财会专业英语期末试卷及答案

财会专业英语》期终试卷

the following into corresponding groups. (15 points) on hand

receivable to suppliers

4.Other receivables loans assets of production year profit 9. Capital reserve loans payables 12. Con-operating expenses expenses of sale 1

5. Accrued payroll

II. Please find the best answers to the following questions. (25 Points)

1.Aftin Co. performs services on account when Aftin collects the

account receivable

increase do not change

's equity decreases decrease

2.A balance sheet report .

A.the assets, liabilities, and owner' s equity on a particular date

B.the change in the owner ' s capital during the period

C.the cash receipt and cash payment during the period

D.the difference between revenues and expenses during the period

3.The following information about the assets and liabilities at the

end of 20 x 1 and 20 x 2 is given below:

20 x 1 20 x 2

Assets $ 75,000 $ 90,000

Liabilities 36,000 45,000

how much the owner 'sequity at the end of 20 x 2 ?

A.$ 4,500

B.$ 6,000

C.$ 45,000

D.$ 43,000

4.Traylor Companyp aid $ 2,850 on account. The effect of this transaction on the accounting equation is to .

A.Decrease assets and decrease owner 's equity

B.Increase liabilities and decrease owner 's equity

C.Have no effect on total assets

D.Decrease assets and decrease liabilities

5.The entry to record the collection of $ 890 from a customer on account is .

A. Payable

Cr. Cash 890

890

B. 890

Cr. Accounts Receivable 890

C. 890

Cr. Account Payable 890

D. 890

Cr. Service Revenue 890

6.The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total $ 135,100, then the beginning Cash amount must have

A.$ 68,400

B.$ 46,800

C. $ 181,900 be determined from the information

given

e the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .

Accounts receivable $ 7,200

Accounts payable $ 6,900

Building $ 179,400

Cash $ 15,800

Capital $ 64,000

Insurance expense $ 6,500

Salary expense $ 56,100

Salary payable $ 3,600

Service revenue $ 190,500

A. $ 201,000

B. $ 137,100

C. $ 265,000

D. $ 74,500

8.ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account?

A $ 500

B.$ 900

C.$ 1,200

D.$ 1,500

debit side of an account is used to record

C. increases or decreases,depending on the type of account

,began the year with total assets of $120,000,liabilities of

$70,000,and owner's equity of $50, the year ABC earned revenue of $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owner ' s equity at the end of the year?

A.$150,000

B.$180,000

C.$190,000

D.$220,000

11．Which of the following is true? __ .