会计专业英语练习.doc

I • Matching each of the following statements with its proper term.

1.Temporary account ()

2.Working papers ()

3.Fiscal year ()

4.Accrual accounting ()

5.Posting

6.General ledger ()

7.Liquidity ()

8.Withdrawals ()

9.CPA ()

10.Transaction ()

11.Accounting cycle ()

12.Closing entries ()

13.Reversing entry ()

14.Accounting equation()

15.Double entry accounting()

16.T account ()

17.Chart of accounts()

18.Account form ()

19.Business entity concept ()

20.Financial accounting ()

A.Assets taken from the business by the owner for personal use.

B.The annual accounting period adopted by a business.

C.Convertibility to cash

D.Assets=liabilities+ owner" s equity.

E.Documents that help accountants organize their work.

F.An condition or directly affects its results of accounting event or condition that directly changes an entity's financial operation.

G.The idea that revenues are recorded (recognized) when earned and that expenses are recorded when incurred.

H.The book that contains the individual account (or control account), grouped

according to the five elements of financial statements.

I.Transferring data from the journal to the ledger.

J.An expert accountant licensed by the state.

K.The entries that transfer the balances of the revenue, expense, and dividends accounts to the retained earnings account.

L.The opposite of an adjusting entry, journalized to facilitate routine bookkeeping entries.

M.The process that begins with analyzing and journalizing transactions and ends with the post-closing balance.

N.The simplest form of account.

O.Income statement accounts

P. A system of accounting for recording •tr ansactions, based on recording

increases and decreases in accounts so that debits equals credits.

Q.A list of accounts in the ledger

R.The branch of accounting concerned with providing external users with

financial information needed to make decisions.

S.An concept of accounting that limits the economic data in the accounting

system to data related directly to the activities of the business.

T.The form of balance sheet that resembles the basic format of the accounting equation, with assets on the left side and the liabilities and owner's equity sections on the right side.

II、Multiple choice questions

1.A profit-making business that is a separate legal entity and in which ownership is divided into shares of stock is known as a:()

A.proprietorship

B. partnership

C. service business

D. corporation

2.The resources owned by a business is called :()

A.assets

B. liabilities

C. the account equation

D. owner" s equity

3.A list of assets, liabilities, and owner's equity of a business entity as of a specific date is :()

A.a balance sheet

B.an income statement

C.a retained earning statement

D.a statement of cash flows