会计英语习题集精品文档17页

1, How do we recorded a liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the
customers?
A, recorded as a debit to an unearned revenue account
B, recorded as a debit to a prepaid expense account
C, recorded as a credit to an unearned revenue account
D, recorded as a credit to a prepaid expense account.
c
3, during the month of February, Hal Company had cash receipt of 6500 and cash disbursement of 8000. The February 28 cash balance was 4300. What was the beginning (February 1) cash balance?
A, 1500
B, 2800
C, 5800
D, 7300
X+6500-8000=4300
X=5800 C
4, Aimes opened a new business by investing the following assets: cash 4000; land 20000; building 80000. Also, the business will assume responsibility for a note payable of 32000. Aimes signed the note as part of his payment for the land and building. Which
journal entry should be used on the books of the new business to record the investment by Aimes?
A, Dr. Asserts 104000
Cr. Capital 104000
B, Dr. Asserts 104000
Cr. Liability 32000
Capital 72000
C, Dr. Cash 4000
Land 20000
Building 80000
Cr. Capital 104000
D, Dr. Cash 4000
Land 20000
Building 80000
Cr. Notes payable 32000
Capital 72000
D
5, the following transaction occurred during July:
--received 700 cash for photography service provided to customer during the month
--received 1500 cash from Barbara, the owner of the business
--received 800 from a customer in partial payment of his account
receivable which arose as a result of sales during June
--rendered photography services to a customer on credit. 500
--borrowed 2500 from bank
--received 1000 from a customer in payment for services to be performed next year
What was the amount of revenue for July?
A, 1200
B, 3000
C, 5500
D, 7000
700 yes, 500 yes 700+500=1200 A
6, How do we record an assets created by a payment for economic benefits that does not expire until some later time?
A, recorded as a debit to an unearned revenue account
B, recorded as a debit to a prepaid expense account
C, recorded as a credit to an unearned revenue account
D, recorded as a credit to a prepaid expense account
B
7, On September 30, accounts payable had a normal balance of 2300. During September, the account was credited for a total of 5400 and debited for a total 3900. What was the balance in the accounts payable at the beginning of September?
A, A 0 balance
B, An 800 debit balance
C, An 800 credit balance
D, A 3800 debit balance
C
10, on April 30, Hal Company had an accounts receivable balance of 37000. During the month of May, total credits to accounts receivable were 24000, which resulted from customer payments. The May 31 accounts receivable balance was 32000. What was the amount of credit sales during May?
A, 19000
B, 29000
C, 45000
D, 56000
37000+x-24000=32000 x=19000 A
A company purchased 1800 of merchandise on December 5, term 2/10, n/15. On December 7, 200 worth of merchandise was returned by A company to the supplier. On December 15, A paid the balance in full. What was the amount that A company paid?
A, 200
B, 1568
C, 1600
D, 1800
B
Carrie Ford opened a new accounting practice called Carrie Ford, Public accountant, and completed these transaction during March 2011
Mar. 1 Invested 25000 in cash and office equipment that had a fair value (公允价值) of 6000.
1 Prepaid 1800 cash for three month’s rent for an office.
3 Made credit purchase of office equipment for 3000 and office supplies for 600.
5 Completed work for a client and immediately received 500 cash 9 Completed a 2000 project for a client, who will pay within 30 days 11 Paid the account payable created on March 3
15 Paid 1500 cash for the annual premium on an insurance policy.
20 Received 1600 as partial payment for the work completed on Match 9
23 Completed work for another client for 660 on credit
27 Carrie Ford withdrew 1800 cash from the business to pay some personal expense
30 Purchased 200 of additional office supplies on credit
31 Paid 175 for the month’s utility bill.
(1)Prepare journal entries to record the transaction
(2)Finish the adjusting entries for the transaction above.
(1) Dr. cash 25000
Office equipment 6000
Cr. Capital 31000
Dr. prepaid rent 1800
Cr. Cash 1800
Dr. office equipment 3000
Office supplies 600
Cr. Accounts receivable 3600
Dr. cash 500
Cr. Service revenue 500
Dr. accounts receivable 2000
Cr. Service revenue 2000
Dr. prepaid insurance 1500
Cr. Cash 1500
Dr. cash 1600
Cr. Accounts receivable 1600
Dr. accounts receivable 660
Cr. Service revenue 660
Dr. drawing 1800
Cr. Cash 1800
Dr. Office supplies 200
Cr. Accounts payable 200
Dr. utilities expense 175
Cr. Cash 175
(2) Adjusting entries
Dr. Rent expense 600
Cr. Prepaid rent 600
Dr. Insurance expense 125
Cr. Prepaid insurance 125
For each of the following incorrect entries, journal entries are incorrect and posting, please journalize the appropriate entries to correct errors.
A, the purchase of office supplies on credit for 1800 was recorded as
Dr. office supplies 1800
Cr. Cash 1800
B, a credit customer paid her account in full: 4500. This was recorded as
Dr. cash 4500
Cr. Revenue 4500
C, the owner withdrew cash of 1500. This was recorded as
Dr. salaries expense 1500
Cr. Cash 1500
D, work was performed for a customer today and cash of 750 was received. This was recorded as
Dr. cash 750
Cr. Accounts receivable 750
A Dr. cash 1800
Cr. Accounts payable 1800
B Dr. Revenue 4500
Cr. Accounts receivable 4500
C Dr. drawing 1500
Cr. Salaries expense 1500
D. Dr. accounts receivable 750
Cr. Service revenue 750
1, which financial statement shows whether the business earned a profit and also lists the types and amounts of the revenues and expenses?
A, balance sheet
B, statement of owner’ equity
C, cash flow statement
D, income statement
D
2, which of the following is another term（把…叫做）for owner’s equity?
A, net income
B, expenses
C, net assets
D, revenues
C
3, which of the following is ture of the accounting entity principle? A, requires that sole proprietors have unlimited liability
B, requires that partnership income be taxed at the partnership level
C, means that business records should be kept separately from the owner’s financial records
D, requires that partnerships have written agreement.
C
4, which is the accounting guideline that requires financial statement information to be supported by evidence other than someone’s imagination or opi nion?
A, accounting entity principle
B, monetary unit principle
C, going-concern principle
D, objectivity principle
D
5, if the liability of a business increased 12000 during a period
of time and owner’s equity in the business decreased 2000 during the same period, the assets of the business must have increased or decreased by how much?
A, decreased 10000
B, decreased 14000
C, increased 10000
D, increased 14000
B
6, a purchase of office equipment for cash of 130 was recorded as an addition to office equipment and an addition to liabilities. By what amounts are the accounts under- or overstated as a result of this error? (“understated” means too low, and “overstated” means to high.)
A, assets, understated 130; liabilities, overstated 130
B, office equipment, understated 260; liabilities, overstated 130 C, office equipment, overstated 130; liabilities, overstated 130 D, assets, overstated 130; liabilities, overstated 130
D
For each of the following items, state whether the item would be shown on the statement of cash flow as an operating, investing, financing activity.
A, payment of account payable operating
B, issuance of preferred stock for cash financing
C, payment of cash divident financing
D, sale of long-term investment investing
E, collection of account receivable operating
F, issuance of long-term note payable to borrow cash financing G, purchase of long-term investment investing
H, payment of wages to employees operating
I, cash sale of land investing
Which of the accounting assumption implies that the economic activities of an enterprise can be divided into artificial time period of equal length.
A, accounting period assumption
B, go-concern assumption
C, accounting entity assumption
D, monetary assumption
A
If an accountant forgot to record depreciation on office equipment at the end of an accounting period, which of the following would be true regarding the statement prepared at that time?
A, as sets are overstated and owner’s equity is understated
B, the assets and owner’ equity are both understated
C, the assets are overstated, net income is understated, and
owner’s equity is overstated
D, the assets, net income and owner’s equity are overstated.
D
What transaction causes a debit to sales returns and allowances and a credit to accounts receivable?
A, There is no such entry; it should be a credit to sales returns and allowances and a debit to account receivable
B, This transaction is recorded by the purchaser and recognizes the return of merchandise
C, When a customer returns merchandise to the seller, this entry is recorded by the seller.
D, There is no such entry; it should be a debit to sales returns and allowances and a credit to account payable
C
The office supplies account shows a beginning balance of 600 and an ending balance of 400. If office supplies expense for the year is 3100, what amount of office supplies was purchased during the period?
A, 2700
B, 2900
C, 3300
D, 3500
X+600-400=3100 x=2900 B
HCF a financial company, borrows Able business 2400 at 5% for 3 months on December 1 2001. What should HCF’s adjusting entry on December 31, 2001 include?
A, A debit to interest earned for 10
B, A credit to interest payable for 10
C, A credit to interest earned for 10
D, A debit to cash for 10
B
During the closing process, all temporary debit and credit balance accounts are closed, which of the following accounts would be closed by debited
A, sales discount
B, rent expense
C, sales revenue
D, accumulated depreciation
C
F Corporation, engaged in a service business, completed the following selected transactions during the period
(1) added additional investment, receiving cash
(2) purchased supplies on account
(3) returned defective on account
(4) charged customers for service sold on account
(5) paid salary expense
(6) paid a creditor on account
(7) paid cash for the owner’s personal use
Transactions:
Assets liabilities owner’s equity
Use the given information to prepare an income statement for the current month.
Cost of good sold = cost of good available for sale – inventory (ending)
= net purchases + inventory (beginning) –inventory (ending)
= 64500-10000-2100+560+90000-30000
=142960-30000
=112960
Gross profit = net sales – cost of good sold
= 196300-112960=83340
Operating income = gross profit – operating expense
= 83340-(1200+6000) =76140
Net income = 76140-6000=70140
A business that is owned and controlled by one person is considered to be a sole trader. This form of business ownership is simple and generally inexpensive.一人拥有和控制的企业被称为个人独资企业。

这种企业形式比较简单，而且通常投资额较小。

The owner of a sole trader is entitled to make all the decisions in the organization and retain all the profits.个人独资企业的所有者对企业内所有的事务制定决策并
拥有企业的全部利润。

A partnership is an organization where two or more person (partners) own and control a business. In a partnership, it is normal for each partner to have unlimited liability for debits of the business. In addition, partnerships have a limited life, and can be dissolved on the death or retirement of a partner.合伙企业是由两个或以上的人（合伙人）共同拥有和控制的企业组织形式。

一般在合伙企业中，每个合伙人对企业债务都承担无限责任。

同时，合伙企业的寿命也是有限的，企业可能因为某个合伙人死亡或退休而终止。

A corporation is a business that is organized as a separate legal entity under the law.公司是依照法律规定成立的独立法人组织。

Corporations are owned by shareholders who contribute to the capital of the business by buying shares in the corporation. 公司由股东拥有，股东通过购买公司的股份为公司提供资本。

The shareholders are not personally liable for the debits of the corporation. In most corporations, control of the affairs of the corporation is maintained by a board of directors who are elected by shareholders.股东个人对公司的债务不承担无限责任。

大多数公司的经营业务由股东选出的董事会实施控制。

希望以上资料对你有所帮助，附励志名言3条：
1、生命对某些人来说是美丽的，这些人的一生都为某个目标而奋斗。

2、推销产品要针对顾客的心，不要针对顾客的头。

3、不同的信念，决定不同的命运。