(完整word版)会计英语期末复习资料v.docx
09《会计英语》期末复习资料eful Phrases （短语）这个是给出中文让写英文1.Trading securities交易性金融资产2.Notes/accounts receivable应收票据 /帐款3.Provision for bad debts 坏帐准备4.Advances to suppliers 预付帐款5.Prepaid expenses待摊费用 (考过 )6.Accrued expenses 预提费用7.Accrued payroll 应付工资8.Dividends payable 应付股利9.Provision for loss on realization of inventory 存货变现损失准备10.Available-for-sale securities 可供出售的金融资产11.Hold-to-maturity securities 持有至到期投资12.Long-term investment in equity 长期股权投资13.Long-term investment maturing within one year 一年内到期的长期投资14.Receivables collectible after one year 一年以上应收款项15.Fixed assets - cost固定资产原价16.Fixed assets–net book value 固定资产净值17.Fixed assets–pending disposal 固定资产清理18.Accumulated depreciation 累计折旧19.Construction in progress 在建工程20.Intangible assets 无形资产21.Proprietary technology and patents 工业产权及专有技术22.Deferred tax assets递延所得税资产23.Current liabilities 流动债务24.Provisions for foreseeable liabilities 预计负债准备25.Premium/discount on debentures payable应付公司债券溢价 /折价26.Deferred tax liabilities 递延所得税负债27.Paid-in capital 实收资本28.Capital/Earnings surplus 资本 /盈余公积29.Undistributed profits 末分配利润30.Accumulated losses 累计亏损31.Profit and loss account利润表32.Sales discounts and allowances销售折扣与折让33.Impairment losses of assets资产减值损失34.Gain/loss on changes in fair value 公允价值变动收益 /损失35.Operating profit/loss 营业利润 / 亏损36.Non-operating income/expenses营业外收入 /支出 profit/loss after tax 税后净利润 /亏损38.Earnings per share (EPS)每股收益39.Basic/diluted EPS 基本 /稀释每股收益II.Abbreviations （缩略语）这个是给简写让你写出英语跟中文1.GAAP : Generally Accepted Accounting Principles .公认会计原则2.FASB : Financial Accounting Standards Board.财务会计准则委员会3.AICPA : American Institute of Certified Public Accountants.美国注册会计师协会4.CICPA : Chinese Institute of Certified Public Accountants.中国注册会计师协会5.MOF : the Ministry of Finance财政部6.SL Method : straight-line method.直线法P.252/77.ROA :return on assets资.产报酬率P.267/78.EPS :earning per share每.股收益P.351/99.P/E Ratio : the price/earning ration市盈率10.SCF : the statement of cash flows现金流量表III.Questions （回答问题）Lesson 1 --- Home AssignmentsDiscussion Questions: p.221.What are the four financial statements prepared by a proprietorship toprovide information for decision making?√They are: income statement (profit and loss account), statement of owner’s equity (capital statement, statement of retained earnings), balance sheet and cash flow statement.2.What is the proper formula presentation of the accounting equation?√Assets = Liabilities + [owner ’s equity + (Revenue–Expenses)]Exercise 1 - 2: p.23Foreman Corporation, engaged in a service business,completed the following selected transactions during the period:√1)Issued additional capital stock, receiving cash;2)Purchased supplies on account;3)Returned defective supplies purchased on account and not yet paid for;4)Received cash as a refund from the erroneous overpayment of anexpense;5)Charged customers for services sold on account;6)Paid utilities expense;7)Paid a creditor on account;8)Received cash on account from charge customers;9)Paid cash dividends to stockholders;10)Determined the amount of supplies used during the month.Lesson 2 --- Home AssignmentsDiscussion Questions: p.631.Does debit always mean increase and credit always mean decrease?√No, it does not. And debit or credit should not be confused with increase ordecrease. It depends on which side of an account is used for debit or credit.2.Given that assets have economic value and that they have debit balances,why do expenses also have debit balances?√Because expenses have the effect of decreasing capital, and just as decreases incapital are recorded as debit, increases in expense accounts are recorded as debits. Lesson 3---Home AssignmentsAnswer the following questions:1.Briefly explain the matching principle. （考过）√The matching principle states that expenses should be deducted (matched against) from the revenues earned in the same period.2.Why is an unearned revenue a liability? √Unearned revenue is a liability because the business owes the customer a good or service.Lesson 7---Home Assignments1.What do determinable current liabilities include? P.291 √They include trade accounts payable, current notes payable, current maturities of long-term obligations, cash dividends payable, accrued liabilities, and prepayments or deposits from customers.2.What does non-current liabilities represent? P.306 √It represents obligations of the firm that generally are due more than one yearafter the balance sheet date.3.What does the major portion of non-current liabilities consist of?P.306It consists of notes and bonds payable.Lesson 8---Home AssignmentsAnswer the following questions:1.What determines the yield rate of a company’s stock? √Dividends per share divided by market price per share determine the yield rateof a company‘s stock.2.What is P/E ratio? √The Price/Earning (P/E) ratio is the ratio of the market price per share toearnings per share.Lesson 9---Home AssignmentsAnswer the following questions:1.What are the three categories into which the SCF should be classified?They are a) cash flow from operating activities, b) cash flow from investing activities, cash flow from financing activities. √2.What is the usefulness of the SCF?√From SCF, the information users can know the reasons for the difference between net income and net cash flows from operating activities.IV .E-C Translation （英汉语篇翻译）让你写中文意思P.49/L.21.Preparing a Trial BalanceAccountants usually complete the posting of journal entries to the ledger accounts at the end of each month if they are using a manual system. With a computerized system, each posting is done automatically as each journal entry is recorded. The equality of debits and credits in the ledger should be verified at the end of each accounting period. To verify the accuracy of the recording process, accountants prepare a trial balance of the ledger accounts. A trial balance not only provides a check on the equality of debits and credits but also is a useful summary of account balances for preparing financial statements.[参考译文 ]编制试算表（考过）若使用的是手工录入系统的话，会计师通常是在每个月的月底完成日记帐到分类帐的过帐工作；若是用计算机系统的话，则每次过帐均在完成每笔日记帐的同时就自动完成了。
国际会计双语期末复习精品文档12页
Chap 11. The amounts of the assets and liabilities of Chickadee Travel Service at April 30, 2019, the end of the current year, and its revenue and expenses for the year are listed below. The capital of Adam Cellini, owner, was $50,000 at May 1,2019, the beginning of the current year, and the owner withdrew $30,000 during the current year.Accounts payable $ 12,200Accounts receivable 31,350 Cash 53,050 Fees earned 263,200 Miscellaneous expense 2,950Rent expense 37,800 Instructions2. Prepare an income statement for the current year ended April 30, 2019.3. Prepare a statement of owner ' s equity for the current year ended April 30, 2019.4. Prepare a balance sheet as of April 30, 2019.答案： 1.CHICKADEE TRAVEL SERVICE Income StatementFor the Year Ended April 30, 20192.CHICKADEE TRAVEL SERVICEStatement of Owner's EquityAdam Cellinic, capital, May 1,2009 Net income for the year Less withdrawals Increase in owner's equity Adam Cellinic, capital, April 30, 20193.Supplies $ 3,350 Supplies expense 7,100 Taxes expense 5,600 Utilities expense 22,500 Wages expense 131,700Fees earned Expenses: Wages expense Rent expense Utilities expense Supplies expense Taxes expense Miscellaneous expenseTotal expensesNet income$263,200$131,700 37,800 22,500 7,100 5,600 2,950207,650 $55,550CHICKADEE TRAVEL SERVICEBalance SheetApril 30,2019Liabilities$87,750_Total liabilities and owner's equity$87,750Chap 21. The Zuni Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Gayle McCall, Capital; Gayle McCall, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.Journalize the following selected transactions for August 2019 in a two-column journal. Journal entry explanations may be omitted. August 1. Paid rent for the month, $1,500.2. Paid advertising expense, $700. 4. Paid cash for supplies, $1,050.6. Purchased office equipment on account, $7,500. 8. Received cash from customers on account, $3,600. 12. Paid creditor on account, $1,150. 20. Withdrew cash for personal use, $1,000.25. Paid cash for repairs to office equipment, $500. 30. Paid telephone bill for the month, $195.31. Fees earned and billed to customers for the month, $10,150. 32. Paid electricity bill for the month, $380.答案：2019August 1. Rent Expense (1500)Cash ........................................ 1500 2. Advertising Expense . (700)Cash ........................................ 700 4. Supplies . (1050)Cash ........................................ 1050 6. Office Equipment .. (7500)Accounts Payable ............................ 7500 8. Cash (3600)Accounts Receivable ........................ 3600 12. Accounts Payable (1150)Cash .......................................... 1150 20. Gayle McCall, Drawing .. (1000)Cash .............................................. 1000 25. Miscellaneous Expense (500)Cash (500)AssetsCash Accounts receivable SuppliesAccounts payable$53,050 3,1503,350 Owner's Equity$ 75,550$12,200Total assets30.Utilities Expense (195)Cash (195)31.Cash (10150)Fees Earned (10150)32.Utilities Expense (380)Cash (380)Chapter 3? The Matching Concept and the Adjusting ProcessPROBLEM 3-5AGreco Service Co., which specializes in appliance repair services, is owned and operated by Curtis Loomis. Greco Service Co. ' s accounting clerk prepared the followingtrial balance at December 31,2019:Greco Service Co.Trial BalanceDecember 31,2019Cash .................................................................. 4,200Accounts Receivable ................................................... 20,600Prepaid Insurance ...................................................... 6,000Supplies .............................................................. 1,450Land ................................................................. 100,000Building .............................................................. 161,500Accumulated Depreciation —Building ....................... ................................75,700 Equipment ...................................................... 80,100Accumulated Depreciation —Equipment ................................................ 35,300Accounts Payable ............................ ....................................................7,500 Unearned Rent ................... ..........................................................7,200 Curtis Loomis, Capital ....... ...........................................................157,100 Curtis Loomis, Drawing ............................................ 5,000Fees Earned ........................... ........................................................257,200 Salaries and Wages Expense ........................................ 101,800Utilities Expense ..................................................... 28,200Advertising Expense .................................................... 15,000Repairs Expense ........................................................ 12,100Miscellaneous Expense .................................................. 4,050540,000 540,000 The data needed to determine year-end adjustments are as follows: a. Depreciation of building for the year, $3,600. b. Depreciation of equipment for the year, $2,400. c. Accrued salaries and wages at December 31, $2,170. d. Unexpired insurance at December 31, $3,500. e. Fees earned but unbilled on December 31, $4,350. f. Supplies on hand at December 31, $375.g. Rent unearned at December 31, $2,800. Instructions 1. Journalize the adjusting entries. Add additional accounts as needed. 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. 答案：1.2.Repairs ExpenseDepreciation Expense - Equipment Insurance ExpenseDepreciation Expense - Building Supplies Expense Miscellaneous ExpenseChapter 4 Completing the Accounting Cycle1. I thaca Services Co. offers cleaning services to business clients. Complete the following work sheet for Ithaca Services Co, and prepare an income statement, statement of owner s equity, balance she and the closing entries for Ithaca Services Co.Ithaca Services Co.Work Sheet For the Year Ended January 31,2019Account Title Adjusted Trial BalanceIncome StatementBalance SheetDr.Cr.Dr.Cr.Dr.Cr.Cash8Accounts Receivable 57Supplies3Prepaid Insurance 6Land r 501Equipment32Accumulated Depr. — Equip. 7Accounts Payable26Wages Payable1Terry Dagley, Capital 112Terry Dagley, Drawing 8Fees Earned 67Wages Expense 17Rent Expense 8Insurance Expense r 6 1Utilities Expense 6Depreciation Expense 5Supplies Expense 51Miscellaneous Expense 2Totals213213Net income (loss)答案:ITHACA SERVICES CO. Income Statement For the Year Ended January 31, 2019 Fees earned .................................................... $67 Expenses: Wages expense .............................. $17 Rent expense ....................................... 8 Insurance expense .................................. 6 Utilities expense .................................. 6 Supplies expense .. (5)12,100 2,400 2,500 3,600 1,075 4,050 552,520Depreciation expense ................................ 5 Miscellaneous expense ............................... 2 Total expenses ....................... Net income .................................... ITHACA SERVICES CO.Statement of Owner s EquityFor the Year Ended January 31,2019 Terry Dagley, capital, $112Net income for the year ................................ $18 Less withdrawals (8)Increase in owner equity ............................................... 10 Terry Dagley, capital, October 31, 2019 ............................... $122ITHACA SERVICES CO. Balance Sheet January 31, 2019 Assets LiabilitiesCurrent assets: Current liabilities: Cash .................... $ 8 Accounts payable ...... $26 Accounts receivable.... 57 Wages payable ........... 1 Supplies ............. 3 Total liabilities ......... $ 27 Prepaid insurance . (6)Total current assets.. $ 74 Property, plant, and equipment: Land $ 50 Equipment .......... $32Less accum. depr.... 7 ___ Owner' s Equity Total property, plant, Terry Dagley, capital... 122 and equipment... ...75 Total liabilities and Total assets ................. $149 owner' s equity. .$149 2019 Jan. 31 Fees Earned . (67)Income Summary (67)31 Income Summary (49)Wages Expense ............................... 17 Rent Expense ................................ 8 Insurance Expense ........................... 6 Utilities Expense ........................... 6 Supplies Expense ............................ 5 Depreciation Expense ...................... 5 Miscellaneous Expense (2)31 Income Summary (18)Terry Dagley, Capital (18)31 Gloria Millard, Capital (8)Terry Dagley, Drawing (8)Chapter 6 ? Accounting for Merchandising BusinessesPROBLEM 6-5AThe following were selected from among the transactions completed by Ingress Company during January of the current year:Jan. 3. Purchased merchandise on account from Pynn Co., list price $16,000, trade discount 35%, terms FOB shipping point, 2/10, n/30, with prepaid transportation costs of $320 added to the invoice.5. Purchased merchandise on account from Wilhelm Co., $8,000, terms FOB destination, 1/10,n/30.6. Sold merchandise on account to Sievert Co., list price $12,500, trade discount 40%, terms 2/10, n/30. The cost of the merchandise sold was $4,500.7. Returned $1,800 of merchandise purchased on January 5 from Wilhelm Co. 13. Paid Pynn Co. on account for purchase of January 3, less discount.15. Paid Wilhelm Co. on account for purchase of January 5, less return of January 7 and discount. 16. Received cash on account from sale of January 6 to Sievert Co., less discount.19. Sold merchandise on nonbank credit cards and reported accounts to the card company, American Express, $6,450. The cost of the merchandise sold was $3,950.22. Sold merchandise on account to Elk River Co., $3,480, terms 2/10, n/30. The cost of the merchandise sold was $1,400.23. Sold merchandise for cash, $9,350. The cost of the merchandise sold was $5,750.25. Received merchandise returned by Elk River Co. from sale on January 22, $1,480. The cost of the returned49_ ..$ 18merchandise was $600.31.Received cash from American Express for nonbank credit card sales of January 19, less $225 service fee. InstructionsJournalize the transactions.答案：1.Jan. 3 Merchandise Inventory ................... 10,720Accounts Payable —Pynn Co ................................ 10,720[$16,000 - ($16,000 35%)] = $10,400;$10,400 + $320 = $10,720.5 Merchandise Inventory ........................... 8,000Accounts Payable —Wilhelm Co .............................. 8,0006 Accounts Receivable —Sievert Co ..................... 7,500Sales ............................................. 7,500[$12,500 - ($12,500 *0%)] = $7,5006Cost of Merchandise Sold ....................... 4,500Merchandise Inventory ..................................... 4,5007Accounts Payable —Wilhelm Co ................. 1,800Merchandise Inventory .................................... 1,80013 Accounts Payable —Pynn Co .................... 10,720Cash ...................................................... 10,512Merchandise Inventory (208)15 Accounts Payable —Wilhelm Co ..................... 6,200Cash .............................. ...................... 6,138Merchandise Inventory (62)16 Cash ................................................ 7,350Sales Discount (150)Accounts Receivable —Sievert Co ......................... 7,50019 Accounts Receivable--American Express .............. 6,450Sales .................................................... 6,45019 Cost of Merchandise Sold .......................... 3,950Merchandise Inventory ........ ................ 3,95022 Accounts Receivable —Elk River Co ............. 3,480Sales .................................................... 3,48022 Cost of Merchandise Sold .......................... 1,400Merchandise Inventory .......... ............ 1,40023 Cash ................................................ 9,350Sales ................................................... 9,350Dec. 23 Cost of Merchandise Sold ..................... 5,750Merchandise Inventory ........ ............... 5,75025 Sales Returns and Allowances .................... 1,480Accounts Receivable —Elk River Co. ... …1,48025 Merchandise Inventory (600)Cost of Merchandise Sold ............ .. (600)31 Credit Card Expense (225)Cash (225)Cash ............................................... 6,450Accounts Receivable--American Express ............. 6,450Questions of chap 7 Inventories1.The units of an item available for sale during the year were as follows:Jan. 1 Inventory 42 units at $120Mar. 4 Purchase 58 units at $130Aug. 7 Purchase 20 units at $136Nov. 15 Purchase 30 units at $140There are 36 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost and the cost of merchandise sold by three methods, presenting your answers in the following form:Cost Inventory Method Merchandise InventoryMerchandise Solda.First-in, first-out $ $st-in, first-outc. Average cost 答案：CostMerchandise MerchandiseInventory Method Inventory Solda.FIFO .............. $5,016 $14,484b.LIFO .............. 4,320 15,180c.Average cost ...... 4,680 14,820Cost of merchandise available for sale: 42 units at $120 .$5,04058 units at $130 ...................................... 7,54020 units at $136 ...................................... 2,72030 units at $140 ...................................... 4,200150 units (at average cost of $130) ................... $19,500a.First-in, first-out: Merchandise inventory: 30 units at $140 $4,2006 units at $136 (816)36 units ............................................. $5,016Merchandise sold: $19,500 - $5,016 ......................... $14,484st-in, first-out: Merchandise inventory: 36 units at $120 $4,320Merchandise sold: $19,500 - $4,320 ...................... $15,180c.Average cost:Merchandise inventory:36 units at $130($19,500/150 units) ....................$4,680Merchandise sold:$19,750 - $4,680 ........................................ $14,820Chap 81. The following data were accumulated for use in reconciling the bank account ofKidstock Co. for March:a.Cash balance according to the depositor ' s records at March 31, $7,671.45.b.Cash balance according to the bank statement at March 31, $4,457.25.c.Checks outstanding, $2,276.20.d.Deposit in transit, not recorded by bank, $5,780.40.e. A check for $145 in payment of an account was erroneously recorded in thecheck register as $451.f.Bank debit memorandum for service charges, $16.00.Prepare a bank reconciliation, using the format shown in Exhibit 7.And journalize the entry or entries that should be made by the depositor.答案：Kidstock CO.Bank ReconciliationMarch 31, 20 — Cash balance according to bank statement .............................................................. $4457.25Add deposit in transit, not recorded by bank .................. 5780.4$17,850Deduct outstanding checks ..................................... 2276.2 _______Adjusted balance ................................................ $7961.45Cash balance according to company ' s records .......................... 7671.45Add error in recording check (306)$13,695 Deduct bank service charge (16)Adjusted balance ................................................ $7961.45EntriesCash (306)Accounts Payable (306)Miscellaneous Administrative Expense (16)Cash (16)Chap91、For a business that makes advance provision for uncollectible receivables(a)Journalize the entries to record the following:(1)Record the adjusting entry at December 31, the end of the fiscal year, to provide for doubtfulaccounts. The accounts receivable account has a balance of $800,000, and the contra asset accountbefore adjustment has a debit balance of $600. Analysis of the receivables indicates doubtfulaccounts of $18,000.(2)In March of the following fiscal year, the $350 owed by Fronk Co. on account is written off asuncollectible.(3)Eight months later, $200 of the Fronk Co. account is reinstated and payment of thatamount is received.(4)In October, $400 is received on the $600 owed by Dodger Co. and the remainder is written off asuncollectible.(b)Based on the data in (a)⑴ above, what is the net realizable value of the accounts receivable asreported on the balance sheet as of December 31?(c)Assuming that the business had been following the direct write-off procedure in accounting foruncollectible receivables, journalize the entries to record the following:(1)Recorded the write-off of account of Fronk Co. [(a) (2) above].(2)Reinstated account of Fronk Co. for $200 and recorded payment of that amount received [(a) (3)above].(3)Recorded the receipt of $400 from Dodger Co. in (a) (4) above and wrote off the remainder owedas uncollectible.2.Watson Company issued a 60-day, 8% note for $18,000, dated April 5, to Laker Company on account.(Assume a 360-day year when calculating interest.)(a)Determine the due date of the note.(b)Determine the maturity value of the note.(c)Journalize the entries to record the following:(1)receipt of the note by the payee, and(2)receipt by the payee of the amount due on the note at maturity. Round answers to the nearest$1.答案：1、(a)⑴Uncollectible Accounts Expense Allowance forDoubtful Accounts 18,60018,600(2) Allowance for Doubtful Accounts 350Accounts Receivable-Fronk Co 350 ⑶Accounts Receivable-Fronk Co 200Allowance for Doubtful Accounts 200Cash 200Accounts Receivable-Fronk Co 200 (4) Cash 400Allowance for Doubtful Accounts 200Accounts Receivable-Dodger Co 600(b) $782,000 ($800,000 - $18,000)(c)⑴Uncollectible Accounts ExpenseAccounts Receivable-Fronk Co 350350(2) Accounts Receivable-Fronk Co 200Uncollectible Accounts Expense 200Cash 200Accounts Receivable-Fronk Co 200 ⑶Cash 400Uncollectible Accounts Expense 200Accounts Receivable-Dodger Co 600 2、(a) June 4(b) $18,240(c) Note Receivable-Watson CoAccount Receivable-Watson Co Cash18,240Note Receivable-Watson Co 18,000Interest Revenue240Chap10Getco Co. has a sales representative who must travel a substantial amount. A car for this purpose was acquired January 2 four years ago at a cost of $20,000. It is estimated to have a total useful life of 4 years or 100,000 miles and no re-sidual value.Instructions:(1) Record the annual depreciation on Getco s car at the end of the first and third years of ownership using the straight-line method and a December 31 year end.(2) Record the annual depreciation on Getco s car at the end of the first and third years of ownership using the double-declining-balance method and a December 31 year end.(3) Record the annual depreciation on Getco s car at the end of the first and third years of ownership using the units-of-production method, assuming no residual value, and using a December 31 year end. The car was driven 35,000 miles in the first year and 28,000 miles in the third year.答案：(1) Dec. 31 Depreciation Expense —Automobile .............. 5,000* Accumulated Depreciation —Automobile ............ 5,000 *($20,000/4)Dec. 31 Depreciation Expense —Automobile ....................... 5,000 Accumulated Depreciation —Automobile ............ 5,000 (2) Dec. 31 Depreciation Expense —Automobile ..................... 10,000* Accumulated Depreciation —Automobile ............ 10,000 *($20,000 x 50%)Dec. 31 Depreciation Expense —Automobile ..................... 2,500* Accumulated Depreciation —Automobile ............ 2,500 *[($20,000 - $10,000 - $5,000) x 50%](3) Dec. 31 Depreciation Expense —Automobile .............. 7,000* Accumulated Depreciation —Automobile ...... 7,000 *(35,000 miles x $0.20) Dec. 31 Depreciation Expense —Automobile ..................... 5,600* Accumulated Depreciation —Automobile ...... 5,600 *(28,000 milesx $0.20)Chapter 11 —Current Liabilities and Payroll1.On January 2nd, Premier Sales borrows $13,500 cash on a note payable from Trusted Lenders with terms 90 days, 12%. Premier Sales and Trusted Lenders uses a 360-day year for interest calculations. Premier Sales makes adjusting entries at the end of each calendar quarter. Journalize the initiation of the loan, the recognition of interest expense for the quarter and the payment of the note on its due date.2.On August 1, Batson Company issued a 60-day note with a face amount of $120,000 to Jergens Company for merchandiseinventory. (Assume a 360-day year is used for interest calculations.)a. Determine the proceeds of the note assuming the note carries an interest rate of 6%.b.Determine the proceeds of the note assuming the note is discounted at 6%.答案：1. ANS:18,00018,000April 2 Calculations: $13,500x12%x (2/360 days) = $92. On August 1, Batson Company issued a 60-day note with a face amount of$120,000 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.)Determine the proceeds ofthe note assuming the note carries an interest rate of6%. Determine the proceeds ofthe note assuming the note is discounted at 6%. $120,000$118,800$120,000-($120,000 6% 60/360)A company had stock outstanding as follows during each of its first three years of operations:2,500 shares of$10, $100 par, cumulative preferred stock and 50,000 shares of$10 par common stock.The amounts distributed as dividends are presented below. Determine the total and per share dividends for each class of stock for each year by completing the schedule.Preferred Common2. On May 1, 10,000 shares of$10 par common stock were issued at $30, and on May 7, 5,000 shares of$50 par preferred stock were issued at$111. Journalize the entries for May 1 and May 7.3. A corporation purchased for cash 5,000 shares of its own $10 par common stock at $26 a share. In thefollowing year, it sold 2,000 of the treasury shares at $29 a share for cash.(a) Journalize the entries to record the purchase (treasury stock is recorded at cost).Journalize the entries to record the sale of the stock.a. Ib. I2.ANS:a. b. Chap 121. .Year 1 2 3Dividends$10,000 25,00060,000Total Per Share Total Per Share (b)。
会计英语期末复习
会计英语期末复习一、判断题20题20分二、多项选择题10题20分三、名词解释5题15分四、汉译英20题20分五、会计实践操作25分名词解释1、A ccounting （会计）P3Accounting is an information system that identifies, records, and com muni cates releva nt, reliable, and comparable in formati on about an orga ni zati on 'bus in ess activities that can be expressed in mon etary terms.2、A ccrual Basis Accounting （权责发生制）P183、L iability （负债）P148Liabilities are defi ned as probable future sacrifices of econo mic ben efits arising from present obligations of a particular entity to transfer assets or provide services to other en tities in the future as a result of past tran sact ions or eve nts4、C apital Expenditure （资本性支出）P29Capital expe nditure are expe nditures expected to yield ben efits bey ond the curre nt acco unting period, that is, have future cash flows , and thus should be added to the pla nt and equipme nt or capital asset acco unt.5、M atchi ng prin ciple （配比原则）P26Matchi ng refers to the tim ing of recog niti on of reve nues and expe nses in the in come stateme nt. Un der this con cept, all expe nses in curred in earning reve nue should be recog ni zed in the same period the reve nue is recog ni zed.6、Substanee Over Form （实质重于形式）P3oSubsta nee over form requires that tran sacti ons and other eve nts are accounted for and presented in accordance with their substance and economic reality and not merely their legal form.汉译英真实性和公允性truth and fairness收付实现制cash basis of acco unting持续经营假设going concern assumpti on谨慎性原贝V con servatism资本性支出capital expe nditures配比原贝V matchi ng prin ciple临时性账户temporary acco unt经营成果operat ing results盈余公积surplus reserve 未分配利润un distributed profit银行对账单bank stateme nt应付票据no tes payable实质重于形式substa nee over form 货币计量假设mon etary un it assumpti on重要性原则materiality可变现净值net realizable value完工百分比法perce ntage-of-completi on method 会计主体假设separate en tity assumpti on交易与事项transactions and eve nts会计分期假设acco unting period assumpti on 会计循环acco un ti ng cycle多选题1.会计信息外部使用者有哪些？Suppliers, regulators, lawyers, brokers, the in vestors , le nders, non-executive directors2.资产负债表的构成项目（资产，负债，所有者权益）Assets, liabilities, owners 'equity3.现金流量表的构成项目（经营，投资，筹资）Operating, investing , financing activities4 •所有者权益变动表In vestors, capital reserve, surplus reserve,reta ined5.应收款项的分类Acco unts receivable, no tes receivable, other receivable6.存货的计价方法Specific ide ntificati on, average cost, first-i n first-out7.制造业企业存货的构成Raw materials, good in process of manufacture, fini shed goods8.固定资产折旧的方法press shareholders /un distributed profit first-out, last-i n6。
会计英语期末总复习
会计英语期末总复习会计英语单元题第⼀章Answer of these questions appears at the end of lesson cases.1.Which of the following statements is false?____A____.A.The partnership form of business organization protects the personal assets ofthe owners from creditors of the businessB. A proprietorship has a single ownerC.Accounting is the information system that measures business activities,processes that information into reports, and communicates the results to decision makersD.The FASB determines how accounting is practiced in the United States2.The primary objective of financial reporting is _______C_.A.to present information in an ethical mannerB.to provide information to the federal governmentC.to provide information useful for investment and lending decisionsD.to provide information useful to managers in making daily decisions3.The principle or concept that holds that an entity will remain in operation for the foreseeable future is the_____A____.A.going-concern conceptB.stable-monetary-unit conceptC.reliability principleD.cost principle4.Which of the following statements is true?___B_____.A.Revenues are assets because they represent economic benefitsB.Assets are economic resources that are expected to benefit future periodsC.The accounting equation can be stated as Assets +Liabilities =Owner’s EquityD.Liabilities are economic obligations to insiders5.Aftin Co. performed services on account. When Aftin collects the account receivable, ____B____.A.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decrease6.Which of the following trans actions would not affect ower’s equity?___A_____.A.Payment of an account payableB.Payment of salary expenseC.Service provided on accountD.Withdrawal of cash by owner7.An income statement reports___D______.A.The assets, liabilities, and owner’s equity on a pattic ular dateB.the change in the owner’s capital during the periodC.the cash receipts and cash payments during the periodD.the difference between revenues and expenses during the period8. If assets increase $80000 during the period and owner’s equity decreases $16000during the period, liabilities must have___B______.A. increased $64000B. increased $96000C. decreased $64000 \D. decreased $960009.The following information about the assets and liabilities at the end of 20*1 and 20*2 is given below: 20*1 20*2Assets $75000 $90000Liabilities 36000 45000If net income was $15000 and there were no withdrawals, how much did the owner invest____A___.A.$ 4500B.$ 6000C.$ 45000D.$ 4350010.The amount of net income shown on the income statement also appears on the ______C__.A. statement of financial positionB. balance sheetC. statement of owner’s equityD. statement of cash flows第⼆章1.Which of these is (are) an example of an asset account? ___C___A.Service RevenueB.WithdrawalsC.SuppliesD.All of the above2.Traylor Company paid $ 2 850 on account. The effect of this transaction on the accounting equation is to __D___.A.Decrease assets and d ecrease owner’s equityB.Increase liabilities and decrease owner’s equityC.Have no effect on total assetsD.Decrease assets and decrease liabilities3.Which of these statements is false? __A____.A.Increase in assets and increase in revenues are recorded with a debitB.Increase in liabilities and increases in owner’s equity are recorded with acreditC.Increase in both assets and withdrawals are recorded with a debitD.Decreases in liabilities and increases in expenses are recorded with a debit4.Not Payable has a normal beginning balance of $ 30 000. During the period, new borrowings total $ 63 000 and the ending balance in Notes Payable is $ 41 000. Determine the payments on loans during the period. __B___.A.$ 74 000B.$ 52 000C.$ 134 000D.Cannot be determined from the information given5.Which of these statements is not correct? __C___.A.The account is a basic summary device used in accountingB. A business transaction is recorded first in the journal and then posted to de ledgerC.The ledger is a chronological listing of all transactionsD.The debit entry is recorded first in a journal entry , then the credit entry6.Which of these accounts has a normal debit balance? ___D___.A.Rent ExpenseB.WithdrawalsC.Service RevenueD.Both A and B have a normal debit balance7.The journal entry to record the collection of $ 890 from a customer on account is ___B___.A. Accounts Payable 890Cash 890B. Cash 890Account Receivable 890C. Cash 890Accounts Payable 890D. Cash 890Service Revenue 8908.The ending Cash account balance is $ 57 600. During the period, cash receiptsequal $ 124 300. If the cash payments during the period total $ 135 100, then the beginning Cash amount must have __A____.A.$ 68 400B.$ 46 800C.$ 181 900D.Cannot be determined from the information given/doc/a3961252.htmle the following selected information for the Alecia Company to calculate thecorrect credit column total for a trial balance ___C___.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 000B.$ 137 100C.$ 265 000D.$ 74 50010.Which of the following statements is correct? ____D___.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 debitor creditC.The ledger is maintained in chart-of-accounts orderD.Both B and C are correct第三章1.When should revenue be recorded under the accrual-basis and cash-basis ofaccounting? ____D___Accrual-Basis Cash-BasisA.When received When the service is performedB.When the service is performed When the customer is billedC.When the customer is billed When receivedD.When the service is performed When received2.During 20*4, Bustamante Co. incurred salary expense of $240,000.Begining andending Salary Payable was $4,000 and $ 8,000 , respectively. In 20*4,Bustamante paid salaries of ____C___A.$ 248,000B.$ 240,000C.$ 236,000D.$244,0003.During 20*4, Bustamante received $ 600,000 for service revenue. Bustamante hasnot received $ 30,000 for service already performed in 20*4, Bustamante also invested $ 20,000 into the business. Bustamante should report service revenue for 20*4 of ____D___A.$ 550,000B.$570,000C.$580,000D.$630,0004.Recording an expense when it is paid instead of when incurred is a violation of____C___A.The matching principleB.The time period conceptC.The reliability conceptD.The revenue principle5.On July 31, $3,600 is paid for a one-year insurance policy. On December 31,theadjusting entry for prepaid insurance would include ____C___A.a debit to Insurance Expense, $ 3,600B.a credit to Prepaid Insurance, $ 3,600C.a debit to Insurance Expense, $ 1,500D.a credit to Prepaid Insurance, $ 1,5006. Failure to record an adjusting entry for an accrued expense , will result in the following____B___Liabilities Net IncomeA. no effect understateB. understate overstateC. overstate understateD. understate no effect7. An adjusting entry could contain all of the following except___B___A. a debit to Unearned RevenueB. a credit to CashC. a debit to Interest ReceivableD. a credit to Salary Payable8. The 20*3 income statement showed Rend Expense of $ 6,100. The related balance sheet account, Prepaid Rent, had a beginning balance of $ 1,400 and a ending balance of $ 1,200. The amount of cash paid for rent during 20*3 is (D )A. $ 6,100B. $ 1,200C. $ 6,300D. $ 5,9009. Refer to Exhibit 3-2. The credit column of the adjusted trial balance should total ___C___A. $ 45,300B. $ 49,300C. $ 49,500D. $ 51,10010. Refer to Exhibit 3-2.Assume the net income is $ 8,000. The ending balance of Lemon, Capital should be ___A__A. $ 17,600B. $ 15,600C $ 13,600D. $ 2,000第四章1.which of the following statements best describes the purpose of internal control ? __C____A. To provide assurance that the entire business operates in accordance with management ’s plans and policiesB To prevent fraudC. To ensure that expenses and cash outlays are held to a minimumD. To provide adequate subdivision of duties within the organizationThe Data Co. has asked you to assist in the preparation of a bank reconciliation at the end of July. Answer questions 2-4 using the following code letters to indicate how the item described would be reported on the bank reconciliation.a.Add to the book balanceb.Add to the bank balancec.Deduct from the bank balanced.Deduct from the book balancee.Dose not belong to the bank reconciliation2. Note and interest collected by the bank of the company ,$500(plus $25 interest).____A__3. Deposit in transit ,$400___B___4. Check No.662 for which should have been written for $730 was incorrectly recorded by the bank as $370.____C__.5 If a bank reconciliation include an NSF check for $45, the journal entry to record this reconciliation item would include___A___.A.credit to CashB.debit to CashC.credit to Accounts ReceivableD.no entry is required6. All of the following are controls over cash received in a store except ____C___.A. the clerk should have access to the cash register tape to make corrections when necessaryB. the customer should be able to see the amounts entered into the registerC it should be a requirement that a receipt be given to the customerD. the cash drawer should open only when the sale clerk enters an amount on the keys7. Which of the following statements related to receivables is true ? ___C___A. On the balance sheet , accounts receivable are usually reported as total accounts receivable plus the allowance for uncollectible accountsB A dishonored notes receivable should be shown as a current liabilityC. When a notes receivable is not paid at maturity, the principal plus any interest due should be charged back to the cus tomer’s accounts receivableD When a customer overpays his accounts receivable ,the resulting balance should be properly shown among the long-term (noncurrent) assets on the balance sheet8. Cox Company began the month of July with a balance in Accounts Receivable of $51600.During July , Cox reported cash sales of $50000, credit sales on account of $228000, collections from customers on account , $201400 , and write-offs of $750.Uncollectibe-Account expense for July was estimated to be 1% of credit sales . The balance in Account Receivable on July 31 is ___A____.A. $ 77450B $ 75170C. $ 75920D $ 80550accounts receivable ).___D___.A. 41 daysB. 11 daysC. 33 daysD. 37 days10. Refer to Exhibit 4-1. Compute the acid-test ratio ___B____.A. 0.31B 0.57C. 0.13D. 0.27第五章1.The weighted average for the year inventory cost flow methostd is applicable towhich of the following inventory systems? ___B____.Periodic PerpertualA. Yes YesB. Yes NoC. No YesD. No No2.The LIFO inventory cost flow method may be applied to which of the following inventory systems? ___C____.Periodic PerpertualA. No NoB. No YesC. Yes YesD. Yes No3.Crow Company bagan a year and purchased merchandise as follows:Jan.1 Beginning inventory 40 units @ $ 17.00Feb.4 Purchased 80 units @ $ 16.00May.12 Purchased 80 units @ $ 16.50Aug.9 Purchased 60 units @ $ 17.50Nov.23 Purchased 100 units @ $ 18.00The company uses a periodic inventory system and the ending inventory consists of 60 units ,20 from each of the last three purchases. Determine the ending inventory assuming costs are assigned on a weighted-average basis. ___D____A.$1000.00C.$1040.00C.$1080.00D.$1022.004.A Company uses a periodic inventory system and made an error at the end of year I that caused its year I ending inventory to be understated by $ 5000.What effect does this error have on the company’s financial statements? ___A___/doc/a3961252.htmlincome is understated;assets are understated/doc/a3961252.htmlincome is understated;assets are overstated/doc/a3961252.htmlincome is overstated;assets are understated/doc/a3961252.htmlincome is overstated;assets are overstated5.ABC Company estimates the cost of its physical on June 30,20*2 for use in an interim financial statement.The rate of markup on cost is 25%.The following account balances are available:Inventory,March 31,20*2 $150000Purchases 86000Purchases returns 4000Sales during the second quarter of 20*2 190000The estimate of the cost of the inventory on June 30 would be ___C____.A.$80000B.$88000C.$89500D.$1845006.Which of the following factors would not be considered in the selection of LIFO as an inventory costing method?___C____.A.Tax benbefitsB.MatchingC.Physical flowD.Improved cash flow7.Which of the following methods of inventory valuation is allowable at interim dates but not at year-eng? __B____A.Weighted averageB.Estimated gross profit ratesC.Retail methodD.Specific identication8.Dart Company’s accounting records indicated the followi ng information: Inventory,1/ 1/20*2 $ 500000Purchases during 20*2 2500000Sales during 20*2 3200000A physical inventory taken on December 31,20*2,resulted in an ending inventory of $ 575000.Dart’s gross profit on sales has remained constant at 25% in recent years.Dart suspects some inventory may have been taken by a new employee.At December 31,20*2,what is the estimated cost of missing inventory? __A____A.$ 25000B.$ 100000C.$ 175000D.$ 2250009.Which of the following is not affected by the inventory valuation method used by a business? __C____A.Amounts owed for income taxesB.Cost of merchandise soldC.Amounts paid to acquire merchandise/doc/a3961252.htmlincome of the business10.Under the retail inventory method,freight-in would be included in the calculation of the goods available for sale for which of the following? __C____Cost RetailA. No NoB. No YesC. Yes NoD. Yes Yes会计英语业务题1.The following selected transactions were completed by Castell Delivery SeeviceduringNovember :(1) Received cash from owner as additional investment , $20 000(2) Paid advertising expense , $ 520(3) Purchased supplies of gas and oil for cash $ 780(4) Received cash from cash customers , $ 1 500(5) Charged customers for delivery services on account , $ 2 100(6) Paid creditors on account , $ 470(7) Paid rent for November , $ 1 000(8) Received cash from customers on account , $ 1 810(9) Paid cash to owner for personal use , $ 900(10) Determined by taking an inventory that $ 650 of supplies of gas and oil hadbeen used during the monthIndicate the effect of each transactions on the accounting equation by listing the numbers identifying the transactions , (1) through (10) ,in a vertical column , and inserting at the right of each number the appropriate letter from the following list :(a)Increase in one asset , decrease in another asset(b)Increase in an asset , increase in a liability(c)Increase in an asset , increase in capital(d)Decrease in an asset , decrease in a liability(e)Decrease in an asset , decrease in capital2.Prepare the following columnar form . Then enter the word debit or credit in eachof the last three columns to indicate the action necessary to increase the account , to indicate the action necessary to decrease the account , and to show the normal3.Ora Company’s two employees each earn $ 90 per day for a four day week thatbegains on Monday and ends on Thursday . They were paid for the week ended Thursday , December 27 and both worked a full day on Monday , December 31 .January 1 of the next year was an unpaid holiday ,but the employees all worked on Wednesday and Thursday , Journalize the year-end adjusting entry to record the accrued wages and the entry to pay the employees on January 3 .4. Botello Company began operations on January 1,20×2. During the next two years , the company completed a number of transactions involving credit sales, accounts receivable collections ,and bad debts. These transactions are summarized as follows :20×2a . Sold merchandise on credit for $54 500, terms n/60.b. Wrote off uncollectible accounts receivable in the amount of $850.c. Received cash of $45100 in payment of outstanding accounts receivable.d. In adjusting the accounts on December 31 , concluded that 2% of the outstandingaccounts receivable would become uncollectible .20×3e. Sold merchandise on credit for $ 67 800, terms n/60.f. Wrote off uncollectible accounts receivable in the amount of $1280.g. Received cash of $65 900 in payment of outstanding accounts receivable , Inadjusting the accounts on December 31 , concluded that 2% of the outstanding accounts receivable would become uncollectibleRequired:Prepare general journal entries to record the 20×2 and 20×3 summarized transactions of Botello Company and the adjusting entries to record bad debts expense at the end of each year,5. The following information is available for Carson ,Inc. for 20×2:Freight-in $20 000 Purchase returns 70 000Selling expenses 200 000Ending inventory 80 000The cost of goods sold is equal to 600 percent of selling expenses.:Required:Calculate the cost of goods available for sale.6.The accounting records of Classic Stores provides the following information for 20×2Beginning inventory $120 000 Purchases 790 000 Transportation-in 45 000Purchases discounts 15 000 Purchases returns and allowances 10 000 Ending inventory 130 000 Requireda.Calculate the inventory turnover ratio for 20×2 .b. If asked by management, how would you interpret the ratio that you calculated?1.posting2.revenues3.cash flow statement4.GAAPs5.chart of accounts6.debit and credit rules7. accrual accounting8. depreciation9. trial balance10.retailers11.perpetual inventory system12.liquidity1.Please state the types of accountants.2.What are the transaction recorded using debits？3.What are the steps in closing？4. Please tell us what about vouchers.5.How to account for sales using net method？6.What are the objectives of cash management？Answers1.2.3.4.5.6. In the double-entry accounting system, every transaction is recorded by equal dollar amounts of debits and credits.7.8.9.10.11.12.1.2.3.4.5.6.。
会计英语复习资料
会计英语复习资料一．汉译英练习1.会计原则是每个会计人员在进行工作时必须遵守的规则。
2.编制会计分录是在会计期间经常要做的工作。
3.编制工作底稿是每个会计期末要做的工作。
4.实账户是负债表账户。
在月末，它们的余额应不被结平，而转入下一期。
5.虚账户是利润表账户。
在月末，它们的余额应结平，以便用来记录下一期的经营成果。
6.这个月费用很大，我们要查一下原因，分析一下有关经济业务。
7.如果销售商品时，若客户没有付现金，则这种销售被称为赊销。
8.赊销时，卖方会对卖方提出付款条件，这个条件被称为信用条件。
9.固定资产每月都必须计提折旧。
10.无形资产每月计提摊销。
11.企业外部的许多人关心企业的财务信息，而及时提供财务信息给他们是会计的工作。
12.财务报表是人们进行经营决策的依据之一。
13.我们必须准备足够的资金，这笔贷款下个月到期。
14.调整分录与结账分录必须计入日记账和分类账，否则账上的余额会与报表上数额不符。
15.在西方会计中，股份公司的权益科目与独资企业的权益科目是不同的。
16.销售商品的收入常被称为是销售收入。
17.本年利润是用于计算利润的账户，他与其他损益类科目一样，年末，都要被结平。
18.请给我看一下有关这个月应缴的税费的数据二．会计专业词汇练习会计词汇辨析（）Dividends （）Cash（）Inventory （）Accumulated depreciation（）Accounts receivable （）Interest payable（）Income taxes payable （）Owner’s capital（）Retained earnings （）Closing entry（）Journalizing （）Administrative expenses（）Cost of goods sold （）Net income（）Business transaction （）Unearned revenues（）Ending balance （）Financial expenses（）Prepaid expenses （）operating results（）Withdrawals （）Sales( ）Allowance for bad accounts （）Common stock（）Office supplies inventory （）long-term bonds investments （）Accounts payable （）Cash basis accounting （）Office equipments （）Posting（）Beginning balance （）Business transaction（）Trial balance （）Financial statements（）Selling expenses. （）Financial position（）Marketable securities ( ) paid in capital( ) operating equipments （）Notes payable( ) Short term investment ( ) Gain（）Extraordinary items （）Finished products（）Salary expenses （）Interest receivable（）Accrual basis accounting （）Income statements（）Adjusting entry （）Intangible assets( ) Source documents ( ) Gross sales( ) Purchase ( ) Fixed assets1.期末余额28. 坏账准备2.应付所得税29. 应收账款3.销售费用30. 主营业务收入4.业主资本31. 经营成果5.主营业务成本32 管理费用6.应付利息33 存货7.留存收益34 调整分录8.预收账款35 结账分录9.累计折旧36 权责发生制10.经济业务37 应付票据11.财务报表38 编制分录12.试算平衡39. 期初余额13.现金收付制40. 应付账款14.财务费用41. 净利润15.普通股42. 财务状况16.营业外收支项目43. 过账17.应收利息44 办公用品库存18.实收资本45. 办公设备19.库存46. 股利20.经营设备47. 业主提取21.利得48. 产成品22.待摊费用49. 交易性金融资产23.长期债券投资50. 短期投资24.无形资产51. 工资费用25.生产设备52销售总额26.原始凭证53 固定资产27.采购54. 工资费用三．英译汉１．Revenue is the price of goods sold and services rendered during a given accounting period. Earning revenue causes owner’s equity to increase. When a business renders services of sells merchandise to its customers, it usually receives cash or acquires an account receivable from the customer.２．To clearly identify the effects of the business operations on each of the accounting elements, it is necessary to transfer those records from journal to each corresponding books used for recording different accounting element. This transfer process is called “posting”.３．The journal is a day-by-day record of business transactions. The information recorded about each transaction includes the date of the transaction, the debit and credit changes in specific ledger accounts, and a brief explanation of the transaction.４．The things a business owns can be classified into five categories, which also called accounting elements, they are: assets, liabilities, owners' equity, revenues, and expenses. Every business transaction of the business may affect more than one of the above elements。
AccountingBasics英语会计基础教学课件期末复习共21页文档
Straight line (based on years of useful life) Units of production (based on units of useful life) Diminishing (or reducing) balance
How do the chapters fit together?
ASSETS
Chapter 6 - Inventories
Cash Inventories
Chapter 7 - Accounting information systems Chapter 8 - Internal control and cash
Share capital, dividends & retained earnings
FINANCIAL STATEMENT ANALYSIS
Analysing financial statements
What about these topics?
CASH FLOW STATEMENTS
BUDGETING
Budgeting is a basic life skill! Also important for all business/commerce majors, not just accounting.
Overview | ASSETS ~ Cash
What’s the problem with cash from a business point of view?
The amount of the estimate for each year is recorded as an adjustment to the Warranty Provision account
精选会计专业英语期末考试练习卷.docx
1.The economic resources of a business are called: BA.Owner’ s EquityB.AssetsC.Accounting equationD.Liabilities2.DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made onJanuary 20 by DTK Company to record this transaction includes: DA. A debit to the cash receivable account of $2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at:AA.Face value.账面价值B.Current value.现值C.Market value.市场价值4.Each of the following measures strengthens internal control over cash receiptsexcept : DA.The use of a voucher system.B.Preparation of a daily listing of all checks received through the mail.C.The deposit of cash receipts intact in the bank on a daily basis.D.The use of cash registers.5.Which of the following items is the greatest in dollar amount? DA.Beginning inventoryB.Cost of goods sold.C.Cost of goods available for saleD.Ending inventorydo companies prefer the LIFO inventory后进先出法method during a period of rising prices? BA. Higher reported incomeB.Lower income taxesC.Lower reported incomeD.Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment?DA.IntangibleB. Unlimited lifeC.Being sold in its useful lifeD.Not capable of rendering benefits to the business in the future.8. Which account is not a contra-asset account? BA.Depreciation ExpenseB.Accumulated DepletionC.Accumulated DepreciationD.Allowance for Doubtful Accounts9. What are the two factors that make ownership of an interest in a general partnership particularly risky?AA.Mutual agency and unlimited personal liabilityB.Limited life and unlimited personal liability.C.Limited life and mutual agency.D.Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in thedaily management of the business? DA. General partnersB. Limited liability partnersC. Sole proprietors个体经营者D. Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA.Help their analysis of financial statementsB.Help their understanding of financial statementsC.Help their checking of financial statements.D.All of the above12.The current liabilities are $30 000, the long-term liabilities are $50 000,and the total assets are $240 000. What is the debt ratio? CA.B.C.13. The horizontal analysis is used mainly to AA.Analyzing financial trendsB.Evaluating financial structureC.Assessing the pat performancesD.Measuring the term-paying ability14. Among the following ratios, which is used for long-term solvency analysis?长期偿债能力分析AA. Current ratio流动比率B.Times-interest-earned ratioC.Operating cycleD.Book value per share15. A profit-making business that is a separate legal entity and in which ownershipis divided into shares of stock is known as a DA. Sole proprietorship个体独资公司B. Single proprietorshipC. Partnership合伙公司D. Corporation股份有限公司一、名词解释(10分 )(1)Journal entry：日记账 Journal entry is a logging of transactions into accountingjournal items. It can consist of several items, each of which is either a debit or acredit.The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced".Journal entries can record unique items or recurring items such as depreciation or bond amortization.(2)Going concern：持续经营 The company will continue to operate in the near future,unless substantial evidence to the contrary exists.(3)Matching principle：一致性原则(4)Working capital：营运资金(5)Revenue expenditure：收入费用二、会计业务（共 35 分）1.On December 1, ME Company borrowed $250 000 from a bank, and promise to repaythat amount plus 12% interest (per year) at the end of 6 months.(1)Prepare the general journal entry to record obtaining the loan from thebank on December 1.(2)Prepare the adjusting journal entry to record accrual of the interest payableon the loan on December 31.(3) Prepare the presentation of the liability to the bank on ME’ s December balancesheet.Answer:(1)Debit: cash $250000Credit: current liabilities $250000(2) Debit:Accrual Expense $5000不确定Credit: Interest Payable $5000(3) P392.The following information relating to the bank checking account is available forMusic Hall at July 31:Balance per bank statement at July 31$20 0000 Balance per depositor’ s records18 860 Outstanding checks 2 000 Deposits in transit800 Service charge by bank60 Prepare a bank reconciliation银行对账工作fro Music Hall at July 31.Answer:P423.Please prepare the related entries according to the following accounting events.1)Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of this amount,$200,000 remains uncollected at December 31. The credit manager estimates of these sales will be uncollectible. Please prepare the adjusting entry estimated uncollectible.that $12,000 to record the2)On March 1, 2003 the manager of finance of Healy Furniture authorizes a write-offof the $500 balance owed by Nick Company. Please make the entry to record the write-off.3)On July 1, Nick Company paid the $500 amount that had been written off on March1.Answer:(1) Debit: Uncollectible Accounts Expense坏账损失$12000Credit: Allowance for Doubtful Accounts坏账准备$12000(2)Debit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3)Debit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500Debit: Cash $500Credit: Accounts Receivable $500四、英译汉（ 40 分）(1) Accounting principles are not like physical laws; they do not exist in nature,awaiting discovery man. Rather, they are developed by man, in light of what we consider to be the most important objectives of financial reporting. In many ways generallyaccepted accounting principles are similar to the rules established for anorganized sport such as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。
会计专业英语复习资料
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。
会计英语期末总复习
会计英语单元题第一章Answer of these questions appears at the end of lesson cases.Which of the following statements is false?____A____.The partnership form of business organization protects the personal assets of the owners from creditors of the businessA proprietorship has a single ownerAccounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makersThe FASB determines how accounting is practiced in the United StatesThe primary objective of financial reporting is _______C_.to present information in an ethical mannerto provide information to the federal governmentto provide information useful for investment and lending decisionsto provide information useful to managers in making daily decisionsThe principle or concept that holds that an entity will remain in operation for the foreseeable future is the_____A____.going-concern conceptstable-monetary-unit conceptreliability principlecost principleWhich of the following statements is true?___B_____.Revenues are assets because they represent economic benefitsAssets are economic resources that are expected to benefit future periodsThe accounting equation can be stated as Assets +Liabilities =Owner’s EquityLiabilities are economic obligations to insidersAftin Co. performed services on account. When Aftin collects the account receivable, ____B____. assets increaseassets do not changeowner’s equity decreasesliabilities decreaseWhich of the following transactions would not affect ower’s equity?___A_____.Payment of an account payablePayment of salary expenseService provided on accountWithdrawal of cash by ownerAn income statement reports___D______.The assets, liabilities, and owner’s equity on a patticular datethe change in the owner’s capital during the periodthe cash receipts and cash payments during the periodthe difference between revenues and expenses during the period8. If assets increase $80000 during the period and owner’s equity decreases $16000 during the period, liabilities must have___B______.A. increased $64000B. increased $96000C. decreased $64000 \D. decreased $960009.The following information about the assets and liabilities at the end of 20*1 and 20*2 is given below:20*1 20*2Assets $75000 $90000Liabilities 36000 45000If net income was $15000 and there were no withdrawals, how much did the owner invest____A___.$ 4500$ 6000$ 45000$ 4350010.The amount of net income shown on the income statement also appears on the ______C__.A. statement of financial positionB. balance sheetC. statement of owner’s equityD. statement of cash flows第二章Which of these is (are) an example of an asset account? ___C___Service RevenueWithdrawalsSuppliesAll of the aboveTraylor Company paid $ 2 850 on account. The effect of this transaction on the accounting equation is to __D___.Decrease assets and decrease owner’s equityIncrease liabilities and decrease owner’s equityHave no effect on total assetsDecrease assets and decrease liabilitiesWhich of these statements is false? __A____.Increase in assets and increase in revenues are recorded with a debitIncrease in liabilities and increases in owner’s equity are recorded with a creditIncrease in both assets and withdrawals are recorded with a debitDecreases in liabilities and increases in expenses are recorded with a debitNot Payable has a normal beginning balance of $ 30 000. During the period, new borrowings total $ 63 000 and the ending balance in Notes Payable is $ 41 000. Determine the payments on loans during the period. __B___.$ 74 000$ 52 000$ 134 000Cannot be determined from the information givenWhich of these statements is not correct? __C___.The account is a basic summary device used in accountingA business transaction is recorded first in the journal and then posted to de ledgerThe ledger is a chronological listing of all transactionsThe debit entry is recorded first in a journal entry , then the credit entryWhich of these accounts has a normal debit balance? ___D___.Rent ExpenseWithdrawalsService RevenueBoth A and B have a normal debit balanceThe journal entry to record the collection of $ 890 from a customer on account is ___B___.A. Accounts Payable 890Cash 890B. Cash 890Account Receivable 890C. Cash 890Accounts Payable 890D. Cash 890Service Revenue 890The ending Cash account balance is $ 57 600. During the period, cash receipts equal $ 124 300. If the cash payments during the period total $ 135 100, then the beginning Cash amount must have __A____.$ 68 400$ 46 800$ 181 900Cannot be determined from the information givenUse the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance ___C___.Accounts receivable $ 7 200Accounts payable 6 900Building 179 400Cash 15 800Capital 64 000Insurance expense 6 500Salary expense 56 100Salary payable 3 600Service revenue 190 500$ 201 000$ 137 100$ 265 000$ 74 500Which of the following statements is correct? ____D___.The chart of accounts is a list of all accounts with their balancesThe trial balance is a list of all accounts with their balances, divided as debit or creditThe ledger is maintained in chart-of-accounts orderBoth B and C are correct第三章When should revenue be recorded under the accrual-basis and cash-basis of accounting? ____D___Accrual-Basis Cash-BasisA.When received When the service is performedB.When the service is performed When the customer is billedC.When the customer is billed When receivedD.When the service is performed When receivedDuring 20*4, Bustamante Co. incurred salary expense of $240,000.Begining and ending Salary Payable was $4,000 and $ 8,000 , respectively. In 20*4,Bustamante paid salaries of ____C___A.$ 248,000B.$ 240,000C.$ 236,000D.$244,000During 20*4, Bustamante received $ 600,000 for service revenue. Bustamante has not received $ 30,000 for service already performed in 20*4, Bustamante also invested $ 20,000 into the business. Bustamante should report service revenue for 20*4 of ____D___A.$ 550,000B.$570,000C.$580,000D.$630,000Recording an expense when it is paid instead of when incurred is a violation of ____C___A.The matching principleB.The time period conceptC.The reliability conceptD.The revenue principleOn July 31, $3,600 is paid for a one-year insurance policy. On December 31,the adjusting entry for prepaid insurance would include ____C___A.a debit to Insurance Expense, $ 3,600B.a credit to Prepaid Insurance, $ 3,600C.a debit to Insurance Expense, $ 1,500D.a credit to Prepaid Insurance, $ 1,5006. Failure to record an adjusting entry for an accrued expense , will result in the following____B___Liabilities Net IncomeA. no effect understateB. understate overstateC. overstate understateD. understate no effect7. An adjusting entry could contain all of the following except___B___A. a debit to Unearned RevenueB. a credit to CashC. a debit to Interest ReceivableD. a credit to Salary Payable8. The 20*3 income statement showed Rend Expense of $ 6,100. The related balance sheet account, Prepaid Rent, had a beginning balance of $ 1,400 and a ending balance of $ 1,200. The amount of cash paid for rent during 20*3 is (D )A. $ 6,100B. $ 1,200C. $ 6,300D. $ 5,900Exhibit 3-2Lemon Car RentalTrial BalanceDecember 31, 20x4AccountDebitCreditCash$7,450Prepaid insurance1,600Equipment19,000Accumulated depreciation $4,200Accounts payable5,000Lemon , capital15,600Withdrawals6,000Rental revenue23,400Insurance expense7,000Salary expense4,000Repair expense3,150Total$48,200$48,200Adjusting entries include(1)Prepaid insurance used1,600(2)Depreciation1,3002,9009. Refer to Exhibit 3-2. The credit column of the adjusted trial balance should total ___C___A. $ 45,300B. $ 49,300C. $ 49,500D. $ 51,10010. Refer to Exhibit 3-2.Assume the net income is $ 8,000. The ending balance of Lemon, Capital should be ___A__A. $ 17,600B. $ 15,600C $ 13,600D. $ 2,000第四章1.which of the following statements best describes the purpose of internal control ? __C____A. To provide assurance that the entire business operates in accordance with management ’s plans and policiesB To prevent fraudC. To ensure that expenses and cash outlays are held to a minimumD. To provide adequate subdivision of duties within the organizationThe Data Co. has asked you to assist in the preparation of a bank reconciliation at the end of July. Answer questions 2-4 using the following code letters to indicate how the item described would be reported on the bank reconciliation.Add to the book balanceAdd to the bank balanceDeduct from the bank balanceDeduct from the book balanceDose not belong to the bank reconciliation2. Note and interest collected by the bank of the company ,$500(plus $25 interest).____A__3. Deposit in transit ,$400___B___4. Check No.662 for which should have been written for $730 was incorrectly recorded by the bank as $370.____C__.5 If a bank reconciliation include an NSF check for $45, the journal entry to record this reconciliation item would include ___A___.A.credit to CashB.debit to CashC.credit to Accounts ReceivableD.no entry is required6. All of the following are controls over cash received in a store except ____C___.A. the clerk should have access to the cash register tape to make corrections when necessaryB. the customer should be able to see the amounts entered into the registerC it should be a requirement that a receipt be given to the customerD. the cash drawer should open only when the sale clerk enters an amount on the keys7. Which of the following statements related to receivables is true ? ___C___A. On the balance sheet , accounts receivable are usually reported as total accounts receivable plus the allowance for uncollectible accountsB A dishonored notes receivable should be shown as a current liabilityC. When a notes receivable is not paid at maturity, the principal plus any interest due should be charged back to the customer’s accounts receivableD When a customer overpays his accounts receivable ,the resulting balance should be properly shown among the long-term (noncurrent) assets on the balance sheet8. Cox Company began the month of July with a balance in Accounts Receivable of $51600.During July , Cox reported cash sales of $50000, credit sales on account of $228000, collections fromcustomers on account , $201400 , and write-offs of $750.Uncollectibe-Account expense for July was estimated to be 1% of credit sales . The balance in Account Receivable on July 31 is ___A____.A. $ 77450B $ 75170C. $ 75920D $ 80550Exhibit 4-1Carrington Crop. reported the following selected data for 20*1Accounts receivable (1/1)35000 Inventory (1/1)67000Accounts receivable (12/31)28000 Inventory (12/31)68100Net sales310250 Prepaid expenses300Cash27500 Current Iiabilities973009. Refer to Exhibit 4-1. Compute days’ sales in receivable ( 365 / net sales / average accounts receivable ).___D___.A. 41 daysB. 11 daysC. 33 daysD. 37 days10. Refer to Exhibit 4-1. Compute the acid-test ratio ___B____.A. 0.31B 0.57C. 0.13D. 0.27第五章The weighted average for the year inventory cost flow methostd is applicable to which of the following inventory systems? ___B____.Periodic PerpertualA. Yes YesB. Yes NoC. No YesD. No No2.The LIFO inventory cost flow method may be applied to which of the following inventory systems? ___C____.Periodic PerpertualA. No NoB. No YesC. Yes YesD. Yes No3.Crow Company bagan a year and purchased merchandise as follows:Jan.1 Beginning inventory 40 units @ $ 17.00Feb.4 Purchased 80 units @ $ 16.00May.12 Purchased 80 units @ $ 16.50Aug.9 Purchased 60 units @ $ 17.50Nov.23 Purchased 100 units @ $ 18.00The company uses a periodic inventory system and the ending inventory consists of 60 units ,20 from each of the last three purchases. Determine the ending inventory assuming costs are assigned on a weighted-average basis. ___D____A.$1000.00C.$1040.00C.$1080.00D.$1022.004.A Company uses a periodic inventory system and made an error at the end of year I that caused its year I ending inventory to be understated by $ 5000.What effect does this error have on the company’s financial statements? ___A___ income is understated;assets are understated income is understated;assets are overstated income is overstated;assets are understated income is overstated;assets are overstated5.ABC Company estimates the cost of its physical on June 30,20*2 for use in an interim financial statement.The rate of markup on cost is 25%.The following account balances are available:Inventory,March 31,20*2 $150000Purchases 86000Purchases returns 4000Sales during the second quarter of 20*2 190000The estimate of the cost of the inventory on June 30 would be ___C____.A.$80000B.$88000C.$89500D.$1845006.Which of the following factors would not be considered in the selection of LIFO as an inventory costing method? ___C____.A.Tax benbefitsB.MatchingC.Physical flowD.Improved cash flow7.Which of the following methods of inventory valuation is allowable at interim dates but not at year-eng? __B____A.Weighted averageB.Estimated gross profit ratesC.Retail methodD.Specific identication8.Dart Company’s accounting records indicated the follo wing information:Inventory,1/ 1/20*2 $ 500000Purchases during 20*2 2500000Sales during 20*2 3200000A physical inventory taken on December 31,20*2,resulted in an ending inventory of $ 575000.Dart’s gross profit on sales has remained constant at 25% in recent years.Dart suspects some inventory may have been taken by a new employee.At December 31,20*2,what is the estimated cost of missing inventory? __A____A.$ 25000B.$ 100000C.$ 175000D.$ 2250009.Which of the following is not affected by the inventory valuation method used by a business? __C____A.Amounts owed for income taxesB.Cost of merchandise soldC.Amounts paid to acquire merchandise income of the business10.Under the retail inventory method,freight-in would be included in the calculation of the goods available for sale for which of the following? __C____Cost RetailA. No NoB. No YesC. Yes NoD. Yes Yes会计英语业务题The following selected transactions were completed by Castell Delivery Seevice during November :(1) Received cash from owner as additional investment , $20 000(2) Paid advertising expense , $ 520(3) Purchased supplies of gas and oil for cash $ 780(4) Received cash from cash customers , $ 1 500(5) Charged customers for delivery services on account , $ 2 100(6) Paid creditors on account , $ 470(7) Paid rent for November , $ 1 000(8) Received cash from customers on account , $ 1 810(9) Paid cash to owner for personal use , $ 900(10) Determined by taking an inventory that $ 650 of supplies of gas and oil had been used during the monthIndicate the effect of each transactions on the accounting equation by listing the numbers identifying the transactions , (1) through (10) ,in a vertical column , and inserting at the right of each number the appropriate letter from the following list :Increase in one asset , decrease in another assetIncrease in an asset , increase in a liabilityIncrease in an asset , increase in capitalDecrease in an asset , decrease in a liabilityDecrease in an asset , decrease in capitalPrepare the following columnar form . Then enter the word debit or credit in each of the last three columns to indicate the action necessary to increase the account , to indicate the action necessary to decrease the account , and to show the normal balance of the account .Kind of AccountIncreaseDecreaseNormal BalanceAssetLiabilityOwner's capital Owner's withdrawals RevenueExpenseOra Company’s two employees each earn $ 90 per day for a four day week that begains on Monday and ends on Thursday . They were paid for the week ended Thursday , December 27 and both worked a full day on Monday , December 31 . January 1 of the next year was an unpaid holiday ,but the employees all worked on Wednesday and Thursday , Journalize the year-end adjusting entry to record the accrued wages and the entry to pay the employees on January 3 . 4. Botello Company began operations on January 1,20×2. During the next two years , the company completed a number of transactions involving credit sales, accounts receivable collections ,and bad debts. These transactions are summarized as follows :20×2a . Sold merchandise on credit for $54 500, terms n/60.b. Wrote off uncollectible accounts receivable in the amount of $850.c. Received cash of $45100 in payment of outstanding accounts receivable.d. In adjusting the accounts on December 31 , concluded that 2% of the outstanding accounts receivable would become uncollectible .20×3e. Sold merchandise on credit for $ 67 800, terms n/60.f. Wrote off uncollectible accounts receivable in the amount of $1280.g. Received cash of $65 900 in payment of outstanding accounts receivable , Inadjusting the accounts on December 31 , concluded that 2% of the outstanding accounts receivable would become uncollectibleRequired:Prepare general journal entries to record the 20×2 and 20×3 summarized transactions of Botello Company and the adjusting entries to record bad debts expense at the end of each year,5. The following information is available for Carson ,Inc. for 20×2:Freight-in $20 000Purchase returns 70 000Selling expenses 200 000Ending inventory 80 000The cost of goods sold is equal to 600 percent of selling expenses.:Required:Calculate the cost of goods available for sale.6. The accounting records of Classic Stores provides the following information for 20×2 Beginning inventory $120 000Purchases 790 000Transportation-in 45 000Purchases discounts 15 000Purchases returns and allowances 10 000Ending inventory 130 000RequiredCalculate the inventory turnover ratio for 20×2 .b. If asked by management, how would you interpret the ratio that you calculated?1.posting2.revenues3.cash flow statement4.GAAPs5.chart of accounts6.debit and credit rules7. accrual accounting8. depreciation9. trial balance10.retailers11.perpetual inventory system12.liquidity1.Please state the types of accountants.2.What are the transaction recorded using debits？3.What are the steps in closing？4. Please tell us what about vouchers.5.How to account for sales using net method？6.What are the objectives of cash management？Answers1.2.3.4.5.6. In the double-entry accounting system, every transaction is recorded by equal dollar amounts of debits and credits.7.8.9.10.11.12.1.2.3.4.5.。
会计专业英语重点资料
资料范本本资料为word版本，可以直接编辑和打印，感谢您的下载会计专业英语重点资料地点：__________________时间：__________________说明：本资料适用于约定双方经过谈判，协商而共同承认，共同遵守的责任与义务，仅供参考，文档可直接下载或修改，不需要的部分可直接删除，使用时请详细阅读内容Unit 1Financial information about a business is needed by many outsiders .These outsiders include owners, bankers, other creditors, potential investors, labor unions, government agencies ,and thepublic ,because all these groups have supplied money to the business or have some other interest in the business that will be served by information about its financial position and operating results.许多企业外部的人士需要有关企业的财务信息，这些外部人员包括所有者、银行家、其他债权人、潜在投资者、工会、政府机构和公众，因为这些群体对企业投入了资金，或享有某些利益，所以必须得到企业财务状况和经营成果信息。
Unit 2Each proprietorship, partnership, and corporation is a separate entity.每一独资企业、合伙企业和股份公司都是一个单独的主体。
In accrual accounting, the impact of events on assets andequities is recognized on the accounting records in the time periods when services are rendered or utilized instead of when cash is received or disbursed. That is revenue is recognized as it is earned, and expenses are recognized as they are incurred – not when cash changes hands .if the cash basis accounting were used instead of the accrual basis, revenue and expense recognition would depend solely on the timing of various cash receipts and disbursements.在权责发生制下，视服务的提供而非现金的收付在本期对资产和权益的影响作出会计记录。
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。