会计专业英语复习题答案
百度文库 1 《会计专业英语》复习题参考答案
Keys to Exercises Lesson 1 Word and Term Study 1. e Review Exercises &Problems A. 1. F 2. F B. (略)
C. 参考译文： 由一人拥有和控制的企业被称为个人独资企业。这种企业形式比较简单，而且通常投资 额较小。个人独资企业的所有者对企业内所有的事务制定决策并拥有企业的全部利润。合伙企业是由两个或以上的人（合伙人）共同拥有和控制的企业组织形式。一般在合伙企业中，每个合伙人对企业债务都承担无限责任。同时，合伙企业的寿命也是有限的，企业可能因为某个合伙人死亡或退休而终止。 公司是依照法律规定成立的独立法人组织。公司由股东拥有，股东通过购买公司的股份为公司提供资本。股东个人对公司的债务不承担无限责任。大多数公司的经营业务由股东选出的董事会实施控制。
Lesson 2 Word and Term Study 1. d Review Exercises& Problems A. 1. F 2. T
C. 参考译文： 在会计恒等式中，资产必须等于负债和所有者权益之和。因为债权人的财产要求权在企业清算时是优先于所有者支付的，所以在会计基本等式中，负债是排列在所有者权益前面的。会计恒等式适用于所有的经济实体，无论其大小、业务性质或组织形式。该等式适用于小型私人经济实体，如街边的杂货店，同样也适用于大公司。这一等式为记录和总结企业的经济活动提供了基本框架。
Lesson 3 Word and Term Study 1. c 2. e 4. b 5. a Review Exercises &Problems A. 1. d 4. c 5. c B. 2. Each transaction must be entered in two or more accounts with equal debit and credit amounts. The normal balances of the three account groups are as follows: Account group Normal Balance 百度文库 2 Assets Debit Liabilities Credit Owner’s equity Credit C. Case Problem 1. (1) June 2 Asset account debited and Owner’s equity account credited. 5 An asset account debited, another asset account credited. 7 An asset account debited, a liability account credited. 15 An asset account debited, an owner’s equity account credited. 20 An expenses account debited, an asset account credited. 26 An asset account debited, another asset account credited. 28 A liability account debited, an asset account credited. 31 An owner’s equity account debited, an asset account credited. (2) June 2 Debit Cash, increased; Credit Capital, increased 5 Debit Vehicle, increased; Credit Cash, decreased 7 Debit Supplies, increased; Credit Accounts Payable, decreased 15 Debit Accounts Receivable, increased; Credit Service Revenue, decreased 20 Debit Advertising Expenses, increased; Credit Cash, decreased 26 Debit Cash, increased; Credit Accounts Receivable, decreased 28 Debit Accounts Payable, decreased; Credit Cash, decreased 31 Debit O. Wilson, Drawings, increased(owner’s equity decreased); Credit Cash, decreased
D．参考译文： 试算平衡表并不能证明所有的经济业务都已经入账，也不表明分类账的记录是正确的。即使试算平衡表的借贷栏合计相等，也还可能存在很多错误。例如，即使在以下情况下，试算平衡表仍可能是平衡的：（1）一笔业务没有登记到日记账；（2）一笔正确的日记账分录没有过账；（3）一笔日记账分录被两次过账；（4）在登记日记账或过账时使用了错误的账户；（5）在登记业务金额时两处或以上的错误互相抵销。换句话说，只要过账时借方和贷方的金额相等，即使过入的账户或金额是错误的，试算平衡表的借贷栏合计数仍然会相等。
Lesson 4 Word and Term Study 1. b. c. d. g. h. 2. (1) account number (2) sales returns and allowances (3) credit purchases (4) source document (or business document) (5) journal; ledger accounts Review Exercises &Problems A. 1. c 2. a B. 2. S 3. SR 5. CP 6. G 7. CP 8. P C. (1) 百度文库 3 GENERAL JOURNAL J1 Date Account Titles and Explanation Ref. Debit Credit 2009 Jan 1 3 4 5 7 10 13 15 17 20 Cash P. Wheeler, Capital Invested cash in business. Prepaid Rent Cash Paid rent for 3 months on the shop space. Repair Equipment Cash Purchased repair equipment for cash. Cash Service Revenue Received cash for services performed. Repair Equipment Accounts Payable Purchased repair equipment on credit. Accounts Receivable Service Revenue Performed service for Fred Baca on credit. Accounts Payable Cash Paid for account owed to Comet. Advertising Expense Cash Paid for advertising service. Cash Accounts Receivable Received account from Fred Baca P. Wheeler, Drawings Cash Withdrew cash for personal use. 5,000 675 700 450 175 250 75 175 350
5,000
675 700
450 175 250 75 175 350 (2) Prepaid Rent $ 675 Bal. 675 Cash $ 5,000 5 1, 17 175 $ 675 4 700 13 250 15 75 20 350 Bal. 4,
Repair Equipment 百度文库 4 (3) Wheeler’s Repair Shop Trial Balance January 20,2009 Debit Credit Cash $ Prepaid Rent 675 Repair Equipment 1150 Accounts Payable 200 P. Wheeler, Capital 5,000 P. Wheeler, Drawings 350 Service Revenue 1, Advertising Expense 75 Totals $6, $6,
Lesson 5 Word and Term Study 2. a 3. b 5. d Review Exercises &Problems A. 1. d 2. b B. 4. (1). June 30 Depreciation Expense 1 362 Accumulated Depreciation—Equipment 1 362
(2). June 30 Unearned Revenue 4 200 Service Revenue 4 200
$700 7 450 Bal. 1150 Accounts Payable
$250 $450 Bal. 200
Service Revenue $ 10 175 Bal.
Advertising Expense $ 75 Bal. 75
P. Wheeler, Capital $5,000 Bal. 5,000
P. Wheeler, Drawings $350 Bal. 350
Accounts Receivable $175 $175 Bal. 0
会计专业英语习题答案共73页word资料
Chapter. 11-1As in many ethics issues, there is no one right answer. The local newspaper reported on this issue in these terms: "The company covered up the first report, and the local newspaper uncovered the company's secret. The company was forced to not locate here (Collier County). It became patently clear that doing the least that is legally allowed is not enough."1-21. B2. B3. E4. F5. B6. F7. X 8. E 9. X 10. B1-3a. $96,500 ($25,000 + $71,500)b. $67,750 ($82,750 – $15,000)c. $19,500 ($37,000 – $17,500)1-4a. $275,000 ($475,000 – $200,000)b. $310,000 ($275,000 + $75,000 – $40,000)c. $233,000 ($275,000 – $15,000 – $27,000)d. $465,000 ($275,000 + $125,000 + $65,000)e. Net income: $45,000 ($425,000 – $105,000 – $275,000)1-5a. owner's equityb.liabilityc.assetd.assete.owner's equityf. asset1-6a. Increases assets and increases owner’s equity.b. Increases assets and increases owner’s equity.c. Decreases assets and decreases owner’s equity.d. Increases assets and increases liabilities.e. Increases assets and decreases assets.1-71. increase2. decrease3.increase4.decrease1-8a. (1) Sale of catering services for cash, $25,000.(2) Purchase of land for cash, $10,000.(3) Payment of expenses, $16,000.(4) Purchase of supplies on account, $800.(5) Withdrawal of cash by owner, $2,000.(6) Payment of cash to creditors, $10,600.(7) Recognition of cost of supplies used, $1,400.b. $13,600 ($18,000 – $4,400)c. $5,600 ($64,100 – $58,500)d. $7,600 ($25,000 – $16,000 – $1,400)e. $5,600 ($7,600 – $2,000)1-9It would be incorrect to say that the business had incurred a net loss of $21,750. The excess of the withdrawals over the net income for the period is a decrease in the amount of owner’s equity in the business.1-10Balance sheet items: 1, 3, 4, 8, 9, 101-11Income statement items: 2, 5, 6, 71-12MADRAS COMPANYStatement of Owner’s EquityFor the Month Ended April 30, 2006Leo Perkins, capital, April 1, 2006 ........ $297,200Net income for the month ................... $73,000Less withdrawals ........................... 12,000Increase in owner’s equity................ 61,000Leo Perkins, capital, April 30, 2006 ....... $358,2001-13HERCULES SERVICESIncome StatementFor the Month Ended November 30, 2006Fees earned ................................ $232,120Operating expenses:Wages expense ............................ $100,100Rent expense ............................. 35,000Supplies expense ......................... 4,550Miscellaneous expense .................... 3,150Total operating expenses ............... 142,800 Net income ................................. $ 89,3201-14Balance sheet: b, c, e, f, h, i, j, l, m, n, oIncome statement: a, d, g, k1-151. b–investing activity2.a–operating activity3. c–financing activity4.a–operating activity1-16a. 2003: $10,209 ($30,011 – $19,802)2002: $8,312 ($26,394 – $18,082)b. 2003: 0.52 ($10,209 ÷ $19,802)2002: 0.46 ($8,312 ÷ $18,082)c. T he ratio of liabilities to stockholders’ equity increased from 2002to 2003, indicating an increase in risk for creditors. However, the assets of The Home Depot are more than sufficient to satisfy creditor claims.Chapter. 22-1AccountAccount NumberAccounts Payable 21Accounts Receivable 12Cash 11Corey Krum, Capital 31Corey Krum, Drawing 32Fees Earned 41Land 13Miscellaneous Expense 53Supplies Expense 52Wages Expense 512-2Balance Sheet Accounts Income Statement Accounts1. Assets11 Cash12 Accounts Receivable13 Supplies14 Prepaid Insurance15Equipment2. Liabilities21 Accounts Payable22Unearned Rent3. Owner's Equity31 Millard Fillmore, Capital32 Millard Fillmore, Drawing4. Revenue41Fees Earned5. Expenses51 Wages Expense52 Rent Expense53 Supplies Expense59 Miscellaneous Expense2-3a. andb.Account Debited Account Credited Transaction Type Effect Type Effect(1) asset + owner's equity +(2) asset + asset –(3) asset + asset –liability +(4) expense + asset –(5) asset + revenue +(6) liability –asset –(7) asset + asset –(8) drawing + asset –(9) expense + asset –Ex. 2–4(1) Cash ................................... 40,000Ira Janke, Capital .................. 40,000(2) Supplies ............................... 1,800Cash ................................ 1,800(3) Equipment .............................. 24,000Accounts Payable .................... 15,000Cash ................................ 9,000(4) Operating Expenses ..................... 3,050Cash ................................ 3,050(5) Accounts Receivable .................... 12,000Service Revenue ..................... 12,000(6) Accounts Payable ....................... 7,500Cash ................................ 7,500(7) Cash ................................... 9,500Accounts Receivable ................. 9,500(8) Ira Janke, Drawing ..................... 5,000Cash ................................ 5,000(9) Operating Expenses ..................... 1,050Supplies ............................ 1,050 2-51. debit and credit (c)2. debit and credit (c)3. debit and credit (c)4. credit only (b)5. debit only (a)6. debit only (a)7. debit only (a)2-6a. Liability—credit f. Revenue—creditb. Asset—debit g. Asset—debitc. Asset—debit h. Expense—debitd. Owner's equity i. Asset—debit(Cindy Yost, Capital)—credit j. Expense—debite. Owner's equity(Cindy Yost, Drawing)—debit2-7a. credit g. debitb. credit h. debitc. debit i. debitd. credit j. credite. debit k. debitf. credit l. credit2-8a. Debit (negative) balance of $1,500 ($10,500 –$4,000 –$8,000).Such a nega tive balance means that the liabilities of Seth’s business exceed the assets.b. Yes. The balance sheet prepared at December 31 will balance,with Seth Fite, Capital, being reported in the owner’s equity section as a negative $1,500.2-9a. The increase of $28,750 in the cash account does not indicateearnings of that amount. Earnings will represent the net change in all assets and liabilities from operating transactions.b. $7,550 ($36,300 – $28,750)2-10a. $40,550 ($7,850 + $41,850 – $9,150)b. $63,000 ($61,000 + $17,500 – $15,500)c. $20,800 ($40,500 – $57,700 + $38,000)2-112005Aug. 1 Rent Expense ........................... 1,500Cash ................................ 1,5002 Advertising Expense (700)Cash (700)4 Supplies ............................... 1,050Cash ................................ 1,0506 Office Equipment ....................... 7,500Accounts Payable .................... 7,5008 Cash ................................... 3,600Accounts Receivable ................. 3,60012 Accounts Payable ....................... 1,150Cash ................................ 1,15020 Gayle McCall, Drawing .................. 1,000Cash ................................ 1,00025 Miscellaneous Expense (500)Cash (500)30 Utilities Expense (195)Cash (195)31 Accounts Receivable .................... 10,150Fees Earned ......................... 10,15031 Utilities Expense (380)Cash (380)2-12a.JOURNAL Page 43Post.Date Description Ref. Debit Credit 2006Oct. 27 Supplies ........................ 15 1,320Accounts Payable .............. 21 1,320 Purchased supplies on account.b.,c.,d.Supplies 15Post.BalanceDate Item Ref. Dr. Cr.Dr. Cr.2006Oct. 1 Balance ................ ..... ..... 585 .....27 ....................... 43 1,320 ..... 1,905 ..... Accounts Payable 21 2006Oct. 1 Balance ................ ..... ..... ..... 6,15027 ....................... 43 ..... 1,320 ..... 7,4702-13Inequality of trial balance totals would be caused by errors described in (b) and (d).2-14ESCALADE CO.Trial BalanceDecember 31, 2006Cash ................................. 13,375Accounts Receivable ............................ 24,600Prepaid Insurance .............................. 8,000 Equipment ...................................... 75,000Accounts Payable ............................... 11,180 Unearned Rent .................................. 4,250 Erin Capelli, Capital .......................... 82,420 Erin Capelli, Drawing .......................... 10,000Service Revenue ................................ 83,750 Wages Expense .................................. 42,000 Advertising Expense ............................ 7,200 Miscellaneous Expense .......................... 1,425 181,600 181,6002-15a. Gerald Owen, Drawing ................... 15,000Wages Expense ....................... 15,000b. Prepaid Rent ........................... 4,500Cash ................................ 4,500 2-16题目的资料不全, 答案略.2-17a. KMART CORPORATIONIncome StatementFor the Years Ending January 31, 2000 and 1999(in millions)Increase (Decrease)2000 1999 Amount Percent1. Sales ........................ $37,028 $35,925 $ 1,103 3.1%2. Cost of sales................. (29,658) (28,111) 1,547 5.5%3. Selling, general, and admin.expenses ..................... (7,415) (6,514) 901 13.8%4. Operating income (loss)before taxes.................. $ (45) $ 1,300 $(1,345) (103.5%) b. The horizontal analysis of Kmart Corporation revealsdeteriorating operating results from 1999 to 2000. While salesincreased by $1,103 million, a 3.1% increase, cost of salesincreased by $1,547 million, a 5.5% increase. Selling, general,and administrative expenses also increased by $901 million, a13.8% increase. The end result was that operating incomedecreased by $1,345 million, over a 100% decrease, and createda $45 million loss in 2000. Little over a year later, Kmart filedfor bankruptcy protection. It has now emerged from bankruptcy,hoping to return to profitability.3-11. Accrued expense (accrued liability)2. Deferred expense (prepaid expense)3. Deferred revenue (unearned revenue)4. Accrued revenue (accrued asset)5. Accrued expense (accrued liability)6. Accrued expense (accrued liability)7. Deferred expense (prepaid expense)8. Deferred revenue (unearned revenue)3-2Supplies Expense (801)Supplies (801)3-3$1,067 ($118 + $949)3-4a. Insurance expense (or expenses) will be understated. Net incomewill be overstated.b. Prepaid insurance (or assets) will be overstated. Owner’sequity will be overstated.3-5a.Insurance Expense ............................. 1,215Prepaid Insurance ...................... 1,215 b.Insurance Expense ............................. 1,215Prepaid Insurance ...................... 1,215 3-6Unearned Fees ................................... 9,570Fees Earned ............................ 9,570 3-7a.Salary Expense ................................ 9,360Salaries Payable ....................... 9,360 b.Salary Expense ................................ 12,480Salaries Payable ....................... 12,480 3-8$59,850 ($63,000 – $3,150)3-9$195,816,000 ($128,776,000 + $67,040,000)3-10Error (a) Error (b)Over- Under- Over- Under-stated stated stated stated1. Revenue for the year would be .... $ 0 $6,900 $ 0 $ 02. Expenses for the year would be ... 0 0 0 3,7403. Net income for the year would be . 0 6,900 3,740 04. Assets at December 31 would be ... 0 0 0 05. Liabilities at December 31 would be 6,900 0 0 3,7406. Owner’s equity at December 31would be ......................... 0 6,900 3,740 03-11$175,840 ($172,680 + $6,900 – $3,740)3-12a.Accounts Receivable ........................... 11,500Fees Earned ............................ 11,500b. No. If the cash basis of accounting is used, revenues arerecognized only when the cash is received. Therefore, earned butunbilled revenues would not be recognized in the accounts, andno adjusting entry would be necessary.3-13a. Fees earned (or revenues) will be understated. Net income willbe understated.b. Accounts (fees) receivable (or assets) will be understated.Owner’s equity will be unde rstated.3-14Depreciation Expense ............................ 5,200Accumulated Depreciation ............... 5,200 3-15a. $204,600 ($318,500 – $113,900)b. No. Depreciation is an allocation of the cost of the equipmentto the periods benefiting from its use. It does not necessarilyrelate to value or loss of value.3-16a. $2,268,000,000 ($5,891,000,000 – $3,623,000,000)b. No. Depreciation is an allocation method, not a valuationmethod. That is, depreciation allocates the cost of a fixed assetover its useful life. Depreciation does not attempt to measuremarket values, which may vary significantly from year to year.3-17a.Depreciation Expense .......................... 7,500Accumulated Depreciation ............... 7,500b. (1) Depreciation expense would be understated. Net income wouldbe overstated.(2) Accumulated depreciation would be understated, and totalassets would be overstated. Owner’s equity would beoverstated.3-181.Accounts Receivable (4)Fees Earned (4)2.Supplies Expense (3)Supplies (3)3.Insurance Expense (8)Prepaid Insurance (8)4.Depreciation Expense (5)Accumulated Depreciation—Equipment (5)5.Wages Expense (1)Wages Payable (1)3-19a. Dell Computer CorporationAmount Percent Net sales $35,404,000 100.0Cost of goods sold (29,055,000) 82.1Operating expenses (3,505,000) 9.9Operating income (loss) $ 2,844,000 8.0 b. Gateway Inc.Amount Percent Net sales $4,171,325 100.0 Cost of goods sold (3,605,120) 86.4 Operating expenses (1,077,447) 25.8 Operating income (loss) $ (511,242) (12.2) c. Dell is more profitable than Gateway. Specifically, Dell’s costof goods sold of 82.1% is significantly less (4.3%) than Gateway’s cost of goods sold of 86.4%. In addition, Gateway’s operating expenses are over one-fourth of sales, while Dell’s operating expenses are 9.9% of sales. The result is that Dell generates an operating income of 8.0% of sales, while Gateway generates a loss of 12.2% of sales. Obviously, Gateway must improve its operations if it is to remain in business and remain competitive with Dell.4-1e, c, g, b, f, a, d4-2a. Income statement: 3, 8, 9b. Balance sheet: 1, 2, 4, 5, 6, 7, 104-3a. Asset: 1, 4, 5, 6, 10b. Liability: 9, 12c. Revenue: 2, 7d. Expense: 3, 8, 114-41. f2. c3. b4. h5. g6. j7. a8. i9. d10. e4–5ITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006AdjustedTrial Balance Adjustments Trial BalanceAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1 Cash 8 8 12 Accounts Receivable 50 (a) 7 57 23 Supplies 8 (b) 5 3 34 Prepaid Insurance 12 (c) 6 6 45 Land 50 50 56 Equipment 32 32 67 Accum. Depr.—Equip. 2 (d) 5 7 78 Accounts Payable 26 26 89 Wages Payable 0 (e) 1 1 910 Terry Dagley, Capital 112 112 1011 Terry Dagley, Drawing 8 8 1112 Fees Earned 60 (a) 7 67 1213 Wages Expense 16 (e) 1 17 1314 Rent Expense 8 8 1415 Insurance Expense 0 (c) 6 6 1516 Utilities Expense 6 6 1617 Depreciation Expense 0 (d) 5 5 1718 Supplies Expense 0 (b) 5 5 1819 Miscellaneous Expense 2 2 1920 Totals 200 200 24 24 213 213 20 ContinueITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006Adjusted Income BalanceTrial Balance StatementSheetAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1 Cash 8 8 12 Accounts Receivable 57 57 23 Supplies 3 3 34 Prepaid Insurance 6 6 45 Land 50 50 56 Equipment 32 32 67 Accum. Depr.—Equip. 7 7 78 Accounts Payable 26 26 89 Wages Payable 1 1 910 Terry Dagley, Capital 112 112 1011 Terry Dagley, Drawing 8 8 1112 Fees Earned 67 67 1213 Wages Expense 17 17 1314 Rent Expense 8 8 1415 Insurance Expense 6 6 1516 Utilities Expense 6 6 1617 Depreciation Expense 5 5 1718 Supplies Expense 5 5 1819 Miscellaneous Expense 2 2 1920 Totals 213 213 49 67 164 146 2021 Net income (loss) 18 182122 67 67 164 164 22 4-6ITHACA SERVICES CO.Income StatementFor the Year Ended January 31, 2006Fees earned .................................... $67Expenses:Wages expense .............................. $17Rent expense (8)Insurance expense (6)Utilities expense (6)Depreciation expense (5)Supplies expense (5)Miscellaneous expense (2)Total expenses ............................49Net income ..................................... $18ITHACA SERVICES CO.Statemen t of Owner’s EquityFor the Year Ended January 31, 2006Terry Dagley, capital, February 1, 2005 ........ $112Net income for the year ........................ $18Less withdrawals (8)Increase in owner’s equity....................10Terry Dagley, capital, January 31, 2006 ........ $122ITHACA SERVICES CO.Balance SheetJanuary 31, 2006Assets LiabilitiesCurrent assets: Current liabilities: Cash ............... $ 8 Accounts payable ... $26Accounts receivable 57 Wages payable (1)Supplies ........... 3 Total liabilities $ 27 Prepaid insurance .. 6Total current assets $ 74Property, plant, and Owner’s E quity equipment: Terry Dagley, capital 122 Land ............... $50Equipment .......... $32Less accum. depr. .. 7 25Total property, plant,and equipment 75 Total liabilities andTotal assets ......... $149 owner’s equity .. $149 4-72006Jan. 31 Accounts Receivable (7)Fees Earned (7)31 Supplies Expense (5)Supplies (5)31 Insurance Expense (6)Prepaid Insurance (6)31 Depreciation Expense (5)Accumulated Depreciation—Equipment .. 531 Wages Expense (1)Wages Payable (1)4-82006Jan. 31 Fees Earned (67)Income Summary (67)31 Income Summary (49)Wages Expense (17)Rent Expense (8)Insurance Expense (6)Utilities Expense (6)Depreciation Expense (5)Supplies Expense (5)Miscellaneous Expense (2)31 Income Summary (18)Terry Dagley, Capital (18)31 Terry Dagley, Capital (8)Terry Dagley, Drawing (8)4-9SIROCCO SERVICES CO.Income StatementFor the Year Ended March 31, 2006Service revenue ................................$103,850Operating expenses:Wages expense .............................. $56,800Rent expense ............................... 21,270Utilities expense .......................... 11,500Depreciation expense ....................... 8,000Insurance expense .......................... 4,100Supplies expense ........................... 3,100Miscellaneous expense ...................... 2,250Total operating expenses ............ 107,020 Net loss ....................................... $ (3,170) 4-10SYNTHESIS SYSTEMS CO.Statement of Owner’s EquityFor the Year Ended October 31, 2006Suzanne Jacob, capital, November 1, 2005 ....... $173,750 Net income for year ............................ $44,250 Less withdrawals ............................... 12,000 Increase in owner’s equity....................32,250Suzanne Jacob, capital, October 31, 2006 ....... $206,0004-11a. Current asset: 1, 3, 5, 6b. Property, plant, and equipment: 2, 44-12Since current liabilities are usually due within one year, $165,000($13,750 × 12 months) would be reported as a current liability onthe balance sheet. The remainder of $335,000 ($500,000 –$165,000)would be reported as a long-term liability on the balance sheet.4-13TUDOR CO.Balance SheetApril 30, 2006Assets LiabilitiesCurrent assets Current liabilities:Cash $31,500 Accountspayable ...................... $9,500Accounts receivable 21,850 Salaries payable1,750Supplies .............. 1,800 Unearned fees .................Prepaid insurance ..... 7,200 Total liabilities Prepaid rent .......... 4,800Total current assets $67,150Owner’s EquityProperty, plant, and equipment: Vernon Posey, capital .............Equipment ........... $80,600Less accumulated depreciation 21,100 59,500 Totalliabilities andTotal assets $126,650 owner’s equity......... $126 4-14Accounts Receivable ............................. 4,100Fees Earned ......................... 4,100 Supplies Expense ....................... 1,300Supplies ............................ 1,300 Insurance Expense ...................... 2,000Prepaid Insurance ................... 2,000 Depreciation Expense ................... 2,800Accumulated Depreciation—Equipment .. 2,800 Wages Expense .......................... 1,000Wages Payable ....................... 1,000 Unearned Rent .......................... 2,500Rent Revenue ........................ 2,5004-15c. Depreciation Expense—Equipmentg. Fees Earnedi. Salaries Expensel. Supplies Expense4-16The income summary account is used to close the revenue and expense accounts, and it aids in detecting and correcting errors. The $450,750 represents expense account balances, and the $712,500 represents revenue account balances that have been closed.4-17a.Income Summary ................................ 167,550Sue Alewine, Capital ................... 167,550 Sue Alewine, Capital ............................ 25,000Sue Alewine, Drawing ................... 25,000 b. $284,900 ($142,350 + $167,550 – $25,000)4-18a. Accounts Receivableb. Accumulated Depreciationc. Cashe. Equipmentf. Estella Hall, Capitali. Suppliesk. Wages Payable4-19a. 2002 2001Working capital ($143,034) ($159,453)Current ratio 0.81 0.80b. 7 Eleven has negative working capital as of December 31, 2002and 2001. In addition, the current ratio is below one at the endof both years. While the working capital and current ratios haveimproved from 2001 to 2002, creditors would likely be concernedabout the ability of 7 Eleven to meet its short-term creditobligations. This concern would warrant further investigationto determine whether this is a temporary issue (for example, anend-of-the-period phenomenon) and the company’s plans toaddress its working capital shortcomings.4-20a. (1) Sales Salaries Expense .................. 6,480Salaries Payable ........................ 6,480(2) Accounts Receivable ..................... 10,250Fees Earned ............................. 10,250 b. (1) Salaries Payable ........................ 6,480Sales Salaries Expense .................. 6,480(2) Fees Earned ............................. 10,250Accounts Receivable ..................... 10,250 4-21a. (1) Payment (last payday in year)(2) Adjusting (accrual of wages at end of year)(3) Closing(4) Reversing(5) Payment (first payday in following year)b. (1) Wages Expense .......................... 45,000Cash .................................... 45,000(2) Wages Expense ........................... 18,000Wages Payable ........................... 18,000(3) Income Summary .......................... 1,120,800Wages Expense ........................... 1,120,800(4) Wages Payable ........................... 18,000Wages Expense ........................... 18,000(5) Wages Expense ........................... 43,000Cash .................................... 43,000 Chapter6（找不到答案，自己处理了哦）Ex. 8–1a. Inappropriate. Since Fridley has a large number of credit salessupported by promissory notes, a notes receivable ledger shouldbe maintained. Failure to maintain a subsidiary ledger whenthere are a significant number of notes receivable transactionsviolates the internal control procedure that mandates proofs and security. Maintaining a notes receivable ledger will allow Fridley to operate more efficiently and will increase the chance that Fridley will detect accounting errors related to the notes receivable. (The total of the accounts in the notes receivable ledger must match the balance of notes receivable in the general ledger.)b. Inappropriate. The procedure of proper separation of duties isviolated. The accounts receivable clerk is responsible for too many related operations. The clerk also has both custody of assets (cash receipts) and accounting responsibilities for those assets.c. Appropriate. The functions of maintaining the accountsreceivable account in the general ledger should be performed by someone other than the accounts receivable clerk.d. Appropriate. Salespersons should not be responsible forapproving credit.e. Appropriate. A promissory note is a formal credit instrumentthat is frequently used for credit periods over 45 days.Ex. 8–2-aa.Customer Due Date Number of Days PastDueJanzen Industries August 29 93 days (2 + 30 + 31+ 30)Kuehn Company September 3 88 days (27 + 31 + 30)Mauer Inc. October 21 40 days (10 + 30)Pollack Company November 23 7 daysSimrill Company December 3 Not past dueEx. 8–3Nov. 30 Uncollectible Accounts Expense ......... 53,315*Allowances for Doubtful Accounts..... 53,315 *$60,495 – $7,180 = $53,315Ex. 8–4Estimated Uncollectible Accounts Age Interval Balance Percent AmountNot past due .............. $450,000 2% $ 9,0001–30 days past due ....... 110,000 4 4,40031–60 days past due ...... 51,000 6 3,06061–90 days past due ...... 12,500 20 2,50091–180 days past due ..... 7,500 60 4,500Over 180 days past due .... 5,500 80 4,400 Total .................. $636,500 $27,860Ex. 8–52006Dec. 31 Uncollectible Accounts Expense ......... 29,435*..... Allowance for Doubtful Accounts 29,435 *$27,860 + $1,575 = $29,435Ex. 8–6a. $17,875 c. $35,750b. $13,600 d. $41,450Ex. 8–7a.Allowance for Doubtful Accounts ............... 7,130Accounts Receivable .................... 7,130b.Uncollectible Accounts Expense ................ 7,130Accounts Receivable .................... 7,130Ex. 8–8Feb. 20 Accounts Receivable—Darlene Brogan .... 12,100Sales ............................... 12,10020 Cost of Merchandise Sold ............... 7,260Merchandise Inventory ............... 7,260 May 30 Cash ................................... 6,000Accounts Receivable—Darlene Brogan .. 6,00030 Allowance for Doubtful Accounts ........ 6,100Accounts Receivable—Darlene Brogan .. 6,100 Aug. 3 Accounts Receivable—Darlene Brogan .... 6,100Allowance for Doubtful Accounts ..... 6,1003 Cash ................................... 6,100Accounts Receivable—Darlene Brogan .. 6,100 Ex. 8–9$223,900 [$212,800 + $112,350 –($4,050,000 × 2 1/2%)]Ex. 8–10Due Date Interesta. Aug. 31 $120b. Dec. 28 480c. Nov. 30 250d. May 5 150e. July 19 100a. August 8b. $24,480c. (1) Notes Receivable .......................... 24,000Accounts Rec.—Magpie Interior Decorators 24,0(2) Cash ...................................... 24,480Notes Receivable ....................... 24,000Interest Revenue (480)Ex. 8–121. Sale on account.2. Cost of merchandise sold for the sale on account.3. A sales return or allowance.4. Cost of merchandise returned.5. Note received from customer on account.6. Note dishonored and charged maturity value of note tocustomer’s account recei vable.7. Payment received from customer for dishonored note plus interestearned after due date.。
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。
会计专业英语章节练习题及答案(共17章)chapter 4
Chapter 4:Discussion Questions:1. Differences: (1) Current liabilities are amounts payable within one year from the date of the balance sheet or within the normal operating cycle, where this is longer than a year.(2)Non-current liabilities are those obligations not due for settlement within one year.2. Commons: (1) it must involve a future sacrifice of cash, goods, of services; (2) it must be an obligation of the enterprise; (3) the transaction or event giving rise to the enterprise’s obliga tion must already have occurred; (4) it is amount payable within one year from the date of the balance sheet or within the normal operating cycle.3. Omitted4. The Financial Accounting Standards Board (FASB) provides these guidelines to account for contingent losses (or expenses) and their related liabilities:(1) Record an actual liability if it is probable that the loss (or expenses) will occur and the amount can be reasonably estimated.(2) Report the contingency in a financial statement note if it is reasonably possible that a loss (or expense) will occur. Lawsuits in progress are a prime example.(3) There is no need to report a contingent loss that is remote-unlikely to occur. Instead wait until an actual transaction clears up the situation.Contingent liabilities may be reported in a short presentation, after total liabilities on the balance sheet, but with no amounts given.5.A bond is a fixed obligation to pay that is issued by a corporation or government entity to investors.Bonds are used to raise cash for operational or infrastructure projects. Bonds usually include a periodic coupon payment, and are paid off as of a specific maturity date. Bonds are a number of additional features that a bond may have, such as being convertible into the stock of the issuer, or callable prior to its maturity date.6. OmittedExercise:1-7：BACDBAB8. 答案：January 5：Fixed assets—office furniture 15,000 固定资产Account payable 15,000 应付账款July 1 ：Account payable—Y company 15,000 应付账款Cr：Notes payable 15,000 应付票据Interest: $15,000× 5% =$750July 31/August 31/Sept. 30:Interest expense 750Interest payable 750October 1: Notes payable 15,000Interest payable 2,250Bank deposit 17,2509 March 1st Cash 5,000Unearned revenue 5,000March 31st Unearned revenue 3,000Service revenue 3,00010. （a）Cash 2 125 000Premium on Bonds Payable 125 000Bond Payable 2 000 000(b) Interest Expense 140 000Cash 140 000(c) Premium on Bonds Payable 12 500Interest Expense 12 50011. The journal entry to record issued bondDr. Cash 482,000Discount on Bonds Payable 18,000Cr. Bonds Payable 500,000The journal entry to payment of bond interest and amortization of bond discount on the first interest date (July 1, 200X)Dr. Bond Interest Expense 31,800Discount on Bonds Payable 1,800($18,000/10)Cr. Cash 30,000($500,000x12%x6/12)The journal entry to the maturity date company redemption the bonds.Dr. Bonds Payable 500,000Bond Interest Payable 30,000Cr. Cash 530,000。
会计专业英语复习资料
会计专业英语复习资料一、短语中英互译1、会计分录2、投资活动3、后进先出法4、客观性原则5、注册会计师6、权责发生制7、累计折旧8、资产负债表9、经营决策10、银行存款11、到期日12、历史成本13、source document14、nominal rate15、credit sale16、sum-of-years-digits method17、economic entity assumption18、financial position19、fixed assets20、public hearing21、income statement22、sales discount23、value added tax24、trade mark25、bank overdraft二、从下列选项中选出最佳答案1、Generally，revenue is recorded by a business enterprise at a pointwhen ：( )A、Management decides it is appropriate to do soB、The product is available for sale to consumersC、An exchange has taken place and the earning process is virtuallycompleteD、An order for merchandise has been received2、Why are certain costs capitalized when incurred and then depreciated or amortized over subsequent accounting periods？( )A、To reduce the income tax liabilityB、To aid management in making business decisionsC、To match the costs of production with revenue as earnedD、To adhere to the accounting concept of conservatism3、What accounting principle or concept justifies the use of accruals and deferrals？( )A、Going concernB、MaterialityC、ConsistencyD、Stable monetary unit4、An accrued expense can best be described as an amount ( )A、Paid and currently matched with revenueB、Paid and not currently matched with revenueC、Not paid and not currently matched with revenueD、Not paid and currently matched with revenue5、Continuation of a business enterprise in the absence of contrary evidence is an example of the principle or concept of ( )A、Business entityB、ConsistencyC、Going concernD、Substance over form6、In preparing a bank reconciliation，the amount of checks outstanding would be：( )A、added to the bank balance according to the bank statement.B、deducted from the bank balance according to the bank statement.C、added to the cash balance according to the depositor’s records.D、deducted from the cash balance according to the depositor’s records.7、Journal entries based on the bank reconciliation are required for：( )A、additions to the cash balance according to the depositor’s records.B、deductions from the cash balance according to the depositor’srecords.C、Both A and BD、Neither A nor B8、A petty cash fund is ：( )A、used to pay relatively small amounts。
会计英语参考答案
会计英语参考答案会计英语参考答案会计是一门重要的商科学科，涉及到财务记录、报表分析和财务决策等方面。
在学习会计的过程中，掌握好会计英语是必不可少的。
下面是一些常见的会计英语参考答案。
1. What is accounting?（会计是什么？）Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It provides information about the financial position and performance of a company.2. What are the basic accounting principles?（基本会计原则有哪些？）The basic accounting principles include the accrual principle, the consistency principle, the materiality principle, the prudence principle, the going concern principle, the cost principle, and the matching principle. These principles guide accountants in preparing financial statements and ensuring the accuracy and reliability of financial information.3. What is the difference between financial accounting and managerial accounting?（财务会计和管理会计的区别是什么？）Financial accounting focuses on the preparation of financial statements for external users, such as investors, creditors, and government agencies. It provides information about the financial performance and position of a company. Managerial accounting, on the other hand, is concerned with providing financial information for internal users, such as managers and decision-makers, tosupport planning, controlling, and decision-making processes within the organization.4. What is the double-entry accounting system?（什么是复式记账系统？）The double-entry accounting system is a method of recording financial transactions that requires every transaction to have equal and opposite effects on at least two accounts. It follows the principle that for every debit, there must be a corresponding credit, and vice versa. This system ensures that the accounting equation (assets = liabilities + equity) is always in balance.5. What is the difference between assets and liabilities?（资产和负债的区别是什么？）Assets are resources owned by a company that have economic value and can be used to generate future benefits. They include cash, accounts receivable, inventory, property, and equipment. Liabilities, on the other hand, are obligations or debts owed by a company to external parties, such as loans, accounts payable, and accrued expenses.6. What is the purpose of financial statements?（财务报表的目的是什么？）The purpose of financial statements is to provide information about the financial performance, position, and cash flows of a company. The main financial statements include the income statement, balance sheet, statement of cash flows, and statement of changes in equity. These statements help users, such as investors, creditors, and management, to evaluate the financial health and make informed decisions.7. What is depreciation?（什么是折旧？）Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It represents the decrease in value of an asset due to wear and tear, obsolescence, or other factors. Depreciation expense is recorded on the income statement and reduces the net income of a company.8. What is the difference between gross profit and net profit?（毛利和净利的区别是什么？）Gross profit is the difference between net sales revenue and the cost of goods sold. It represents the profit generated from the core operations of a business before deducting other expenses. Net profit, on the other hand, is the residual profit after deducting all expenses, including operating expenses, interest expenses, and taxes, from gross profit.以上是一些常见的会计英语参考答案。
会计专业英语复习资料
会计专业英语复习资料会计专业英语复习资料一、短语中英互译1、会计分录2、投资活动3、后进先出法4、客观性原则5、注册会计师6、权责发生制7、累计折旧8、资产负债表9、经营决策10、银行存款11、到期日12、历史成本13、sourcedocument14、nominalrate15、creditsale16、sum-of-years-digitsmethod17、economicentityassumption18、financialposition19、fixedassets20、publichearing21、incomestatement22、salesdiscount23、valueaddedtax24、trademark25、bankoverdraft二、从下列选项中选出最佳答案1、Generally，revenueisrecordedbyabusinessenterpriseatapointwhen：()A、ManagementdecidesitisappropriatetodosoB、TheproductisavailableforsaletoconsumersC、Anexchangehastakenplaceandtheearningprocessisvirtuallycomp leteD、Anorderformerchandisehasbeenreceived2、Whyarecertaincostscapitalizedwhenincurredandthendepreciated oramor tizedoversubsequentaccountingperiods？()A、T oreducetheincometaxliabilityB、ToaidmanagementinmakingbusinessdecisionsC、T omatchthecostsofproductionwithrevenueasearnedD、Toadheretotheaccountingconceptofconservatism3、Whataccountingprincipleorconceptjustifiestheuseofaccrualsand deferrals ？()A、GoingconcernB、MaterialityC、ConsistencyD、Stablemonetaryunit4、Anaccruedexpensecanbestbedescribedasanamount()A、PaidandcurrentlymatchedwithrevenueB、PaidandnotcurrentlymatchedwithrevenueC、NotpaidandnotcurrentlymatchedwithrevenueD、Notpaidandcurrentlymatchedwithrevenue5、Continuationofabusinessenterpriseintheabsenceofcontraryevidenceisan exampleoftheprincipleorconceptof()A、BusinessentityB、ConsistencyC、GoingconcernD、Substanceoverform6、Inpreparingabankreconciliation，theamountofchecksoutstandingwouldbe：()A、addedtothebankbalanceaccordingtothebankstatement.B、deductedfromthebankbalanceaccordingtothebankstatement.C、addedtothecashbalanceaccordingtothedepositor’srecords.D、deductedfromthecashb alanceaccordingtothedepositor’srecord s.7、Journalentriesbasedonthebankreconciliationarerequiredfor：() A、additionstothecashbalanceaccordingtothedepositor’srecords.B、deductionsfromthecashbalanceaccordingtothedepositor’srecor ds.C、BothAandBD、NeitherAnorB8、Apettycashfundis：()A、usedtopayrelativelysmallamounts。
会计专业英语习题答案.doc
Chapter. 11-1As in many ethics issues, there is no one right answer. The local newspaper reported on this issue in these terms: "The company covered up the first report, and the local newspaper uncovered the company's secret. The company was forced to not locate here (Collier County). It became patently clear that doing the least that is legally allowed is not enough."1-21. B2. B3. E4. F5. B6. F7. X 8. E 9. X 10. B1-3a. $96,500 ($25,000 + $71,500)b. $67,750 ($82,750 – $15,000)c. $19,500 ($37,000 – $17,500)1-4a. $275,000 ($475,000 – $200,000)b. $310,000 ($275,000 + $75,000 – $40,000)c. $233,000 ($275,000 – $15,000 – $27,000)d. $465,000 ($275,000 + $125,000 + $65,000)e. Net income: $45,000 ($425,000 – $105,000 – $275,000) 1-5a. owner's equityb.liabilityc.assetd.assete.owner'sequity f. asset1-6a. Increases assets and increases owner’s equity.b. Increases assets and increases owner’s equity.c. Decreases assets and decreases owner’s equity.d. Increases assets and increases liabilities.e. Increases assets and decreases assets.1-71. increase2. decrease3.increase4. decrease1-8a. (1) Sale of catering services for cash, $25,000.(2) Purchase of land for cash, $10,000.(3) Payment of expenses, $16,000.(4) Purchase of supplies on account, $800.(5) Withdrawal of cash by owner, $2,000.(6) Payment of cash to creditors, $10,600.(7) Recognition of cost of supplies used, $1,400.b. $13,600 ($18,000 – $4,400)c. $5,600 ($64,100 – $58,500)d. $7,600 ($25,000 – $16,000 – $1,400)e. $5,600 ($7,600 – $2,000)1-9It would be incorrect to say that the business had incurred a net loss of $21,750. The excess of the withdrawals over the net income for the period is a decrease in the amount of owner’s equity in the business.1-10Balance sheet items: 1, 3, 4, 8, 9, 101-11Income statement items: 2, 5, 6, 71-12MADRAS COMPANYStatement of Owner’s EquityFor the Month Ended April 30, 2006Leo Perkins, capital, April 1, 2006 ...... $297,200 Net income for the month ................ $73,000Less withdrawals ........................... 12,000Increase in owner’s equity................ 61,000 Leo Perkins, capital, April 30, 2006 .... $358,2001-13HERCULES SERVICESIncome StatementFor the Month Ended November 30, 2006Fees earned ................................ $232,120 Operating expenses:Wages expense .......................... $100,100Rent expense ............................. 35,000Supplies expense ........................ 4,550Miscellaneous expense.................. 3,150Total operating expenses ............. 142,800 Net income .................................. $89,3201-14Balance sheet: b, c, e, f, h, i, j, l, m, n, oIncome statement: a, d, g, k1-151. b–investing activity2.a–operating activity3. c–financing activity4.a–operating activity1-16a. 2003: $10,209 ($30,011 – $19,802)2002: $8,312 ($26,394 – $18,082)b. 2003: 0.52 ($10,209 ÷ $19,802)2002: 0.46 ($8,312 ÷ $18,082)c. The ratio of liabilities to stockholders’ equity increased from2002 to 2003, indicating an increase in risk for creditors.However, the assets of The Home Depot are more than sufficient to satisfy creditor claims.Chapter. 22-1AccountAccount NumberAccounts Payable 21Accounts Receivable 12Cash 11Corey Krum, Capital 31Corey Krum, Drawing 32Fees Earned 41Land 13Miscellaneous Expense 53Supplies Expense 52Wages Expense 512-2Balance Sheet Accounts Income Statement Accounts1. Assets11 Cash12 Accounts Receivable13 Supplies14 Prepaid Insurance15Equipment2. Liabilities21 Accounts Payable22Unearned Rent3. Owner's Equity31 Millard Fillmore, Capital32 Millard Fillmore, Drawing4. Revenue41Fees Earned5. Expenses51 Wages Expense52 Rent Expense53 Supplies Expense59 Miscellaneous Expense2-3a. andb.Account Debited Account Credited Transaction T ype Effect Type Effect(1) asset + owner's equity +(2) asset + asset –(3) asset + asset –liability +(4) expense + asset –(5) asset + revenue +(6) liability –asset –(7) asset + asset –(8) drawing + asset –(9) expense + asset –Ex. 2–4(1) Cash...................................... 40,000Ira Janke, Capital ................... 40,000 (2) Supplies ................................. 1,800Cash................................... 1,800 (3) Equipment ............................... 24,000Accounts Payable ................... 15,000Cash................................... 9,000 (4) Operating Expenses ................... 3,050Cash................................... 3,050 (5) Accounts Receivable .................. 12,000Service Revenue ..................... 12,000 (6) Accounts Payable ...................... 7,500Cash................................... 7,500 (7) Cash...................................... 9,500Accounts Receivable ............... 9,500 (8) Ira Janke, Drawing ..................... 5,000Cash................................... 5,000 (9) Operating Expenses ................... 1,050Supplies .............................. 1,0502-51. debit and credit (c)2. debit and credit (c)3. debit and credit (c)4. credit only (b)5. debit only (a)6. debit only (a)7. debit only (a)2-6a. Liability—credit f. Revenue—creditb. Asset—debit g. Asset—debitc. Asset—debit h. Expense—debitd. Owner's equity i. Asset—debit(Cindy Yost, Capital)—credit j. Expense—debite. Owner's equity(Cindy Yost, Drawing)—debit2-7a. credit g. debitb. credit h. debitc. debit i. debitd. credit j. credite. debit k. debitf. credit l. credit2-8a. Debit (negative) balance of $1,500 ($10,500 – $4,000– $8,000). Such a negative balance means that the liabilities of Seth’s business exceed the a ssets.b. Y es. The balance sheet prepared at December 31will balance, with Seth Fite, Capital, being reported in the owner’s equity section as a negative $1,500.2-9a. T he increase of $28,750 in the cash account doesnot indicate earnings of that amount. Earnings will represent the net change in all assets and liabilities from operating transactions.b. $7,550 ($36,300 – $28,750)2-10a. $40,550 ($7,850 + $41,850 – $9,150)b. $63,000 ($61,000 + $17,500 – $15,500)c. $20,800 ($40,500 – $57,700 + $38,000)2-112005Aug.1 Rent Expense ........................... 1,500Cash................................... 1,5002 Advertising Expense (700)Cash (700)4 Supplies ................................. 1,050Cash................................... 1,0506 Office Equipment ....................... 7,500Accounts Payable ................... 7,5008 Cash...................................... 3,600Accounts Receivable ............... 3,60012 Accounts Payable ...................... 1,150Cash................................... 1,15020 Gayle McCall, Drawing ................ 1,000Cash................................... 1,00025 Miscellaneous Expense (500)Cash (500)30 Utilities Expense (195)Cash (195)31 Accounts Receivable .................. 10,150Fees Earned ......................... 10,15031 Utilities Expense (380)Cash (380)2-12a.JOURNAL Page 43Post.Date Description Ref. Debit Credit 2006Oct.27 Supplies .......................... 15 1,320Accounts Payable ............ 21 1,320Purchased supplies on account.b.,c.,d.Supplies 15Post.BalanceDate Item Ref. Dr. Cr.Dr. Cr.2006Oct. 1 Balance ................ ✓...... ...... 585 ......27 .......................... 43 1,320 ...... 1,905 ...... Accounts Payable 21 2006Oct. 1 Balance ................ ✓...... ...... ..... 6,15027 .......................... 43 ...... 1,320 ..... 7,4702-13Inequality of trial balance totals would be caused by errors described in (b) and (d).2-14ESCALADE CO.Trial BalanceDecember 31, 2006Cash ........................................... 13,375 Accounts Receivable .......................... 24,600Prepaid Insurance .............................. 8,000 Equipment ...................................... 75,000 Accounts Payable .............................. 11,180 Unearned Rent ................................. 4,250 Erin Capelli, Capital ........................... 82,420 Erin Capelli, Drawing .......................... 10,000Service Revenue ................................ 83,750 Wages Expense ................................ 42,000 Advertising Expense ........................... 7,200 Miscellaneous Expense ....................... 1,425 181,600 181,6002-15a. Gerald Owen, Drawing ................ 15,000Wages Expense ..................... 15,000b. Prepaid Rent ............................ 4,500Cash................................... 4,5002-16题目的资料不全, 答案略.2-17a. KMART CORPORATIONIncome StatementFor the Years Ending January 31, 2000 and 1999(in millions)Increase (Decrease)2000 1999 Amount Percent1. Sales .......................... $37,028 $35,925 .......................... $ 1,1033.1%2. Cost of sales ................ (29,658)(28,111) ......................... 1,5475.5%3. Selling, general, and admin.expenses ..................... (7,415) (6,514) 901 13.8%4. Operating income (loss)before taxes ................. $ (45) $1,300$(1,345)(103.5%)b. The horizontal analysis of Kmart Corporation revealsdeteriorating operating results from 1999 to 2000.While sales increased by $1,103 million, a 3.1%increase, cost of sales increased by $1,547 million, a5.5% increase. Selling, general, and administrativeexpenses also increased by $901 million, a 13.8%increase. The end result was that operating incomedecreased by $1,345 million, over a 100% decrease,and created a $45 million loss in 2000. Little over ayear later, Kmart filed for bankruptcy protection. It hasnow emerged from bankruptcy, hoping to return toprofitability.3-11. Accrued expense (accrued liability)2. Deferred expense (prepaid expense)3. Deferred revenue (unearned revenue)4. Accrued revenue (accrued asset)5. Accrued expense (accrued liability)6. Accrued expense (accrued liability)7. Deferred expense (prepaid expense)8. Deferred revenue (unearned revenue)3-2Supplies Expense (801)Supplies (801)3-3$1,067 ($118 + $949)3-4a. Insurance expense (or expenses) will be understated.Net income will be overstated.b. Prepaid insurance (or assets) will be overstated.Owner’s equity will be ove rstated.3-5a.Insurance Expense ............................ 1,215Prepaid Insurance ...................... 1,215 b.Insurance Expense ............................ 1,215Prepaid Insurance ...................... 1,2153-6Unearned Fees ................................... 9,570Fees Earned ............................ 9,5703-7a.Salary Expense ................................ 9,360Salaries Payable ........................ 9,360 b.Salary Expense ................................ 12,480Salaries Payable ........................ 12,480 3-8$59,850 ($63,000 – $3,150)3-9$195,816,000 ($128,776,000 + $67,040,000)3-10Error (a) Error (b)Over- Under- Over-Under-stated stated stated stated1. Revenue for the year would be $ 0 $6,900 $ 0 $ 02. Expenses for the year would be 0 0 0 3,7403. Net income for the year would be 0 6,900 3,740 04. Assets at December 31 would be 0 0 0 05. Liabilities at December 31 would be 6,900 0 0 3,7406. Owner’s equity at December 31would be ......................... 0 6,900 3,740 03-11$175,840 ($172,680 + $6,900 – $3,740)3-12a.Accounts Receivable .......................... 11,500Fees Earned ............................ 11,500b. No. If the cash basis of accounting is used, revenuesare recognized only when the cash is received.Therefore, earned but unbilled revenues would not berecognized in the accounts, and no adjusting entrywould be necessary.3-13a. Fees earned (or revenues) will be understated. Netincome will be understated.b. Accounts (fees) receivable (or assets) will beunderstated. Owner’s equity will be unde rstated.3-14Depreciation Expense ........................... 5,200Accumulated Depreciation ............ 5,200 3-15a. $204,600 ($318,500 – $113,900)b. No. Depreciation is an allocation of the cost of theequipment to the periods benefiting from its use. Itdoes not necessarily relate to value or loss of value.3-16a. $2,268,000,000 ($5,891,000,000 – $3,623,000,000)b. No. Depreciation is an allocation method, not avaluation method. That is, depreciation allocates thecost of a fixed asset over its useful life. Depreciationdoes not attempt to measure market values, whichmay vary significantly from year to year.3-17a.Depreciation Expense ......................... 7,500Accumulated Depreciation ............ 7,500 b. (1) D epreciation expense would be understated. Netincome would be overstated.(2) A ccumulated depreciation would be understated,and total assets would be overstated. Owner’sequity would be overstated.3-181.Accounts Receivable (4)Fees Earned (4)2.Supplies Expense (3)Supplies (3)3.Insurance Expense (8)Prepaid Insurance (8)4.Depreciation Expense (5)Accumulated Depreciation—Equipment 5 5.Wages Expense (1)Wages Payable (1)3-19a. Dell Computer CorporationAmount Percent Net sales $35,404,000 100.0Cost of goods sold (29,055,000) 82.1Operating expenses (3,505,000) 9.9Operating income (loss) $2,844,000 8.0b. Gateway Inc.Amount Percent Net sales $4,171,325 100.0Cost of goods sold (3,605,120) 86.4Operating expenses (1,077,447) 25.8Operating income (loss) $(511,242)(12.2)c. Dell is more profitable than Gateway. Specifically,Dell’s cost of goods sold of 82.1% is significantly less(4.3%) than Gateway’s cost of goods sold of 86.4%.In addition, Gateway’s operating expenses are over one-fourth of sales, while Dell’s operating expenses are 9.9% of sales. The result is that Dell generates an operating income of 8.0% of sales, while Gateway generates a loss of 12.2% of sales. Obviously, Gateway must improve its operations if it is to remain in business and remain competitive with Dell.4-1e, c, g, b, f, a, d4-2a. Income statement: 3, 8, 9b. Balance sheet: 1, 2, 4, 5, 6, 7, 104-3a. Asset: 1, 4, 5, 6, 10b. Liability: 9, 12c. Revenue: 2, 7d. Expense: 3, 8, 114-41. f2. c3. b4. h5. g6. j7. a8. i9. d10. e4–5ITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006AdjustedTrial Balance Adjustments TrialBalanceAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1 Cash 8 8 12 Accounts Receivable50 (a) 7 57 23 Supplies 8 (b) 5 3 34 Prepaid Insurance 12 (c) 6 6 45 Land 50 50 56 Equipment 32 32 67 Accum. Depr.—Equip. 2 (d) 5 7 78 Accounts Payable 26 26 89 Wages Payable 0 (e) 1 1 910 Terry Dagley, Capital 112 112 1011 Terry Dagley, Drawing8 8 1112 Fees Earned 60 (a) 7 67 1213 Wages Expense 16 (e) 1 17 1314 Rent Expense 8 8 1415 Insurance Expense 0 (c) 6 6 1516 Utilities Expense 6 6 1617 Depreciation Expense0 (d) 5 5 1718 Supplies Expense 0 (b) 5 5 1819 Miscellaneous Expense 2 2 120 Totals 200 200 24 24 213 2 ContinueITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006Adjusted Income BalanceTrial Balance StatementSheetAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1 Cash 8 8 12 Accounts Receivable57 57 23 Supplies 3 3 34 Prepaid Insurance 6 6 45 Land 50 50 56 Equipment 32 32 67 Accum. Depr.—Equip. 7 7 78 Accounts Payable 26 26 89 Wages Payable 1 1 910 Terry Dagley, Capital 112 112 1011 Terry Dagley, Drawing8 8 1112 Fees Earned 67 67 1213 Wages Expense 17 17 1314 Rent Expense 8 8 1415 Insurance Expense 6 6 1516 Utilities Expense 6 6 1617 Depreciation Expense5 5 1718 Supplies Expense 5 5 1819 Miscellaneous Expense 2 2 120 Totals 213 213 49 67 164 146 2021 Net income (loss) 18 18 2122 67 67 164 164 224-6ITHACA SERVICES CO.Income StatementFor the Year Ended January 31, 2006Fees earned .................................... $67Expenses:Wages expense ............................ $17Rent expense (8)Insurance expense (6)Utilities expense (6)Depreciation expense (5)Supplies expense (5)Miscellaneous expense (2)Total expenses ...........................49Net income ...................................... $18ITHACA SERVICES CO.Statement of Owner’s EquityFor the Year Ended January 31, 2006 Terry Dagley, capital, February 1, 2005 .... $112 Net income for the year ....................... $18 Less withdrawals . (8)Increase in owner’s equity....................10Terry Dagley, capital, January 31, 2006 ... $122ITHACA SERVICES CO.Balance SheetJanuary 31, 2006Assets LiabilitiesCurrent assets: Current liabilities:Cash ............... $ 8 Accounts payable $26 Accounts receivable 57 .. Wages payable 1 Supplies ........... 3 Total liabilities . $ 27 Prepaid insurance 6Total current assets $ 74Property, plant, and Owner’s E quityequipment: Terry Dagley, capital (12)Land ............... $50Equipment ........ $32Less accum. depr. 7 25Total property, plant,and equipment 75 Total liabilities andTotal assets ......... $149 owner’s equity .. $1494-72006Jan.31 Accounts Receivable (7)Fees Earned (7)31 Supplies Expense (5)Supplies (5)31 Insurance Expense (6)Prepaid Insurance (6)31 Depreciation Expense (5)Accumulated Depreciation—Equipment 531 Wages Expense (1)Wages Payable (1)4-82006Jan.31 Fees Earned (67)Income Summary (67)31 Income Summary (49)Wages Expense (17)Rent Expense (8)Insurance Expense (6)Utilities Expense (6)Depreciation Expense (5)Supplies Expense (5)Miscellaneous Expense (2)31 Income Summary (18)Terry Dagley, Capital (18)31 Terry Dagley, Capital (8)Terry Dagley, Drawing (8)4-9SIROCCO SERVICES CO.Income StatementFor the Year Ended March 31, 2006Service revenue ................................$103,850Operating expenses:Wages expense ............................ $56,800Rent expense ............................... 21,270Utilities expense ............................ 11,500Depreciation expense ..................... 8,000Insurance expense ......................... 4,100Supplies expense .......................... 3,100Miscellaneous expense .................... 2,250Total operating expenses ....... 107,020Net loss ..........................................$ (3,170)4-10SYNTHESIS SYSTEMS CO.Statement of Owner’s EquityFor the Year Ended October 31, 2006 Suzanne Jacob, capital, November 1, 2005$173,750Net income for year ........................... $44,250 Less withdrawals ............................... 12,000 Increase in owner’s equity....................32,250Suzanne Jacob, capital, October 31, 2006 $206,0004-11a. Current asset: 1, 3, 5, 6b. Property, plant, and equipment: 2, 44-12Since current liabilities are usually due within one year, $165,000 ($13,750 × 12 months) would be reported as a current liability on the balance sheet. The remainder of $335,000 ($500,000 – $165,000) would be reported as a long-term liability on the balance sheet.4-13TUDOR CO.Balance SheetApril 30, 2006AssetsLiabilitiesCurrent assetsCurrent liabilities:Cash $31,500Accounts payable ........... $9,500Accounts receivable 21,850 Salaries payable1,750Supplies ............ 1,800 Unearned fees ............... Prepaid insurance 7,200 Total liabilitiesPrepaid rent ....... 4,800Total current assets $67,150 Owner’s E Property, plant, and equipment: Vernon Posey,capital 114,200Equipment ....... $80,600Less accumulated depreciation 21,100 59,500Total liabilities andTotal assets $126,650 own er’s equity ...............4-14Accounts Receivable ............................ 4,100Fees Earned ......................... 4,100 Supplies Expense ...................... 1,300Supplies .............................. 1,300 Insurance Expense ..................... 2,000Prepaid Insurance ................... 2,000 Depreciation Expense ................. 2,800Accumulated Depreciation—Equipment 2,800 Wages Expense ........................ 1,000Wages Payable ...................... 1,000 Unearned Rent .......................... 2,500Rent Revenue ........................ 2,5004-15c. Depreciation Expense—Equipmentg. Fees Earnedi. Salaries Expensel. Supplies Expense4-16The income summary account is used to close the revenue and expense accounts, and it aids in detectingand correcting errors. The $450,750 represents expense account balances, and the $712,500 represents revenue account balances that have been closed.4-17a.Income Summary ............................. 167,550Sue Alewine, Capital ................... 167,550 Sue Alewine, Capital ............................ 25,000Sue Alewine, Drawing ................. 25,000b. $284,900 ($142,350 + $167,550 – $25,000)4-18a. Accounts Receivableb. Accumulated Depreciationc. Cashe. Equipmentf. Estella Hall, Capitali. Suppliesk. Wages Payable4-19a. 2002 2001Working capital ($143,034)($159,453)Current ratio 0.81 0.80b. 7 Eleven has negative working capital as of December31, 2002 and 2001. In addition, the current ratio is below one at the end of both years. While the working capital and current ratios have improved from 2001 to 2002, creditors would likely be concerned about the ability of 7 Eleven to meet its short-term credit obligations. This concern would warrant further investigation to determine whether this is a temporary issue (for example, an end-of-the-periodphenomenon) and the company’s plans to address itsworking capital shortcomings.4-20a. (1) Sales Salaries Expense ................ 6,480Salaries Payable ........................ 6,480(2) Accounts Receivable ................... 10,250Fees Earned ............................. 10,250b. (1) Salaries Payable ........................ 6,480Sales Salaries Expense ................ 6,480(2) Fees Earned ............................. 10,250Accounts Receivable ................... 10,2504-21a. (1) Payment (last payday in year)(2) Adjusting (accrual of wages at end of year)(3) Closing(4) Reversing(5) Payment (first payday in following year)b. (1) W ages Expense ........................ 45,000Cash ...................................... 45,000(2) Wages Expense ......................... 18,000Wages Payable .......................... 18,000(3) Income Summary .......................1,120,800Wages Expense ......................... 1,120,800(4) Wages Payable .......................... 18,000Wages Expense ......................... 18,000(5) Wages Expense ......................... 43,000Cash ...................................... 43,000 Chapter6（找不到答案，自己处理了哦）Ex. 8–1a. Inappropriate. Since Fridley has a large number ofcredit sales supported by promissory notes, a notesreceivable ledger should be maintained. Failure tomaintain a subsidiary ledger when there are asignificant number of notes receivable transactionsviolates the internal control procedure that mandatesproofs and security. Maintaining a notes receivable ledger will allow Fridley to operate more efficiently and will increase the chance that Fridley will detect accounting errors related to the notes receivable. (The total of the accounts in the notes receivable ledger must match the balance of notes receivable in the general ledger.)b. Inappropriate. The procedure of proper separation ofduties is violated. The accounts receivable clerk is responsible for too many related operations. The clerk also has both custody of assets (cash receipts) and accounting responsibilities for those assets.c. Appropriate. The functions of maintaining theaccounts receivable account in the general ledger should be performed by someone other than the accounts receivable clerk.d. Appropriate. Salespersons should not be responsiblefor approving credit.e. Appropriate. A promissory note is a formal creditinstrument that is frequently used for credit periods over 45 days.Ex. 8–2-aa.Customer Due Date Number of DaysPast DueJanzen Industries August 29 93 days (2 + 30+ 31 + 30)Kuehn Company September 3 88 days (27 + 31+ 30)Mauer Inc. October 21 40 days (10 +30)Pollack Company November 23 7 daysSimrill Company December 3 Not past dueEx. 8–3Nov.30 Uncollectible Accounts Expense ..... 53,315*Allowances for Doubtful Accounts 53, *$60,495 – $7,180 = $53,315Ex. 8–4Estimated Uncollectible AccountsAge Interval Balance Percent AmountNot past due .............. $450,000 2% $9,0001–30 days past due...... 110,000 4 4,40031–60 days past due .... 51,000 6 3,06061–90 days past due .... 12,500 20 2,50091–180 days past due .. 7,500 60 4,500Over 180 days past due 5,500 80 4,400 Total .................... $636,500 $27,860Ex. 8–52006Dec. 31 Uncollectible Accounts Expense ..... 29,435*.A llowance for Doubtful Accounts 29,435 *$27,860 + $1,575 = $29,435Ex. 8–6a. $17,875 c. $35,750b. $13,600 d. $41,450Ex. 8–7a.Allowance for Doubtful Accounts ........... 7,130Accounts Receivable .................. 7,130b.Uncollectible Accounts Expense ............ 7,130Accounts Receivable .................. 7,130Ex. 8–8Feb.20 Accounts Receivable—Darlene Brogan 12,100 Sales .................................. 12,10020 Cost of Merchandise Sold ............ 7,260Merchandise Inventory .............. 7,260May30 Cash...................................... 6,000Accounts Receivable—Darlene Brogan 6,030 Allowance for Doubtful Accounts .... 6,100Accounts Receivable—Darlene Brogan 6,1Aug. 3Accounts Receivable—Darlene Brogan 6,100 Allowance for Doubtful Accounts . 6,1003 Cash...................................... 6,100Accounts Receivable—Darlene Brogan 6,1$223,900 [$212,800 + $112,350 –($4,050,000 × 21/2%)]Ex. 8–10Due Date Interesta. Aug. 31 $120b. Dec. 28 480c. Nov. 30 250d. May 5 150e. July 19 100Ex. 8–11a. August 8b. $24,480c. (1) N otes Receivable .......................... 24,000Accounts Rec.—Magpie Interior Decorators 24,(2) C ash......................................... 24,480Notes Receivable ....................... 24,000Interest Revenue (480)1. Sale on account.2. Cost of merchandise sold for the sale on account.3. A sales return or allowance.4. Cost of merchandise returned.5. Note received from customer on account.6. Note dishonored and charged maturity value of note tocustomer’s account recei vable.7. Payment received from customer for dishonored noteplus interest earned after due date.Ex. 8–132005Dec.13 Notes Receivable ....................... 25,000Accounts Receivable—Visage Co. 25,31 Interest Receivable ..................... 75*Interest Revenue (75)31 Interest Revenue (75)Income Summary (75)2006。
《会计专业英语》习题答案人大版Chapter 1
Chapter 1 Introduction to AccountingMultiple choice questions:1. D2. C3. C4. C5. B6. A7. C8. D9. C 10. CDiscussion questions1. What are the three basic forms of business entities?The forms of business entities are generally divided into sole proprietorships, partnerships, or corporations.A sole proprietorship is an unincorporated business only owned by one person. A sole proprietorship often has the following characteristics: (1) The owner also acts as the manager. (2) The owner is personally liable for the debts of the business. If the business has financial difficulties, creditors can force the owner to sell his or her personal assets to pay for the business debts. (3) Its advantage is simplicity.A partnership is usually an unincorporated business owned by two or more persons voluntarily acting as partners. The owners of a partnership, when unincorporated, are also personally liable for the debts of the business. In comparison he sole proprietorship, the partnership has the ability to raise larger amounts of capital investment from multiple owners. Since the personal skills of the individuals are vital to the partnership, covenants are usually drawn up which makes it difficult for individual partners to exit the legal entity.A corporation is a business organization as a separate legal entity owned by stockholders. Investors in a corporation receive shares of stock to indicate ownership claims. Shares of stock are easy to sell. Individuals can become stockholders by investing small amounts of money.2. Compared with sole proprietorship and partnership, what are the advantages of corporation as a form of business entity?Compared with sole proprietorships and partnerships,a corporation is easy for corporations to raise larger amounts of funds. Successful corporations often havethousands of stockholders, and their stocks are traded on organized stock exchanges like the New York Stock Exchange. Different from sole proprietorships and partnerships, corporate stockholders have no personal liability to the legal entity and their risks are limited to their purchase amount only.3. Who are the external users of accounting information? Give examples.External users have a current or potential financial interest in the reporting entity, but are not directly involved in managing and operating the business. The main external users include investors and creditors. Investors use accounting information to decide whether to buy, hold, or sell stocks. Creditors use accounting information to decide whether to sell goods or services on credit or lend money to an entity. Other external users of accounting information are government agencies, suppliers, customers, general public, and so on.4. What are the three main types of business activities? Give examples of each activity.All business can be classified into three types of activity: financing activity, investing activity, and operating activity. A company usually obtains cash through financing activities to start and grow its business. It then invests the cash in to run the business, such as delivery vehicles. Once this equipment is in place, it can begin the operating activities of making and selling goods.Financing activity: A company has two primary sources to raise funds. One is borrowing money and the other is issuing (selling) shares of stock in exchange for cash. Persons or entities to whom a company owes money are creditors. Amounts owed to creditors are called liabilities. A company may also obtain funds by selling shares of stock to investors in exchange for ownership rights. The total amount paid in by stockholders is ownership of shares of common stock and called paid-in capital. A creditor has a legal right to be paid at the agreed-upon time. However, stockholders have no legal right to expect any payments on a regular basis. The payments paid to stockholders are called dividends.Investing activity: Investing activities involve the purchase of the resources a company needs in order to operate. These resources can be buildings, furniture, computers, and delivery trucks among many other capital investments. Resources owned by a business are called capital assets. Assets have different types and names. Various, non-current, and tangible assets are called property, plant, and equipment (PPE).Operating activity: Once a business has assets, it can begin its operations. The amounts earned on the sale of its products or services are called revenues. Sources of revenues common to many businesses are sales revenues, service revenues, and interest revenues (typically not operating revenues but financing revenues).5. Accounting is sometimes described as the language of business. What is meant by this description?Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. Specifically, accounting provides information about the reporting entity that is useful to present and potential investors, creditors, and other information users in decisions about providing resources to the entity. As we often say, accounting is a business language.。
会计专业英语答案
会计专业英语答案【篇一：15春学期《会计专业英语》在线作业满分答案】a. an expense accountb. a capital accountc. a liability accountd. an asset account?正确答案：d2. the debt created by a business when it makes a purchase on account is referred to as ana. account payableb. account receivablec. assetd. expense payable?正确答案：a3. when the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds area. convertible bondsb. unsecured bondsc. debenture bondsd. callable bonds?正确答案：d4. which of the items below is not a business organization form?（）a. entrepreneurshipb. proprietorshipc. partnershipd. corporation?正确答案：a5. cash investments made by the owner to the business are reported on the statement of cash flows in thea. financing activities sectionb. investing activities sectionc. operating activities sectiond. supplemental statement?【篇二：《会计专业英语》期末试题(a卷)答案】txt>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). (prior) (3) (liquid). (that). (at)3.题一10分，第一小段6分，第二小段4分。
会计英语参考答案
会计英语参考答案一、选择题1. A. 正确。
本题考查了会计术语"Assets"（资产）的概念。
2. C. 正确。
"Liabilities"（负债）是指企业所欠的债务或责任。
3. B. 正确。
"Equity"（所有者权益）是指企业所有者对企业净资产的所有权。
4. D. 正确。
"Revenue"（收入）是指企业在正常经营活动中产生的经济利益流入。
5. A. 正确。
"Expenses"（费用）是指企业为获取收入而发生的经济利益流出。
二、填空题1. 会计信息的三个主要特征是：__reliability_（可靠性）、__timeliness_（及时性）和__understandability_（可理解性）。
2. 会计的基本假设包括：__accrual basis_（权责发生制）、__continuity_（持续经营）和__consistency_（一致性）。
3. 会计的基本原则包括：__materiality_（重要性）、__objectivity_（客观性）和__prudence_（谨慎性）。
4. 会计的确认原则要求：收入和费用在__profit and lossstatement_（损益表）中体现。
5. 会计的计量原则要求：资产和负债在__balance sheet_（资产负债表）中以__current value_（当前价值）或__historical cost_（历史成本）进行记录。
三、简答题1. 会计信息的作用是什么？答：会计信息的作用包括：帮助投资者和债权人做出投资和融资决策；帮助管理层进行企业经营决策；满足政府监管和税收的需要；以及提供社会公众了解企业经营状况的渠道。
2. 什么是会计循环？答：会计循环是指从收集原始凭证开始，经过记录、分类、汇总、试算平衡、调整、编制报表等一系列会计处理过程，最终生成财务报表的整个流程。