会计专业英语期末试题
《会计专业英语》期末试题（A卷）答案（共五则）
《会计专业英语》期末试题（A卷）答案（共五则）第一篇：《会计专业英语》期末试题(A卷)答案2001会计专业英语试题答案1.(1)Journal entry—A chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts.(2)Going concern ——An assumption that a business entity will continue in operation indefinitely and thus will carry out its existing commitments.(3)Matching principle——The revenue earned druing an accounting period is offset with the expenses incurred in generating this revenue.(4)Working capital——Current assets minus current liabilities(5)Revenue expenditure——Any expenditure that will benefit only the current accounting period.2.每空1分，其中两个debit合计1分(1)(two).(debit).(debit).(equal).(2)(adjusting).(assign).(end).(p rior)(3)(liquid).(that).(at)3.题一10分，第一小段6分，第二小段4分。
题二8分(1)Financial statements show the financial position of a business and the results of its operations, presented in conformity with generally accepted accounting principles.These statements are intended for use by many different decision makers, for many different purposes.Tax returns show the computation of taxable income, legal concept by tax laws and regulations.In many cases, tax laws are similar to generally accepted accounting principles, but substantial differences do exist.(2)Auditors do not guarantee the accuracy of financial statements;they express only their expert opinion as to the fairness of the statements.However, CPA firms stake theirreputations on the thoroughness of their audits and the dependability of their audit reports.4.每小题6分，每小题包括三小句，每小句2分。
会计英语期末试题及答案
会计英语期末试题及答案一、选择题（每题2分，共20分）1. Which of the following is NOT a financial statement?A. Balance SheetB. Income StatementB. Cash Flow StatementD. Budget Report2. What is the term used to describe the process of recording financial transactions in a company's books?A. AuditingB. BookkeepingC. Financial AnalysisD. Forecasting3. The process of determining the value of an asset orliability is known as:A. ValuationB. AmortizationC. DepreciationD. Accrual4. What does the abbreviation GAAP stand for?A. Generally Accepted Accounting PrinciplesB. Global Accounting and Auditing PracticesC. Government Accounting and Auditing PoliciesD. Good Accounting and Auditing Practices5. The term "revenue recognition" refers to the process of:A. Recording expenses when they are incurredB. Recording revenues when they are earnedC. Allocating costs to products or servicesD. Matching revenues with their related expenses6. Which of the following is a non-current asset?A. InventoryB. Accounts ReceivableC. LandD. Prepaid Expenses7. The matching principle in accounting requires that:A. All expenses must be recorded in the same period as the revenues they generateB. All assets must be listed on the balance sheetC. All liabilities must be paid off within one yearD. All revenues must be recognized in the period they are received8. What is the purpose of adjusting entries?A. To increase the company's reported profitsB. To ensure that financial statements reflect the current financial position of the companyC. To prepare the company for an auditD. To reduce the company's tax liability9. The accounting equation is:A. Assets = Liabilities + EquityB. Liabilities = Assets - EquityC. Equity = Assets - LiabilitiesD. All of the above10. Which of the following is a type of depreciation method?A. FIFOB. LIFOC. Straight-lineD. FIFO and LIFO are both inventory valuation methods答案：1. D2. B3. A4. A5. B6. C7. A8. B9. D10. C二、填空题（每空1分，共10分）11. The primary financial statements include the ______,______, and ______.12. The accounting cycle consists of several steps, including journalizing, ______, posting, and preparing financial statements.13. In accounting, the term "double-entry" refers to the practice of recording each transaction in ______ accounts. 14. The accounting equation shows the relationship between assets, liabilities, and ______.15. The accrual basis of accounting records revenues andexpenses when they are ______, not necessarily when cash is received or paid.答案：11. Balance Sheet, Income Statement, Cash Flow Statement12. footing13. two14. equity15. earned or incurred三、简答题（每题5分，共20分）16. 简述会计信息的四个主要特征。
会计英语（A）试题及答案
会计英语期末考试题（A卷）I. Multiple Choices (10%)1、Users of accounting information who have a direct interest in the business include（）.A. Present and Potential Investors;B. Present and Potential Creditors;C. Management;D. Tax Authorities;E. Customers and the general public2、In most cases, the management of a corporation consists of ( ).A、president;B、vice president;C、controller;D、treasurer;E、secretary3、Which of the following expressions are belonged to intangible assets? ( )A、cash in the safe; B. accounting system software; C. brand name; D. office building;E. customer and supplier relationship4、The source documents of the business transaction include ( ).A、cancelled checks;B、supplier invoices;C、cash receipts;D、purchase orders;E、notes for loan5、Which of the following businesses should draw up financial statements? ( ).A、private individuals;B、non-profit organizations;C、retailers;D、wholesalers;E、service Industries6、The closing entries consist of ( ) steps.A、2;B、3;C、4;D、5;E、67、Cash receipts of a company include ( ).A、bills;B、coins;C、promissory note signed by the customer;D、checks signed by the customer;E、goods paid by the credit cards8、Cash flow can be divided into three components which are ( ).A、Managing cash flow;B、Operating cash flow;C、Investing cash flow;D、Financing cash flow;E、Marketing cash flow9、Three generally accepted methods that may be used to estimate the allowance are ( ).A、Percentage of Credit Sales Method;B、Total Sales Method;C、Accounts Receivable Aging Method;D、Percentage of Receivables Method;E、Straight-line Method10、A promissory note is signed on October 3rd, due in 60 days, maturity date of the note is ( ).A、November 30th;B、December 1st;C、December 2nd;D、December 3rd;E、December 4thII. Write T (true) before the statements which are true and F (false) before the statements which are false. (5%)1、（）Stockholders should take part in the daily management and the decision-making.2、（）Purchasing assets by incurring a liability will increase both the assets and liabilities. However, owner’s equity will be unaffected.3、（）The balance of debits and credits means that there is not any error during the recording and calculating.4、（）At the end of an accounting period, the prepaid expenses should be adjusted. Otherwise, the assets will be understated and the expenses will be exaggerated.5、（）More profit means more cash on hand.III. Words and T erms (16%)1、Notes Receivable ______________________2、Prepaid Insurance ___________________3、journal __________________4、Accumulated Depreciation ____________________5、accrual accounting __________________6、Sales returns and allowances ________________7、bad debts __________________8、maturity date ____________________9、存货_________________ 10、预收影印费_________________________ 11、复式记账________________________ 12、红利______________________13、会计循环_______________________ 14、试算平衡_________________________ 15、损益汇总账户______________________16、有价证券_______________________IV. Fill in the following blanks with proper words. (14%)1、Three basic forms of business organization are：____________________、________________ and corporations .2、The expanded accounting equation is: Assets = Liabilities + Owner’s equity + ________________ —_________________3、Basically, the T account has three parts: a _______________, the debit and the _____________.4、Promissory notes are classified as ______________________ notes and ____________________ notes.5、The _______________________ is a collection of the business’s accounts and often takes the form of simple ___________________________ account.6、At the beginning of accounting period, the investment cost of marketable securities includes ________________, taxes, and ________________________ .7、Net income equals _____________________________ less ____________________________.V. T ranslate the following sentences into Chinese. (15%)1、Accounting is defined as “an information system that measures, processes, and communicates financial information about an identifiable economic entity”.2、Cash consists of money or any medium of exchange that a bank will accept at face value for deposit, and money in a bank or banks.3、The accounting cycle refers to the accounting process that begins with the analysis of transactions to the closing of books.4、Analyzing how the balance sheet changes over time will reveal essential information about the company’s business trends.5、The estimate of the uncollectibles at the end of a fiscal period should be based on past experience and forecasts of future business activity.VI. Calculating based on the information given. (15%)1、At the beginning of 2011, the assets of Brian Smith Company were $250,000, and its owner’s equity was $135,000. During the year, assets increased $45,000, and liabilities decreased $8,000. What was the owner’s equity at the end of 2011?2、On June 5, 2011, Tracy Norwood Company sold customer $20,000 of merchandise, terms 2/10, 1/20, n/30, on which a sales return of $800 is granted on June 11. Tracy received payment in full from customer on June 17. Please calculate the amount the customer has to pay on June 17.3、In order to raise cash, George Ross Co. discounted a $4000, 90-day note 30 days before the maturity date. Interest rate of the note is 8% and the discount rate is 10%. Please compute the proceeds from discount.VII、Make entries and financial statements. (25%)On December 31st, 20XX, Mike Andrew got the following ledger accounts: Cash —$6,780 (dr.); Accounts Receivable —$1,600 (cr.); Prepaid Insurance —$480 (dr.); Supplies —$600 (dr.); Cutting Machine —$920 (dr.); Accounts Payable —$40 (cr.); Mike Andrew, Capital —$6,800 (cr.); Service Revenue —$580 (cr.); Wages Expense —$200 (dr.); Telephone Expense —$40 (dr.).Suppose $200 of supplies had been used up within this month. The estimated useful life of cutting machine is 2 years and salvage value is zero. The insurance policy is one year.Make the entries of adjustment and prepare work sheet, income statement, statement of owner’s equity and balance sheet according to these accounts.1、Entries of adjustment2、Work SheetMike Andrew CompanyWork SheetDec.31, 20XX3、Income StatementMike Andrew CompanyIncome Statement4、Statement of Owner’s EquityMike Andrew CompanyStatement of Owner’s Equity5、Balance SheetMike Andrew CompanyBalance Sheet会计英语A卷答案一、多选题：1、ABC2、ABCDE3、BCE4、ABCDE5、ABCDE6、C7、ABDE8、BCD9、ACD10、C评分标准：共计10分，每题1分，多选、少选、错选均不得分二、判断题：1、F2、T3、F4、F5、F评分标准：共计5分，每题1分三、词汇题：1、应收票据2、预付保险费3、日记账4、累计折旧5、权责发生制会计（应计会计）6、销售退回与折让7、坏账8、到期日9、inventory10、Unearned Photocopy Fees11、double-entry bookkeeping12、dividend 13、accounting cycle14、trial balance15、income summary account16、marketable securities评分标准：共计16分，每题1分。
英语会计期末考试题及答案
英语会计期末考试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a primary financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Payroll ReportAnswer: D2. The process of recording financial transactions is known as:A. BudgetingB. AccountingC. AuditingD. ForecastingAnswer: B3. What is the formula for calculating the current ratio?A. Current Assets / Current LiabilitiesB. Total Assets / Total LiabilitiesC. Current Assets / Total AssetsD. Current Liabilities / Total AssetsAnswer: A4. Which of the following is not an accounting principle?A. Going ConcernB. Accrual BasisC. Cash BasisD. ConsistencyAnswer: C5. What is the purpose of depreciation?A. To increase the value of assetsB. To allocate the cost of a tangible asset over its useful lifeC. To reduce taxesD. To increase profitsAnswer: B二、填空题（每题1分，共10分）6. The _________ is a summary of a company's financial position at a particular point in time.Answer: Balance Sheet7. An _________ is a liability that is due within one year. Answer: Current Liability8. The _________ is the difference between the cost of an asset and its accumulated depreciation.Answer: Book Value9. The _________ is the process of determining the value of a company's assets.Answer: Valuation10. _________ is a method of accounting where revenues and expenses are recognized when they are earned or incurred.Answer: Accrual Accounting三、简答题（每题5分，共20分）11. Explain the difference between a debit and a credit in accounting.Answer: In accounting, a debit is an entry that increases assets or expenses and decreases liabilities, equity, or revenues. Conversely, a credit is an entry that increases liabilities, equity, or revenues and decreases assets or expenses.12. What is the purpose of a trial balance?Answer: The purpose of a trial balance is to verify the accuracy of the accounting entries by ensuring that the total debits equal the total credits.13. Describe the accounting equation.Answer: The accounting equation is Assets = Liabilities + Owner's Equity. It represents the basic principle that the total assets of a company are financed by its liabilities and the owner's equity.14. What is the purpose of an income statement?Answer: An income statement is used to summarize acompany's revenues, expenses, and net income over a specific period of time, providing an overview of the company's financial performance.四、计算题（每题10分，共20分）15. Given the following data for a company, calculate the current ratio and the debt-to-equity ratio.- Current Assets: $50,000- Current Liabilities: $20,000- Total Liabilities: $80,000- Owner's Equity: $120,000Answer:- Current Ratio = Current Assets / Current Liabilities = $50,000 / $20,000 = 2.5- Debt-to-Equity Ratio = Total Liabilities / Owner's Equity = $80,000 / $120,000 = 0.6716. A company purchased equipment for $100,000 and expects it to have a useful life of 5 years with no residual value. Calculate the annual depreciation expense using the straight-line method.Answer:- Annual Depreciation Expense = (Cost of Equipment - Residual Value) / Useful Life- Annual Depreciation Expense = ($100,000 - $0) / 5 = $20,000五、案例分析题（每题15分，共30分）17. A small business has the following transactions for the month of January:- Purchased inventory on credit for $15,000.- Sold goods for $25,000 cash.- Paid $5,000 in salaries.- Received $10,000 in advance for services to be provided in the future.Prepare the journal entries for these transactions.Answer:- Purchase of Inventory:- Debit: Inventory $15,000- Credit: Accounts Payable $15,000- Sale of Goods:- Debit: Cash $25,000- Credit: Sales Revenue $25,000。
会计英语期末考试试题
会计英语期末考试试题一、选择题（每题2分，共20分）1. What is the basic accounting equation?A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets + Liabilities = EquityD. Equity = Assets - Liabilities2. Which of the following is not a type of financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Budget Report3. What does the term "depreciation" refer to?A. The increase in the value of an asset over time.B. The decrease in the value of a tangible asset due to wear and tear.C. The process of allocating the cost of an asset over its useful life.D. The sale of an asset at a reduced price.4. What is the purpose of an audit?A. To verify the accuracy of financial statements.B. To provide tax advice to a company.C. To prepare financial statements.D. To manage a company's cash flow.5. Which of the following is an example of a current asset?A. InventoryB. LandC. MachineryD. Building6. What is the accounting term for the cost of goods sold?A. COGSB. CGSC. COSD. COTS7. In accounting, what is the term for the net income of a business after all expenses have been deducted?A. Gross ProfitB. Net ProfitC. Operating ProfitD. Earnings Before Tax8. What is the process of adjusting the accounts at the end of an accounting period to show the correct financial position of a company?A. Closing the accountsB. Posting the accountsC. Adjusting entriesD. Balancing the accounts9. Which of the following is a non-current liability?A. Accounts PayableB. Notes PayableC. Long-term DebtD. Sales Tax Payable10. What does the acronym GAAP stand for?A. Globally Accepted Accounting PrinciplesB. Generally Accepted Accounting PracticesC. Government Accounting and Auditing PrinciplesD. Global Accounting and Auditing Principles二、简答题（每题5分，共20分）1. Explain the difference between a debit and a credit in accounting.2. Describe the purpose of a trial balance in the accounting process.3. What are the main components of a balance sheet?4. How does the matching principle affect the calculation of net income?三、计算题（每题10分，共30分）1. Calculate the net income for a company with the following figures:- Revenue: $500,000- Cost of Goods Sold: $300,000- Operating Expenses: $50,000- Depreciation: $20,000- Interest Expense: $10,0002. A company has the following assets at the end of the year: - Cash: $10,000- Accounts Receivable: $15,000- Inventory: $20,000- Equipment: $50,000 (with accumulated depreciation of $10,000)Calculate the total current assets and total assets.3. If a company has a balance of $75,000 in its retained earnings account at the beginning of the year and a net income of $30,000, calculate the ending balance of retained earnings.四、案例分析题（共30分）A company has just completed its fiscal year and is preparing its financial statements. The following information is available:- Sales Revenue: $1,500,000- Cost of Goods Sold: $900,000- Selling and Administrative Expenses: $200,000- Depreciation Expense: $50,000- Interest Expense: $30,000- Taxes Payable: $100,000- Dividends Paid: $50,000Based on the information provided, prepare an income statement for the company. Explain any assumptions made during the preparation of the income statement.五、论述题（共30分）Discuss the importance of ethical behavior in the field of accounting. Provide examples of ethical dilemmas that an accountant might face and how they can be resolved.请注意，本试题仅为示例，实际考试内容和格式可能会有所不同。
会计英语期末试题及答案
会计英语期末试题及答案IntroductionWith the global economy becoming increasingly interconnected, proficiency in accounting English has become an essential skill for accountants and finance professionals. This article presents a comprehensive set of accounting English final exam questions and answers, enabling learners to test and enhance their knowledge in this field.Section 1: Vocabulary and Terminology1. Match the following accounting terms with their definitions:a) Accruals i) An estimate of what a company owes or is owedb) Depreciation ii) A record of all financial transactions in chronological orderc) General Ledger iii) The systematic allocation of the cost of an assetd) Accounts Payable iv) Expenses incurred but not yet paide) Trial Balance v) A summary of all accounts in a companyAnswer:a) Accruals iv) Expenses incurred but not yet paidb) Depreciation iii) The systematic allocation of the cost of an assetc) General Ledger ii) A record of all financial transactions in chronological orderd) Accounts Payable i) An estimate of what a company owes or is owede) Trial Balance v) A summary of all accounts in a companySection 2: Multiple Choice Questions1. Which of the following financial statements shows the financial position of a company at a specific point in time?a) Income Statementb) Balance Sheetc) Cash Flow StatementAnswer: b) Balance Sheet2. What is the purpose of a cash flow statement?a) To calculate net incomeb) To track the movement of cash in and out of a companyc) To analyze revenue and expenses over a period of timeAnswer: b) To track the movement of cash in and out of a companySection 3: Fill in the Blanks1. The ___________ equation states that Assets = Liabilities + Equity.Answer: Accounting2. _________ is a document used to request payment from a customer.Answer: InvoiceSection 4: Short Answer Questions1. What is the difference between financial accounting and managerial accounting?Answer: Financial accounting focuses on providing information to external stakeholders, such as investors and creditors, while managerial accounting is concerned with providing information to internal users, such as managers and decision-makers within a company.2. Explain the concept of double-entry bookkeeping.Answer: Double-entry bookkeeping is a system in which every financial transaction is recorded in at least two accounts: a debit and a credit. This system ensures that the accounting equation (Assets = Liabilities + Equity) remains in balance and provides a clear audit trail for each transaction.ConclusionMastering accounting English is crucial for professionals in the field of finance and accounting. By utilizing the provided set of accounting English final exam questions and answers, learners can enhance their understanding and proficiency in this specialized area, leading to improved job prospects and career growth.。
会计英语期末考试试题
会计英语期末考试试题Section 1: Vocabulary (20 marks)Part A: Fill in the blank with the appropriate accounting term. (10 marks)1. The financial statement that reports a company's assets, liabilities, and shareholders' equity is called the ________.2. ________ is the systematic allocation of the cost of an asset to expense over its useful life.3. The financial statement that shows a company's revenues, expenses, and net income is called the ________.4. The ________ is the primary measure of profitability for a company.5. ________ refers to the occurrence of an event that causes a material change in the financial statements.6. A(n) ________ is a document prepared by a buyer that requests the seller to provide goods or services.7. ________ is the process of examining a company's financial statements to ensure their accuracy and reliability.8. A(n) ________ is a document that details the terms and conditions ofa sale between a buyer and a seller.9. ________ is the process of assigning costs to inventory or products sold based on specific identification or predetermined methods.10. ________ is the amount remaining after subtracting expenses from revenue, also known as profit.Part B: Match the accounting term with its definition. (10 marks)1. ________________ Cash Flow2. ________________ Depreciation3. ________________ Liabilities4. ________________ Balance Sheet5. ________________ Revenue6. ________________ Audit7. ________________ Invoice8. ________________ Cost Allocation9. ________________ Materiality10. ________________ Net Incomea. The process of examining a company's financial statements to ensure their accuracy and reliability.b. The systematic allocation of the cost of an asset to expense over its useful life.c. The financial statement that reports a company's assets, liabilities, and shareholders' equity.d. A document that details the terms and conditions of a sale between a buyer and a seller.e. The amount remaining after subtracting expenses from revenue, also known as profit.f. The occurrence of an event that causes a material change in the financial statements.g. The financial statement that shows a company's revenues, expenses, and net income.h. A document prepared by a buyer that requests the seller to provide goods or services.i. The process of assigning costs to inventory or products sold based on specific identification or predetermined methods.j. Debts or obligations of a company that arise from past transactions.Section 2: Reading Comprehension (40 marks)Read the following passage and answer the questions.Financial Reporting StandardsFinancial reporting standards, also known as accounting standards, are a set of guidelines that dictate how financial statements should be prepared and presented. They ensure consistency and comparability of financial information across different entities, making it easier for investors, creditors, and other stakeholders to assess and compare companies.The International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) are two commonly used sets of financial reporting standards. While IFRS is widely adopted in many countries around the world, GAAP is primarily used in the United States. However, there is an ongoing convergence project between the two, aiming to harmonize the standards and reduce the differences between them.Financial reporting standards cover various aspects of financial reporting, such as the recognition, measurement, presentation, and disclosure of financial information. They provide guidance on how to account for transactions, assets, liabilities, revenue, expenses, and many other elements of financial statements.Q1. What are financial reporting standards?Q2. Why are financial reporting standards important?Q3. What are the two commonly used sets of financial reporting standards?Q4. What is the difference between IFRS and GAAP?Q5. What do financial reporting standards cover?Section 3: Grammar and Writing (40 marks)Part A: Grammar (20 marks)Choose the correct answer to complete each sentence.1. The company ________ its financial statements every year.a) auditsb) auditedc) auditingd) had audited2. The revenue from sales ________ in the income statement.a) is showingb) showedc) showsd) has shown3. The balance sheet ________ information about the company's assets and liabilities.a) includesb) includingc) includedd) include4. The auditor ________ the financial statements for any errors or irregularities.a) has reviewedb) reviewingc) reviewedd) review5. Goodwill is an ________ asset that represents the value of a company's brand, reputation, and customer relationships.a) intangibleb) tangiblec) financiald) currentPart B: Writing (20 marks)Write a short paragraph (approximately 150 words) describing the importance of accurate financial reporting in accounting. Include the consequences of inaccurate financial reporting and explain how it can affect different stakeholders, such as investors, creditors, and employees.Accurate financial reporting plays a crucial role in accounting as it provides stakeholders, such as investors, creditors, and employees, with reliable information for decision-making. Inaccurate financial reporting can have several negative consequences. Firstly, it can mislead investors and creditors into making uninformed investment or lending decisions, leading to financial losses. Secondly, it can damage a company's reputation and result in loss of credibility, making it difficult to attract investors or obtain loans in the future. Thirdly, inaccurate financial reporting can affect employees as it may undermine their trust in the company's management and potentially result in job insecurity. Therefore, accurate financial reporting is essential for transparency, trust, and the overall stability of the financial market. It enables stakeholders to evaluate a company's financialperformance, make informed decisions, and contribute to a healthy and sustainable business environment.。
会计英语试卷含答案.doc
会计专业英语期末考试试卷1考试时间：2小时总分：100分一、判断：每题1分，共10分(正确的在题后括号内打钩，错误的打叉。
)1、R etained earning is not an asset; it is an element of stockholders'equity.( )2、在收付实现制下，收入是按照它在实际发生的期间，而不是实际收取现款的期间登记入账。
()3、The subsidiary accounts receivable ledger trial balance should agreewith the balance of the accounts receivable account in the general ledger.( )4、Cash budgets are not important to the management of cash flows.( )5、Profits decrease the owner's equity in the business. ( )6、All inventories shall be taken stock periodically. ( )7、In the periodic inventory system(实地盘存制)，the business does not keep acontinuous record of the inventory on hand.( )8、Non-current liabilities are obligations that must be paid within one year or theoperating cycle (whichever is longer).( )9、Central to the definition of a contingent liability is the element ofuncertainty.( )10、T he owner, s equity in a business is increased by borrowing money froma bank.( )二、单项选择题：每题2分，共20分(每题只有1个正确答案，多选或选错不得分)1、W hen an amount is entered on the ( ) side of an account, it is a credit, and theaccount is said to be credited.A、leftB、rightC、left or rightD、others2、Which is not included in long-term assets?( )A、fixed assetsB、intangible assetsC、cashD、deferred assets3、If a delivery truck costs $ 10, 000 and has an estimated residual value (残值)of $ 2, 000 at the end of its estimated useful life of fiveyears, the annual depreciation would be ( ) under the straight-line method.A、$ 2, 400B、$2, 000C、$ 1, 800D、$ 1, 6004、Total assets will be ( ) by the act of borrowing money from a bank.A、decreasedB、increasedC、remained (保持不变)D、uncertain5、The owners of a corporation (股份公司)are termed (称为)( )A、stockholdersB、investorsC、creditorsD、none of above (都不是)6、()是指会计忽略通货膨胀影响，对货币价值变动不作调整。
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期期末测试题Ⅰ、Translate The Following Terms Into Chinese .1. entity concept 主题概念折旧3. double entry system5. stable monetary unit balanceasset reportexpense controlflow statement basisfixed asset accounting15. current liability controlreturn and allowance positionsheet write-off methodⅡ、Translate The Following Sentences Into Chinese .1. Accounting is often described as an information system. It is the system that measures business activities, processes into reports and communicates these findings to decision makers.2. The primary users of financial information are investors and creditors. Secondary users include the public, government regulatory agencies, employees, customers, suppliers, industry groups, labor unions, other companies, and academic researchers.3. There are two sources of assets. One is liabilities and the other is owner’s equity. Liabilities are obligations of anentity arising from past transactions or events, the settlement of which may result in the transfer or use of assets or services in the future.资产有两个来源，一个是负债，另一个是所有者权益。
负债是由过去的交易或事件产生的实体的义务，其结算可能导致未来资产或服务的转让或使用。
4. Accounting elements are basic classification of accountingpractices. They are essential units to present the financial position and operating result of an entity. In China, we have six groups of accounting elements. They are assets, liabilities, owner’s equity, revenue, expense and profit (income).会计要素是会计实践的基础分类。
它们是保护财务状况和实体经营的重要部分。
在中国，我们有六个会计要素。
它们是资产，负债，所有者权益，收入，费用和利润（收入）。
5. The general journal (or journal) is a book of original entrythat links the debits and credits of individual transactions by providing a complete record of each transaction in one place, in chronological order.普通日记账（或日记账）是一个链接这借方和个别交易的信用的一本原始条目，是按时间顺序，在一个地方提供一个完整的交易记录。
Ⅲ. Please find the best answers to the following questions.1.Which of the following statement is false?a.The partnership form of business organization protects thepersonal assets of the owner from creditors of the businessb. A proprietorship has a single ownerc.Accounting is the information system that measures businessactivities, processes that information into reports, andcommunicates the results to decision makers.d.The FASB determines how accounting is practiced in the UnitedStates2.The principle or concept that holds that an entity will remain inoperation for the foreseeable future is thea.going-concern conceptb.stable-monetary-unit conceptc.reliability principled.cost principle3.Aftin Co. performs services on account when Aftin collects theaccount receivablea.assets increaseb.assets do not changec.owner’s equity decreasesd.liabilities decrease4. An income statement reports .a. the as sets, liabilities, and owner’s equity on a particular dateb. the change in the owner’s capital during the periodc. the cash receipt and cash payment during the periodd. the difference between revenues and expenses during the period5. The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 If net income was $ 1,500 and there were no withdrawals, how much did the owner invest?a.$ 4,500b.$ 6,000c.$ 45,000d.$ 43,0006. Traylor 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 liabiliti es and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities7. The journal entry to record the collection of $ 890 from a customer on account is .A. Accounts Payable 890Cash 890B. Cash 890Accounts Receivable 890C. Cash 890Account Payable 890D. Cash 890Service Revenue 8908. The ending Cash account balance is $ 57600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total $ 135,100, then the beginning Cash amount must haveA.$ 68,400B.$ 46,800C.$ 181,900D.Cannot be determined from the information given9. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable 6,900Building 179,400Cash 15,800Capital 64,000Insurance expense 6,500Salary expense 56,100Salary payable 3,600Service revenue 190,500A.$ 201,000 B $ 137,100 C $ 265,000 D $ 74,50010. Which of the following statements is correct? .A. The chart of accounts is a list of all accounts with their balancesB. The trial balance is a list of all accounts with their balances, divided as debit or creditC. The ledger is maintained in chart-of-accounts orderD. Both B and C are correct11. Which of the following items is the greatest in dollar amount?( )A. beginning inventoryB. cost of goods soldC. cost of goods available for saleD. ending inventory12. A company performs service on account t, when it collects the accounts receivable ( )A. assets increase B .assets don’t changeC. owner’s equity decreaseD. liabilities decrease13. The economic resources of a business are called ( )A. owner’s equityB. assetsC. accounting equation D .liabilities14. Which of the following financial statements shows the financial position of a business entity at a specified date?A. balance sheetB. income statementC. statement of retained earningsD. cash flow statement15. The purchase of office supplies on account will ( )A. increase an asset and increase owner’s equityB. increase an asset and decrease another assetC. increase an asset and increase a liabilityD. increase an asset and decrease a liabilityof the following items is not an element of the balance sheet? ( )A. assetsB. expensesC. liabilitiesD. owner’s equity17. A transaction caused a$10000 decrease in both total assets and liabilities. This transaction could have been( )A. purchase of a delivery truck for $10000 cashB. an asset with a cost of $10000 was destroyed by fireC. repayment of a $10000 bank loanD. collection of a $10000 account receivable18. Transferring transaction data from the journal to the ledger is called ( )A. postingB. recordingC. journalizingD. interpretingpurpose of the cash flow statement ,the term cash includes cash on hand ,cash on deposit, and ( )A. cash in banksB. paper moneyC. cash equivalentsD. coins20. The principle that holds that an entity will remain in operation for the foreseeable future is the ( )A. going-concern conceptB. stable-monetary-unit conceptC. reliability principleD. cost principleⅣ.Recording transactions in the general journal using the following accounts: Fixed Assets(固定资产), Cash(现金), Rent Expense(房租费用), Accounts Receivable(应收账款), Accounts Payable(应付账款), Sales(销售收入).1. Sunrise Co. Ltd paid the rent for $ 8,000.2. Sunrise Co. Ltd purchases a new computer for $ 2,000, not paid.3. Sunrise Co. Ltd sells software for $ 30,000 and sends their customer an invoice. They allow their customer 30 days to pay them for this software (on account)4. Sunrise Co. Ltd sells software and receives a check from the customer for $ 36,000 for the service provided.5. Sunrise Co. Ltd designs a network system for a customer and receives a check for $ 40,000.6. Sunrise Co. Ltd purchases $ 500 worth of office supplies on account.7. Sunrise Co. Ltd pays the computer company $ 2,000 witha check for the computers that they bought.8. Sunrise Co. Ltd receives a check from the customer who they billed $ 5,000 for services and allowed 30 days to pay.。