会计英语练习题

专业英语习题

一、单项选择题

1. Which of the following are reported in the stockholders‟equity section of the balance sheet? ( )

a.revenues and expenses

b.dividends and retained earnings

mon stock and dividends

mon stock and retained earnings

2. Current assets are presented in the balance sheet in order of ( )

a.dollar amounts

b.liquidity

c.solvency

d.the alphabet

3. Current liabilities include all of the following except ( )

a.accrued wages payable

b.advance received from customer

c.current portion of long-term loan

d.prepaid expenses

4. Credit terms of 2/10 n/30 indicate: ( )

a. a 2% discount if 10 items are purchased

b.no payment is required until the 31st day after the invoice date

c. a 10% discount if 2 items are purchase

d.

d. a 2% discount for amounts paid within 10 days of the invoice and the

remaining balance due within 30 days

5. Which statement regarding the inventory turnover ratio is Not True? ( )

a.The ratio measures the average rate of speed inventories move through and out

of company.

b.Inventory turnover=Average Inventory COGS

c.Inventory turnover figures vary considerably from industry to industry.

d. A low inventory turnover can result from an overextended inventory position

or from inadequate sales volume.

6. Which statement regarding the liabilities and owners‟equity section of balance sheet is False? ( )

a.Payment of Dividend Payable eliminates both the assets and the owners‟

equity

b.Liabilities are debts or obligations that must be discharged in money or

services in the future

c.Owners‟equity is a residual claim to the remaining assets after discharge of

debts.

d.Balance sheet of corporations should separate Capital Stock and Retained

Earnings.

7. What is the difference between the quick and current ratio? ( )

a.The quick ratio deals with the company‟s ability to pay its liabilities whereas

the current ratio does not

b.The current ratio is a more stringent(严格的) test of liquidity than the quick

ratio.

c.The quick ratio excludes inventory, which the current ratio includes for

calculation purposes.

d.Management primarily uses the current ratio whereas investors and analysts

are the primary users of the quick ratio.

8. What of the following is Not an example of apportionment of recorded costs? ( )

a.Depreciation of fixed assets

b.Reallocation of receipts in advance.

c.Expiration of insurance premium.

d.Consume of supplies.

9. For its most recent year, a corporation had beginning and ending accounts receivable balances of $50,000 and $60,000, respectively. The year's sales on account were $800,000. What was the amount of cash received from customers during the year? ( )