会计学专业 会计英语试题

一、words and phrases1.残值 scrip value2.分期付款 installment3.concern 企业4.reversing entry 转回分录5.找零 change6.报销 turn over7.past due 过期8.inflation 通货膨胀9.on account 赊账10.miscellaneous expense 其他费用11.charge 收费12.汇票 draft13.权益 equity14.accrual basis 应计制15.retained earnings 留存收益16.trad-in 易新，以旧换新17.in transit 在途18.collection 托收款项19.资产 asset20.proceeds 现值21.报销 turn over22.dishonor 拒付23.utility expenses 水电费24.outlay 花费25.IOU 欠条26.Going-concern concept 持续经营27.运费 freight二、Multiple-choice questionof the following does not describe accounting? ( C )A. Language of businessB. Useful ofr decision makingC. Is an end rathe than a means to an end.by business, government, nonprofit organizations, and individuals.objective of financial reporting is to ( B )A. Assess the adequacy of internal control.information useful for investor decisions. management results compared with standards. information on compliance with established procedures.of the following statements is(are) correct?( B )depreciation represents a cash fund being accumulated for the replacement of plant assets.company may use different depreciation methods in its financial statements and its income tax return.cost of a machine includes the cost of repairing damage to the machine during the installation process.use of an accelerated depreciation method causes an asset to wear out more quickly than does use ofthe unit-of-product method.4. Which of the following is(are) correct about a company’s balance sheet? ( B )displays sources and uses of cash for the period.is an expansion of the basic accounting equationis not sometimes referred to as a statement of financial position.is unnecessary if both an income statement and statement of cash flows are availabe.of financial reporting to external investors and creditors include preparing information about allof the following except. ( A )used to determine which products to poduceabout economic resources, claims to those resources, and changes in both resources and claims.that is useful in assessing the amount, timing, and uncertainty of future cash flows.that is useful in making ivestment and credit decisions.of the following measures strengthens internal control over cash receipts except. ( C )use of a petty cash fund. of a daily listing of all checks received through the mail.use of cash registers. deposit of cash receipts in the bank on a daily basis.primary purpose for using an inventory flow assumption is to. ( A )against revenue an appropriate cost of goods sold. the physical flow of units of merchandise. income taxes. the reported amount of net income.general terms, financial assets appear in the balance sheet at. ( B )value value future sales value.the going-concem assumption is no longer valid for a company except. ( C )held as an ivestment would be valued at its liquidation value.prepaid assets would be completely written off immediately.contributed capital and retained earnings would remain unchanged.allowance for uncollectible accounts would be eliminated.of the following explains the debit and credit rules relating to the recording of revenue and expenses?( C )appear on the left side of the balance sheet and are recorded by debits;revenue appears on the right side of the balance sheet and is reoorded by credits.B. Expenses appear on the left side of the income statement and are recorded by debits; Revenue appearson the right side of the income statement and is recorded by credits. effects of revenue and expenseson owners’ equity.realization principle and the matching principle.of the following statements is(are) correct?( B )depreciation represents a cash fund being accumulated for the replacement of plant assets.cost of a machine do not includes the cost of repairing damage to the machine during the installation prcess.company may use same depreciation methods in its finacial statements and its income tax return.use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the straight-line method.set of financial statements ( B ) except.intended to assist users in evaluating the financial position, profitability, and future prospectsof an entity.intended to assist the Intemal Revenue Service in detemining the amount of income taxes owed by a business organization. notes disclosing information necessary for the proper interpretation of the statements.intended to assist investors and creditors in making decisions inventory the allocation of economic resources.primary purpose for using an inventory flow assumption is to. ( B )the physical flow of units of merchandise. against revenue an appropriate cost of goods sold income taxes. the reported amount of net income.all correct answers. In the accounting cycle. ( D )are posted before they are journalized.trial balance is prepared after journal entries haven’t been posted.Retained Earnings account is not shown as an up-to-date figure in the trial balance.entries are posted to appropriate ledger accounts.to text, Objectives of Financial Reporting by Business Enterprises. ( D )users have the ability to prescribe information they want.is always based on exact measures.reporting is usually based on industries or the economy as a whole.accounting does not directly measure the value of a business enterprise.all correct answers. Dividends except ( A )owners’ equity. net income recorded by debiting the Cash accounta business expenseof the following practices contributes to efficient cash management? ( C )borrow money-maintain a cash balance sufficient to make all necessary payments.all cash receipts and cash payments at the end of the month when reconciling the bank statements.monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance. each bill as soon as the invoice arrives.of the following would you expect to find in a correctly prepared income statement? ( A )earned during the period. balance at the end of the period.by the owner during the period. incurred during the next period to earn revenues.of the following are important factors in ensuring the integrity of accounting information? ( D ) factors, such as standards for preparing information. organizations, such as the American Institute of CPAs. ’ judgment’ and ethical behavior of individual accountants’ of the above.三、Practices1, 2000, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $40,000 for 2000, calculated under the sum-of –the-years’–digits method. Required: Determine the acquisition cost of the equipment. ( C )A.$210,000B.$250,000C.$D.$200,0002. On , 2002, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $24,000 for 2004, calculated under the sum-of –the-years’–digits method (4%). Required: Determine the acquisition cost of the equipment. ( C )A.$220,000B.$250,000C.$D.$200,0003. October 1, 2005, Coast Financial Ioaned Bart Corporation $3000,000, receiving in exchange a nine-month, 12 percent note receivable. Coast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Bart Corporation during 2006 will amount to. ( A )A.$9,000B.$18,000C.$D.$36,000Question: What is the reconciled balance? ( B )A.$4,187B.$4,085C.$4,090D.$4,000Required: Choose the reconciled balance. ( D )A.$3,220B.$3,250C.$3,200D.$3,225Required:Calculate the cost of goods available for sale(C)A.$475,000B.$474,000C.$470,000D.$473,000Required: Calculate the cost of goods sold ( D )A.$225,000B.$254,000C.$250,000D.$253,000the end of the current year, the accounts receivable account has a debit balance of $60,000 and net sales for the year total $100,000. The allowance account before adjunstment has adebit balance of a $500, and uncollectible accounts expense is estimated at 1% of net sales. Question: The entry for the above bad debts is ( A ). Bad Debt Accts. $1,500 . Bad Debt Accts. $500Cr. Allowance Doubtful Accts. $1,500 Cr. Allowance Doubtful Accts. $500C. Dr. Bad Debt Accts. $1,000D. Dr. Bad Debt Accts. $1,500Cr. Accts Rec. $1,000 Cr. Accts Rec. $1,500balance sheet items to The Oven Bakery(arranged in alphabetical order)were as follows at August 1,2005.(You are to compute the missing figure for retained earnings.)(4%)REQUIRED:Find Retained earnings at August 1 2005(D)A.$420,000B.$44,000C.$40,000D.$48,000Practices2Sue began a public accounting practice and completed these transactions during first month of the current year.Required: Choose the entries to record the following transactons.$50,000 cash in a public accounting practice begun this day. ( A ). Cash $50,000 . Capital Stock $50,000Cr. Capital Stock $50,000 Cr. Cash $50,000cash for three monts’ office rent in advance $900( B ). Rent Exp. $900 . Prepaid Rent $900Cr. Cash $900 Cr. Cash $900the premium on two insurance policies, $300. ( ). Prepaid Insurance $300 . Insurance Exp $300Cr. Cash $300 Cr. Cash $300accounting work for Sun Bank on credit $1000. ( A ). Accts Rec $1000 . Cash $1000Revenue $1000 Revenue $1000the monthly utility bills of the accounting office $300 ( A )Utility Exp $300 office Exp $300Cr. Cash $300 Cr. Cash $300Linda began a public accounting practice and completed these transactons during first month of the current year.Required: Choose the entries to record the following transactons.$20,000 cash in a public accounting practice begun this day. ( A )Cash $20,00 Capital Stock $20,000Cr. Capital Stock $20,000 Cr. Cash $20,00cash for three months’ office rent in advance $1200.( B ). Rent Exp $1200 . Prepaid Rent $1200Cr. Cash $1200 Cr. Cash $1200offfice supplies $100 and office equipment $2,000 on credit. ( B ). Office Equipment $2,000 Equipment $2,000Office Supplies $100 Office Supplies $100Cr. Accts Rec. $2,100 Pay. $2,100accounting work for Jack Hall and collected $2000 cash therefore. ( B ). Accts Rec $2000 . Cash $2000Revenue $2000 Revenue $2000additional office equipment on credit $2500.( A )equipment $2500 . Office equipment $2500Pay $2500 Rec $2500四、Translation:1)The mechanics of double-entry accounting are such that every transaction is recorded in the debit side of one or more accounts and in the credit side of one or more accounts with equal debits and credits. Such form of combination is called accounting entry. Where there are only two accounts affected. 2)the debit and credit amounts are equal. If more than two accounts are affceted, the total of the debit entries must equal the total of the credit entries. The double-entry accounting is used by virtually every business organization, regardless of whether the company’s accounting records are maintained manually or by computer.mechanics of double-entry accounting.( B )A.会计两次记账的制度B.复式记账机制C.会计的重复记账体制debit and credit amounts are equal. ( A )A.借方金额与贷方金额是相等的B.借出金额与贷款金额是相等的C.借入金额与贷款金额是相等的Most accounting methods are based on the assumption that the business enterprise will have a long life. Experience indicates inspite of numerous business failures, companies have a fairly high continuance rate. Accountants do not believe that business firms will last indefinitely, but they do expect them to last long enouthto 2)fulfill their objectives and commitments.spite of numerous business failures, companies have a fairly high continuance rate. ( B )A.可惜有许多企业失败,但公司仍有较高的持续经营比率。