《财会专业英语》期末试卷及答案
会计英语期末试题及答案
会计英语期末试题及答案一、选择题（每题2分，共20分）1. Which of the following is NOT a financial statement?A. Balance SheetB. Income StatementB. Cash Flow StatementD. Budget Report2. What is the term used to describe the process of recording financial transactions in a company's books?A. AuditingB. BookkeepingC. Financial AnalysisD. Forecasting3. The process of determining the value of an asset orliability is known as:A. ValuationB. AmortizationC. DepreciationD. Accrual4. What does the abbreviation GAAP stand for?A. Generally Accepted Accounting PrinciplesB. Global Accounting and Auditing PracticesC. Government Accounting and Auditing PoliciesD. Good Accounting and Auditing Practices5. The term "revenue recognition" refers to the process of:A. Recording expenses when they are incurredB. Recording revenues when they are earnedC. Allocating costs to products or servicesD. Matching revenues with their related expenses6. Which of the following is a non-current asset?A. InventoryB. Accounts ReceivableC. LandD. Prepaid Expenses7. The matching principle in accounting requires that:A. All expenses must be recorded in the same period as the revenues they generateB. All assets must be listed on the balance sheetC. All liabilities must be paid off within one yearD. All revenues must be recognized in the period they are received8. What is the purpose of adjusting entries?A. To increase the company's reported profitsB. To ensure that financial statements reflect the current financial position of the companyC. To prepare the company for an auditD. To reduce the company's tax liability9. The accounting equation is:A. Assets = Liabilities + EquityB. Liabilities = Assets - EquityC. Equity = Assets - LiabilitiesD. All of the above10. Which of the following is a type of depreciation method?A. FIFOB. LIFOC. Straight-lineD. FIFO and LIFO are both inventory valuation methods答案：1. D2. B3. A4. A5. B6. C7. A8. B9. D10. C二、填空题（每空1分，共10分）11. The primary financial statements include the ______,______, and ______.12. The accounting cycle consists of several steps, including journalizing, ______, posting, and preparing financial statements.13. In accounting, the term "double-entry" refers to the practice of recording each transaction in ______ accounts. 14. The accounting equation shows the relationship between assets, liabilities, and ______.15. The accrual basis of accounting records revenues andexpenses when they are ______, not necessarily when cash is received or paid.答案：11. Balance Sheet, Income Statement, Cash Flow Statement12. footing13. two14. equity15. earned or incurred三、简答题（每题5分，共20分）16. 简述会计信息的四个主要特征。
会计专业英语期末考试练习卷(new)
1。
The economic resources of a business are called: BA.Owner's EquityB.AssetsC.Accounting equationD.Liabilities2.DTK Company has a $3500 accounts receivable from GRS Company. On January 20，GRS Company makes a partial payment of $2100 to DTK Company。
The journal entry made on January20 by DTK Company to record this transaction includes： DA. A debit to the cash receivable account of ＄2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400。
D. A debit to the accounts receivable account of ＄1400.3. In general terms，financial assets appear in the balance sheet at: AA.Face value。
账面价值B.Current value.现值C.Market value。
市场价值D.Estimated future sales value。
4. Each of the following measures strengthens internal control over cash rec eipts except： DA.The use of a voucher system.B.Preparation of a daily listing of all checks received through the mail.C.The deposit of cash receipts intact in the bank on a daily basis.D.The use of cash registers.5. Which of the following items is the greatest in dollar amount? DA.Beginning inventoryB.Cost of goods sold.C.Cost of goods available for saleD.Ending inventory6.Why do companies prefer the LIFO inventory后进先出法method during a period of risingprices？ BA.Higher reported incomeB.Lower income taxesC.Lower reported incomeD.Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment？ DA.IntangibleB.Unlimited lifeC.Being sold in its useful lifeD.Not capable of rendering benefits to the business in the future.8。
英语会计期末考试题及答案
英语会计期末考试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a primary financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Payroll ReportAnswer: D2. The process of recording financial transactions is known as:A. BudgetingB. AccountingC. AuditingD. ForecastingAnswer: B3. What is the formula for calculating the current ratio?A. Current Assets / Current LiabilitiesB. Total Assets / Total LiabilitiesC. Current Assets / Total AssetsD. Current Liabilities / Total AssetsAnswer: A4. Which of the following is not an accounting principle?A. Going ConcernB. Accrual BasisC. Cash BasisD. ConsistencyAnswer: C5. What is the purpose of depreciation?A. To increase the value of assetsB. To allocate the cost of a tangible asset over its useful lifeC. To reduce taxesD. To increase profitsAnswer: B二、填空题（每题1分，共10分）6. The _________ is a summary of a company's financial position at a particular point in time.Answer: Balance Sheet7. An _________ is a liability that is due within one year. Answer: Current Liability8. The _________ is the difference between the cost of an asset and its accumulated depreciation.Answer: Book Value9. The _________ is the process of determining the value of a company's assets.Answer: Valuation10. _________ is a method of accounting where revenues and expenses are recognized when they are earned or incurred.Answer: Accrual Accounting三、简答题（每题5分，共20分）11. Explain the difference between a debit and a credit in accounting.Answer: In accounting, a debit is an entry that increases assets or expenses and decreases liabilities, equity, or revenues. Conversely, a credit is an entry that increases liabilities, equity, or revenues and decreases assets or expenses.12. What is the purpose of a trial balance?Answer: The purpose of a trial balance is to verify the accuracy of the accounting entries by ensuring that the total debits equal the total credits.13. Describe the accounting equation.Answer: The accounting equation is Assets = Liabilities + Owner's Equity. It represents the basic principle that the total assets of a company are financed by its liabilities and the owner's equity.14. What is the purpose of an income statement?Answer: An income statement is used to summarize acompany's revenues, expenses, and net income over a specific period of time, providing an overview of the company's financial performance.四、计算题（每题10分，共20分）15. Given the following data for a company, calculate the current ratio and the debt-to-equity ratio.- Current Assets: $50,000- Current Liabilities: $20,000- Total Liabilities: $80,000- Owner's Equity: $120,000Answer:- Current Ratio = Current Assets / Current Liabilities = $50,000 / $20,000 = 2.5- Debt-to-Equity Ratio = Total Liabilities / Owner's Equity = $80,000 / $120,000 = 0.6716. A company purchased equipment for $100,000 and expects it to have a useful life of 5 years with no residual value. Calculate the annual depreciation expense using the straight-line method.Answer:- Annual Depreciation Expense = (Cost of Equipment - Residual Value) / Useful Life- Annual Depreciation Expense = ($100,000 - $0) / 5 = $20,000五、案例分析题（每题15分，共30分）17. A small business has the following transactions for the month of January:- Purchased inventory on credit for $15,000.- Sold goods for $25,000 cash.- Paid $5,000 in salaries.- Received $10,000 in advance for services to be provided in the future.Prepare the journal entries for these transactions.Answer:- Purchase of Inventory:- Debit: Inventory $15,000- Credit: Accounts Payable $15,000- Sale of Goods:- Debit: Cash $25,000- Credit: Sales Revenue $25,000。
《财会专业英语》期末考试卷及问题详解
《财会专业英语》期终试卷I.Put the following into corresponding groups. (15 points)1.Cash on hand2.Notes receivable3.Advances to suppliers4. Other receivables5.Short-term loans6.Intangible assets7.Cost of production 8.Current year profit 9. Capital reserve10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payrollII.Please find the best answers to the following questions. (25 Points) 1. Aftin Co. performs services on account when Aftin collects the accountreceivableA.assets increaseB.assets do not changeC.owner’s equity d ecreasesD.liabilities decrease2. A balance sheet report .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period3. The following information about the assets and liabilities at the end of 20 x1 and 20 x2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000how much the owner’sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction onthe accounting equation is to .A. Decreas e assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on account is .A. Dr.Accounts Payable 890Cr. Cash 890B. Dr.Cash 890Cr. Accounts Receivable 890C. Dr.Cash 890Cr. Account Payable 890D. Dr.Cash 890Cr. Service Revenue 8906. 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 haveA. $ 68,400B.$ 46,800C. $ 181,900D.annot be determined from theinformation given7. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500Salary expense $ 56,100Salary payable $ 3,600Service revenue $ 190,500A. $ 201,000B. $ 137,100C. $ 265,000D. $ 74,5008. 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 payable.what is the balance in the inventoryies account?A $ 500B. $ 900C. $ 1,200D. $ 1,5009.The debit side of an account is used to recordA.increasesB.decreasesC. increases or decreases,depending on the type of accountD.decline10.ABC ,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equit y of $50,000.during the year ABC earned revenue of $110,000 and paid espenses of $30,000.and also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the year?A. $150,000B.$180,000C.$190,000D.$220,00011．Which of the following is true? __________.A. Owners’ Equity - Assets = LiabilitiesB. Assets –Owners’ Equity = LiabilitiesC. Assets + Liabilities = Owners’ EquityD. Liabilities = Owners’ Equity + Assets12．Which of these is an example of an liability account? _____ ________.A. Service RevenueB. CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debit and credit? ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity14．If earnings haven’t been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deducted from the original value of plant assets when we compute their net value _______.A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD. Retained earnings16．Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet:Cash $ 100Accounts receivable 500Stockholders' equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remington's liabilities?A. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. During theyear, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000.19.If the assets of a business are $162,600 and the liabilities are $86,000,howmuch is the owner’s equity?A..$76,600B. $248,600.C. $147,000.D. $250,000.20.Aftin Co. purchases on account when Aftin pay the account payableA.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decrease21.A income statement reports .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period22.The following information about the assets and liabilities at the end of 20 x 1and 20 x 2 is given below: 20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 If net income in 20 x 2 was $ 1,500 and there were no withdrawals, how much did the owner invest?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,00023.Traylor Company receive $ 2 850 on account. The effect of this transactionon the accounting equation is to .A. Decrease assets and decreas e owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities24.The entry to record the collection of $ 8000 from a customer on accountis .A. Dr.Accounts Payable 8000Cr.Cash 8000B. Dr.Cash 8000Cr.Accounts Receivable 8000C. Dr.Cash 8000Cr.Account Payable 8000D. Dr.Cash 8000Cr.Service Revenue 800025.A list of a business entitys assests,liabilities,and owner’s equity on a givendate isA.a balance sheetB.an income statementC.a statement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points)1. The accounting profession today is changing rapidly.2. Assets are what you own.Liabilities are what you owe.Owner’s Equty iswhat’s left over .3. The original voucher is obtained or filled in what business transactions tookplace.4. Normally an asset account will have a debit balance.5. The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to the following bank statement and depositor’s book.(10 points)Bank StatementDepositor’s RecordBank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve2.manufacturing machine3. Construction in progress worth5. promissory note6. in other words7.profit distribution 8. storage room9.principal plus interest 10. accounting statementVII. The following is transactions of ABC company.please make entries.(24 poins)1. .ABC company was established on Jan.1,2010,when the owners,MrsSmiths and his friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2. ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissorynote from a lacal bank.4. ABC buys a machine for $20,000,and pays the bill in cash.5. ABC paid the telephone bill for $700 in cash.6. ABC paid $3,800 on the accounts payable.7. ABC determine the month depreciation of the manufactory bulding for$5,000.8. ABC purchasese materials of $5,000 on account.9. ABC sells some goods to a client and receives a check from the customerfor $ 2,000 for the goods provided.10.ABC issues a 9%-5，$100,000 bond at its face amount. The bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years.(1) Entry to bonds issued;(2) Entry to record the accrual interest for each year;(3) 2014 the company repays the principal plus interest.《财会专业英语》期末试卷答卷I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points)1.2.3.4.5.IV. （10points）Bank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. 2.3. 4.5. 6.7. 8.9. 10.VII. The following is transactions of ABC company.please make entries.(24 poins)《财会专业英语》答案I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points) （略）IV. （10points）Bank ReconciliationDate 31 Month MayV. Put the correct answer into the blanks.(6points)1.Assets=Liabilities+Owner’s equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years of Service LifeVI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC company.please make entries.(24 poins)（略）。
会计英语试卷含答案.doc
会计专业英语期末考试试卷1考试时间：2小时总分：100分一、判断：每题1分，共10分(正确的在题后括号内打钩，错误的打叉。
)1、R etained earning is not an asset; it is an element of stockholders'equity.( )2、在收付实现制下，收入是按照它在实际发生的期间，而不是实际收取现款的期间登记入账。
()3、The subsidiary accounts receivable ledger trial balance should agreewith the balance of the accounts receivable account in the general ledger.( )4、Cash budgets are not important to the management of cash flows.( )5、Profits decrease the owner's equity in the business. ( )6、All inventories shall be taken stock periodically. ( )7、In the periodic inventory system(实地盘存制)，the business does not keep acontinuous record of the inventory on hand.( )8、Non-current liabilities are obligations that must be paid within one year or theoperating cycle (whichever is longer).( )9、Central to the definition of a contingent liability is the element ofuncertainty.( )10、T he owner, s equity in a business is increased by borrowing money froma bank.( )二、单项选择题：每题2分，共20分(每题只有1个正确答案，多选或选错不得分)1、W hen an amount is entered on the ( ) side of an account, it is a credit, and theaccount is said to be credited.A、leftB、rightC、left or rightD、others2、Which is not included in long-term assets?( )A、fixed assetsB、intangible assetsC、cashD、deferred assets3、If a delivery truck costs $ 10, 000 and has an estimated residual value (残值)of $ 2, 000 at the end of its estimated useful life of fiveyears, the annual depreciation would be ( ) under the straight-line method.A、$ 2, 400B、$2, 000C、$ 1, 800D、$ 1, 6004、Total assets will be ( ) by the act of borrowing money from a bank.A、decreasedB、increasedC、remained (保持不变)D、uncertain5、The owners of a corporation (股份公司)are termed (称为)( )A、stockholdersB、investorsC、creditorsD、none of above (都不是)6、()是指会计忽略通货膨胀影响，对货币价值变动不作调整。
财务会计题库英文及答案
财务会计题库英文及答案1. Question: What is the purpose of the statement of cash flows in financial accounting?Answer: The purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of an entity, showing how the changes in balance sheet accounts and income affect cash and cash equivalents, and to reveal the entity's financing and investing activities.2. Question: Explain the difference between a debit and a credit in double-entry bookkeeping.Answer: In double-entry bookkeeping, a debit is an entry on the left side of an account that either increases an asset or expense, or decreases a liability, equity, or revenue. A credit is an entry on the right side of an account that increases a liability, equity, or revenue, or decreases an asset or expense.3. Question: What is the accrual basis of accounting?Answer: The accrual basis of accounting is a method of accounting in which revenues and expenses are recognized when they are earned or incurred, not when cash is received or paid. This method provides a more accurate picture of a company's financial performance over a period of time.4. Question: How does depreciation affect a company's financial statements?Answer: Depreciation is a non-cash expense that allocates the cost of a tangible asset over its useful life. It affects the company's financial statements by reducing the asset's carrying value on the balance sheet and decreasing the net income on the income statement, which in turn can affect the retained earnings.5. Question: What is the primary goal of financial statement analysis?Answer: The primary goal of financial statement analysis is to assess the performance and financial condition of a company. It helps investors, creditors, and other stakeholders make informed decisions by evaluating the company's profitability, liquidity, solvency, and overall financial health.6. Question: What is the difference between a journal entry and a ledger entry?Answer: A journal entry records the initial transaction in the general journal, showing the date, accounts affected, and the amounts debited and credited. A ledger entry, on the other hand, is the posting of the journal entry to the appropriate accounts in the general ledger, which summarizes the transactions for each account.7. Question: Explain the matching principle in financialaccounting.Answer: The matching principle in financial accounting requires that expenses be recognized in the same period asthe revenues they helped to generate. This principle ensures that the income statement reflects the actual economic performance of the period and avoids distortions that could arise from recognizing revenues and expenses in different periods.8. Question: What is the purpose of adjusting entries?Answer: Adjusting entries are made at the end of an accounting period to ensure that the financial statements reflect the current financial position and performance of the company. They adjust for revenues and expenses that have been incurred but not yet recorded, or cash received or paid butnot yet recognized.9. Question: What is the difference between a budget and a forecast?Answer: A budget is a detailed financial plan thatoutlines expected revenues and expenses for a specific period, often used for internal management and control. A forecast,on the other hand, is a projection of future financial performance based on assumptions and trends, and is typically used for strategic planning and decision-making.10. Question: What is the role of the balance sheet infinancial accounting?Answer: The balance sheet is a financial statement that presents a company's financial position at a specific point in time. It lists the company's assets, liabilities, and equity, and is used to assess the company's liquidity, solvency, and overall financial stability. The balance sheet must always balance, with total assets equaling the sum of liabilities and equity.。
会计英语 期末试题及答案
会计英语期末试题及答案第一部分：单项选择题（共20题，每题1分，共20分）1. The ________ principle states that expenses should be recorded and recognized in the accounting period in which they are incurred.a) Materialityb) Matchingc) Conservatismd) Historical cost答案：b) Matching2. In accounting, the term "debit" refers to:a) An increase in an asset or expense accountb) An increase in a liability or revenue accountc) A decrease in an asset or expense accountd) A decrease in a liability or revenue account答案：a) An increase in an asset or expense account3. The ________ principle states that all relevant information that could affect the decision-making of users should be included in the financial statements.a) Materialityb) Faithful representationc) Comparabilityd) Relevance答案：d) Relevance4. The balance sheet reports:a) Revenues, expenses, and net incomeb) Assets, liabilities, and equityc) Cash flows from operating, investing, and financing activitiesd) Changes in equity during the accounting period答案：b) Assets, liabilities, and equity5. Which of the following statements about the accrual basis of accounting is true?a) Revenues and expenses are recognized when cash is received or paidb) Transactions are recorded when they occur, regardless of when cash is received or paidc) Only cash transactions are recorded in the financial statementsd) Liabilities and expenses are recognized when they are incurred, and revenues are recognized when cash is received答案：b) Transactions are recorded when they occur, regardless of when cash is received or paid6. The financial statement that shows a company's revenues, expenses, and net income or loss for a specific period of time is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：a) Income statement7. A decrease in an asset account is recorded as a ________.a) Debitb) Creditc) Liabilityd) Equity答案：b) Credit8. The accounting equation can be expressed as:a) Assets = Liabilities + Equityb) Assets + Liabilities = Equityc) Equity = Assets + Liabilitiesd) Liabilities + Equity = Assets答案：a) Assets = Liabilities + Equity9. The financial statement that shows the changes in equity during the accounting period is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：d) Statement of retained earnings10. Which of the following is an example of an intangible asset?a) Landb) Buildingsc) Inventoryd) Goodwill答案：d) Goodwill11. The ________ principle states that assets should be recorded at their original cost.a) Objectivityb) Consistencyc) Historical costd) Materiality答案：c) Historical cost12. The statement of cash flows reports:a) Revenues, expenses, and net incomeb) Assets, liabilities, and equityc) Cash flows from operating, investing, and financing activitiesd) Changes in equity during the accounting period答案：c) Cash flows from operating, investing, and financing activities13. Which of the following is a current liability?a) Accounts payableb) Bond payable due in 10 yearsc) Mortgage payable due in 5 yearsd) Long-term note payable答案：a) Accounts payable14. The ________ principle states that the financial statements should be prepared assuming that the entity will continue to operate indefinitely.a) Going concernb) Revenue recognitionc) Materialityd) Consistency答案：a) Going concern15. Which financial statement reports the financial position of a company at a specific point in time?a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：c) Balance sheet16. The ________ states that an entity should use the same accounting methods and procedures from period to period.a) Materialityb) Going concernc) Consistencyd) Historical cost答案：c) Consistency17. What type of account is "Accounts Receivable"?a) Assetb) Liabilityc) Revenued) Expense答案：a) Asset18. The financial statement that shows the cash inflows and outflows from operating, investing, and financing activities is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：b) Statement of cash flows19. If a company has a current ratio greater than 1, it means that:a) The company has more assets than liabilitiesb) The company has more liabilities than assetsc) The company is profitabled) The company can pay its current liabilities with its current assets答案：d) The company can pay its current liabilities with its current assets20. Which of the following is considered an external user of financial statements?a) Company managementb) Employeesc) Suppliersd) Creditors答案：d) Creditors第二部分：填空题（共10题，每题2分，共20分）1. The periodicity assumption assumes that a company's activities can be divided into ________ periods of equal length.答案：accounting2. The ________ principle states that an entity should recognize revenues when they are earned, regardless of when cash is received.答案：revenue recognition3. The adjusting entry to record the use of supplies during an accounting period would include a ________ to the Supplies Expense account.答案：debit4. The adjusting entry to recognize revenue that has been earned but not yet collected would include a ________ to the Accounts Receivable account.答案：credit5. The ________ principle requires that expenses be reported in the same period as the revenue that is earned as a result of those expenses.答案：matching6. The financial statement that reports the financial position of a company at a specific point in time is the ________.答案：balance sheet7. The accounting equa tion can be expressed as: ________ = Assets − Liabilities.答案：Equity8. The financial statement that shows the changes in equity during the accounting period is the ________.答案：statement of retained earnings9. The adjusting entry to record the portion of prepaid rent that has been used during an accounting period would include a ________ to the Rent Expense account.答案：debit10. The unearned revenue account is a ________ account.答案：liability第三部分：简答题（共4题，每题10分，共40分）1. What is the matching principle in accounting? Why is it important?答案：The matching principle in accounting states that expenses should be recorded and recognized in the accounting period in which they are incurred, regardless of when the cash is paid. This principle is important to ensure that the expenses are properly matched with the revenues that theyhelp generate. By matching expenses with revenues, the financial statements provide a more accurate representation of the company's financial performance during a specific period. This helps users of the financial statements make informed decisions based on reliable financial information.2. Explain the difference between an asset and a liability. Provide an example of each.答案：An asset is a resource owned by a company that has economic value and is expected to provide future benefits. Examples of assets include cash, accounts receivable, inventory, and property, plant, and equipment.A liability, on the other hand, is an obligation or debt owed by a company to external parties. It represents an economic sacrifice that the company is required to make in the future. Examples of liabilities include accounts payable, loans payable, and accrued expenses.3. What is the purpose of the statement of cash flows? How is it prepared?答案：The purpose of the statement of cash flows is to provide information about the cash inflows and outflows from operating, investing, and financing activities during a specific period. It helps users understand how a company generates and uses its cash resources.The statement of cash flows is prepared using the indirect method or the direct method. In the indirect method, the net income from the income statement is adjusted for non-cash items and changes in working capital to arrive at the net cash provided by operating activities. Cash flows from investing and financing activities are directly reported. In the direct method,the actual cash receipts and payments are directly reported in each category of cash flows.4. What is the purpose of the adjusting entries? Provide two examples of adjusting entries and explain their impact on the financial statements.答案：The purpose of adjusting entries is to ensure that the revenues and expenses are properly recognized in the accounting period in which they are incurred, and that the balance sheet accounts reflect the true financial position of the company at the end of the period.Two examples of adjusting entries are:- Accrued expenses: An adjusting entry is made to recognize expenses that have been incurred but not yet paid or recorded. For example, at the end of the accounting period, salaries for the last few days of the period may not have been paid. An adjusting entry is made to recognize the expense for the unpaid salaries, which increases the expenses on the income statement and decreases the retained earnings on the balance sheet.- Prepaid expenses: An adjusting entry is made to recognize expenses that have been paid in advance but have not yet been used. For example, if a company pays rent for the next three months in advance, an adjusting entry is made to allocate a portion of the prepaid rent to the current accounting period. This decreases the prepaid rent on the balance sheet and increases the rent expense on the income statement.。
【南开】《会计专业英语》20春期末考核答卷(标准答案)
《会计专业英语》20春期末考核-00001试卷总分:100 得分100一、单选题 (共 15 道试题,共 30 分)ing accrual accounting, expenses are recorded and reported only（）A.when they are incurred, whether or not cash is paidB.when they are incurred and paid at the same timeC.if they are paid before they are incurredD.if they are paid after they are incurred答案:A2.Notes may be issued ( )A.when assets are purchasedB.to creditor's to temporarily satisfy an account payable created earlierC.when borrowing moneyD.all of the above答案:D3.A capital expenditure results in a debit to ( )A.an expense accountB.a capital accountC.a liability accountD.an asset account答案:D4.Which of the following should not be considered cash by an accountant?A.coinsB.bank checking accountsC.postage stampsD.Petty cash funds答案:C5.Current liabilities are( )A.due, but not receivable for more than one yearB.due, but not payable for more than one yearC.due and receivable within one yearD.due and payable within one year答案:D6.The excess of issue price over par of common stock is termed a(n) （）A.discountB.incomeC.deficitD.premium答案:D7.All of the following below are needed for the calculation of depreciation except( )A.costB.residual valueC.estimated lifeD.book value答案:D8.In the accounting cycle, the last step is（）A.preparing the financial statementsB.journalizing and posting the adjusting entriesC.preparing a post-closing trial balanceD.journalizing and posting the closing entries答案:C9.Stockholders' equity （）A.is usually equal to cash on handB.includes paid-in capital and liabilitiesC.includes retained earnings and paid-in capitalD.is shown on the income statement答案:C10.Financial reports are used by（）A.managementB.creditorsC.investorsD.all of the above答案:D11.Which of the following financial statements reports information as of a specific date?A.income statementB.statement of owner's equityC.statement of cash flowsD.balance sheet答案:D12.Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporation reported a $10,000 net loss. Low Corporation's entry would include a ( )A.Debit to the investment account for $10,000B.Debit to the investment account for $4,000C.Credit to the investment account for $4,000D.Debit to a loss account for $4,000答案:C13.The two methods of accounting for investments in stock are the cost method and the （）A.straight-line methodB.equity methodC.liability methodD.interest method答案:B14.Expenses are reported on the( )A.income statementB.statement of owner's equityC.statement of cash flowsD.balance sheet答案:A15.The cost method of accounting for stock( )A.recognizes dividends as incomeB.is only appropriate as part of a consolidationC.requires the investment be increased by the reported net income of the investeeD.requires the investment be decreased by the reported net income of the investee 答案:A二、多选题 (共 10 道试题,共 20 分)16.Current liabilities include( )A.accounts payableB.short-term notes payableC.wages payableD.taxes payableE.bonds payable答案:ABCD17.Which of the following should be considered cash by an accountant?A.coinsB.bank checking accountsC.postage stampsD.Petty cash fundsE.IOU（I owe you)答案:ABD18.Trade Discounts ( )A.reductions from the list priceB.not recognized in the accounting recordsC.customers are billed net of discountsD.gross method vs. net methodE.same as cash discount答案:ABC19.Accrual Basis of Accounting ( )A.revenue reported when earnedB.revenue reported when cash is receivedC.expense reported when incurredD.properly matches revenues and expenses in determining net incomeE.requires adjusting entries at end of period答案:ACDE20.The term "inventory" indicates ( )A.merchandise held for sale in the normal course of businessB.materials in the process of production or held for productionC.suppliesD.fixed assetsE.patents答案:AB21.Accruals fall into two categories, they are ( )A.prepaid expenseB.unearned revenueC.accrued expensesD.accrued revenuesE.deferred revenue答案:CD22.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?A.cost of merchandise sold is overstatedB.owner's equity is overstated income is understatedD.gross profit is understated income is overstated答案:BE23.Notes may be issued ( )A.when fixed assets are purchasedB.to creditor's to temporarily satisfy an account payable created earlierC.when available-for-sale securities are soldD.when borrowing moneyE.pay cash dividends答案:ABD24.Current assets include( )A.intangible assetsB.cashC.receivablesD.short-term investmentsE.inventoriesF.property, plant and equipment答案:BCD25.The primary purpose of a stock split include ( )A.increase paid-in capitalB.reduce the market price of the stock per shareC.reduce earnings per shareD.to increase the number of shares outstandingE.increase the market activity of the shares答案:BCDE三、判断题 (共 10 道试题,共 20 分)26.The double-entry accounting system records each transaction twice.答案:错误27.In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash.答案:错误28.If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.答案:正确29.Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet.答案:错误30.An income statement is a summary of the revenues and expenses of a business as of a specific date.答案:错误31.When a stock dividend is declared, it becomes a liability答案:错误32.Intangible assets differ from property, plant and equipment assets in that theylack physical substance.答案:正确33.The difference between Accounts Receivable and its contra asset account is called net realizable value.答案:正确34.Allowance for Doubtful Accounts is a liability account.答案:错误35.The allowance for doubtful accounts is similar to accumulated depreciation in that the account represents the total of all accounts written-off since the beginning year. 答案:错误四、问答题 (共 3 道试题,共 15 分)36.汉译英：（1）股票股利（2）银行余额调节表答案:（1）Stock Dividend 股票股利<br>（2）Bank Reconciliation银行余额调节表<br><br>37.英译汉（5）Double-entry system（6）Quick Ratio答案:（5）Double-entry system 复式记账<br>（6）Quick Ratio 速动比率<br><br>38.汉译英：（5）应计制会计（6）纵向分析答案:（5）Accrual Basis of Accounting应计制会计、权责发生制<br>（6）Vertical Analysis 纵向分析<br><br>五、简答题 (共 3 道试题,共 15 分)39.Describe the major rights that accompany ownership of a share of stock.与股票所有权相应的主要权利有哪些？答案:The major rights that accompany ownership of a share of stock are as follows: （1）The right to vote in matters concerning the corporation.（2分）（2）The right to share in distributions of earnings. （2分）（3）The right to share in assets upon liquidation. （1分）40.Explain the meaning of:(a) the objectivity concept and (b) the unit of measure concept解释如下概念：(a)客观性；(b)货币计量概念答案:(a) The objectivity concept requires that the amounts recorded in the accounting records be based on objective evidence. In exchanges between a buyer and a seller,both try to get the best price. Only the final agreed-upon amount is objective enough to be recorded in the accounting records. （3分）(b) The unit of measure concept requires that economic data be recorded in dollars. Money is a common unit of measurement for reporting financial data and reports. （2分）41.What is the double-entry system? 简述复式记账法的含义答案:All businesses use what is called the double-entry accounting system. This system is based on the accounting equation（1分） and requires:（1）Every business transaction to be recorded in at least two accounts.（2分）（2）The total debits recorded for each transaction to be equal to the total credits recorded.（2分）。
会计专业英语期末试题及答案
会计专业英语期末试题及答案1、In many cities, a low-carbon lifestyle has become（）. [单选题] *A. more popular and more popularB. more and more popular(正确答案)C. the most popularD. most and most popular2、We all wondered（）Tom broke up with his girlfriend. [单选题] *A. thatB. whatC. whoD. why(正确答案)3、He went to America last Friday. Alice came to the airport to _______ him _______. [单选题] *A. take; offB. see; off(正确答案)C. send; upD. put; away4、The rain is very heavy _______ we have to stay at home. [单选题] *A. butB. becauseC. so(正确答案)D. and5、______! It’s not the end of the world. Let’s try it again.（）[单选题] *A. Put upB. Set upC. Cheer up(正确答案)D. Pick up6、--_______ do you have to do after school?--Do my homework, of course. [单选题] *A. What(正确答案)B. WhenC. WhereD. How7、39．—What do you ________ my new dress?—Very beautiful. [单选题] * A．look atB．think aboutC．think of(正确答案)D．look through8、They may not be very exciting, but you can expect ______ a lot from them.（）[单选题] *A. to learn(正确答案)B. learnC. learningD. learned9、The hall in our school is _____ to hold 500 people. [单选题] *A. big enough(正确答案)B. enough bigC. very smallD. very big10、What do you think of the idea that _____ honest man who married and brought up a large family did more service than he who continued single and only talked of _____ population. [单选题] *A. a, /B. an, /C. a, theD. an, the(正确答案)11、20．Jerry is hard-working. It’s not ______ that he can pass the exam easily. [单选题] * A．surpriseB．surprising (正确答案)C．surprisedD．surprises12、You wouldn't have seen her if it _____ not been for him . [单选题] *A. hasB. had(正确答案)C. haveD．is having13、My home is about _______ away from the school. [单选题] *A. three hundred metreB. three hundreds metresC. three hundred metres(正确答案)D. three hundreds metre14、30．I want to find ______ and make much money. [单选题] *A．worksB．jobC．a job(正确答案)D．a work15、Many people prefer the bowls made of steel to the _____ made of plastic. [单选题] *A. itB. ones(正确答案)C. oneD. them16、The red jacket is _______ than the green one. [单选题] *A. cheapB. cheapestC. cheaper(正确答案)D. more cheap17、Grandfather lives with us. We all _______ him when he gets ill. [单选题] *A. look after(正确答案)B. look atC. look forD. look like18、By the end of this month, all this _____. [单选题] *A. is changedB．will changeC. will have changed(正确答案)D. has changed19、Customers see location as the first factor when_____a decision about buying a house. [单选题] *A.makeB.to makeC.making(正确答案)D.made20、Can I _______ your order now? [单选题] *A. makeB. likeC. giveD. take(正确答案)21、Which animal do you like _______, a cat, a dog or a bird? [单选题] *A. very muchB. best(正确答案)C. betterD. well22、Now people can _______ with their friends far away by e-mail, cellphone or letter. [单选题] *A. keep onB. keep in touch(正确答案)C. keep upD. keep off23、If we want to keep fit, we should try to _______ bad habits. [单选题] *A. keepB. haveC. getD. get rid of(正确答案)24、Her ideas sound right, but _____ I'm not completely sure. [单选题] *A. somehow(正确答案)B. somewhatC. somewhereD. sometime25、The flowers _______ sweet. [单选题] *A. tasteB. smell(正确答案)C. soundD. feel26、( ) You had your birthday party the other day,_________ [单选题] *A. hadn't you?B. had you?C. did you?D. didn't you?(正确答案)27、The work will be finished _______ this month. [单选题] *A. at the endB. in the endC. by the endD. at the end of(正确答案)28、The students _____ outdoors when the visitors arrived. [单选题] *A. were playing(正确答案)B. have playedC. would playD. could play29、Why don’t you _______ the bad habit of smoking. [单选题] *A. apply forB. get rid of(正确答案)C. work asD. graduate from30、pencil - box is beautiful. But ____ is more beautiful than ____. [单选题] *A. Tom's; my; heB. Tom's; mine; his(正确答案)C. Tom's; mine; himD. Tom's; my; his。
南开】《会计专业英语》20春期末考核答卷(标准答案)
南开】《会计专业英语》20春期末考核答卷(标准答案)1.When using accrual accounting。
XXX incurred。
regardless of whether or not cash is paid。
This means that expenses are recognized when they are earned。
not when the cash is XXX.2.Notes may be issued for us reasons。
such as purchasing assets。
XXX.3.A capital expenditure results in a debit to an asset account。
as it represents an investment in a long-term asset that will provide XXX to the company。
This is different from an expense。
which is a cost incurred in the current d and does not provide XXX.4.Postage stamps XXX。
as they are not readily convertible to cash and do not represent a liquid asset that can be used to pay debts or expenses.5.Current XXX one year。
This includes items such as accounts payable。
wages payable。
and short-term loans。
It does not include debts that are due but not payable for more than one year.6.The excess of the issue price over the par value of common stock is known as a premium.7.The n of n requires the cost。
《财会专业英语》期末试卷及答案
《财会专业英语》期末试卷及答案可作为会计专业《财会专业英语》期末考试用《财会专业英语》期终试卷I.Put the following into corresponding groups. (15 points)1.Cash on hand2.Notes receivable3.Advances to suppliers4. Other receivables5.Short-term loans6.Intangible assets7.Cost of production8.Current year profit9. Capital reserve 10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payrollII. Please find the best answers to the following questions.(25 Points) 1. Aftin Co. performs services on account when Aftin collects the accountA.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decrease 2. A balance sheet reportA. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. 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:$ 75,000 36,000$ 90,000 45,000AssetsLiabilitieshow much the owner’sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction on可作为会计专业《财会专业英语》期末考试用the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on account isA. Dr.Accounts PayableCr. Cash890890B. Dr.Cash890890Cr. Accounts ReceivableC. Dr.Cash890890Cr. Account PayableD. Dr.Cash890890Cr. Service Revenue6. 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 haveA. $ 68,400B.$ 46,800C. $ 181,900D.annot be determined from theinformation given7. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balanceAccounts receivable Accounts payable Building Cash Capital $ 7,200 $ 6,900 $ 179,400 $ 15,800 $ 64,000 $ 6,500 $ 56,100 Insurance expense Salary expense可作为会计专业《财会专业英语》期末考试用Salary payable Service revenue$ 3,600 $ 190,500A. $ 201,000B. $ 137,100C. $ 265,000D. $ 74,5008. 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 ofA $ 500 B. $ 900 C. $ 1,200 D. $ 1,5009.The debit side of an account is used to record A.increasesB.decreasesC. increases or decreases,depending on the type of accountD.decline10.ABC ,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equity of $50,000.during the year ABC earned revenue of $110,000 and paid espenses of $30,000.and 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.$220,00011．Which of the following is true? __________. A. Owners’ Equity - Assets = Liabilities B. Assets C Owners’ Equity = Liabilities C. Assets + Liabilities = Owners’Equity D. Liabilities = Owners’ Equity + Assets可作为会计专业《财会专业英语》期末考试用12．Which of these is an example of an liability account? _____ ________. A. Service Revenue B.CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debit and credit? ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity14．If earnings haven’t been distributed as dividends, it should have beenretained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deductedfrom the original value of plant assets when we compute their net value _______. A. Merchandise inventory B. Income tax payable C. Accumulated depreciation D. Retained earnings16．Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet: Cash $ 100 Accounts receivable 500 Stockholders' equity 700 Accounts payable 200 Short-term loans 1,000 Based on the information provided, how much are Remington's liabilities? A. $200. B. $900. C. $1,200. D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. During the可作为会计专业《财会专业英语》期末考试用year, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000. 19.If the assets of a business are $162,600 and the liabilities are $86,000,how much is the owner’s equity?A..$76,600B. $248,600.C. $147,000.D. $250,000.A.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decreaseA. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period 22.The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: Assets $ 75,000 36,000$ 90,000 45,000LiabilitiesIf net income in 20 x 2 was $ 1,500 and there were no withdrawals, how A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,00023.Traylor Company receive $ 2 850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities可作为会计专业《财会专业英语》期末考试用24.The entry to record the collection of $ 8000 from a customer on account isA. Dr.Accounts PayableCr.Cash8000 8000B. Dr.Cash80008000Cr.Accounts ReceivableC. Dr.Cash80008000Cr.Account PayableD. Dr.Cash80008000Cr.Service Revenue25.A list of a business ent itys assests,liabilities,and owner’s equity on a givenA.a balance sheetB.an income statementC.a statement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points) 1. The accounting profession today is changing rapidly.2. Assets are what you own.Liabilities are what you owe.Owner’s Equty is what’s left over .3. The original voucher is obtained or filled in what business transactions took place.4. Normally an asset account will have a debit balance.5. The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to the following bank statement and depositor’s book.(10 points) Bank Statement可作为会计专业《财会专业英语》期末考试用Depositor’s RecordBank ReconciliationV. Put the correct answer into the blanks.(6points)可作为会计专业《财会专业英语》期末考试用, . 3. Using straight-line depreciation,-VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve2.manufacturing machine3. Construction in progress worth 5. promissory note 6. in other words 7.profitdistribution 8. storage room9.principal plus interest 10. accounting statementVII. The following is transactions of ABC company.please make entries.(24 poins)1. .ABC company was established on Jan.1,2022年,when the owners,Mrs Smiths and his friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2. ABC sells merchandise to another customer and send the customer a $2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissory note from a lacal bank.4. ABC buys a machine for $20,000,and pays the bill in cash.5. ABC paid the telephone bill for $700 in cash.6. ABC paid $3,800 on the accounts payable.7. ABC determine the month depreciation of the manufactory bulding for $5,000.8. ABC purchasese materials of $5,000 on account.9. ABC sells some goods to a client and receives a check from the customer for $ 2,000 for the goods provided.可作为会计专业《财会专业英语》期末考试用10.ABC issues a 9%-5，$100,000 bond at its face amount. The bond is dated January 1, 2022年and requires interest payments until the bond principal at the end of 5 years. (1) Entry to bonds issued;(2) Entry to record the accrual interest for each year; (3) 2022年the company repays the principal plus interest.《财会专业英语》期末试卷答卷I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions.(25 Points)III. Translate the following sentences into Chinese.(10 points) 1. 2. 3. 4.可作为会计专业《财会专业英语》期末考试用5.IV. （10points）Bank ReconciliationV. Put the correct answer into the blanks.(6points), . 3. Using straight-line depreciation,-VI. Translate The Following Terms Into Chinese . (10 points).1. 2. 3. 4. 5. 6. 7. 8. 9. 10.VII. The following is transactions of ABC company.please make entries.(24 poins)可作为会计专业《财会专业英语》期末考试用《财会专业英语》答案I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions.(25 Points)III. Translate the following sentences into Chinese.(10 points) （略）IV. （10points）Bank ReconciliationV. Put the correct answer into the blanks.(6points)可作为会计专业《财会专业英语》期末考试用,3. Using straight-line depreciation,VI. Translate The Following Terms Into Chinese . (10 points). （略）VII. The following is transactions of ABC company.please entries.(24 poins) （略）。
财务类英语试题及答案
财务类英语试题及答案一、选择题（每题1分，共10分）1. Which of the following is a common financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. All of the above2. The term "equity" in finance refers to:A. Money owed to a company.B. Money invested in a company.C. Money earned by a company.D. Money spent by a company.3. What is the formula for calculating the return on investment (ROI)?A. ROI = (Net Income / Total Assets) * 100B. ROI = (Total Assets / Net Income) * 100C. ROI = (Net Profit / Cost of Investment) * 100D. ROI = (Cost of Investment / Net Profit) * 1004. The process of forecasting a company's future financial position is known as:A. BudgetingB. ForecastingC. PlanningD. Analysis5. Which of the following is not a type of financial risk?A. Credit riskB. Market riskC. Liquidity riskD. Fixed risk6. The term "leverage" in finance is used to describe:A. The use of borrowed money to increase potential returns.B. The process of selling a financial asset.C. The amount of money a company has in the bank.D. The ratio of a company's equity to its debt.7. What does "EBIT" stand for in financial analysis?A. Earnings Before Interest and TaxesB. Earnings Before Income and TaxesC. Earnings Before Interest and TotalD. Earnings Before Interest, Taxes, and Depreciation8. The "time value of money" concept implies that:A. Money received in the future is worth less than money received today.B. Money received in the past is worth more than money received today.C. Money has no value over time.D. The value of money is constant over time.9. Which of the following is a method of financial analysis?A. SWOT analysisB. PEST analysisC. Ratio analysisD. Porter's Five Forces analysis10. The "break-even point" in finance is the point at which:A. A company's revenue equals its expenses.B. A company's net income is zero.C. A company's assets equal its liabilities.D. A company's cash flow is positive.答案：1. D2. B3. C4. B5. D6. A7. A8. A9. C10. A二、填空题（每题1分，共5分）11. The __________ is a financial statement that shows a company's assets, liabilities, and equity at a particular point in time.Answer: Balance Sheet12. The __________ is the difference between revenue and expenses during a specific period.Answer: Net Income13. In finance, the term "capital" often refers to the__________ of the business.Answer: Owners' Equity14. If a company's current assets are greater than itscurrent liabilities, it is said to have a positive __________. Answer: Working Capital15. The __________ is a measure of how well a company can pay its current debts.Answer: Quick Ratio三、简答题（每题5分，共10分）16. What is the purpose of a financial statement analysis?Answer: The purpose of financial statement analysis is to assess the performance and financial health of a company. It helps investors, creditors, and other stakeholders to make informed decisions about the company's financial stability, profitability, and risk.17. Explain the difference between "operating activities" and "financing activities" in the context of a cash flow statement.Answer: Operating activities in a cash flow statement referto the cash transactions that are directly related to thecore business operations of the company, such as cashreceived from sales and cash paid for expenses. Financing activities, on the other hand, involve cash transactions related to the company's financing arrangements, such as issuing or repaying debt, issuing or buying back shares, and paying dividends.四、计算题（每题5分，共5分）18. If a company has a net profit of $100,000 and a cost of investment of $500,000, what is the ROI?Answer: ROI = (Net Profit / Cost of Investment) * 100ROI = (100,000 / 500,000) * 100ROI = 20%五、论述题（每题10分，共10分）19. Discuss the importance of financial planning in business management.Answer: Financial planning is a critical component of business management as it helps in setting financial goals, allocating resources efficiently, and forecasting。
《会计专业英语》期末测试卷及答案2套
《会计专业英语》期末测试卷A卷姓名学号得分一、单项选择题（共10小题，每小题2分，计20分）1. A procedural element of accounting is____.A.PlanningB. ControlC. BookkeepingD. Auditing2. A business has assets of $140,000 and liabilities of $60,000. How much is itsowner’s equit y?A.$0B. $140,000C. $80,000D. $200,0003.Which of the following statements best describes the purpose of internal control?A.To provide assurance that the entire business operates in accordance withmanagement’s plans and policesB.To prevent fraudC.To ensure that expenses and cash outlays are held to a minimumD.To provide adequate subdivision of duties within the organization4.Typical liability accounts include?A.Accounts payable, bank loan, wages payable and drawingsB.Accounts payable, bank overdraft, wages payable and stationeryC.Accounts payable, bank overdraft, wages payable and unearned revenueD.Accounts payable, borrowing from the public, bank overdraft, wages payable5.Sales revenue $200,000, beginning inventory $30,000, inventory purchased$100,000 and inventory sold $90,000. It is true that____.A.Goods available for sale (GAFS) equals $200,000B.Gross profit equals $110,000C.Ending inventory equals $30,000D.Cost of goods sold (COGS) equals $40,0006.W hich statement regarding the liabilities and owners’ equity section of balancesheet is False?A.Payment of Dividend Payable eliminates both the assets and the owners’equityB.Liabilities are debts or obligations that must be discharged in money orservices in the futureC.Owners’ equity is a residual claim to the remaining assets after discharge ofdebtsD.Balance sheet of corporations should separate Capital Stock andRetained Earnings7.The operating income/sales ratio is an example of a_____.A.Turnover or efficiency ratioB. Coverage or liquidity ratioC.Leverage or debt ratioD. None of the above8. A management control system is_____.A.A possible course of action that might enable an organization to achieve itsobjectivesB. A collective term for the hardware and software used to drive a databasesystemC. A set up that measures and corrects the performance of activities ofsubordinates in order to make sure that the objectives of an organization are being met and their associated plans arebeing carried outD.A system that controls and maximizes the profits of an organizationpany A manufactures and sells only one product, the selling price per unit ofproducts is $20, and the variable cost per unit is $15, the total fixed cost for the year is $80,000. Then the break-even sales for Company A is_____.A. $400,000B.16, 000C.320, 000D. $240,00010.The total estimate sales for the coming year is 250,000 units. The estimatedinventory at the beginning of the year is 22,500 units, and the desired inventory at the end of the year is 30,000 units. The total production indicated in the production budget is_____.A. 242,500 unitsB. 280,000 unitsC. 257,000 unitsD. 302,500 units二、多项选择题（共5小题，每小题4分，计20分）1.Which of the following are fixed costs?A.Telephone billB.Annual salary of the chief accountantC.The management accountant's annual membership fee to ACCA (paid by thecompany)D.Wages of warehousemen2.For commercial bank, which two parts does the operating revenue mainlyinclude?A.Asset RevenueB. Rental RevenueC. Service RevenueD. Bond Revenue3.Which of these are the audit objectives?A.ValidityB. CompletenessC. TimingD. Valuation4.Which of the following statements regarding materiality and misstatements iscorrect?A.Materiality decisions are made relative to the size of the organization beingaudited.B. A lower materiality level would increase the extent of audit proceduresperformed.C.At the planning stage, the auditor should design specific procedures to detectmaterial qualitative misstatements.D.Likely aggregate misstatements include the net effect of uncorrectedmisstatements in opening equity.5.The audit report should include the following basic contents_____.A. The titleB. The introductory paragraphC. The scope paragraphD. The opinion paragraph三、判断题（正确写“T”，错误写“F”。
会计英语期末试题及答案
会计英语期末试题及答案一、选择题1. Which of the following statements best describes the purpose of financial accounting?a) Providing information for internal decision making.b) Reporting financial information to external parties.c) Assisting in tax planning and preparation.d) Analyzing operational performance.2. What is the primary goal of financial reporting?a) Providing relevant and reliable information.b) Minimizing taxes and maximizing profits.c) Meeting government regulations.d) Facilitating internal control.3. Which of the following is an example of an external user of financial information?a) Chief Financial Officer (CFO).b) Production Manager.c) Shareholders.d) Human Resources Manager.4. The accounting equation can be stated as:a) Assets = Liabilities + Equity.b) Equity = Assets - Liabilities.c) Liabilities = Assets - Equity.d) Assets = Equity - Liabilities.5. What is the purpose of the income statement?a) To report the company's financial position at a specific point in time.b) To disclose changes in the company's equity during a period of time.c) To report the company's revenues, expenses, and net income for a period of time.d) To provide information about the company's cash flows.二、填空题1. A company's assets are equal to its _______________ minus its liabilities.2. The _______________ principle states that expenses should be recorded in the same accounting period as the revenues they help to generate.3. The financial statements include the _______________, the balance sheet, the statement of cash flows, and the statement of stockholders' equity.4. _______________ involves analyzing and interpreting financial information to make informed business decisions.5. The _______________ is a financial ratio that measures a company's ability to pay its short-term debts.三、解答题1. Explain the difference between accrual accounting and cash accounting.2. Discuss the importance of the balance sheet in financial reporting.3. Describe the purpose and content of the statement of cash flows.4. What is the role of the Generally Accepted Accounting Principles (GAAP) in financial reporting?5. Explain the concept of depreciation and how it is recorded in the financial statements.答案：一、选择题1. b) Reporting financial information to external parties.2. a) Providing relevant and reliable information.3. c) Shareholders.4. a) Assets = Liabilities + Equity.5. c) To report the company's revenues, expenses, and net income for a period of time.二、填空题1. Equity2. Matching3. Income statement4. Financial analysis5. Current ratio三、解答题1. Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when the associated cash flows occur. Cash accounting, on the other hand, records revenue and expenses only when cash is received or paid out. Accrual accounting provides a more accurate picture of a company's financial health and performance.2. The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and equity. The balance sheet is important for investors, creditors, and other stakeholders to assess the company's liquidity, solvency, and overall financial stability.3. The statement of cash flows reports the cash inflows and outflows from a company's operating activities, investing activities, and financing activities. Its purpose is to provide information about the cash generated and used by the company during a specific period of time. It helps users understand the company's cash flow patterns and assess its ability to generate cash for future operations and investments.4. Generally Accepted Accounting Principles (GAAP) are a set of accounting standards and guidelines that companies must follow when preparing their financial statements. GAAP ensures consistency, comparability, and transparency in financial reporting, allowing users of financial statements to make meaningful and informed decisions. It helps maintain public trust in the financial reporting process.5. Depreciation is the systematic allocation of the cost of a long-term asset over its useful life. It reflects the wearing out, consumption, or expiration of the asset's value over time. Depreciation is recorded as an expense on the income statement and as an accumulated depreciation contra-asset on the balance sheet. It helps match the cost of the asset with the revenue it helps to generate, providing a more accurate reflection of the company's profitability.。
会计专业英语答案
会计专业英语答案【篇一：15春学期《会计专业英语》在线作业满分答案】a. an expense accountb. a capital accountc. a liability accountd. an asset account?正确答案：d2. the debt created by a business when it makes a purchase on account is referred to as ana. account payableb. account receivablec. assetd. expense payable?正确答案：a3. when the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds area. convertible bondsb. unsecured bondsc. debenture bondsd. callable bonds?正确答案：d4. which of the items below is not a business organization form?（）a. entrepreneurshipb. proprietorshipc. partnershipd. corporation?正确答案：a5. cash investments made by the owner to the business are reported on the statement of cash flows in thea. financing activities sectionb. investing activities sectionc. operating activities sectiond. supplemental statement?【篇二：《会计专业英语》期末试题(a卷)答案】txt>1. (1) journal entry—a chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts.(2) going concern ——an assumption that a business entity will continue in operation indefinitely and thus will carry out its existing commitments.(3) matching principle——the revenue earned druing an accounting period is offset with the expenses incurred in generating this revenue.(4) working capital——current assets minus current liabilities(5) revenue expenditure——any expenditure that will benefit only the current accounting period.2. 每空1分，其中两个debit合计1分(1) (two). (debit). (debit). (equal). (2) (adjusting). (assign). (end). (prior) (3) (liquid). (that). (at)3.题一10分，第一小段6分，第二小段4分。
最新会计专业英语期末考试试卷和答案
会计专业英语期末考试试卷和答案1. The economic resources of a business are called: BA.Owner’s EquityB.AssetsC.Accounting equationD.Liabilities2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on January 20 by DTK Company to record this transaction includes: DA.A debit to the cash receivable account of $2100.B.A credit to the accounts receivable account of $2100.C.A debit to the cash account of $1400.D.A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at: AA.Face value.账面价值B.Current value.现值C.Market value.市场价值D.Estimated future sales value.4. Each of the following measures strengthens internal control over cash receipts except: DA.The use of a voucher system.B.Preparation of a daily listing of all checks received through the mail.C.The deposit of cash receipts intact in the bank on a daily basis.D.The use of cash registers.5. Which of the following items is the greatest in dollar amount? DA.Beginning inventoryB.Cost of goods sold.C.Cost of goods available for saleD.Ending inventory6.Why do companies prefer the LIFO inventory后进先出法method during a period of rising prices? BA.Higher reported incomeB.Lower income taxesC.Lower reported incomeD.Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment? DA.IntangibleB.Unlimited lifeC.Being sold in its useful lifeD.Not capable of rendering benefits to the business in the future.8. Which account is not a contra-asset account? BA.Depreciation ExpenseB.Accumulated DepletionC.Accumulated DepreciationD.Allowance for Doubtful Accounts9. What are the two factors that make ownership of an interest in a general partnership particularly risky? AA.Mutual agency and unlimited personal liabilityB.Limited life and unlimited personal liability.C.Limited life and mutual agency.D.Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in the daily management of the business? DA.General partnersB.Limited liability partnersC.Sole proprietors 个体经营者D.Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA.Help their analysis of financial statementsB.Help their understanding of financial statementsC.Help their checking of financial statements.D.All of the above12. The current liabilities are $30 000, the long-term liabilities are $50 000, and the total assets are $240 000. What is the debt ratio? CA. 0.125B. 0.208C. 0.333D. 3.013. The horizontal analysis is used mainly to AA.Analyzing financial trendsB.Evaluating financial structureC.Assessing the pat performancesD.Measuring the term-paying ability14. Among the following ratios, which is used for long-term solvency analysis?长期偿债能力分析AA.Current ratio 流动比率B.Times-interest-earned ratioC.Operating cycleD.Book value per share15. A profit-making business that is a separate legal entity and in which ownership is divided into shares of stock is known as a DA.Sole proprietorship 个体独资公司B.Single proprietorshipC.Partnership 合伙公司D.Corporation 股份有限公司二、名词解释(10分)(1) Journal entry：日记账Journal entry is a logging of transactions into accounting journal items. It can consist of several items, each of which is either a debit or a credit. The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced". Journal entries can record unique items or recurring items such as depreciation or bond amortization.(2) Going concern：持续经营The company will continue to operate in the near future, unless substantial evidence to the contrary exists.(3) Matching principle：一致性原则(4) Working capital：营运资金(5) Revenue expenditure：收入费用三、会计业务（共35分）1. On December 1, ME Company borrowed $250 000 from a bank, and promise to repay that amount plus 12% interest (per year) at the end of 6 months.(1)Prepare the general journal entry to record obtaining the loan from the bank on December 1.(2)Prepare the adjusting journal entry to record accrual of the interest payable on the loan on December 31.Answer:(1)Debit: cash $250000Credit: current liabilities $250000(2)Debit: Accrual Expense $5000 不确定Credit: Interest Payable $50003. Please prepare the related entries according to the following accounting events.1)Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of this amount, $200,000 remains uncollected at December 31. The credit manager estimates that $12,000 of these sales will be uncollectible. Please prepare the adjusting entry to record the estimated uncollectible.2)On March 1, 2003 the manager of finance of Healy Furniture authorizes a write-off of the $500 balance owed by Nick Company. Please make the entry to record the write-off.3)On July 1, Nick Company paid the $500 amount that had been written off on March 1.Answer:(1)Debit: Uncollectible Accounts Expense坏账损失$12000Credit: Allowance for Doubtful Accounts坏账准备$12000(2)Debit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3)Debit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500Debit: Cash $500Credit: Accounts Receivable $500四、英译汉（40分）1) Accounting principles are not like physical laws; they do not exist in nature, awaiting discovery man. Rather, they are developed by man, in light of what weconsider to be the most important objectives of financial reporting. In many ways generally accepted accounting principles are similar to the rules established for an organized sport such as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。
会计专业英语期末试题 )
会计专业英语期末试题)期期末测试题Ⅰ、Translate The Following Terms Into Chinese .1. entity concept 主题概念2.depreciation折旧3. double entry system4.inventories5. stable monetary unit6.opening balance7.current asset 8.financial report9.prepaid expense 10.internal control11.cash flow statement 12.cash basis13.tangible fixed asset 14.managerial accounting15. current liability 16.internal control17.sales return and allowance 18.financial position19.balance sheet 20.direct write-off methodⅡ、Translate The Following Sentences Into Chinese .1. Accounting is often described as an information system. It is the systemthat measures business activities, processes into reports and communicates these findings to decision makers.2. The primary users of financial information are investors and creditors.Secondary users include the public, government regulatory agencies,employees, customers, suppliers, industry groups, labor unions, othercompanies, and academic researchers.3. There are two sources of assets. One is liabilities and the other isowner’s equity. Liabilities are obligations of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets or services in the future.资产有两个来源，一个是负债，另一个是所有者权益。
会计英语期末试卷
会计英语期末试卷出卷人：叶君敏适合06财会（1）（2）班级 2021-1-7一、你认识下列专业术语吗？请将他们译成中文。
10分accounting accounting equation accountants assets liabilities on credit debit side credit side freight charges the balance sheet 二、选择正确答案。
20分1. The purpose of accounting is to ___________________.A. provide financial informationB. make economic decisionC. levytaxes2. The process of recording transactions in the journal is termed______________________. A. posting B. journalizing C. thetrial balance3. If a company has liabilities of 19,000 and owner’s equity of57,000 ,the assets of the company are ______________. A. 76,000B. 38,000C. 80,0004. If a company has assets of 86,000 and liabilities of 9,600 .theowner’s1equity of the company is __________________. A. 95,000 B.8,000 C. 76,4005. Which of the following is a liabilities account? A. withdrawals B.accounts receivable C. interest payable6. Which of the following is an assets account? A. notes receivableB. commissionC. bonds payable7. Which of the following is an owner’s equity account? A. notes payableB. capitalC. supplies8. Which of the following is a revenue accounts? A. accounts payableB. withdrawalsC. commission9. In the double �Centry system, each transaction must be recorded_________________.A. onceB. twiceC. three times10. The income statement for a merchandising concern differs from that fora service firm is ____________. A. revenue from sales B. cost of goods sold2C. operating expenses 三、完成下列句子。
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《财会专业英语》期终试卷I.Put the following into corresponding groups. (15 points)1.Cash on hand2.Notes receivable3.Advances to suppliers4. Other receivables5.Short-term loans6.Intangible assets7.Cost of production 8.Current year profit 9. Capital reserve10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payrollAssets Liabilities Owner’sequtiy Cost Profit andlossII.Please find the best answers to the following questions. (25 Points) 1. Aftin Co. performs services on account when Aftin collects the accountreceivableA.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decrease2. A balance sheet report .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period3. The following information about the assets and liabilities at the end of 20 x1 and 20 x2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000how much the owner’sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on account is .A. Dr.Accounts Payable 890Cr. Cash 890B. Dr.Cash 890Cr. Accounts Receivable 890C. Dr.Cash 890Cr. Account Payable 890D. Dr.Cash 890Cr. Service Revenue 8906. 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 haveA. $ 68,400B.$ 46,800C. $ 181,900D.annot be determined from theinformation given7. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500Salary expense $ 56,100Salary payable $ 3,600Service revenue $ 190,500A. $ 201,000B. $ 137,100C. $ 265,000D. $ 74,5008. 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 payable.what is the balance in the inventoryies account?A $ 500B. $ 900C. $ 1,200D. $ 1,5009.The debit side of an account is used to recordA.increasesB.decreasesC. increases or decreases,depending on the type of accountD.decline10.ABC ,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equity of $50,000.during the year ABC earned revenue of $110,000 and paid espenses of $30,000.and also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the year?A. $150,000B.$180,000C.$190,000D.$220,00011．Which of the following is true? __________.A. Owners’ Equity - Assets = LiabilitiesB. Assets –Owners’ Equity = LiabilitiesC. Assets + Liabilities = Owners’ EquityD. Liabilities = Owners’ Equ ity + Assets12．Which of these is an example of an liability account? _____ ________.A. Service RevenueB. CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debit and credit? ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity14．If earnings haven’t been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deducted from the original value of plant assets when we compute their net value _______.A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD. Retained earnings16．Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet:Cash $ 100Accounts receivable 500Stockholders' equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remington's liabilities?A. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. During theyear, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000.19.If the assets of a business are $162,600 and the liabilities are $86,000,howmuch is the owner’s equity?A..$76,600B. $248,600.C. $147,000.D. $250,000.20.Aftin Co. purchases on account when Aftin pay the account payableA.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decrease21.A income statement reports .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period22.The following information about the assets and liabilities at the end of 20 x 1and 20 x 2 is given below: 20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 If net income in 20 x 2 was $ 1,500 and there were no withdrawals, how much did the owner invest?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,00023.Traylor Company receive $ 2 850 on account. The effect of this transactionon the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities24.The entry to record the collection of $ 8000 from a customer on accountis .A. Dr.Accounts Payable 8000Cr.Cash 8000B. Dr.Cash 8000Cr.Accounts Receivable 8000C. Dr.Cash 8000Cr.Account Payable 8000D. Dr.Cash 8000Cr.Service Revenue 800025.A list of a business entitys assests,liabilities,and owner’s equity on a givendate isA.a balance sheetB.an income statementC.a statement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points)1. The accounting profession today is changing rapidly.2. Assets are what you own.Liabilities are what you owe.Owner’s Equty iswhat’s left over .3. The original voucher is obtained or filled in what business transactions tookplace.4. Normally an asset account will have a debit balance.5. The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to the following bank statement and depositor’s book.(10 points)Bank StatementDepositor’s RecordBank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve2.manufacturing machine3. Construction in progress worth5. promissory note6. in other words7.profit distribution 8. storage room9.principal plus interest 10. accounting statementVII. The following is transactions of ABC company.please make entries.(24 poins)1. .ABC company was established on Jan.1,2010,when the owners,MrsSmiths and his friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2. ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissorynote from a lacal bank.4. ABC buys a machine for $20,000,and pays the bill in cash.5. ABC paid the telephone bill for $700 in cash.6. ABC paid $3,800 on the accounts payable.7. ABC determine the month depreciation of the manufactory bulding for$5,000.8. ABC purchasese materials of $5,000 on account.9. ABC sells some goods to a client and receives a check from the customerfor $ 2,000 for the goods provided.10.ABC issues a 9%-5，$100,000 bond at its face amount. The bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years.(1) Entry to bonds issued;(2) Entry to record the accrual interest for each year;(3) 2014 the company repays the principal plus interest.《财会专业英语》期末试卷答卷I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points)1.2.3.4.5.IV. （10points）Bank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. 2.3. 4.5. 6.7. 8.9. 10.VII. The following is transactions of ABC company.please make entries.(24 poins)《财会专业英语》答案I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points) （略）IV. （10points）Bank ReconciliationDate 31 Month MayV. Put the correct answer into the blanks.(6points)1.Assets=Liab ilities+Owner’s equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years of Service LifeVI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC company.please make entries.(24 poins)（略）。