会计专业英语模拟题(开卷).doc

《会计专业英语》模拟题（开卷）

plete 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)comm on-size an alysis

(14)corporations

C15)经济业务

(16) short-term debt-paying ability

bel 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)Salaryexpense

(5)Accounts Payable

(6 ) Service Income

(7)R. L. Osborn, Capital

(8)Rent Expense

(9)Accounts Receivable

(10)Notes payable

3.Answer the question related to the topic of the conversation

Why Isn't The Accounting A Mirror of What Happened?

John: Leanne, can you explain what's going on here with these monthly statements?

Leanne: Sure, John. How can I help you?

John: I don't understand this last-in, first-out inventory procedure. It just doesn't make sense.

Leanne: Well, what it means is that we assume that the last goods we receive are the first ones sold. So the inventory is made up of the items we purchased first.

John: Yes, but that's my problem. It doesrft work that way! We always distribute the oldest produce first. Some of that produce is perishable! We can't keep any of it very long or it'll spoil.

Leanne: John, you don't understand. We only assume that the products we distribute are the last ones received・ We don't actually have to distribute the goods in this way.

John: I always thought that accounting was supposed to show what really happened・ It all sounds like "make believe" to me! Why not report what really happens?

Question:

How would you respond to John if you were Leanne?

4.Casey 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 Cost

Beginning inventory 34 $270 $9180

First purchase 60 282 16,920

Second purchase 256 298 76,288

Third purchase 164 312 51,168Total units available 5[4$153,556

Of the 514 urHts available for sale, 182 un让s 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)

2(X)2 2003

Assets

Cash 200 300

Marketable securities 300 200

Receivables ・8()0 1,000

Inventory 1,200 1,000

Fixed assets 3,30() 3,700