会计专业英语模拟题(开卷).doc

会计专业英语模拟试题及答案word版本《会计专业英语》模拟试题及答案一、单选题 (每题 1 分，共20分)1. Which of the following statements about accounting concepts or assumptions are correct?1) The money measurement assumption is that items in accounts are initially measured at their historical cost.2) In order to achieve comparability it may sometimes be necessaryto override the prudence concept.3) To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4) To comply with the law, the legal form of a transaction must always be reflected in financial statements.A 1 and 3B 1 and 4C 3 onlyD 2 and 32. Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makescredit sales of $55 000 and receives cash of $46 500 from credit customers.What is the balance on the accounts receivables at 31 Dec 2010?A. $8 500 DrB. $8 500 CrC. $14 000 DrD. $14 000 Cr3. Should dividends paid appear on the face of a companycash flow sta'tesment?A. YesB. NoC. Not sureD. Either4. Which of the following inventory valuation methods is likely to lead to the highest figure for closinginventory at a time when prices are dropping?A. Weighted Average costB. First in first out (FIFO)C. Last in first out (LIFO)D. Unit cost5. Which of following items may appear as non-currentassets in a company the'stsatement of financial position?(1) plant, equipment, and property(2) company car(3) ?4000 cash(4) ?1000 chequeA. (1), (3)C. (2), (3)D. (2), (4)6. Which of the following items may appear as current liabilities in a company ' s balance sheet?(1) investment in subsidiary(2) Loan matured within one year.(3) income tax accrued untill year end.(4) Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7. The trial balance totals of Gamma at 30 September 2010 are:Debit $992,640Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree? 1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the motor expensesaccount $27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance.A 1 and 2B 2 and 3C 2 and 4D 3 and 48. Theta prepares its financial statements for the year to 30 April each year. The company pays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was $84,000 per year until 30 June 2010. It was increased from that date to $96,000 per year. What rent expense and end of year prepayment should be included in the financial statements for the year ended 30 April 2010?Expense PrepaymentA $93,000 $8,000B $93,000 $16,000C $94,000 $8,000D $94,000 $16,0009. At 30 September 2010, the following balances existed in the records of Lambda:Pla nt and equipme nt: $860,000Depreciati on for pla nt and equipme nt: $397,000During the year ended 30 September 2010, plant with a written down value of $37,000 was sold for $49,000. The plant had originally cost $80,000. Plant purchasedduring the year cost $180,000. It is the compa ny.s policy to charge a full year depreciati on in the year of acquisiti on of an asset and none in the year of sale, using a rate of 10% on the straight li ne basis. What net amount should appear in Lambda.s bala nee sheet at30 September 2010 for pla nt and equipme nt?A $563,000C $510,000D $606,00010. A company' s plant and machinery ledger account ithie year ended 30 September 2010 was as follows:Pla nt and machi neryostproporti on ate depreciati on in years of purchase and disposal. What is the depreciati on charge for the year e nded 30 September 2010?A $74,440B $84,040C $72,640D $76,84011. Listed below are some characteristics of finan cial informati on.(1) True⑵ Prude nee(3) Complete ness⑷ CorrectWhich of these characteristics con tribute to reliability?A (1),⑶ and ⑷ onlyB (1),⑵ and ⑷ onlyC (1),⑵ and ⑶ onlyD⑵，⑶and⑷only12. T he pla nt and mach inery cost acco unt of a compa ny is show n below. The compa ny policy is to charge depreciati on at 20% on the straight line basis, with proporti on ate depreciati on in years of acquisiti on and disposal.ostPla nt and machi neryA. $67,000B. $64,200D. $68,60013. In preparing its financial statements for the current year,a company ng inventory ' s closi was un derstated by $300,000. What will be the effect of this error if it remai ns un corrected?A The current year ' s profit will be overstated and next year ' s profit will be understB The current year' s profit will be understatedbut there will be no effect on next year' s profitC The current year ' s profit will be understated and next year ' s profit will be overstateD The current year' profit will be overstated but there will be no effect on next year' s profit.14. I n preparing a company's cash flow statement,which, if any, of the following items could form part of the calculati on of cash flow from financing activities?(1) Proceeds of sale of premises(2) Divide nds received(3) Issue of sharesA 1 onlyB 2 on lyC 3 on lyD No ne of them.15. At 31 March 2009 a compa ny had oil in ha nd to be used for heat ing costi ng $8,200 andan un paid heati ng oil bill for $3,600. At 31 March 2010 the heat ing oil in ha nd was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil duri ng the year en ded 31 March 2010 totalled $34,600. Based on these figures, what amount should appear in the compa ny ' s in come stateme nt for heati ngyefr theA $23,900B $36,100C $45,300D $33,10016. In times of inflation In times of rising prices, what effect does the use of the historicalcost concept have on a company ' s asset values and profit?A. Asset values and profit both un dervaluedB. Asset values and profit both overvaluedC. Asset values undervalued and profit overvaluedD. Asset values overvalued and profit undervalued17. Beta purchased some plant and equipment on 01/07/2010 for $60,000. The estimated residualvalue of the plant in 10 years time is estimated to be $6,000. Beta ' s policytois charge depreciation on the straight line basis, with a proportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Beta 'asccounting period of 18 months to 30/09/2010 ?A. $5400B. $900C. $1350D. $67518. A company' isncome statement for the year ended 31 December 2005 showed a net profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to the motor expenses account. It is the company ' s policy to depreciate vans at 25 per cent per year on the straight line basis, with a full eyar ' s crhgae in the year of acquisition. What would the net profit be after adjusting for this error?A. $97,100B. $70,100C. $106,100D. $101,60019. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fixed asset(2) substance over form means that the commercial effect ofa transaction must always be shown in the financial statementseven if this differs from legal form(3) in order to achieve the comparable, items should be treated in the same way year on yearA. 2 and 3 onlyB. All of themC. 1 and 2 onlyD. 3 only20. which of the following about accruals concept are correct?(1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant with it or notA. 2 and 3 onlyB. All of themC. 1 and 2 onlyD. 3 only。

会计英语模拟练习题### 会计英语模拟练习题#### 一、选择题（每题2分，共20分）1. Which of the following is not a financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Organizational Chart2. The term "Double Entry Accounting" refers to:A. Recording transactions twiceB. Recording transactions in two different accountsC. Recording transactions in two different waysD. Recording transactions in two different currencies3. What is the purpose of adjusting entries?A. To correct past errorsB. To update the financial records for the current periodC. To prepare for the next accounting periodD. To predict future financial performance4. The accounting equation is:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Liabilities = Assets - Equity5. Which of the following is not a type of inventory valuation?A. FIFOB. LIFOC. Weighted AverageD. Net Present Value#### 二、填空题（每题2分，共20分）6. The process of recording financial transactions in the order they occur is known as __________.7. The __________ is a summary of the changes in a company's financial position over a period of time.8. A __________ is an expense that has been incurred but not yet paid.9. The __________ method of depreciation allocates the cost of a fixed asset over its useful life.10. The __________ is the difference between the opening and closing balances of an account.#### 三、简答题（每题15分，共40分）11. Explain the concept of "matching principle" in accounting and its importance.12. Describe the steps involved in preparing a balance sheet.#### 四、案例分析题（20分）13. Assume you are an accountant for a small business. The business has just completed its fiscal year. You have been provided with the following information:- Total revenue for the year: $500,000- Cost of goods sold: $300,000- Operating expenses: $100,000- Depreciation expense: $20,000- Interest expense: $10,000Calculate the net income of the business and prepare a brief income statement in English.Note: This is a simulated exercise intended for educational purposes only. The questions and answers provided are for illustrative purposes and may not reflect actual accounting practices or standards.。

《会计专业英语》模拟题一.单选题1.The Realization Principle indicates that revenue usually should be recognized and recorded in the accounting record().A.when goods are sole or services are rendered to customersB.when cash is collected from customersC.at the end of the accounting periodD.only when the revenue can be matched by an equal dollar amount of expenses[答案]:A2.The Matching Principle:().A.applies only to situations in which a cash payment occurs before an expense is recognizedB.applies only to situations in which a cash receipt occurs before revenue is recognizedC.is used in accrual accounting to determine the proper period for recognition of expensesD.is used in accrual accounting to determine the proper period in which to recognize revenue[答案]:C3.Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to ().A.decrease assets and decrease owner’s equityB.increase liabilities and decrease owner’s equityC.have no effect on total assetsD.decrease assets and decrease liabilities[答案]:D4.Which of the following concepts belongs to accounting assumption?().A.ConservationB.Money measurementC.MaterialityD.Consistency[答案]:B5.Which of these is/are an example of an asset account?___A.service revenueB.withdrawalsC.suppliesD.all of the above[答案]:C6.Which of these statements is false?().A.increase in assets and increase in revenues are recorded with a debitB.increase in liabilities and increase in owner’s equity are recorded with a c reditC.increase in both assets and withdrawals are recorded with a debitD.decreases in liabilities and increase in expenses are recorded with a debit[答案]:A7.Note payable has a normal beginning balance of $30 000. During the period, new borrowings total $63,000 and the ending balance in Note Payable is $41,000. Determine the payments on loans during the period. ______A.$74000B.$52000C.$134000D.[答案]:B8.Typical liability accounts include _____.A.accounts payable, bank loan, wages payable, drawingsB.Accounts payable, bank overdraft, wages payable, stationaryC.Accounts receivable, bank overdraft, wages payableD.Accounts payable, borrowing from the public, bank overdraft, wages payable.[答案]:D9.Which of these accounts has a normal debit balance?_____.A.Rent ExpenseB.WithdrawalsC.Service RevenueD.Both A and B have a normal debit balance[答案]:D二.判断题1.Accounting provides financial information that is only useful to business management.()[答案]:F2.The accounting process generates financial reports for both “internal” and “external” u sers.() [答案]:T3.The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.()[答案]:T4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.()[答案]:T5.The ledger account provides a chronological order of transactions.()6.Post reference columns are found only in the journal, not in the ledger.()[答案]:Fually two signatures are required on a business check for it to be valid.()[答案]:T8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. ()[答案]:F9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."()[答案]:T10.A leasehold is an example of a long-life asset.()[答案]:F11.The accounting reporting period agrees to the calendar year. ()[答案]:F12.An increase in permanent capital is recorded as a credit to the account. ()[答案]:T13.Dollar signs are used in the amount areas of the ledger accounts. ()[答案]:F14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ()[答案]:F15.Every business transaction is first recorded in the journal. ()[答案]:T16.Internal control of operations is equally complex in a small and in a large organization. ()[答案]:F17.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.()[答案]:T18.A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ()19.Depreciation expense is usually recorded at least once a year. ()[答案]:T20.Amortization is the conversion of the cost of an intangible asset to an expense. ()[答案]:T21.Two methods of recognizing accelerated depreciation are the straight-line and the double-declining balance method.()[答案]:F22.Research and development costs represent an intangible asset. ()[答案]:T23.A present reduction in cash required to generate revenues is called “an expense”[答案]:F24.The revenue expenses are paid to influence the current operating result.[答案]:F25.Advertising expense is usually collected as period expense.[答案]:T26.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ()[答案]:F27.Repair of a generator is a capital expenditure. ()[答案]:F28.Revenue increases owner's equity.()[答案]:T29.Revenue is recognized when we receive cash from the buyers.()[答案]:F30.Interest revenue should be measured based on the length of time. ()[答案]:T三.翻译题1.Sole Proprietorship Enterprises[答案]:独资企业2.Profit cost and capital cost principle[答案]:划分收益性支出与资本性支出3.Double entry system[答案]:复式记帐法4.Source documents[答案]:原始凭证5.Environmental accounting[答案]:环境会计6.Matching principle[答案]:配比原则7.Gross profit[答案]:毛利8.Perpetual inventory system[答案]:永序盘存制9.Intangible assets[答案]:无形资产10.fixed asset[答案]:固定资产11.Statement of cash flows[答案]:现金流量表12.Bank Reconciliation[答案]:银行余额调节表13.Low-valued and easily-damaged implements [答案]:低值易耗品14.Physical depreciation[答案]:有形损耗15.Short-term debt-paying ability[答案]:短期偿债能力16.Accelerated depreciation method[答案]:加速折旧法17.notes receivable[答案]:应收票据18.long-term solvency[答案]:长期偿债能力四.论述题1.完成下列等式:1. Accounting Equation:Assets =2. Perpetual inventory system:Ending Inv. =[答案]:1. Accounting Equation:Assets = Liabilities + Owner's Equity2. Perpetual inventory system:Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold。

《会计专业英语》模拟题一．单项选择题1.The Realization Principle indicates that revenue usually should be recognizedand recorded in the accounting record, .A. when goods are sole or services are rendered to customersB. when cash is collected from customersC. at the end of the accounting periodD. only when the revenue can be matched by an equal dollar amount of expenses2. The Matching Principle: .A. applies only to situations in which a cash payment occurs before an expense is recognizedB. applies only to situations in which a cash receipt occurs before revenue is recognizedC. is used in accrual accounting to determine the proper period for recognition of expensesD. is used in accrual accounting to determine the proper period in which to recognize revenue3. Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to .A. decrease assets and decrease owner’s equityB. increase liabilities and decrease owner’s equityC. have no effect on total assetsD. decrease assets and decrease liabilities4. Which of the following concepts belongs to accounting assumption? .A. ConservationB. Money measurementC. MaterialityD. Consistency5. Which of these is/are an example of an asset account?___A. service revenueB. withdrawalsC. suppliesD. all of the above6. Which of these statements is false? .A. increase in assets and increase in revenues are recorded with a debitB. increase in liabilities and increase in owner’s e quity are recorded witha creditC. increase in both assets and withdrawals are recorded with a debitD. decreases in liabilities and increase in expenses are recorded with a debit二．判断题1. Accounting provides financial information that is only useful to business management. ( )2. The accounting process generates financial reports for both “internal” and “external” users. ( )3. The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.（）4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.（）5. The ledger account provides a chronological order of transactions.（）6. Post reference columns are found only in the journal, not in the ledger.（）ually two signatures are required on a business check for it to be valid.（）8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. （）9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."（）10. A leasehold is an example of a long-life asset.（）11. The accounting reporting period agrees to the calendar year. ( )12.An increase in permanent capital is recorded as a credit to the account. ( )13. Dollar signs are used in the amount areas of the ledger accounts. ( )14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ( )15. Every business transaction is first recorded in the journal. ( )16.Internal control of operations is equally complex in a small and in a large organization. ( )17.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ( )18.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.( )19. A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ( )20.Depreciation expense is usually recorded at least once a year. ( )21.Amortization is the conversion of the cost of an intangible asset to an expense. ( )三．翻译题1. Sole Proprietorship Enterprises2. Profit cost and capital cost principle3. Double entry system4. Source documents5. Environmental accounting6. Matching principle7. Gross profit 8. Perpetual inventory system9. Intangible assets 10. 原始凭证11. 固定资产四．完成下列等式1. Accounting Equation：Assets =2. Perpetual inventory system：Ending Inv. =五．编制银行存款余额调节表The following information pertains to ABC company:（1）cash balance per bank July 31, $7263（2）July bank service charge not recorded by the depositor $15（3） cash balance per book July 31, $7190（4） Deposits in transit July 31, $1700（5）Note for $1000 collected for ABC in July by bank plus interest $36, and charge $20 for service. The collection has not been recorded byABC and no interest has been accrued（6）Outstanding checks July 31 , $772Prepare Bank reconciliation at July 31.六．编写借贷会计分录On July 1, N. B. Edgar opened Coin-Op Laundry. Edgar’s acco untantlisted the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, DrawingLaundry Revenue Wages ExpenseRent Expense Utilities Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a.Edgar deposited $20,000 in a bank account in the name of the business.b.Bought tables and chairs for cash, $450c.Paid the rent for the current month, $705d.Bought washers and dryers from Eldon Equipment, $17,400, paying $4,000 incash and placing the balance on account.e.Bought laundry supplies on account from Borkal Distributors, $410.f.Sold services for cash, $862.g.Bought insurance for one year, $468.h.Paid on account to Eldon Equipment, a creditor, $550.i.Received and paid the electric bill, $118.j.Paid on account to Borkal Distributors, a creditor, $145.k.Sod services to customers for cash for the second half of the month, $881.l.Received and paid the bill for the business license, $45.m.Paid wages to an employee, $1,146.n.Edgar withdrew cash for personal use, $875.InstructionsRecord the transactions with “Dr.” and “Cr.”七．编制试算平衡表The bank statement of LA Company shows a final balance of $2119 as of March 31, the balance of the cash in the ledger as of that is $1552, LA accountant has taken the following steps.Prepare bank reconciliation at March 31.(1) Noted that the deposit made on March 31 was not recorded on the bank statement, $762.(2) Noted outstanding checks: no.921, $626. no.985, $69. no.986, $438.(3) Noted credit memo: note collected by the bank from ABC company ,$200, not recordedin the journal.(4) Noted debit memo: collection charge and service charge not recorded in the journal, $4.八．存货成本计算C asey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostB e g i n n i n g i n v e n t o r y34$270$9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand?九．设立T形账户并编制试算平衡表(1) May1: Jill Jones and her family invested $8,000 in BBE Company and received 800 shares ofstock.(2) May2: BBE purchased an equipment for $2,500 cash.(3) May 8: BBE purchased a $15,000 truck. BBE paid $2,000 in cash and issued a note payablefor the remaining $13,000.(4) May 18: BBE sold services on account to ABC Lawns, $150. ABC Lawns agree to pay BBEwithin 30 days.(5) May 29: BBE provided services for a client and received $750 in cash.(6) May31:BBE purchased gasoline for the truck for $50 cash.Please Analyze the above transactions of BBE Company, set up its "T" accounts, and prepare a trial balance.参考答案：一．单项选择题1.A2.C3.D4.B5.C6.A二．判断题1.F2.T3.T4.T5.F6.F7.T8.F9.T 10.F11.F 12.T 13.F 14.F 15.T 16.F 17.F 18.T 19.T 20.T 21.T三．翻译题1. 独资企业2. 划分收益性支出与资本性支出3. 复式记帐法4. 原始凭证5.环境会计6. 配比原则7. 毛利8. 永序盘存制9.无形资产10. source document 11.fixed asset四．完成下列等式1. Accounting Equation：Assets = Liabilities + Owner's Equity2. Perpetual inventory system：Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold五．编制银行存款余额调节表ABC CompanyBank ReconciliationJuly 31 20Bank statement balance, July 31 $7263 Add. Deposits In Transit 17008963Deduct: Outstanding checks 772 Adjusted bank statement balance 8191Ledger balance of cash $7190 Add. Credit memo 10368226 Deduct: Bank service charge 2015Adjusted ledger balance of cash 8191 六．编写借贷会计分录A Dr. Cash 20000Cr. N. B. Edgar, Capital 20000B Dr. Furniture and Fixtures 450Cr. Cash 450C Dr. Rent Expense 705Cr. Cash 705D Dr. Equipment 17400Cr. Cash 4000Accounts Payable 13400E Dr. Supplies 410Cr. Accounts Payable 410F Dr. Cash 862Cr. Laundry Revenue 862G Dr. Prepaid Insurance 468Cr. Cash 468H Dr. Accounts Payable 550Cr. Cash 550I Dr. Utilities Expense 118Cr. Cash 118J Dr. Accounts Payable 145Cr. Cash 145K Dr. Cash 881Cr. Laundry Revenue 881L Dr. Miscellaneous Expense 45Cr. Cash 45M Dr. Wages Expense 1146Cr. Cash 1146N Dr. N. B. Edgar, Drawing 875Cr. Cash 875七．编制试算平衡表LA CompanyBank reconciliationMarch 31 2004Bank statement balance, March 31 $2119Add. Deposits In Transit 7622881Deduct: Outstanding checksNo. 921 $626No. 985 69No. 986 438 1133Adjusted bank statement balance 1748Ledger balance of cash $1552Add. Note collected by bank 2001752Deduct: Bank service & collection charges 4Adjusted Ledger Balance of Cash 1748八．存货成本计算34 Units(beginning inventory) @ $270 each = $918060 Units(first purchase) @ $282 each = 16920 88 Units(second purchase) @ $298 each = 26224182 Units $52324九．设立T形账户并编制试算平衡表BHK CompanyTrial BalanceMay 31,2005Cash ＄4200Accounts Receivable ＄150Plant Assets ＄17,500Notes Payable ＄13,000 Capital Stock ＄8000 Sales Revenue ＄900 Operating Expense ＄50Total ＄21,900 ＄21,900。

《会计专业英语》模拟题一.单选题1.The Realization Principle indicates that revenue usually should be recognized and recorded in the accounting record().A.when goods are sole or services are rendered to customersB.when cash is collected from customersC.at the end of the accounting periodD.only when the revenue can be matched by an equal dollar amount of expenses[参考的参考的答案为为]:A2.The Matching Principle:().A.applies only to situations in which a cash payment occurs before an expense is recognizedB.applies only to situations in which a cash receipt occurs before revenue is recognizedC.is used in accrual accounting to determine the proper period for recognition of expensesD.is used in accrual accounting to determine the proper period in which to recognize revenue[参考的参考的答案为为]:C3.Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to ().A.decrease assets and decrease owner’s equityB.increase liabilities and decrease owner’s equityC.have no effect on total assetsD.decrease assets and decrease liabilities[参考的参考的答案为为]:D4.Which of the following concepts belongs to accounting assumption?().A.ConservationB.Money measurementC.MaterialityD.Consistency[参考的参考的答案为为]:B5.Which of these is/are an example of an asset account?___A.service revenueB.withdrawalsC.suppliesD.all of the above[参考的参考的答案为为]:C6.Which of these statements is false?().A.increase in assets and increase in revenues are recorded with a debitB.increase in liabilities and increase in owner’s equity a re recorded with a creditC.increase in both assets and withdrawals are recorded with a debitD.decreases in liabilities and increase in expenses are recorded with a debit[参考的参考的答案为为]:A7.Note payable has a normal beginning balance of $30 000. During the period, new borrowings total $63,000 and the ending balance in Note Payable is $41,000. Determine the payments on loans during the period. ______A.$74000B.$52000C.$134000D.[参考的参考的答案为为]:B8.Typical liability accounts include _____.A.accounts payable, bank loan, wages payable, drawingsB.Accounts payable, bank overdraft, wages payable, stationaryC.Accounts receivable, bank overdraft, wages payableD.Accounts payable, borrowing from the public, bank overdraft, wages payable.[参考的参考的答案为为]:D9.Which of these accounts has a normal debit balance?_____.A.Rent ExpenseB.WithdrawalsC.Service RevenueD.Both A and B have a normal debit balance[参考的参考的答案为为]:D二.判断题1.Accounting provides financial information that is only useful to business management.()[参考的参考的答案为为]:F2.The accounting process generates financial reports for both “internal” and “external” users.() [参考的参考的答案为为]:T3.The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.()[参考的参考的答案为为]:T4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.()[参考的参考的答案为为]:T5.The ledger account provides a chronological order of transactions.()6.Post reference columns are found only in the journal, not in the ledger.()[参考的参考的答案为为]:Fually two signatures are required on a business check for it to be valid.()[参考的参考的答案为为]:T8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. ()[参考的参考的答案为为]:F9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."()[参考的参考的答案为为]:T10.A leasehold is an example of a long-life asset.()[参考的参考的答案为为]:F11.The accounting reporting period agrees to the calendar year. ()[参考的参考的答案为为]:F12.An increase in permanent capital is recorded as a credit to the account. ()[参考的参考的答案为为]:T13.Dollar signs are used in the amount areas of the ledger accounts. ()[参考的参考的答案为为]:F14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ()[参考的参考的答案为为]:F15.Every business transaction is first recorded in the journal. ()[参考的参考的答案为为]:T16.Internal control of operations is equally complex in a small and in a large organization. ()[参考的参考的答案为为]:F17.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.()[参考的参考的答案为为]:T18.A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ()19.Depreciation expense is usually recorded at least once a year. ()[参考的参考的答案为为]:T20.Amortization is the conversion of the cost of an intangible asset to an expense. ()[参考的参考的答案为为]:T21.Two methods of recognizing accelerated depreciation are the straight-line and the double-declining balance method.()[参考的参考的答案为为]:F22.Research and development costs represent an intangible asset. ()[参考的参考的答案为为]:T23.A present reduction in cash required to generate revenues is called “an expense”[参考的参考的答案为为]:F24.The revenue expenses are paid to influence the current operating result.[参考的参考的答案为为]:F25.Advertising expense is usually collected as period expense.[参考的参考的答案为为]:T26.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ()[参考的参考的答案为为]:F27.Repair of a generator is a capital expenditure. ()[参考的参考的答案为为]:F28.Revenue increases owner's equity.()[参考的参考的答案为为]:T29.Revenue is recognized when we receive cash from the buyers.()[参考的参考的答案为为]:F30.Interest revenue should be measured based on the length of time. ()[参考的参考的答案为为]:T三.翻译题1.Sole Proprietorship Enterprises[参考的参考的答案为为]:独资企业2.Profit cost and capital cost principle[参考的参考的答案为为]:划分收益性支出与资本性支出3.Double entry system[参考的参考的答案为为]:复式记帐法4.Source documents[参考的参考的答案为为]:原始凭证5.Environmental accounting[参考的参考的答案为为]:环境会计6.Matching principle[参考的参考的答案为为]:配比原则7.Gross profit[参考的参考的答案为为]:毛利8.Perpetual inventory system[参考的参考的答案为为]:永序盘存制9.Intangible assets[参考的参考的答案为为]:无形资产10.fixed asset[参考的参考的答案为为]:固定资产11.Statement of cash flows[参考的参考的答案为为]:现金流量表12.Bank Reconciliation[参考的参考的答案为为]:银行余额调节表13.Low-valued and easily-damaged implements[参考的参考的答案为为]:低值易耗品14.Physical depreciation[参考的参考的答案为为]:有形损耗15.Short-term debt-paying ability[参考的参考的答案为为]:短期偿债能力16.Accelerated depreciation method[参考的参考的答案为为]:加速折旧法17.notes receivable[参考的参考的答案为为]:应收票据18.long-term solvency[参考的参考的答案为为]:长期偿债能力四.论述题1.完成下列等式:1. Accounting Equation:Assets =2. Perpetual inventory system:Ending Inv. =[参考的参考的答案为为]:1. Accounting Equation: Assets = Liabilities + Owner's Equity2. Perpetual inventory system:Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold。

一、words and phrases1.残值 scrip value2.分期付款 installment3.concern 企业4.reversing entry 转回分录5.找零 change6.报销 turn over7.past due 过期8.inflation 通货膨胀9.on account 赊账10.miscellaneous expense 其他费用11.charge 收费12.汇票 draft13.权益 equity14.accrual basis 应计制15.retained earnings 留存收益16.trad-in 易新,以旧换新17.in transit 在途18.collection 托收款项19.资产 asset20.proceeds 现值21.报销 turn over22.dishonor 拒付23.utility expenses 水电费24.outlay 花费25.IOU 欠条26.Going-concern concept 持续经营27.运费 freight二、Multiple-choice question1.Which of the following does not describe accounting ( C )A. Language of businessB. Useful ofr decision makingC. Is an end rathe than a means to an end.ed by business, government, nonprofit organizations, and individuals.2.An objective of financial reporting is to ( B )A. Assess the adequacy of internal control.B.Provide information useful for investor decisions.C.Evaluate management results compared with standards.D.Provide information on compliance withestablished procedures.3.Which of the following statements is(are) correct ( B )A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.A company may use different depreciation methods in its financial statements and its income tax return.C.The cost of a machine includes the cost of repairing damage to the machine during the installation process.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the unit-of-product method.4. Which of the following is(are) correct about a company’s balance sheet ( B )A.It displays sources and uses of cash for the period.B.It is an expansion of the basic accounting equationC.It is not sometimes referred to as a statement of financial position.D.It is unnecessary if both an income statement and statement of cash flows are availabe.5.Objectives of financial reporting to external investors and creditors include preparing information about all of the following except. ( A )rmation used to determine which products to poducermation about economic resources, claims to those resources, and changes in both resources and claims.rmation that is useful in assessing the amount, timing, and uncertainty of future cash flows.rmation that is useful in making ivestment and credit decisions.6.Each of the following measures strengthens internal control over cash receipts except. ( C )A.The use of a petty cash fund.B.Preparation of a daily listing of all checks received through the mail.C.The use of cash registers.D.The deposit of cash receipts in the bank on a daily basis.7.The primary purpose for using an inventory flow assumption is to. ( A )A.Offset against revenue an appropriate cost of goods sold.B.Parallel the physical flow of units of merchandise.C.Minimize income taxes.D.Maximize the reported amount of net income.8.In general terms, financial assets appear in the balance sheet at. ( B )A.Current valueB.Face valueC.CostD.Estimated future sales value.9.If the going-concem assumption is no longer valid for a company except. ( C )nd held as an ivestment would be valued at its liquidation value.B.All prepaid assets would be completely written off immediately.C.Total contributed capital and retained earnings would remain unchanged.D.The allowance for uncollectible accounts would be eliminated.10.Which of the following explains the debit and credit rules relating to the recording of revenue and expenses ( C )A.Expenses appear on the left side of the balance sheet and are recorded by debits;revenue appears on the right side of the balance sheet and is reoorded by credits.B. Expenses appear on the left side of the income statement and are recorded by debits; Revenue appears on the right side of the income statement and is recordedby credits. C.The effects of revenue and expenses on owners’ equity.D.The realization principle and the matching principle.11.Which of the following statements is(are) correct ( B )A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.The cost of a machine do not includes the cost of repairing damage to the machine during the installation prcess.C.A company may use same depreciation methods in its finacial statements and its income tax return.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the straight-line method.12.A set of financial statements ( B ) except.A.Is intended to assist users in evaluating the financial position, profitability, and future prospects of an entity.B.Is intended to assist the Intemal Revenue Service in detemining the amount of income taxes owed by a business organization.C.Includes notes disclosing information necessary for the proper interpretation of the statements.D.Is intended to assist investors and creditors in making decisions inventory the allocation of economic resources.13.The primary purpose for using an inventory flow assumption is to. ( B )A.Parallel the physical flow of units of merchandise.B.Offset against revenue an appropriate cost of goods soldC.Minimize income taxes.D.Maximize the reported amount of net income.14.Indicate all correct answers. In the accounting cycle. ( D )A.Transactions are posted before they are journalized.B.A trial balance is prepared after journal entries haven’t been posted.C.The Retained Earnings account is not shown as an up-to-date figure in the trial balance.D.Joumal entries are posted to appropriate ledger accounts.15.According to text, Objectives of Financial Reporting by Business Enterprises. ( D )A.Extemal users have the ability to prescribe information they want.rmation is always based on exact measures.C.Financial reporting is usually based on industries or the economy as a whole.D.Financial accounting does not directly measure the value of a business enterprise.16.Indicate all correct answers. Dividends except ( A )A.Decrease owners’equity.B.Decrease net incomeC.Are recorded by debiting the Cash accountD.Are a business expense17.Which of the following practices contributes to efficient cash management ( C )A.Never borrow money-maintain a cash balance sufficient to make all necessary payments.B.Record all cash receipts and cash payments at the end of the month when reconciling the bank statements.C.Prepare monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance.D.Pay each bill as soon as the invoice arrives.18.Which of the following would you expect to find in a correctly prepared income statement ( A )A.Revenues earned during the period.B.Cash balance at the end of the period.C.Contributions by the owner during the period.D.Expenses incurred during the next period to earn revenues.19.Which of the following are important factors in ensuring the integrity of accounting information ( D )A.Institutional factors, such as standards for preparing information.B.Professional organizations, such as the American Institute of CPAs. Cpetence’judgment’ and ethical behavior of individual accountants’ D.All of the above.三、Practices11.On Jan.1, 2000, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $40,000 for 2000, calculated under the sum-of –the-years’–digits method. Required: Determine the acquisition cost of the equipment. ( C )A.$210,000B.$250,000C.$225.000D.$200,0002. On Jan.2, 2002, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $24,000 for 2004, calculated under the sum-of –the-years’–digits method (4%). Required: Determine the acquisition cost of the equipment. ( C )A.$220,000B.$250,000C.$224.000D.$200,0003. October 1, 2005, Coast Financial Ioaned Bart Corporation $3000,000, receivingin exchange a nine-month, 12 percent note receivable. Coast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Bart Corporation during 2006 will amount to. ( A )A.$9,000B.$18,000C.$27.000D.$36,000Question: What is the reconciled balance ( B )A.$4,187B.$4,085C.$4,090D.$4,000Required: Choose the reconciled balance. ( D )A.$3,220B.$3,250C.$3,200D.$3,225Required:Calculate the cost of goods available for sale(C)A.$475,000B.$474,000C.$470,000D.$473,000Required: Calculate the cost of goods sold ( D )A.$225,000B.$254,000C.$250,000D.$253,0008.At the end of the current year, the accounts receivable account has a debit balance of $60,000 and net sales for the year total $100,000. The allowance account before adjunstment has adebit balance of a $500, and uncollectible accounts expense is estimated at 1% of net sales. Question: The entry for the above bad debts is ( A ) A.Dr. Bad Debt Accts. $1,500 B.Dr. Bad Debt Accts. $500Cr. Allowance Doubtful Accts. $1,500 Cr. Allowance Doubtful Accts. $500C. Dr. Bad Debt Accts. $1,000D. Dr. Bad Debt Accts. $1,500Cr. Accts Rec. $1,000 Cr. Accts Rec. $1,5009.The balance sheet items to The Oven Bakery(arranged in alphabetical order)were as follows at August 1,2005.(You are to compute the missing figure for retainedearnings.)(4%)REQUIRED:Find Retained earnings at August 1 2005(D)A.$420,000B.$44,000C.$40,000D.$48,000Practices2Sue began a public accounting practice and completed these transactions during first month of the current year.Required: Choose the entries to record the following transactons.1.Invested $50,000 cash in a public accounting practice begun this day. ( A )A.Dr. Cash $50,000B.Dr. Capital Stock $50,000Cr. Capital Stock $50,000 Cr. Cash $50,0002.Paid cash for three monts’ office rent in advance $900( B )A.Dr. Rent Exp. $900B.Dr. Prepaid Rent $900Cr. Cash $900 Cr. Cash $9003.Paid the premium on two insurance policies, $300. ( )A.Dr. Prepaid Insurance $300B.Dr. Insurance Exp $300Cr. Cash $300 Cr. Cash $3004pleted accounting work for Sun Bank on credit $1000. ( A )A.Dr. Accts Rec $1000B.Dr. Cash $1000Cr.Accounting Revenue $1000 Cr.Accounting Revenue $10005.Paid the monthly utility bills of the accounting office $300 ( A )A.Dr Utility Exp $300B.Dr office Exp $300Cr. Cash $300 Cr. Cash $300Linda began a public accounting practice and completed these transactons during first month of the current year.Required: Choose the entries to record the following transactons.6.Invested $20,000 cash in a public accounting practice begun this day. ( A )A.Dr Cash $20,00B.Dr Capital Stock $20,000Cr. Capital Stock $20,000 Cr. Cash $20,007.Paid cash for three months’ office rent in advance $1200.( B )A.Dr. Rent Exp $1200B.Dr. Prepaid Rent $1200Cr. Cash $1200 Cr. Cash $12008.Purchased offfice supplies $100 and office equipment $2,000 on credit. ( B )Office Supplies $100 Office Supplies $100Cr. Accts Rec. $2,100 Cr.Accts Pay. $2,1009pleted accounting work for Jack Hall and collected $2000 cash therefore. ( B ) A.Dr. Accts Rec $2000 B.Dr. Cash $2000Cr.Accounting Revenue $2000 Cr.Accounting Revenue $200010.Purchase additional office equipment on credit $2500.( A )Cr.Accts Pay $2500 Cr.Accts Rec $2500四、Translation:1)The mechanics of double-entry accounting are such that every transaction is recorded in the debit side of one or more accounts and in the credit side of one or more accounts with equal debits and credits. Such form of combination is called accounting entry. Where there are only two accounts affected. 2)the debit and credit amounts are equal. If more than two accounts are affceted, the total of the debit entries must equal the total of the credit entries. The double-entry accounting is used by virtually every business organization, regardless of whether the company’s accounting records are maintained manually or by computer.1.The mechanics of double-entry accounting.( B )A.会计两次记账(de)制度B.复式记账机制C.会计(de)重复记账体制2.the debit and credit amounts are equal. ( A )A.借方金额与贷方金额是相等(de)B.借出金额与贷款金额是相等(de)C.借入金额与贷款金额是相等(de)Most accounting methods are based on the assumption that the business enterprise will have a long life. Experience indicates that.1)inspite of numerous business failures, companies have a fairly high continuance rate. Accountants do not believe that business firms will last indefinitely, but they do expect them to last long enouthto 2)fulfill their objectives and commitments.3.in spite of numerous business failures, companies have a fairly high continuance rate. ( B )A.可惜有许多企业失败,但公司仍有较高(de)持续经营比率.B.尽管有许多企业倒闭,但公司仍有较高(de)持续经营比率.C.大中型商业(de)主要会计工作办公被叫做统制账.4.fulfill their objectives and commitments. ( C )A.他们充满客观困难与承诺责任.B.完成他们(de)目(de)与提交审议.C.实现与履行他们(de)目标及义务.The accountants in a privat business, large or small, must record transactions and prepare periodic financial statements from accounting recrds. 1)The chidf accounting officer in a medium-sized or large business is usually called the controller, who manages the work of the accounting staff. As a part of the top management team, the controller 2)is charged with the task of running the business, setting its objecives, and seeing that these objecives are met.5.The chief accounting officer in a medium-sized or large business is usually called the controller ( B )A.中等或大(de)商业(de)主要会计官员通常被称为控制者.B.大中型企业(de)主要会计官员通常被称为主计长.C. 大中型企业(de)主要会计工作办公被叫做统制账.6.is charged with the task of running the business, setting its objectives, and seeing that these objectives are met. ( A)A.负责企业经营运作工作,设定经营目标,并了解目标(de)实现.B.收取商业企业滚动运作费,设定其客观条件,并观察这些条件(de)满足.C.承担企业经营运作工作,设定经营目标,并了解目标(de)实现.Accounting practice needs certain guidelines to action. Accounting theory 1)provides the rationale or justification for accounting practice. The structure of accounting theory rests on foundation of basic concepts and assumptions that are ver broadm few in number, and derived from accounting practice. The principles of accounting are unlike the principles of the natural sciences and mathematics, because they cannot be derived from or proved by the laws of nature. 2)Accounting principles cannot be discovered; they are created, developed, or decreed. Accounting principles are supported and justified by intuition, authority, and acceptability.7.provides the rationale or justification for accounting practice. ( B )A.提供合理公正(de)会计实践B.为会计实务提供理性(de)判断标准C.为实践提供有理公正(de)会计理论8.Accounting principles cannot be discovered; they are created, developed, or decreed. Accounting principles are supported and justified by intuition, authority,and acceptability. ( C )A.会计原则不能发现理论,它们创造、发展理论并将之立法.B. 会计原则不能发现理论,它们创造、发展了理论并立法通过.C. 会计原则不能发现,它们是被创造、发展后通过立法来确定.。

会计专业英语试题及答案一、选择题（每题2分，共20分）1. Which of the following is not an accounting principle?A. Accrual BasisB. Going ConcernC. ConsistencyD. Cash BasisAnswer: D2. The process of summarizing, analyzing, and reporting financial data is known as:A. BudgetingB. AccountingC. AuditingD. TaxationAnswer: B3. What is the term used to describe the systematic and periodic recording of financial transactions?A. BookkeepingB. PayrollC. TaxationD. AuditingAnswer: A4. Which of the following is not a component of the balance sheet?A. AssetsB. LiabilitiesC. EquityD. RevenueAnswer: D5. The matching principle requires that:A. Expenses are recognized when incurredB. Expenses are recognized when paidC. Expenses are recognized in the same period as the revenue they generateD. Expenses are recognized when the cash is received Answer: C6. The accounting equation is:A. Assets = Liabilities + EquityB. Assets - Liabilities = EquityC. Assets + Equity = LiabilitiesD. Assets = Equity - LiabilitiesAnswer: A7. The term "double-entry bookkeeping" refers to the practice of:A. Recording transactions twiceB. Recording transactions in two accountsC. Recording debits and credits for every transactionD. Recording transactions in two different booksAnswer: C8. Which of the following is not a type of intangible asset?A. PatentsB. TrademarksC. GoodwillD. InventoryAnswer: D9. The purpose of an income statement is to show:A. The financial position of a company at a point in timeB. The changes in equity over a period of timeC. The financial performance of a company over a period of timeD. The cash flows of a company over a period of time Answer: C10. The statement of cash flows is used to report:A. How cash is generated and used during a periodB. The net income of a company for a periodC. The changes in equity for a periodD. The changes in assets and liabilities for a period Answer: A二、填空题（每题2分，共20分）1. The accounting cycle includes the following steps:journalizing, posting, __________, adjusting entries, and closing entries.Answer: trial balance2. The __________ principle requires that all business transactions should be recorded at their fair value in the accounting records.Answer: Fair Value3. The __________ is a summary of all the journal entries fora period, listed in date order.Answer: General Journal4. __________ are expenses that have been incurred but not yet paid.Answer: Accrued Expenses5. The __________ is a report that shows the beginning cash balance, cash receipts, cash payments, and the ending cash balance for a period.Answer: Cash Flow Statement6. The __________ ratio is calculated by dividing current assets by current liabilities.Answer: Current Ratio7. __________ are assets that are expected to be converted into cash or used up within one year or one operating cycle. Answer: Current Assets8. __________ is the process of determining the cost of goodssold and the value of ending inventory.Answer: Costing9. __________ is the process of estimating the useful life of an asset and allocating its cost over that period.Answer: Depreciation10. __________ is the process of adjusting the accounts to reflect the proper revenue and expenses for the period. Answer: Accrual Accounting三、简答题（每题10分，共20分）1. Explain the difference between revenue and profit. Answer: Revenue is the income generated from the normal business activities of an entity during a specific period, before deducting expenses. Profit, on the other hand, is the excess of revenues and gains over expenses and losses for a period. It represents the net income or net earnings of a business.2. What are the main components of a balance sheet?Answer: The main components of a balance sheet are assets, liabilities, and equity. Assets represent what a company owns or controls with future economic benefit. Liabilities are obligations or debts that a company owes to others. Equity is the residual interest in the assets of the entity after deducting all its liabilities, representing the ownership interest of the shareholders.四、计算题（每题15分，共30分）1. Calculate the net income for the year if the revenue is$500,000, the cost of goods sold is $300,000, operating expenses are $80,000, and other expenses are $20,000. Answer: Net Income = Revenue - Cost of Goods Sold - Operating。

《会计专业英语》模拟试题及答案一、单选题（每题1分，共 20分）1. Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2）In order to achieve comparability it may sometimes be necessary to override the prudence concept.3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4）To comply with the law, the legal form of a transaction must always be reflected in financial statements.A 1 and 3B 1 and 4C 3 onlyD 2 and 32.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010?A.$8 500 DrB.$8 500 CrC.$14 000 DrD.$14 000 Cr3.Should dividends paid appear on the face of a company’s cash flow statement?A. YesB. NoC. Not sureD. Either4.Which of the following inventory valuation methods is likely to lead to the highestfigure for closing inventory at a time when prices are dropping?A. Weighted Average costB. First in first out (FIFO)C. Last in first out (LIFO)D. Unit cost5. Which of following items may appear as non-current assets in a company’s the statement of financial position?(1) plant, equipment, and property(2) company car(3) €4000 cash(4) €1000 chequeA. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Whi ch of the following items may appear as current liabilities in a company’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year.(3) income tax accrued untill year end.(4) Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7. The trial balance totals of Gamma at 30 September 2010 are:Debit $992,640Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the motor expenses account $27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance.A 1 and 2B 2 and 3C 2 and 4D 3 and 48. Theta prepares its financial statements for the year to 30 April each year. The company pays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was $84,000 per year until 30 June 2010. It was increased from that date to $96,000 per year. What rent expense and end of year prepayment should be included in the financial statements for the year ended 30 April 2010?Expense PrepaymentA $93,000 $8,000B $93,000 $16,000C $94,000 $8,000D $94,000 $16,0009. At 30 September 2010, the following balances existed in the records of Lambda:Plant and equipment: $860,000Depreciation for plant and equipment: $397,000During the year ended 30 September 2010, plant with a written down value of $37,000 was sold for $49,000. The plant had originally cost $80,000. Plant purchased during the year cost $180,000. It is the company.s policy to charge a full year depreciation in the year of acquisition of an asset and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010 for plant and equipment?A $563,000B $467,000C $510,000D $606,00010. A company’s plant and machinery ledger account for the year ended 30 September 2010 was as follows:The company’s policy is to charge depreciation at 20% per year on the straight line basis, with proportionate depreciation in years of purchase and disposal. What is the depreciation charge for the year ended 30 September 2010?A $74,440B $84,040C $72,640D $76,84011. Listed below are some characteristics of financial information.(1) True(2) Prudence(3) Completeness(4) CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) onlyB (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only12. The plant and machinery cost account of a company is shown below. The company’s policy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.A. $67,000B. $64,200C. $70,000D. $68,60013. In preparing its financial statements for the current year, a company’s closi ng inventory was understated by $300,000. What will be the effect of this error if it remains uncorrected?A The current year’s profit will be overstated and next year’s profit will be understatedB The current year’s profit will be understated but there will be no effect on next year’s profitC The curr ent year’s profit will be understated and next year’s profit will be overstatedD The current year’s profit will be overstated but there will be no effect on next year’s profit.14. In preparing a company’s cash flow statement, which, if any, of the following items could form part of the calculation of cash flow from financing activities?(1) Proceeds of sale of premises(2) Dividends received(3) Issue of sharesA 1 onlyB 2 onlyC 3 onlyD None of them.15. At 31 March 2009 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 2010 totalled $34,600. Based on these figures, what amount should appear in the company’s income statement for heating oil for the year?A $23,900B $36,100C $45,300D $33,10016. In times of inflation In times of rising prices, what effect does the use of the historical cost concept have on a company’s asset values and profit?A. Asset values and profit both undervaluedB. Asset values and profit both overvaluedC. Asset values undervalued and profit overvaluedD. Asset values overvalued and profit undervalued17. Beta purchased some plant and equipment on 01/07/2010 for $60,000. The estimated residual value of the plant in 10 years time is estimated to be $6,000. Beta’s policy is to charge depreciation on the straight line basis, with a proportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Beta’s accou nting period of 18 months to 30/09/2010 ?A. $5400B. $900C. $1350D. $67518. A company’s income statement for the year ended 31 December 2005 showed a n et profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to the motor expenses account. It is the company’s policy to depreciate motor vans at 25 per cent per year on the straight line basis, with a full y ear’s cha rge in the year of acquisition. What would the net profit be after adjusting for this error?A.$97,100B.$70,100C.$106,100D.$101,60019. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fixed asset(2) substance over form means that the commercial effect of a transaction must always be shown in the financial statements even if this differs from legal form(3) in order to achieve the comparable, items should be treated in the same way year on yearA. 2 and 3 onlyB. All of themC. 1 and 2 onlyD. 3 only20. which of the following about accruals concept are correct?(1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant with it’s paid or notA. 2 and 3 onlyB. All of themC. 1 and 2 onlyD. 3 only二、翻译题（共30分）1、将下列分录翻译成英文（每个2分，共10分）1.借：固定资产清理 30 000累计折旧 10 000贷：固定资产 40 0002.借：银行存款 10 500贷：交易性金融资产 10 000投资收益 5003．借：应付职工薪酬 1 000贷：库存现金 1 0004．借：银行存款 4 095贷：其他业务收入 3 500应交税费–应交增值税（销项税额） 5955．借：应付票据 40 000贷：银行存款 40 0002、将下列报表翻译成中文（每空1分，共20分）1.ABC group the statement of financial position as at 31/Dec/2010€2.Non-current assets3.Intangible assets4.Property, plant and equipment5.Investment in associates6.Held-for-maturity investment7.Deferred income tax assets8.Current Assets9.Trade and other receivables10.Derivative financial instruments11.Cash and cash equivalents12.Assets of discontinued operation13.Assets in total14.Current Liabilities15.Accrued payroll16.Accrued dividend17.Accrued accounts18.Non-current Liabilities19.Liabilities in total Assets三、阅读题（共30分）Research and development (R&D)Accounting treatment of R&DUnder International Accounting Standards the accounting for R&D is dealt with under IAS 38, Intangible Assets. IAS 38 states that an intangible asset is to be recognised if, and onlyif, the following criteria are met: it is probable that future economic benefits from the asset will flow to the entity, the cost of the asset can be reliably measured.The above recognition criteria look straightforward enough, but in reality it can prove to be very difficult to assess whether or not these have been met. In order to make this recognition of intangibles more clear, IAS 38 separates an R&D project into a research phase and a development phase.Research phaseIt is impossible to demonstrate whether or not a product or service at the research stage will generate any probable future economic benefit. As a result, IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.Development phaseUnder IAS 38, an intangible asset arising from development must be capitalised if an entity can demonstrate all of the following criteria: the technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset; existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably. If any of the recognition criteria are not met then the expenditure must be charged to the income statement as incurred. Note that if the recognition criteria have been met, capitalisation must take place. Once development costs have been capitalised, the asset should be amortised in accordance with the accruals concept over its finite life. Amortisation must only begin when commercial production has commenced.Questions:1)Outline the criterias of recognition of intangible assets （5分）2)Criterias to recognised as development (5分)3)Identify the accounting treatment of research phase （10分）4)Identify the accounting treatment of development phase （10分）四、业务题（按要求用英文编制分录，每题2分，共20分）Johnny set up a business and in the first a few days of trading the following transactions occurred (ignore all the tax):1)He invests $80 000 of his money in his business bank account2)He then buys goods from Isabel, a supplier for $4 000 and pays by cheque, the goods isdelivered right after the payment3) A sale is made for $3 000 –the customer pays by cheque4)Johnny makes another sale for $2 000 and the customer promises to pay in the future5)He then buys goods from another supplier, Kamen, for $2 000 on credit, goods isdelivered on time6)He pays a telephone bill of $800 by cheque7)The credit customer pays the balance on his account8)He returened some faulty goods to his supplier Kamen, which worth $400.9)Bank interest of $70 is received10)A cheque customer returned $400 goods to him for a refund参考答案1、单选题1-5 CCACB 6-10 DCDCD 11-15 ABCDD 16-20 CBABA2、翻译题1）中翻英1.Dr disposal of fixed assetDepreciationCr fixed asset2. Dr BankCr Tradable financial assetInvestment income3．Dr accrued payrollCr cash4．Dr bankCr other operating revenueAccrued tax-V AT (output)5．Dr accrued notesCr bank2) 英翻中1.编制单位：ABC 资产负债表时间：2010年12月31日单位：欧元2.非流动资产3.无形资产4.固定资产5.长期股权投资6.持有至到期投资7.递延所得税资产8.流动资产9.应收账款及其他应收款10.货币资金11.非持续性经营资产12.资产总计13.负债14.流动负债15.应付职工薪酬16.应付股利17.应付账款18.非流动负债19.负债总计20.净资产3、阅读题1)Outline the criterias of recognition of intangible assets （5分）IAS 38 states that an intangible asset is to be recognised if, and only if, the following criteria are met: it is probable that future economic benefits from the asset will flow to the entity, the cost of the asset can be reliably measured.2)Criterias to recognised as developmentthe technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset;existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably.3)Identify the accounting treatment of research phase （10分）IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.4)Identify the accounting treatment of development phase （10分）intangible asset arising from development must be capitalised Once development costs have been capitalised, the asset should be amortised in accordance with the accruals concept over its finite life. Amortisation must only begin when commercial production has commenced.4、业务题1)Dr bankCr capital2)Dr finished goodsCr bank3)Dr bankCr sales revenue4)Dr accounts receivableCr sales revenue5)Dr finished goodsCr accrued accounts6)Dr administrativeCr bank7)Dr bankCr accounts receivable8)Dr bankCr finished goods9)Dr bankCr financial expense10)Dr sales revenueCr bank。

浙江大学继续教育学院试卷模拟卷答案课程代码名称_会计英语__ 考试时间：90分钟--------------------------------------------------------------------------------请保持卷面整洁，答题字迹工整。

一、汉译英（共15小题，每小题2分，共30分）1.会计信息质量特征: qualitative characteristic of accounting information2.及时性: timeliness3.净利润: net profit （net income）4.报告期间: reporting period5.资本支出: capital expenditure6.流动性资源: liquid resource7.经营活动: operating activities8.投资报酬: returns from investment9.总资产报酬率: rate of return on total assets10.市盈率: price-earnings ratio11.直接人工: direct labor12.期间费用: period expense13.股利支付率: dividend yield rate14.利息获利倍数: times interest earned15.资产负债率: debts to total assets ratio二、单选题（共10小题，每小题2分，共20分）1. Contribution margin （revenue minus variable costs）is an important tool for （）.A. financial ratio analysisB. horizontal analysisC. vertical analysisD. cost-volume-profit analysis2. In manufacturing operations, the costs of direct materials and direct labor are ( ) with respect to the number of units manufactured.A. semivariable costsB. semifixed costsC. variable costsD. fixed costs3. One of the major characteristics of an accounting asset is：The asset must be capable of measurement in ( ).A. physical termsB. monetary termsC. cashD. units4. The balance sheet is concerned with setting out the financial position of a business （）.A. at one moment in timeB. at one dayC. over a periodD. during a period5. The purpose of （）is to measure and report how much profit (wealth) the business has generated over a period.A. the balance sheetB. the cash flow statementC. the income statementD. the financial statement6. The( ), also known as the acid-test ratio, shows the relationship between highly liquid (quick) assets and current liabilities.A. financial ratioB. quick ratioC. current ratioD. leverage ratio7.（）represent creditors claims to the firms assets.A. EquitiesB. LiabilitiesC. AssetsD. Capitals8. The ( ) figure represents the cost of goods which were sold during the period. rather than the cost of goods purchased during the period.A. revenueB. cost of salesC. expenseD. income9. When financial statement amounts for two or more years are placed side by side in adjacent columns, such a statement is called ( )A. a common-size financial statementB. trend percentageC. a comparative financial statementD. component percentage10. Accounting information should be free from any material error or bias. It should be capable ofbeing relied on by users to represent what it is supposed to represent. That means accounting information should be （）.A. relevanceB. reliabilityC. comparabilityD. understandability三、英译汉（共4小题，每小题的得分见各题中具体标注，共50分）1.(10分)The ability to generate revenues is often viewed as one of the important keys to success for a company. As important as generating revenues, controlling expenses is also a barometer（晴雨表）of a company’s success.创造收入的能力常常被看作一个公司成功的关键之一。

会计专业英语练习题Chapter 2 Accounting Concepts and PrinciplesAsset 资产Liability 负债Equity 所有者权益、股本Revenue 收⼊Expense 费⽤Gain 利得Loss 损失For each item below, indicate to which category of elements of financial statements it belongs.每个项⽬下⾯，说明这类财务报表要素属于.(a) Retained earnings 留存收益equity(b) Sales 销售revenue(c) Additional paid-in capital 股本溢价equity(d) Inventory 存货asset(e) Depreciation 折旧费expense(f) Dividends 股息equity(g) Gain on sale of investment 出售投资收益gain(h)Interest payable 应付利息liability(i)Loss on sale of equipment销售设备的亏损loss(j) Issuance of commonstock发⾏普通股equityChapter 3 Financial Statements(a)Current assets.(b)Investments.(c)Property, plant, andequipment.(d)Intangible assets.(e)Other assets.(a)流动资产(b)投资(c 固定资产(d)⽆形资产(e)其他资产InstructionsIndicate by letter where each of thefollowing1.Preferred stock.2.Goodwill.3.Wages payable.4.Trade accounts payable.5.Buildings.6.Trading securities.7.Current portion of long-termdebt.8.Premium on bonds payable.9.Allowance fordoubtful accounts.10.A ccountsreceivable.s balance sheetCurrent liabilities.Non-current liabilities.Capital stock.Additional paid-in capital. Retained earnings.(f)流动负债(g)⾮流动负债。

英语会计模拟考试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a primary financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Payroll ReportAnswer: D2. The process of measuring the value of a company's assets and liabilities is known as:A. ValuationB. ReconciliationC. DepreciationD. AmortizationAnswer: A3. What is the formula for calculating the Return on Investment (ROI)?A. (Net Income / Total Assets) * 100B. (Net Income / Total Equity) * 100C. (Return - Investment) / Investment * 100D. (Return / Investment) * 100Answer: D4. Which of the following is an example of a contingent liability?A. Accounts PayableB. Unearned RevenueC. Warranty ObligationsD. Notes PayableAnswer: C5. The accounting equation is:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Equity = Assets + LiabilitiesAnswer: A二、填空题（每空1分，共10分）6. The term "double-entry" in accounting refers to thepractice of recording each transaction in at least ________ accounts.Answer: two7. When a company pays off its debts, it is known as ________.Answer: debt reduction8. The accounting principle that requires companies to report revenues and expenses in the period in which they are earnedor incurred is called the ________.Answer: matching principle9. The process of estimating the useful life of an asset is known as ________.Answer: depreciation10. A budget is a financial plan that outlines a company's expected ________ and expenses for a specific period.Answer: revenues三、简答题（每题5分，共30分）11. Explain the difference between an asset and a liability.Answer: An asset is a resource controlled by a company as a result of past events and provides future economic benefits.A liability is an obligation or debt that arises from past events, which the company has little or no discretion to avoid, and involves the transfer of assets or services toother entities in the future.12. What is the purpose of an income statement?Answer: The purpose of an income statement is to summarize a company's revenues, gains, expenses, and lossesduring a specific period, providing information on the company's profitability.13. Describe the accounting cycle.Answer: The accounting cycle is a systematic process that includes identifying, recording, and summarizing business transactions. It starts with the analysis of transactions, journalizing, posting to ledger accounts, preparing an adjusted trial balance, closing entries, and finally, preparing financial statements.14. What is the purpose of a balance sheet?Answer: The purpose of a balance sheet is to provide a snapshot of a company's financial position at a specific point in time, showing the company's assets, liabilities, and equity.15. Explain the concept of depreciation.Answer: Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It is a non-cash expense that reflects the consumption of the asset's economic benefits over time.四、计算题（每题10分，共40分）16. Calculate the depreciation expense for a machine that costs $100,000 with a useful life of 5 years and no residual value using the straight-line method.Answer: Depreciation Expense = (Cost - Residual Value) / Useful Life = ($100,000 - $0) / 5 = $20,000 per year.17. If a company has revenues of $500,000 and expenses of $300,000, what is the net income?Answer: Net Income = Revenues - Expenses = $500,000 - $300,000 = $200,000.18. A company has total assets of $1,200,000 and total liabilities of $600,000. What is the equity?Answer: Equity = Total Assets - Total Liabilities = $1,200,000 - $600,000 = $600,000.19. Calculate the return on investment (ROI) for an investment of $50,000 that returns $10,000.Answer: ROI = (Return / Investment) * 100 = ($10,000 / $50,000) * 100。

TRUE/FALSE1.The excess of revenue over the expenses incurred in earning the revenue is called capital.FANS: F DIF: 2 OBJ: 082.Drawings are an example of an expense.ANS: F DIF: 2 OBJ: 013.An adjusting entry would adjust revenue so it is reported when earned and not when cash is received.ANS: T DIF: 2 OBJ: 024.A company depreciates its equipment $350 a year. The adjusting entry for December 31 is debitDepreciation Expense, $350 and credit Equipment, $350.TANS: F DIF: 4 OBJ: 035.After Net Income or Loss is entered on the work sheet, the debit column total must equal the creditcolumn total for the Balance Sheet pair of columns.TANS: T DIF: 3 OBJ: 026.The income summary account is closed to the owner's capital account.TANS: T DIF: 1 OBJ: 047.Accounts in the ledger are usually maintained in alphabetical order.ANS: F DIF: 2 OBJ: 018.The increase side of all accounts is the normal balance.FANS: T DIF: 2 OBJ: 039.The ending merchandise inventory for 2005 is the same as the beginning merchandise inventory for2006.TANS: T DIF: 2 OBJ: 0210.In a perpetual inventory system, when merchandise is returned to the seller, Cost of Merchandise Soldis one of the accounts debited to record the transaction.YANS: T DIF: 2 OBJ: 0311.When an account receivable that has been written off is subsequently collected, the accountreceivable is reinstated.YANS: T DIF: 2 OBJ: 0412.A note receivable can be sold to a financial institution to secure cash before the maturity date. Thistype of transaction is called discounting the note receivable.YANS: T DIF: 1 OBJ: App13.All property, plant, and equipment assets are depreciated over time.FANS: F DIF: 2 OBJ: 0114.Capital expenditures are costs that are charged to Stockholders' Equity accounts.YANS: F DIF: 1 OBJ: 0315.Interest expense is reported in the operating expense section of the income statement.FANS: F DIF: 2 OBJ: 0216.Dividends in arrears are liabilities of the corporation.FANS: F DIF: 2 OBJ: 0317.A large retained earnings account means that there is cash available to pay dividends.YANS: F DIF: 2 OBJ: 0718.The amortization of a premium on bonds payable decreases bond interest expense.ANS: T DIF: 2 OBJ: 0419.The effective-interest method of amortizing a bond discount or premium is the preferred methodANS: T DIF: 2 OBJ: 0420.If two companies have the same current ratio, their ability to pay short-term debt is the same.FANS: F DIF: 2 OBJ: 02MULTIPLE CHOICE1.Which of the following is not a step in providing accounting information to stakeholders?Aa. design the accounting information systemb. prepare accounting surveysc. identify stakeholdersd. record economic dataANS: B DIF: 3 OBJ: 022.Which of the following applications of the rules of debit and credit is true?a. decrease Prepaid Insurance with a credit and the normal balance is a creditb. increase Accounts Payable with a credit and the normal balance is a debitc. increase Supplies Expense with a debit and the normal balance is a debitd. decrease Cash with a debit and the normal balance is a creditANS: C DIF: 3 OBJ: 033.A debit may signify a(n)a. decrease in asset accountsb. decrease in liability accountsc. increase in the capital accountd. decrease in the drawing accountANS: B DIF: 1 OBJ: 034.Which of the following applications of the rules of debit and credit is true?a. decrease Prepaid Insurance with a credit and the normal balance is a creditb. increase Accounts Payable with a credit and the normal balance is a debitc. increase Supplies Expense with a debit and the normal balance is a debitd. decrease Cash with a debit and the normal balance is a creditANS: C DIF: 3 OBJ: 03ing accrual accounting, expenses are recorded and reported onlya. when they are incurred, whether or not cash is paidb. when they are incurred and paid at the same timec. if they are paid before they are incurredd. if they are paid after they are incurredANS: A DIF: 3 OBJ: 016.If there is a balance in the prepaid rent account after adjusting entries are made, it represents a(n)Aa. deferralb. accrualc. revenued. liabilityANS: A DIF: 2 OBJ: 037.A net loss appears on the work sheet in thea. debit column of the Balance Sheet columnsb. credit column of the Balance Sheet columnsc. debit column of the Income Statement columnsd. credit column of the Adjustments columnsANS: A DIF: 2 OBJ: 028.On August 1, a company collects revenue in advance for the next twelve months and credits a liabilityaccount. The adjusting entry at year end on the work sheet wouldABCa. increase a liability accountb. decrease an asset accountc. decrease a revenue accountd. decrease a liability accountANS: D DIF: 3 OBJ: 029. A company, using the periodic inventory system, has merchandise inventory costing $140 on handat the beginning of the period. During the period, merchandise costing $400 is purchased. At year-end, merchandise inventory costing $180 is on hand. The cost of merchandise sold for the year isa. $720b. $550c. $360d. none of the aboveANS: C DIF: 4 OBJ: 0210.Which of the following accounts should be closed to Income Summary at the end of the fiscalyear?ACD？a. Merchandise Inventoryb. Accumulated Depreciationc. Drawingd. Cost of Merchandise SoldANS: D DIF: 1 OBJ: Ap211.The two methods of accounting for uncollectible receivables are the allowance method and the Ba. equity methodb. direct write-off methodc. interest methodd. cost methodANS: B DIF: 2 OBJ: 0312.Allowance for Doubtful Accounts has a credit balance of $1,100 at the end of the year (beforeadjustment), and an analysis of customers' accounts indicates doubtful accounts of $12,900.Which of the following entries records the proper provision for doubtful accounts?Da. debit Uncollectible Accounts Expense, $14,000; credit Allowance for Doubtful Accounts,$14,000b. debit Allowance for Doubtful Accounts, $14,000; credit Uncollectible Accounts Expense,$14,000c. debit Allowance for Doubtful Accounts, $11,800; credit Uncollectible Accounts Expense,$11,800d. debit Uncollectible Accounts Expense, $11,800; credit Allowance for Doubtful Accounts,$11,800ANS: D DIF: 3 OBJ: 0413.A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4years or 18,000 hours. What is the amount of depreciation for the second full year, using the declining-balance method at double the straight-line rate?Aa. $15,000b. $30,000c. $16,250d. $32,500ANS: C DIF: 3 OBJ: 0214.A capital expenditure results in a debit to Da. an expense accountb. a capital accountc. a liability accountd. an asset accountANS: D DIF: 1 OBJ: 0315.Pilgrim Company sells merchandise with a one year warranty. In 2008, sales consisted of 1,500 units.It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2008 and 70% in 2009. In the 2008 income statement, Pilgrim should show warranty expense of Aa. $4,500b. $10,500c. $15,000d. $0ANS: C DIF: 3 OBJ: 0316.The journal entry a company uses to record the issuance of a note for the purpose of borrowing funds forthe business is Ba. debit Accounts Payable; credit Notes Payableb. debit Cash; credit Notes Payablec. debit Notes Payable; credit Cashd. debit Cash and Interest Expense; credit Notes PayableANS: B DIF: 2 OBJ: 0217.The par value per share of common stock represents Aa. the minimum selling price of the stock established by the articles of incorporation.b. the minimum amount the stockholder will receive when the corporation is liquidatedc. an arbitrary amount established in the articles of incorporationd. the amount of dividends per share to be received each yearANS: C DIF: 1 OBJ: 03, 0418.Hurd Company acquired a building valued at $160,000 for property tax purposes in exchange for 10,000shares of its $5 par common stock. The stock is widely traded and selling for $15 per share. At what amount should the building be recorded by Hurd Company?Aa. $50,000b. $150,000c. $160,000d. $200,000ANS: B DIF: 1 OBJ: 0419.The entry to record the amortization of a premium on bonds payable isa. debit Premium on Bonds Payable, credit Interest Expenseb. debit Interest Expense, credit Premium on Bond Payablec. debit Interest Expense, debit Premium on Bonds Payable, credit Cashd. debit Bonds Payable, credit Interest ExpenseANS: C DIF: 3 OBJ: 0420. The following information is available for Duncan Co.:2006 Dividends per share of common stock $ 1.40Market price per share of common stock 17.50Which of the following statements is correct?Ca. The dividend yield is 8.0%, which is of interest to investors seeking an increase in marketprice of their stocks.b. The dividend yield is 8.0%, which is of special interest to investors seeking current returns ontheir investments.c. The dividend yield is 12.5%, which is of interest to bondholders.d. The dividend yield is 8.0 times the market price, which is important in solvency analysis.ANS: B DIF: 3 OBJ: 03Problems8.The balances in the ledger of Landscape Services as of December 31, 2005 before adjustments, are asfollows:Cash $ 4,500 Capital Stock $20,000 Supplies 4,150 Retained Earnings 13,050 Prepaid Insurance 8,700 Dividends 2,900 Equipment 42,000 Service Revenue 52,500 Accumulated Salary Expense 28,500 Depreciation 10,200 Rent Expense 5,000Adjustment data are as follows: supplies on hand, December 31, $1,000; insurance expired for December, $900; depreciation on equipment for December, $1,500; salaries accrued, December 31, $1,000.(a) Prepare a ten-column worksheet for Landscape Services for December, 2005.(b) On the basis of the worksheet in (a), present the following in good order: (1) incomestatement, (2) retained earnings statement (no additional investments were made duringthe month), and (3) balance sheet.(c) On the basis of the worksheet in (a), journalize the closing entries as of December 31,2005.ANS:(a)Landscape ServicesWorksheetFor the Month Ended December 31, 2005 ) ) ) )Trial Balance Adjustments ) Account Title Dr. Cr. Dr. Cr. )Cash 4,500 ..... ..... ..... ) Supplies 4,150 ..... ..... (a) 3,150 ) Prepaid Insurance 8,700 ..... ..... (b) 900 ) Equipment 42,000 ..... ..... ..... ) Accumulated Depreciation ..... 10,200 ..... (c) 1,500 ) Capital Stock ..... 20,000 ..... ..... ) Retained Earnings ..... 13,050 ..... ..... ) Dividends 2,900 ..... ..... ..... ) Service Revenue ..... 52,500 ..... ..... ) Salary Expense 28,500 ..... (d) 1,000 ..... ) Rent Expense 5,000 ..... ..... ..... )95,750 95,750 )) Supplies Expense ..... ..... (a) 3,150 ..... ) Insurance Expense ..... ..... (b) 900 ..... ) Depreciation Expense ..... ..... (c) 1,500 ..... )Salaries Payable ..... ..... ..... d) 1,000 ) Net Income 6,550 6,550 )) (( Adjusted(Trial Balance Income Statement Balance Sheet( Dr. Cr. Dr. Cr. Dr. Cr. (( 4,500 ..... ..... ..... 4,500 ..... ( 1,000 ..... ..... ..... 1,000 ..... ( 7,800 ..... ..... ..... 7,800 ..... (42,000 ..... ..... ..... 42,000 ..... ( ..... 11,700 ..... ..... ..... 11,700 ( ..... 20,000 ..... ..... ..... 20,000 ( ..... 13,050 ..... ..... ..... 13,050 ( 2,900 ..... ..... ..... 2,900 ..... (...... 52,500 ..... 52,500 ..... ..... ( 29,500 ..... 29,500 ..... ..... ..... ( 5,000 ..... 5,000 ..... ..... ..... ( 3,150 ..... 3,150 ..... ..... ..... ( 900 ..... 900 ..... ..... ..... ( 1,500 ..... 1,500 ..... ..... ..... ( ..... 1,000 ..... ..... ..... 1,000 (98,250 98,250 40,050 52,500 58,200 45,750 (====== ====== 12,450 ...... ...... 12,450 ( 52,500 52,500 58,200 58,200 ( ====== ====== ====== ======(b) (1)Landscape ServicesIncome StatementFor the Month Ended December 31, 2005Service revenue $52,500 Operating expenses:Salary expense $29,500Rent expense 5,000Supplies expense 3,150 Depreciation expense 1,500Insurance expense 900Total operating expenses 40,050 Net income $12,450(2)Landscape ServicesRetained Earnings StatementFor the Month Ended December 31, 2005Retained Earnings, December 1, 2005 $13,050 Net income for the month $12,450Less dividends2,900Increase in owner's equity 9,550 Retained Earnings, December 31, 2005 $22,600(3)Landscape ServicesBalance SheetDecember 31, 2005Assets LiabilitiesCurrent assets:Cash $ 4,500 Current liabilities:Supplies 1,000 Salaries payable $ 1,000 Prepaid insurance 7,800Total currentassets $13,300 Stockholders' EquityCapital Stock 20,000 Property, plant, andRetained Earnings 13,050 equipment:Equipment... $42,000 Total stockholders' Equity 33,050 Less accumulated$43,600 depreciation 11,700 Total Liabilities andStockholders'Total property, Equityplant, andequipment 30,300Total assets $43,600(c)Closing EntriesJan. 31 Service Revenue 52,500Income Summary 52,50031 Income Summary 40,050Salary Expense 29,500Rent Expense 5,000Supplies Expense 3,150Insurance Expense 900Depreciation Expense 1,50031 Income Summary 12,450Retained Earnings 12,45031 Retained Earnings 2,900Dividends 2,900。

会计英语的考试题目及答案会计英语考试题目及答案一、选择题（每题2分，共20分）1. What is the term used to describe the process of recording financial transactions in a company's books?A. BudgetingB. AccountingC. AuditingD. Forecasting答案：B2. Which of the following is not a type of financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Sales Report答案：D3. The process of ensuring that the financial records are accurate and complete is known as:A. BookkeepingB. AccountingC. AuditingD. Reporting答案：C4. What is the primary purpose of an income statement?A. To show the financial position of a company at a specific point in time.B. To show the changes in equity of a company over a period of time.C. To show the profitability of a company over a period of time.D. To show the cash inflows and outflows of a company over a period of time.答案：C5. Which of the following is not a principle of accounting?A. Accrual BasisB. ConsistencyC. MaterialityD. Fair Value答案：D6. The term "double-entry bookkeeping" refers to the practice of:A. Recording transactions twice in different accounts.B. Recording transactions in two different ways.C. Recording debits and credits for every transaction.D. Recording transactions in two different books.答案：C7. The accounting equation is:A. Assets = Liabilities + EquityB. Assets - Liabilities = EquityC. Liabilities - Equity = AssetsD. Equity - Assets = Liabilities答案：A8. What is the purpose of depreciation in accounting?A. To increase the value of an asset.B. To allocate the cost of a tangible asset over its useful life.C. To sell an asset.D. To calculate the profit of a company.答案：B9. Which of the following is a non-current liability?A. Accounts PayableB. Wages PayableC. Long-term DebtD. Taxes Payable答案：C10. The term "revenue recognition" refers to the process of:A. Recognizing expenses when they are paid.B. Recognizing revenues when they are earned.C. Recognizing assets when they are acquired.D. Recognizing liabilities when they are incurred.答案：B二、简答题（每题5分，共20分）1. Explain the difference between "cash basis" and "accrual basis" accounting.答案：Cash basis accounting records transactions when cash is received or paid, whereas accrual basis accounting records transactions when they are earned or incurred, regardless of the cash flow.2. What is the purpose of a balance sheet?答案：The purpose of a balance sheet is to present thefinancial position of a company at a specific point in time, showing what the company owns (assets), what it owes (liabilities), and the net worth of the company's owners (equity).3. Define "depreciation" in the context of accounting.答案：Depreciation is the systematic allocation of the costof a tangible asset over its useful life, reflecting the consumption of the asset's economic benefits over time.4. What is the importance of an audit in the financial reporting process?答案：An audit provides an independent assessment of the accuracy and completeness of a company's financial statements, enhancing their credibility and reliability for stakeholders.三、案例分析题（每题15分，共30分）1. Assume you are an accountant for a company that has just sold a product for $10,000 on credit. Prepare the journalentry for this transaction under both cash basis and accrual basis accounting.答案：Under cash basis, no journal entry is made until cashis received. Under accrual basis, the journal entry would be: Dr. Accounts Receivable $10,000Cr. Revenue $10,0002. A company has the following transactions in January: purchased office supplies for $500 in cash, received $2,000for services provided in December, and accrued $1,500 in wages for January. Prepare the adjusting entries for these transactions at the end of January.答案：The adjusting entries would be:Dr. Office Supplies Expense $500Cr. Office Supplies $500 (for cash purchase)Dr. Accounts Receivable $2,000Cr. Revenue $2,000 (for services provided in December)Dr. Wages Payable $1,500Cr. Wages Expense $1,500 (for accrued wages)四、论述题（每题15分，共30分）1. Discuss the role of ethics in accounting and provide examples of ethical dilemmas that an accountant might face. 答案。

《会计专业英语》模拟题（开卷）（补）1．Complete the translation between Chinese and English:（1）salvage value（2）depreciation（3）ratio analysis（4）所有者权益（5）fiscal year（6）uncollectible accounts（7）double entry system（8）petty cash（9）流动资产（10）gross profit（11）first in first out（12）资产负债表（13）common-size analysis（14）corporations（15）经济业务（16）short-term debt-paying ability2．Label the following accounts as asset (A), liability (L), owner’s equity (OE), revenues (R) or expense (E)（1）Office Supplies（2）Professional Fees（3）Prepaid Insurance（4）Salary expense（5）Accounts Payable（6）Service Income（7）R. L. Osborn, Capital（8）Rent Expense（9）Accounts Receivable（10）Notes payable3. Answer the question related to the topic of the conversationW h y I s n’t T h e A c c o u n t i n g A M i r r o r o f W h a t H a p p e n e d?J o h n:L e a n n e,c a n y o u e x p l a i n w h a t’s g o i n g o n h e r e w i t h t h e s e m o n t h l y s t a t e m e n t s?L e a n n e:S u r e,J o h n.H o w c a n I h e l p y o u?J o h n:I d o n’t u n d e r s t a n d t h i s l a s t–i n,f i r s t–o u t i n v e n t o r y p r o c e d u r e.I t j u s t d o e s n’t m a k e s e n s e.L e a n n e:W e l l,w h a t i t m e a n s i s t h a t w e a s s u m e t h a t t h e l a s t g o o d s w e r e c e i v e a r e t h e f i r s t o n e s s o l d.S o t h e i n v e n t o r y i s m a d e u p o f t h e i t e m s w e p u r c h a s e d f i r s t.John: Yes, but that’s my problem. It doesn’t work that way! We always distr ibute the oldest produce first. So me of that produce is perishable! We can’t keep any of it very long orit’ll spoil.L e a n n e:J o h n,y o u d o n’t u n d e r s t a n d.W e o n l y a s s u m e t h a t t h e p r o d u c t s w e d i s t r i b u t e a r e t h e l a s t o n e s r e c e i v e d.W e d o n’t a c t u a l l y h a v e t o d i s t r i b u t e t h e g o o d s i n t h i s w a y.J o h n:I a l w a y s t h o u g h t t h a t a c c o u n t i n g w a s s u p p o s e d t o s h o w w h a t r e a l l y h a p p e n e d.I t a l l s o u n d s l i k e“m a k e b e l i e v e”t o m e!W h y n o t r e p o r t w h a t r e a l l y h a p p e n s?Q u e s t i o n:H o w w o u l d y o u r e s p o n d t o J o h n i f y o u w e r e L e a n n e?4. Casey Electronics’ ending inventor y consists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostB e g i n n i n g i n v e n t o r y34$270$9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand?5. You are given the following balance sheet and income statement for 2002 and 2003:Table A Balance Sheet for 2002 and 2003(all values in thousands of dollars)2002 2003 _______________________________________________________________ AssetsCash 200 300Marketable securities 300 200Receivables. 800 1,000Inventory 1,200 1,000Fixed assets 3,300 3,700Total assets. 5,800 6,200Liabilities and common equityAccounts payable 300 200Notes payable 200 300Other current liabilities 1,000 800Long-term debt 1,000 1,200Common equity . 3,300 3,700Total liabilities and common equity 5,800 6,200Table B Income Statement for 2003__________________________________________________Sales $1,000,000Operating and other costs - 700,000EBIT . 300,000Interest . - 100,000Profits before taxes 200,000Tax at 40% rate - 80,000Profits after taxes 120,000____________________________________________________Calculate the following ratios for 2002:(1)the current ratio(2)the debt to equity ratio(3)the quick ratio6．Translate the followings into ChineseThere are several specialized fields of accounting in practice. The two most common are financial accounting and management accounting. Other fields include cost accounting, environmental accounting, tax accounting, international accounting, not-for-profit accounting, and social accounting.7．Choose the best answer from A, B, C, D to complete the sentence or to answer the question:（1）Which of these is (are) an example of an asset account? ____.A. Service RevenueB. WithdrawalsC. SuppliesD. All of the above（2）Which of the following is not affected by the inventory valuation method used by a business?_____.A. Amounts owed for income taxesB. Cost of merchandise soldC. Amounts paid to acquire merchandiseD. Net income of the business（3）Aftin Co. performs services on account, when Aftin collects the account receivable____.A. assets increaseB. assets do not changeC. owner’s equity decreasesD. liabilities decrease8．Casey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses FIFO method, how should it calculate the cost of the 182 CD players on hand?9．On July 1, Cruz opened Cruz Auto Detail company .During July, the following transactions were completed:（1）Cruz invests $70,000 cash in her new business.（2）Buys equipment costing $43,000, paying cash.（3）Buys equipment costing $7,000 on credit from Williams Auto Supply.（4）Pays $2,000 to Williams Auto Supply, to be applied against the firm's liability of $7,000. （5）Buys buffer pads, cleaners, and waxes on account from Rossi and Company, $800.（6）Cash revenue received, $3,520.（7）Pays rent for the month, $900.（8）Pays for a one-year vehicle insurance policy, $360.（9）Receives bill for newspaper advertising from Valley News, $400.（10）Cruz Auto Detail signed a contract with Costello Taxi to perform detailing work and then bills Costello Taxi $1,050 for services performed.（11）Pays $2,000 to Williams Auto Supply as part payment on account.（12）Receives and pays bill for utilities from Midwest Power, Inc., $160.（13）Pays Valley News for advertising, $400 in full. (This bill has been previously recorded.) （14）Pays wages of part-time employees, $1,400.（15）Buys additional equipment costing $1,500 from Williams Auto Supply, paying $600 down with the remaining $900 on account.（16）Receives $850 from Costello Taxi to apply on account previously billed.（17）Cash revenue received, $2,700.（18）Cruz withdraws cash for personal use, $3,000.Instructions（1）Record the transactions with “Dr.”and “Cr.”.（2）At the end of June Company needs make adjustment as follows:a. To record the cost of supplies used during July, $540.b. To record the insurance expired during July, $30.c. To record the depreciation for the month of July, $520.d. To record accrued waged owed at the end of July, $290.Prepare Adjusted Trail Balance on July 31.Cruz Auto DetailAdjusted Trail Balance10. On July 1, N. B. Edgar opened Coin-Op Laundry. Edgar’s accountant listed the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, DrawingLaundry Revenue Wages ExpenseRent Expense Utilities Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a.Edgar deposited $20,000 in a bank account in the name of the business.b.Bought tables and chairs for cash, $450c.Paid the rent for the current month, $705d.Bought washers and dryers from Eldon Equipment, $17,400, paying $4,000 in cash andplacing the balance on account.e.Bought laundry supplies on account from Borkal Distributors, $410.f.Sold services for cash, $862.g.Bought insurance for one year, $468.h.Paid on account to Eldon Equipment, a creditor, $550.i.Received and paid the electric bill, $118.j.Paid on account to Borkal Distributors, a creditor, $145.k.Sold services to customers for cash for the second half of the month, $881.l.Received and paid the bill for the business license, $45.m.Paid wages to an employee, $1,146.n.Edgar withdrew cash for personal use, $875.InstructionsRecord the transactions in the T accounts.Prepare an income statement as for July 31.1．Complete the translation between Chinese and English:（1）残值（2）折旧（3）比率分析法（4）owner’s equity（5）会计年度（6）坏账（7）复式记账（8）备用金（9）current assets（10）毛利（11）先进先出法（12）balance sheet（13）结构分析法（14）集团公司（15）transaction（16）短期偿债能力2．Label the following accounts as asset (A), liabilit y (L), owner’s equity (OE), revenues (R)3. Answer the question related to the topic of the conversationAnswer in English the question related to the topic of the conversationIn inventory accounting, we need compute the amounts of cost for good sold and ending inventory. However, the inventory of some firms is sufficiently similar that the firm can’t feasibly use specific identification costs. So it must make some assumption to compute the cost of units sold and units remained in inventory, which is called cost flow assumptions, and one of them is LIFO. LIFO usually doesn’t reflect physical floes, but firms use it since in a period of rising acquisition costs. LIFO’s higher (than FIFO) cost-of-goods-sold figure reduces reported income and income taxes.4. Casey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:34 Units(beginning inventory) @ $270 each = $9180. 60 Units(first purchase) @$282 each = 16920. 88 Units(second purchase) @$298 each = 26224182 Units $523245. You are given the following balance sheet and income statement for 2002 and 2003(1) current ratio = current assets / current liabilities= 2,500 / 1,500 = 1.67(2) debt to equity ratio = total liabilities / total stockholders equity= 2,500/3,300 = 75.76%(3) quick ratio = (current assets – inventories) / current liabilities= 1,300 / 1,500 = 0.866. Translate the followings into Chinese在实务中，会计有不同的分类。

会计英语实训考试题及答案一、选择题（每题2分，共20分）1. What is the basic accounting equation?A. Assets = Liabilities + EquityB. Revenue – Expenses = Net IncomeC. Assets = Liabilities – EquityD. Liabilities = Assets – Equity答案：A2. Which of the following is not an accounting principle?A. ConsistencyB. MaterialityC. TimelinessD. Flexibility答案：D3. What is the purpose of adjusting entries?A. To correct past errorsB. To update the financial records for the current periodC. To prepare for the next accounting periodD. To estimate future revenues答案：B4. What is the term for the process of recording transactions in the general journal?A. JournalizingB. PostingC. ClosingD. Adjusting答案：A5. Which of the following is a type of liability?A. Common stockB. Retained earningsC. Accounts payableD. Dividends payable答案：C6. What is the accounting term for the cost of goods sold?A. COGSB. CGSC. COSD. SGA答案：A7. What is the purpose of a trial balance?A. To summarize the financial statementsB. To prove the accuracy of the accounting recordsC. To calculate the net incomeD. To determine the value of assets答案：B8. What is the accounting term for the amount of money a company owes to its suppliers?A. Accounts receivableB. Accounts payableC. Notes payableD. Accrued liabilities答案：B9. What is the term for the process of transferring journal entries to the ledger accounts?A. JournalizingB. PostingC. ClosingD. Adjusting答案：B10. Which of the following is not a financial statement?A. Balance sheetB. Income statementC. Cash flow statementD. Budget答案：D二、简答题（每题10分，共30分）1. Explain the difference between revenue and income.答案：Revenue refers to the inflow of cash or other assets from normal business operations. Income, on the other hand,is the net result of revenues and gains minus the expensesand losses. It is a measure of profitability over a period of time.2. What are the steps involved in the accounting cycle?答案：The accounting cycle involves the following steps: 1) Identifying and recording transactions, 2) Journalizing, 3) Posting to the ledger accounts, 4) Preparing a trial balance, 5) Adjusting entries, 6) Posting adjustments, 7) Preparing an adjusted trial balance, 8) Closing entries, and 9) Preparing financial statements.3. What is the purpose of depreciation in accounting?答案：Depreciation is the systematic allocation of thecost of a tangible asset over its useful life. It is used to match the expense of using the asset with the revenue it generates over time, in accordance with the matchingprinciple.三、案例分析题（每题25分，共50分）1. Assume you are the accountant for a company that has just purchased a piece of equipment for $50,000. The equipment is expected to have a useful life of 5 years and no residual value. Calculate the annual depreciation expense using the straight-line method.答案：The annual depreciation expense using the straight-line method is calculated as follows:Cost of the equipment = $50,000Useful life = 5 yearsAnnual depreciation expense = (Cost of the equipment –Residual value) / Useful lifeAnnual depreciation expense = ($50,000 – $0) / 5 = $10,0002. A company has the following transactions for the month of January:- Purchased inventory on credit for $20,000.- Sold inventory on credit for $30,000.- Paid cash for office supplies of $1,000.- Received cash from customers for $25,000.- Paid cash for salaries of $15,000.Prepare the journal entries for these transactions.答案：a) Purchase of inventory on credit:Dr. Inventory $20,000Cr. Accounts Payable $20,000b) Sale of inventory on credit:Dr. Accounts Receivable $30,000Cr. Sales Revenue $30,000c) Payment for office supplies。