的当期部分8应付债券溢价9坏账准备10应收账款20. Taxes payable.11人寿保险现金解约价值12应付票据（明年）13办公用品14普通股15土地16债券偿债基金17商品库存18预付保险费19应付债券20应付税款(a)流动资产6.9.10.13.17.18(b)投资16(c固定资产5.15(d)无形资产2(e)其他资产11 (f)流动负债3.4.7.12.20(g)非流动负债8.19(h)股本1.14(i)股本溢价(j)留存收益Exercise 2. The accounting department supplied the following data in recording the September 30 bank statement for Rytton, Inc.Closing cash balance per bank statement $15 496.91 Closing cash balance per cash book 14 692.71 Deposits in transit 2 615.23Bank service charge 25.00 Outstanding checks 3 079.51Note collected by bank including $45 interest (Rytton not yet1 045.00 notified)617.08Error by bank-check drawn by Rytten Corp. was charged toRytton’s accountA sale and deposit of $1 729.00 was entered in the sales journal and cash receipts journal as $1 792.00.银行：15496.91 企业：14692.71加2615.23 617.08 加1045减3232.31 减2563平衡：15649.71InstructionsPrepare the September 30 bank reconciliation.Exercise 3. A machine is purchased at the beginning of 2002 for $36 000. its estimated life is 6 years. Freight costs on the machine are $2 000. Installation costs are $1 200. The machine is estimated to have a residual value of $500 and a useful life of 40 000 hours. It was used 6 000 hours in 2002. 2002年初采购机器价款36000美元，估计有6年寿命。

机器的货运成本是2000美元，安装成本是1200美元。

该机预计净残值为500美元，可以使用寿命40000小时。

在过去的2002一年它使用了6000小时。

InstructionsWhat is the cost of the machine for accounting purposes? 36000+2000+1200=39200 Compute the depreciation charge for 2002 using 计算2002年的折旧费(a) the straight-line method 直线法and (b) the service-hours method.工作量法（a）直线法（平均年限法）年折旧额=（固定资产原值-预计净残值）/预计使用年限2002年折旧额=（39200-500）/6=6450（b）工作量法单位工作量折旧费=（固定资产原值-预计净残值）/预计工作总量年折旧额=当年实际工作量*单位工作量折旧费单位….= （39200-500）/40000=0.96752002年折旧额=0.9675*6000=5805Exercise 3.Mick Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2008, Mick reacquired 100 shares at $85 per share. On September 1, Mick reissued 60 shares at $90 per share. On November 1, Mick reissued 40 shares at $83 per share.InstructionsPrepare Mick’s journal entries to record these transactions using (a) the cost method, (b) the par value method.麦克公司拥有优秀的10000股，面值10美元的普通股。

2008年7月1日，麦克发行100股每股85美元。

九月一日，麦克发行60股每股90美元。

十一月一日，麦克发行40股每股83美元。

米克的预备日记帐分录记录下这些交易使用的（a）成本法(b)帐面价值的方法。

（a）成本法：the cost method7/1/08 Treasury stock (100*85) 8500Cash 85009/1/08 Cash(60*90) 5400Treasury stock (60*85) 5100Paid-in capital from treasury stock 30011/1/08 Cash(40*83) 3320Paid-in capital from treasury stock 80Treasury stock (40*85) 3400（b）帐面价值的方法：the par value method7/1/08 Treasury stock (100*10) 1000Paid-in capital from treasury stock 7500Cash (100*85) 85009/1/08 Cash (60*90) 5400Treasury stock (60*10) 600Paid-in capital from treasury stock 480011./1/08Cash (40*83) 3320Paid-in capital from treasury stock 2920Treasury stock (40*10) 4001. The economic resources of a business are called: BA. Owner’s EquityB. AssetsC. Accounting equationD. Liabilities2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on January 20 by DTK Company to record this transaction includes: DA. A debit to the cash receivable account of $2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at: AA. Face value. 账面价值B. Current value.现值C. Market value. 市场价值D. Estimated future sales value.4. Each of the following measures strengthens internal control over cash receipts except: DA. The use of a voucher system.B. Preparation of a daily listing of all checks received through the mail.C. The deposit of cash receipts intact in the bank on a daily basis.D. The use of cash registers.5. Which of the following items is the greatest in dollar amount? DA. Beginning inventory 期初存货B. Cost of goods sold. 销货成本C. Cost of goods available for saleD. Ending inventory 期末存货6. Why do companies prefer the LIFO inventory后进先出法method during a period of rising prices? BA. Higher reported incomeB. Lower income taxesC. Lower reported incomeD. Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment? DA. IntangibleB. Unlimited lifeC. Being sold in its useful lifeD. Not capable of rendering benefits to the business in the future.8. Which account is not a contra-asset account? BA. Depreciation ExpenseB. Accumulated DepletionC. Accumulated DepreciationD. Allowance for Doubtful Accounts9. What are the two factors that make ownership of an interest in a general partnership particularly risky? AA. Mutual agency and unlimited personal liabilityB. Limited life and unlimited personal liability.C. Limited life and mutual agency.D. Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in the daily management of the business? DA. General partnersB. Limited liability partnersC. Sole proprietors 个体经营者D. Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA. Help their analysis of financial statementsB. Help their understanding of financial statementsC. Help their checking of financial statements.D. All of the above12. The current liabilities are $30 000, the long-term liabilities are $50 000, and the total assets are $240 000. What is the debt ratio? CA. 0.125B. 0.208C. 0.333D. 3.013. The horizontal analysis is used mainly to AA. Analyzing financial trendsB. Evaluating financial structureC. Assessing the pat performancesD. Measuring the term-paying ability14. Among the following ratios, which is used for long-term solvency analysis? 长期偿债能力分析AA. Current ratio 流动比率B. Times-interest-earned ratioC. Operating cycleD. Book value per share15. A profit-making business that is a separate legal entity and in which ownership is divided into shares of stock is known as a DA. Sole proprietorship 个体独资公司B. Single proprietorshipC. Partnership 合伙公司D. Corporation 股份有限公司一、名词解释(10分)(1) Journal entry：日记账Journal entry is a logging of transactions into accounting journal items. It can consist of several items, each of which is either a debit or a credit. The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced". Journal entries can record unique items or recurring items such as depreciation or bond amortization.(2) Going concern：持续经营The company will continue to operate in the near future, unless substantial evidence to the contrary exists.(3) Matching principle：一致性原则(4) Working capital：营运资金(5) Revenue expenditure：收入费用二、会计业务（共35分）1. On December 1, ME Company borrowed $250 000 from a bank, and promise to repay that amount plus 12% interest (per year) at the end of 6 months.(1) Prepare the general journal entry to record obtaining the loan from the bank on December 1.(2) Prepare the adjusting journal entry to record accrual of the interest payable on the loan on December 31.(3) Prepare the presentation of the liability to the bank on ME’sDecember balance sheet.Answer:(1) Debit: cash $250000Credit: current liabilities $250000(2) Debit: Accrual Expense $5000 不确定Credit: Interest Payable $5000(3) P392. The following information relating to the bank checking account is available for Music Hall at July 31:Balance per bank statement at July 31 $20 0000 Balance p er depositor’s records 18 860 Outstanding checks 2 000 Deposits in transit 800 Service charge by bank 60Prepare a bank reconciliation银行对账工作fro Music Hall at July 31. Answer:P423. Please prepare the related entries according to the following accounting events.1) Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of this amount, $200,000 remains uncollected at December 31. The credit manager estimates that $12,000 of these sales will be uncollectible. Please prepare the adjusting entry to record the estimated uncollectible. 2) On March 1, 2003 the manager of finance of Healy Furniture authorizes a write-off of the $500 balance owed by Nick Company. Please make the entry to record the write-off.3) On July 1, Nick Company paid the $500 amount that had been written off on March 1. Answer:(1) Debit: Uncollectible Accounts Expense坏账损失$12000Credit: Allowance for Doubtful Accounts坏账准备$12000(2) Debit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3) Debit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500 Debit: Cash $500 Credit: Accounts Receivable $500四、英译汉（40分）(1) Accounting principles are not like physical laws; they do not exist in nature, awaiting discovery man. Rather, they are developed by man, in light of what we consider to be the most important objectives of financial reporting. In many ways generally accepted accounting principles are similar to the rules established for an organized sport such as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。

会计专业英语练习题.