会计英语试题及答案教学提纲

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会计基础试题及答案英语

会计基础试题及答案英语Accounting Basics Test Questions and Answers1. Multiple Choice Questions:a) The accounting equation can be expressed as:i) Assets - Liabilities = Owner's Equityii) Owner's Equity + Liabilities = Assetsiii) Liabilities + Owner's Equity = Assetsiv) Assets + Owner's Equity = LiabilitiesAnswer: iii) Liabilities + Owner's Equity = Assetsb) Which of the following is an example of an intangible asset?i) Landii) Inventoryiii) Patentsiv) Accounts PayableAnswer: iii) Patentsc) What is the purpose of the income statement?i) To show the financial position of a company at a specific point in timeii) To summarize revenue, expenses, and net income or loss for a specific periodiii) To track changes in owner's equity over timeiv) To provide information on cash flow activities of a companyAnswer: ii) To summarize revenue, expenses, and net income or loss for a specific period2. Short Answer Questions:a) Define accrual accounting.Answer: Accrual accounting is a method of recording financial transactions at the time they occur, regardless of when the cash is received or paid. It recognizes revenue when earned and expenses when incurred, ensuring a more accurate representation of a company's financial position.b) What is the difference between accounts receivable and accounts payable?Answer: Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit. Accounts payable, on the other hand, refers to the money owed by a company to its suppliers or vendors for purchases made on credit.3. Calculation Questions:a) Calculate the net income for a company given the following information:Revenue: $50,000Expenses: $32,000Answer: Net Income = Revenue - ExpensesNet Income = $50,000 - $32,000Net Income = $18,000b) Determine the current ratio for a company with the following information:Current Assets: $100,000Current Liabilities: $50,000Answer: Current Ratio = Current Assets / Current LiabilitiesCurrent Ratio = $100,000 / $50,000Current Ratio = 24. True or False Questions:a) The cash flow statement reports the inflows and outflows of cash during a specific period.Answer: Trueb) The matching principle states that expenses should be recorded in the same accounting period as the revenue they generate.Answer: Truec) The double-entry accounting system records each transaction with at least two entries, a debit and a credit.Answer: TrueIn conclusion, this set of accounting basics test questions provides a mix of multiple-choice, short answer, calculation, and true or false questions to assess your understanding of fundamental accounting concepts. These questions cover topics such as the accounting equation, intangible assets, purpose of the income statement, accrual accounting, accounts receivable and accounts payable, net income calculation, current ratio, and more. By testing your knowledge in these areas, you can strengthen your foundation in accounting principles.。

会计英语试题及答案

会计英语试题及答案1. Multiple Choice QuestionsChoose the correct option for each question.1. What is the main objective of financial accounting?a) To provide information for internal decision makingb) To provide information for external partiesc) To prepare budgets and forecastsd) To ensure tax compliance2. The matching principle in accounting suggests:a) Expenses should be recognized when incurredb) Revenues should be recognized when cash is receivedc) Expenses should be recognized when cash is paidd) Revenues should be recognized when earned3. Which financial statement reports the financial position of a company at a specific point in time?a) Income statementb) Cash flow statementc) Balance sheetd) Statement of retained earnings4. An increase in accounts payable would be recorded as a:a) Debit to accounts payableb) Credit to accounts payablec) Debit to accounts receivabled) Credit to accounts receivable5. Under the accrual basis of accounting, revenue is recognized:a) When cash is receivedb) When goods are deliveredc) When services are providedd) When accounts receivable are collected2. Fill in the BlanksComplete the following sentences with the appropriate accounting terms.1. The ___________________ is the owner's claim on the assets of a business.2. _________________ is the process of allocating the cost of an asset over its useful life.3. The ___________________ is the amount by which current assets exceed current liabilities.4. A _________________ is a decrease in equity resulting from the sale of goods or services.5. The process of converting assets, liabilities, and owners' equity from one currency to another is called _________________.3. True or FalseDetermine whether the following statements are true or false.1. Accrual accounting recognizes revenue and expenses when cash is exchanged.2. The accounting equation is Assets = Liabilities + Owners' Equity.3. The statement of cash flows reports the cash inflows and outflows during a specific period.4. An audit is an examination of financial statements to ensure their accuracy.5. Liabilities represent the claims of owners on the assets of a business.4. Short AnswerProvide a brief answer to the following questions.1. What is the difference between a debit and a credit in accounting?2. Define the term "fixed assets" and provide an example.3. What is the purpose of adjusting entries in the accounting cycle?4. What are the main components of the income statement?5. How does the accrual basis of accounting differ from the cash basis of accounting?答案：1. Multiple Choice Questions1. b) To provide information for external parties2. a) Expenses should be recognized when incurred3. c) Balance sheet4. b) Credit to accounts payable5. c) When services are provided2. Fill in the Blanks1. Equity2. Depreciation3. Working capital4. Expense5. Foreign currency translation3. True or False1. False2. True3. True4. True5. False4. Short Answer1. In accounting, a debit represents an increase in assets or expenses anda decrease in liabilities or equity. A credit represents an increase in liabilities or equity and a decrease in assets or expenses.2. Fixed assets, also known as property, plant, and equipment, are long-term assets with a useful life of more than one year. An example of a fixed asset is a building or a vehicle.3. Adjusting entries are made at the end of the accounting period to ensure that revenues and expenses are recognized in the correct period. These entries are necessary to comply with the matching principle and accrual accounting.4. The main components of the income statement are revenues, expenses, gains, and losses. Revenues represent the income generated from the primary operations of the business, while expenses are the costs incurred to generate that revenue. Gains and losses are non-operating items that result from activities outside the normal course of business.5. The accrual basis of accounting recognizes revenue and expenses when they are earned or incurred, regardless of the actual cash flow. In contrast, the cash basis of accounting recognizes revenue and expenses only when cash is received or paid. The accrual basis provides a more accurate picture of the financial performance and position of a business over a specific period of time.。

会计专业英语试卷（推荐5篇）

II.选择 20分
A.withdrawalsB.accounts receivableC.interest payable 6.Which of the following is an assets account?
A.notes missionC.bonds payable 7.Which of the following is an owner’s equity account?
Passage 1
Many rule govern drivers on the streets and highways.The most common one is the speed limit.The speed limit controls how fast a car may go.On streets in the city, the speed limit is usually 25 or 35 miles per hour.On the highways between cities, the speed limit is usually 55 miles per hour.When people drive faster than the speed limit, a policeman can stop them.The policeman gives them pieces of paper which call traffic tickets.Traffic tickets tell the drivers how much they must pay.When drivers receive too many tickets, they probably cannot drive for a while.The rush hour is when people are going to or returning from work.At rush hour there are many cars on the streets and traffic moves very slowly.Nearly al big cities have rush hours and traffic jams.Drivers do not get tickets very often for speeding during the rush hour because they cannot drive fast.1.The most common rule to govern drivers on the streets and highways is _____.A.the traffic lightB.the traffic licenseC.the traffic jamD.th计专业英语试卷（推荐5篇）

会计基础试题及答案英语

会计基础试题及答案英语一、选择题（每题1分，共10分）1. What is the primary purpose of financial accounting?A. To provide information for internal management decisionsB. To provide information for external stakeholdersC. To record daily transactionsD. To calculate taxes2. Which of the following is not an accounting principle?A. ConsistencyB. MaterialityC. RelevanceD. Efficiency3. What does the term "Double Entry" refer to in accounting?A. Recording transactions twiceB. Recording both the debit and credit effects of a transactionC. Recording only the debit side of a transactionD. Recording only the credit side of a transaction4. Which of the following is an example of a liability?A. CashB. Accounts ReceivableC. Accounts PayableD. Inventory5. 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 Liabilities6. Which of the following is a non-current asset?A. Prepaid RentB. LandC. SuppliesD. Salaries Payable7. What is the purpose of adjusting entries?A. To distribute expenses over the period in which they are incurredB. To increase the company's reported profitC. To reduce the company's reported profitD. To prepare the financial statements for the next year8. What is the accounting equation?A. Assets = Liabilities + EquityB. Assets - Liabilities = EquityC. Equity = Assets - LiabilitiesD. All of the above9. What is the term for the systematic allocation of the cost of a tangible asset over its useful life?A. AmortizationB. DepreciationC. AccrualD. Provision10. Which of the following is not a type of revenue?A. Sales RevenueB. Interest RevenueC. Dividend RevenueD. Cost of Goods Sold二、简答题（每题5分，共10分）1. Explain the concept of "matching principle" in accounting.2. What are the main components of a balance sheet?三、计算题（每题5分，共15分）1. If a company has current assets of $100,000 and current liabilities of $50,000, calculate the company's current ratio.2. A company purchased equipment for $80,000 on January 1, 2023. The equipment is expected to last for 5 years and will have no residual value at the end of its useful life.Calculate the annual depreciation expense using the straight-line method.四、案例分析题（每题25分，共25分）A company reported the following transactions for the year 2023:- Sales Revenue: $500,000- Cost of Goods Sold: $300,000- Operating Expenses: $150,000- Depreciation Expense: $20,000- Interest Expense: $10,000Calculate the company's net income for the year 2023.答案：一、选择题1. B2. D3. B4. C5. A6. B7. A8. D9. B10. D二、简答题1. The matching principle in accounting requires that expenses be recognized in the same period as the revenues they helped to generate. This ensures that the financial statements reflect the true economic performance of the company.2. The main components of a balance sheet are Assets, Liabilities, and Equity.三、计算题1. Current Ratio = Current Assets / Current Liabilities = $100,000 / $50,000 = 22. Annual Depreciation Expense = (Cost of Equipment - Residual Value) / Useful Life = ($80,000 - $0) / 5 = $16,000四、案例分析题Net Income = Sales Revenue - Cost of Goods Sold - Operating Expenses - Depreciation Expense - Interest ExpenseNet Income = $500,000 - $300,000 - $150,000 - $20,000 - $10,000 = $20,000结束语：本试题涵盖了会计基础的多个方面，包括基本概念、原则、财务报表的构成以及简单的会计计算。

会计英语叶建芳答案

会计英语叶建芳答案会计英语叶建芳答案>一、课程性质与目标（一）课程性质《会计英语》是会计学专业的学科基础课程之一，是为培养既具备国际相关专业知识和业务技能又具备熟练运用专业英语从事专业工作的人才而开设的一门专业限选课。

本课程的先修课程为会计学原理，大学英语等。

（二）课程目标本课程讲授内容基于国际会计准则之下的会计概念、财务报表、流动资产、长期资产、负债与或有事项、所有者权益以及会计的其他领域如成本会计，管理会计和审计的概况等。

通过本课程的学习，要求学生了解中国和XX会计处理的相同和不同，掌握基本的会计处理的英文表达方式，熟练掌握专业的英文术语。

通过考核，检查学生是否具备阅读会计英语文献，基础的专业交流能力，基础的专业做账能力。

为学生今后在外企工作，从事外贸工作打下良好的基础。

二、考试内容与考核目标chapter 1 conceptual framework underlying accounting （一）考试内容1. definition of accounting2. objectives of financial accounting3. the qualitative characteristics of accounting information4. the basic elements of financial statements and equations.5. the basic accounting assumptions（二）考核目标1. to learn objectives of financial accounting2. to learn the basic accounting assumptions3. master the basic elements of financial statements andequations4. proficiency in the qualitative characteristics o faccountinginformation.chapter 2 the accounting information system（一）考试内容1. the basic terminology in collecting accounting data.2. the double-entry system3. the procedures of accounting cycle（二）考核目标1. proficency the basic terminology in collecting accountingdata.2. understand the double-entry system3. understand the procedures of accounting cycle chapter 3 financial reporting（一）考试内容1. the elements of balance sheet and how to prepare thebalance sheet2. the elements of ine statement and how to prepare theine statement3. the elements of the statement of cash flows4. the five sections of full disclosure. （二）考核目标1. proficency the elements of balance sheet and how toprepare the balance sheet.2. prjoficency the elements of ine statement and how toprepare the ine statement.3. master the elements of the statement of cash flows4. to learn the five sections of full disclosure. chapter 4 current assets（一）考试内容1. the definition of cash and cash equivalents2. the definition of receivables and classification ofreceivables.3. the definition of account receivables, two discounts, andtwo methods used to calculate the exchange price under cashdiscount —the gross method and the method4. two methods to deal with un-collectible accountsreceivables —the direct write-off method and the allowancemethod5. two methods to determine the inventory quantity —periodicinventory system and perpetual inventory system6. master four methods available to account for the flow ofgoods from purchase to sale:(1) specific identification, (2) first in, first out, (3) last in, first out,(4) averaging7. three methods to report temporary investment-- historicalcost, market value, and the lower of cost or market （二）考核目标1. understand the definition of cash and cash equivalents2. learn the definition of receivables and classification ofreceivables.3. understand the definition of account receivables, twodiscounts, and two methods used to calculate the exchangeprice under cash discount —the gross method and the method4. figure out two methods to deal with un-collectible accountsreceivables —the direct write-off method and the allowancemethod5. identify two methods to determine the inventory quantity —periodic inventory system and perpetual inventory system6. master four methods available to account for the flow ofgoods from purchase to sale:(1) specific identification, (2) first in, first out, (3) last in, first out,(4) averaging7. understand three methods to report temporary investment--historical cost, market value, and the lower of cost or market chapter 5 long-term assets （一）考试内容1. the characteristics of property, plant, and equipment, andhow to record ppe under different situations.2. the methods of depreciation.3. capitalization expenditure and revenue expenditure of thefixed assets.4. the disposition of fixed assets5. three circumstances of investment of equity securities.6. three different debt securities.7. the characteristics of intangible assets.8. the different kinds of intangible assets （二）考核目标1. to identify the characteristics of property, plant, andequipment, and how to record ppe under different situations.2. to understand the methods of depreciation.3. to figure out capitalization expenditure and revenueexpenditure of the fixed assets.4. to learn how to deal with the disposition of fixed assets5. to understand the three circumstances of investment ofequity securities.6. to learn the three different debt securities.7. to understand the characteristics of intangible assets.8. to learn the different kinds of intangible assets chapter 6 liabilities and contingencies （一）考试内容1. the definition of current liabilities and related elements,especially notes payable2. the classification of bonds payable.3. the definition of par value, premium, discount, statedinterest rate, the effective yield, and the method to deal withamortization of premium and discount.4. the characteristics of contingency（二）考核目标1. understand the definition of currentliabilities relatedelements, especially notes payable2. identify the classification of bonds payable.3. prehend the definition of par value, premium, discount,stated interest rate, the effective yield, and the method to dealwith amortization of premium and discount.4. understand the characteristics of contingencychapter 7 stockholders ’ equity（一）考试内容1. the definition and characteristics of equity2. the sole proprietorships ’ characteristics.3. thepartnerships ’ characteristics. 4. thecorporation ’s characteristics.5. the difference between mon stock and preferred stock.6. two methods to record treasury stock（二）考核目标1. understand the definition and characteristics of equity2. identify the sole proprietorships ’ chearriasctitcs.3. learn the partnerships ’ characteristics.4. understand the corporation ’s characteristics.5. figure out the difference between mon stock andpreferred stock.6. master two methods to record treasury stock chapter8 the other fields of accounting---cost accounting,managerialaccounting, auditing（一）考试内容1. the two principles of cost accounting systems2. the characteristics of managerial accounting3. the characteristics of auditing and sevral audit reports （二）考核目标1. understand the essential of costing accounting and itsscope2. learn the characteristics of managerial accounting3. figure out the difference between auditing and accounting三、教材及参考（一）本课程使用的教材《会计英语简明教程》 [英文版 ] 李越冬编著西南财经大学出版社2022 年 5 月第 1 版（二）参考1．叶建芳，孙红星，何瑞丰 .会计英语 .上海：复旦大学出版社，2022 年2．于久洪 . 会计英语 .北京：中国人民大学出版社，2022 年3. 张国华，王晓巍著 .财会专业英语 .北京：科学出版社， 2022 年四、考试题（样题）本试题包括填空（考查对定义的理解）、调整分录（会计循环）、会计处理、完成资产负债表（考查资产负债表的要素分类）、编制利润表。

会计学英语试题及答案

会计学英语试题及答案一、单项选择题（每题2分，共10题）1. Which of the following is not a financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Tax Return2. The process of recording all financial transactions in a company is known as:A. BudgetingB. ForecastingC. BookkeepingD. Auditing3. What does the term "Depreciation" refer to?A. The increase in value of an asset over timeB. The decrease in value of an asset over timeC. The sale of an assetD. The purchase of an asset4. Which of the following is not a type of receivable?A. Accounts ReceivableB. Notes ReceivableC. InventoryD. Trade Receivables5. What is the purpose of an audit?A. To ensure compliance with tax lawsB. To verify the accuracy of financial recordsC. To prepare financial statementsD. To manage the company's budget6. The term "Equity" in accounting refers to:A. The total assets of a companyB. The total liabilities of a companyC. The owner's investment in the companyD. The company's net income7. Which of the following is not a component of a balance sheet?A. AssetsB. LiabilitiesC. EquityD. Revenue8. The accounting equation is represented as:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Assets + Equity = Liabilities9. What is the term used to describe the conversion of cash into other assets?A. InvestingB. FinancingC. OperatingD. Spending10. Which of the following is a non-current asset?A. CashB. InventoryC. LandD. Office Supplies二、多项选择题（每题3分，共5题）1. Which of the following are considered as current assets?A. CashB. Accounts ReceivableC. InventoryD. Land2. The following are examples of liabilities except:A. Accounts PayableB. Long-term DebtC. Common StockD. Retained Earnings3. The following are types of expenses in an income statement except:A. Cost of Goods SoldB. Salaries and WagesC. DividendsD. Depreciation4. Which of the following are considered as equity transactions?A. Issuance of SharesB. Declaration of DividendsC. EarningsD. Payment of Dividends5. The following are true statements about accountingprinciples except:A. The going concern assumptionB. The matching principleC. The cash basis of accountingD. The accrual basis of accounting三、判断题（每题1分，共5题）1. True or False: The accounting cycle includes the processof closing the books at the end of an accounting period.2. True or False: All prepaid expenses are considered current assets.3. True or False: Revenue recognition is based on the cash received.4. True or False: The statement of cash flows is preparedusing the cash basis of accounting.5. True or False: The accounting equation must always balance.四、简答题（每题5分，共2题）1. Explain the difference between revenue and profit.2. Describe the role of the statement of cash flows infinancial reporting.五、计算题（每题10分，共1题）A company has the following transactions during the month:- Cash sales: $10,000- Accounts receivable: $5,000- Accounts payable: $3,000- Inventory purchased on credit: $2,000- Cash paid for expenses: $1,500Calculate the company's cash flow from operating activities for the month.答案：一、单项选择题1. D2. C3. B4. C5. B6. C7. D8. A9. A10. C二、多项选择题1. A, B, C2. C, D3. C4. A, D5. C三、判断题1. True2. True3. False4. False5. True四、简答题1. Revenue is the income generated from the normal business activities of a company over a specific period, before any expenses are deducted. Profit, on the other hand, is the amount of money remaining after all expenses have been deducted from the revenue. It represents the net income or net loss of a company.2. The statement of cash flows is a financial statement that provides information about the cash receipts。

会计专业英语试题及答案

会计专业英语试题及答案一、选择题（每题2分，共20分）1. Which of the following is not an accounting principle?A. Accrual BasisB. Going ConcernC. ConsistencyD. Cash BasisAnswer: D2. The process of summarizing, analyzing, and reporting financial data is known as:A. BudgetingB. AccountingC. AuditingD. TaxationAnswer: B3. What is the term used to describe the systematic and periodic recording of financial transactions?A. BookkeepingB. PayrollC. TaxationD. AuditingAnswer: A4. Which of the following is not a component of the balance sheet?A. AssetsB. LiabilitiesC. EquityD. RevenueAnswer: D5. The matching principle requires that:A. Expenses are recognized when incurredB. Expenses are recognized when paidC. Expenses are recognized in the same period as the revenue they generateD. Expenses are recognized when the cash is received Answer: C6. The accounting equation is:A. Assets = Liabilities + EquityB. Assets - Liabilities = EquityC. Assets + Equity = LiabilitiesD. Assets = Equity - LiabilitiesAnswer: A7. The term "double-entry bookkeeping" refers to the practice of:A. Recording transactions twiceB. Recording transactions in two accountsC. Recording debits and credits for every transactionD. Recording transactions in two different booksAnswer: C8. Which of the following is not a type of intangible asset?A. PatentsB. TrademarksC. GoodwillD. InventoryAnswer: D9. The purpose of an income statement is to show:A. The financial position of a company at a point in timeB. The changes in equity over a period of timeC. The financial performance of a company over a period of timeD. The cash flows of a company over a period of time Answer: C10. The statement of cash flows is used to report:A. How cash is generated and used during a periodB. The net income of a company for a periodC. The changes in equity for a periodD. The changes in assets and liabilities for a period Answer: A二、填空题（每题2分，共20分）1. The accounting cycle includes the following steps:journalizing, posting, __________, adjusting entries, and closing entries.Answer: trial balance2. The __________ principle requires that all business transactions should be recorded at their fair value in the accounting records.Answer: Fair Value3. The __________ is a summary of all the journal entries fora period, listed in date order.Answer: General Journal4. __________ are expenses that have been incurred but not yet paid.Answer: Accrued Expenses5. The __________ is a report that shows the beginning cash balance, cash receipts, cash payments, and the ending cash balance for a period.Answer: Cash Flow Statement6. The __________ ratio is calculated by dividing current assets by current liabilities.Answer: Current Ratio7. __________ are assets that are expected to be converted into cash or used up within one year or one operating cycle. Answer: Current Assets8. __________ is the process of determining the cost of goodssold and the value of ending inventory.Answer: Costing9. __________ is the process of estimating the useful life of an asset and allocating its cost over that period.Answer: Depreciation10. __________ is the process of adjusting the accounts to reflect the proper revenue and expenses for the period. Answer: Accrual Accounting三、简答题（每题10分，共20分）1. Explain the difference between revenue and profit. Answer: Revenue is the income generated from the normal business activities of an entity during a specific period, before deducting expenses. Profit, on the other hand, is the excess of revenues and gains over expenses and losses for a period. It represents the net income or net earnings of a business.2. What are the main components of a balance sheet?Answer: The main components of a balance sheet are assets, liabilities, and equity. Assets represent what a company owns or controls with future economic benefit. Liabilities are obligations or debts that a company owes to others. Equity is the residual interest in the assets of the entity after deducting all its liabilities, representing the ownership interest of the shareholders.四、计算题（每题15分，共30分）1. Calculate the net income for the year if the revenue is$500,000, the cost of goods sold is $300,000, operating expenses are $80,000, and other expenses are $20,000. Answer: Net Income = Revenue - Cost of Goods Sold - Operating。

会计英语基础试题及答案

会计英语基础试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a basic accounting element?a. Assetsb. Liabilitiesc. Equityd. Revenue2. The term "Double Entry Bookkeeping" refers to:a. Recording transactions twiceb. Keeping two sets of booksc. Recording both the debit and credit aspects of a transactiond. Using two different currencies in accounting3. What is the purpose of adjusting entries?a. To correct past errorsb. To update the financial statementsc. To prepare for the closing of the accounting periodd. To calculate the final profit or loss4. The financial statement that shows the financial performance of a company over a period of time is:a. Balance Sheetb. Income Statementc. Cash Flow Statementd. Statement of Changes in Equity5. Which of the following is an example of a current asset?a. Landb. Buildingsc. Inventoryd. Patents6. In accounting, what does the term "Accrual Basis" mean?a. Cash received is recorded as revenueb. Revenue is recognized when it is earnedc. Expenses are recorded when cash is paidd. All of the above7. A company's financial statements are audited to ensure:a. Accuracyb. Compliance with accounting standardsc. Fair presentationd. All of the above8. The accounting equation is:a. Assets = Liabilities + Equityb. Liabilities - Equity = Assetsc. Revenue - Expenses = Net Incomed. Assets - Liabilities = Net Worth9. What is the purpose of depreciation in accounting?a. To increase the value of assetsb. To allocate the cost of a tangible asset over its useful lifec. To sell the asset at a lower priced. To reduce the company's taxable income10. Which of the following is not a type of intangible asset?a. Trademarksb. Copyrightsc. Cash on handd. Goodwill答案：1. d2. c3. c4. b5. c6. b7. d8. a9. b10. c二、填空题（每题1分，共10分）1. The basic accounting equation can be expressed as ________ = Assets.2. The process of adjusting entries is known as the ________ of the accounting period.3. When a company purchases inventory on credit, it is recorded as an ________ asset.4. The ________ is the document that summarizes the financial transactions of a business.5. A ________ is a liability that a company owes to its suppliers for goods or services received on credit.6. The ________ statement shows the changes in equity duringa specific period.7. An ________ is a non-monetary asset that lacks physical substance.8. The ________ method of accounting recognizes revenue when cash is received.9. The term "Bad Debts" refers to ________ that a company has written off as uncollectible.10. The ________ is the difference between the cost and accumulated depreciation of a fixed asset.答案：1. Liabilities + Equity2. Closing3. Current4. Journal5. Accounts Payable6. Statement of Changes in Equity7. Intangible8. Cash Basis9. Uncollectible Accounts10. Book Value三、简答题（每题5分，共30分）1. 简述会计信息质量要求中的“可靠性”。

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。

会计英语参考答案

会计英语参考答案会计英语参考答案会计是一门重要的商科学科，涉及到财务记录、报表分析和财务决策等方面。

在学习会计的过程中，掌握好会计英语是必不可少的。

下面是一些常见的会计英语参考答案。

1. What is accounting?（会计是什么？）Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It provides information about the financial position and performance of a company.2. What are the basic accounting principles?（基本会计原则有哪些？）The basic accounting principles include the accrual principle, the consistency principle, the materiality principle, the prudence principle, the going concern principle, the cost principle, and the matching principle. These principles guide accountants in preparing financial statements and ensuring the accuracy and reliability of financial information.3. What is the difference between financial accounting and managerial accounting?（财务会计和管理会计的区别是什么？）Financial accounting focuses on the preparation of financial statements for external users, such as investors, creditors, and government agencies. It provides information about the financial performance and position of a company. Managerial accounting, on the other hand, is concerned with providing financial information for internal users, such as managers and decision-makers, tosupport planning, controlling, and decision-making processes within the organization.4. What is the double-entry accounting system?（什么是复式记账系统？）The double-entry accounting system is a method of recording financial transactions that requires every transaction to have equal and opposite effects on at least two accounts. It follows the principle that for every debit, there must be a corresponding credit, and vice versa. This system ensures that the accounting equation (assets = liabilities + equity) is always in balance.5. What is the difference between assets and liabilities?（资产和负债的区别是什么？）Assets are resources owned by a company that have economic value and can be used to generate future benefits. They include cash, accounts receivable, inventory, property, and equipment. Liabilities, on the other hand, are obligations or debts owed by a company to external parties, such as loans, accounts payable, and accrued expenses.6. What is the purpose of financial statements?（财务报表的目的是什么？）The purpose of financial statements is to provide information about the financial performance, position, and cash flows of a company. The main financial statements include the income statement, balance sheet, statement of cash flows, and statement of changes in equity. These statements help users, such as investors, creditors, and management, to evaluate the financial health and make informed decisions.7. What is depreciation?（什么是折旧？）Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It represents the decrease in value of an asset due to wear and tear, obsolescence, or other factors. Depreciation expense is recorded on the income statement and reduces the net income of a company.8. What is the difference between gross profit and net profit?（毛利和净利的区别是什么？）Gross profit is the difference between net sales revenue and the cost of goods sold. It represents the profit generated from the core operations of a business before deducting other expenses. Net profit, on the other hand, is the residual profit after deducting all expenses, including operating expenses, interest expenses, and taxes, from gross profit.以上是一些常见的会计英语参考答案。

英语会计试题及答案

英语会计试题及答案1. Multiple-choice QuestionsQuestion 1: What is the basic accounting equation?a) Revenue = Expenses + Liabilitiesb) Assets = Liabilities + Equityc) Assets = Revenue + Equityd) Assets = Expenses + RevenueAnswer: b) Assets = Liabilities + EquityQuestion 2: Which of the following is classified as a current asset?a) Landb) Buildingsc) Accounts Receivabled) MachineryAnswer: c) Accounts ReceivableQuestion 3: What does the term "accrual" mean in accounting?a) Cash received before revenue is recognizedb) Cash paid before expenses are recognizedc) Revenue recognized before cash is receivedd) Expenses recognized before cash is paidAnswer: c) Revenue recognized before cash is received2. Fill in the BlanksQuestion 1: The amount of money that a company owes to its suppliers is recorded as ________.Answer: Accounts PayableQuestion 2: The process of systematically allocating the cost of an asset over its useful life is called ________.Answer: DepreciationQuestion 3: The financial statement that shows a company's revenues and expenses over a period of time is called the ________.Answer: Income Statement3. Calculation QuestionsQuestion 1: Calculate the net profit for a company with revenues of $50,000 and expenses of $30,000.Answer: Net Profit = Revenues - ExpensesNet Profit = $50,000 - $30,000Net Profit = $20,000Question 2: Calculate the total assets for a company with liabilities of $10,000 and equity of $20,000.Answer: Total Assets = Liabilities + EquityTotal Assets = $10,000 + $20,000Total Assets = $30,000Question 3: Calculate the return on investment (ROI) for a company with a net income of $25,000 and total assets of $200,000.Answer: ROI = Net Income / Total AssetsROI = $25,000 / $200,000ROI = 0.125 or 12.5%4. True or FalseQuestion 1: The balance sheet shows a company's financial position at a specific point in time.Answer: TrueQuestion 2: Accrual accounting recognizes revenue and expenses when cash is received or paid.Answer: FalseQuestion 3: Assets are economic resources owned by a company that are expected to provide future benefit.Answer: True5. MatchingMatch each term with its corresponding definition.Term 1: Cash Flow StatementTerm 2: Balance SheetTerm 3: Revenue RecognitionTerm 4: Inventory Turnover RatioDefinition a: A financial statement that shows the movement of cash in and out of a company.Definition b: A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.Definition c: The process of recording revenue when it is earned, regardless of when cash is received.Definition d: A measure of how quickly a company sells and replaces its inventory.Match:Term 1 - aTerm 2 - bTerm 3 - cTerm 4 - dNote: This is just a sample of the questions and answers that could be included in an English accounting exam. The actual content and difficulty level of the questions may vary.。

会计专业英语试题含答案

注意：请将所有答案手写在答题纸上！Ⅰ. Identify true (T) or false (F) statements (12X1′=12′)F . 1. An income statement is a summary of the revenues and expenses of a business as of a specific date.T 2. Accounting is thought to be the “language of business”because business information is communicated to stakeholders.F 3. If a building is appraised for $90,000, offered for sale at $95,000, and the buyer pays $85,000 cash for it, the buyer would record the building at $90,000.F 4. Cash equivalents are short-term highly liquid investment assets that are readily converted to a known cash amount, and have maturities of one year.F 5. For good internal control over cash, all payments should be made from the petty cash, except for very large payments.T 6. The aging method of determining bad debts expense is based on the knowledge that the longer a receivable is past due, the lower the likelihood of collection.F 7. Land improvements are generally charged to the Land account.T 8. Recording depreciation each period is an application of the matching principle.T 9. The cost of an inventory item includes its invoice cost minus any discount, and plus any added or incidental costs necessary to put it in a place and condition for sale.T 10. A consignor who has goods out on consignment with an agent should include the goods in ending inventory even though they are not in the possession of the consignor.F 11. Whether purchase costs are rising or falling, FIFO always will yield the highest gross profit and net income.T 12. If the perpetual inventory system is used and a physical count disclosed a shortage, the cost of merchandise sold should be debited and the merchandise inventory account credited.Ⅱ. Insert “+” for increase and “-”for decrease in the appropriate columns below, based on double-entry bookkeeping rules (6X2′=12′)Ⅲ. Translate the accounting terms from English to Chinese (No. 1-6) and from Chinese to English (No. 7-10) (10X2′=20′)1. General journal （总分类账）2. Accounting elements （会计要素）3. Closing entries（结账分录）4. CICPA（中国注册会计师协会）5. Net realizable value（可变现净值）6. Accrual-basis accounting （应计制会计）7. 非流动负债（non-current liabilities）8. 历史成本（Historical cost）9. 分类账（ledger）10. 经营周期（Operating cycle）Ⅳ. Short answer questions (3X6′=18′)1.What is accounting?Accounting may be described as the process of identifying, measuring, recording,and communicating economic information to permit informed judgments anddecisions by users of that information2.What is depreciation of plant assets? What is the basic purpose of depreciation?Depreciation, as the term is used in accounting, is the allocation of the cost of atangible plant asset to expense in the periods in which services are received from theasset. In short, the basic purpose of depreciation is to achieve the matching principlethat is, to offset the revenue of an accounting period with the costs of the goodsand services being consumed in the effort to generate that revenue.3.Identify the tools of financial statement analysis.The analysis of financial data employs various techniques to emphasize thecomparative and relative significance of the data presented and to evaluate theposition of the firm. Three commonly used tools are as following.Horizontal analysisevaluates a series of financial statement data over a periodof time.Verticalanalysis evaluates financial statement data by expressing each item in afinancial statement as a percent of a base amount.Ratio analysisexpresses the relationship among selected items of financialstatement data.Ⅴ. Problem Solving (38′)1. Analyze the effects of business transactions on the Accounting Equation. (2X5′=10′)Transaction (1): paid a $6,500 premium on July 1 for one year’s insurance in advance.Transaction (2): bought office equipment from Brown Company on account $2,800.2. Prepare journal entries for the two transactions in No. 1 above-mentioned. (2X5′=10′)3. Samuel Co. Ltd issued a $15,000, 6%, 9-month note payable. How much is the interest payment at maturity?(Calculating process is required) (6′)4. Assume the financial position data of Sue Company consist of the following items: (2X6′=12′)Sue CompanyBalance Sheet (Partial)January 31, 2011Required: Calculate its current ratio and acid-test ratio. Calculating steps are needed.。

会计专业英语习题答案.doc

Chapter. 11-1As in many ethics issues, there is no one right answer. The local newspaper reported on this issue in these terms: "The company covered up the first report, and the local newspaper uncovered the company's secret. The company was forced to not locate here (Collier County). It became patently clear that doing the least that is legally allowed is not enough."1-21. B2. B3. E4. F5. B6. F7. X 8. E 9. X 10. B1-3a. $96,500 ($25,000 + $71,500)b. $67,750 ($82,750 – $15,000)c. $19,500 ($37,000 – $17,500)1-4a. $275,000 ($475,000 – $200,000)b. $310,000 ($275,000 + $75,000 – $40,000)c. $233,000 ($275,000 – $15,000 – $27,000)d. $465,000 ($275,000 + $125,000 + $65,000)e. Net income: $45,000 ($425,000 – $105,000 – $275,000) 1-5a. owner's equityb.liabilityc.assetd.assete.owner'sequity f. asset1-6a. Increases assets and increases owner’s equity.b. Increases assets and increases owner’s equity.c. Decreases assets and decreases owner’s equity.d. Increases assets and increases liabilities.e. Increases assets and decreases assets.1-71. increase2. decrease3.increase4. decrease1-8a. (1) Sale of catering services for cash, $25,000.(2) Purchase of land for cash, $10,000.(3) Payment of expenses, $16,000.(4) Purchase of supplies on account, $800.(5) Withdrawal of cash by owner, $2,000.(6) Payment of cash to creditors, $10,600.(7) Recognition of cost of supplies used, $1,400.b. $13,600 ($18,000 – $4,400)c. $5,600 ($64,100 – $58,500)d. $7,600 ($25,000 – $16,000 – $1,400)e. $5,600 ($7,600 – $2,000)1-9It would be incorrect to say that the business had incurred a net loss of $21,750. The excess of the withdrawals over the net income for the period is a decrease in the amount of owner’s equity in the business.1-10Balance sheet items: 1, 3, 4, 8, 9, 101-11Income statement items: 2, 5, 6, 71-12MADRAS COMPANYStatement of Owner’s EquityFor the Month Ended April 30, 2006Leo Perkins, capital, April 1, 2006 ...... $297,200 Net income for the month ................ $73,000Less withdrawals ........................... 12,000Increase in owner’s equity................ 61,000 Leo Perkins, capital, April 30, 2006 .... $358,2001-13HERCULES SERVICESIncome StatementFor the Month Ended November 30, 2006Fees earned ................................ $232,120 Operating expenses:Wages expense .......................... $100,100Rent expense ............................. 35,000Supplies expense ........................ 4,550Miscellaneous expense.................. 3,150Total operating expenses ............. 142,800 Net income .................................. $89,3201-14Balance sheet: b, c, e, f, h, i, j, l, m, n, oIncome statement: a, d, g, k1-151. b–investing activity2.a–operating activity3. c–financing activity4.a–operating activity1-16a. 2003: $10,209 ($30,011 – $19,802)2002: $8,312 ($26,394 – $18,082)b. 2003: 0.52 ($10,209 ÷ $19,802)2002: 0.46 ($8,312 ÷ $18,082)c. The ratio of liabilities to stockholders’ equity increased from2002 to 2003, indicating an increase in risk for creditors.However, the assets of The Home Depot are more than sufficient to satisfy creditor claims.Chapter. 22-1AccountAccount NumberAccounts Payable 21Accounts Receivable 12Cash 11Corey Krum, Capital 31Corey Krum, Drawing 32Fees Earned 41Land 13Miscellaneous Expense 53Supplies Expense 52Wages Expense 512-2Balance Sheet Accounts Income Statement Accounts1. Assets11 Cash12 Accounts Receivable13 Supplies14 Prepaid Insurance15Equipment2. Liabilities21 Accounts Payable22Unearned Rent3. Owner's Equity31 Millard Fillmore, Capital32 Millard Fillmore, Drawing4. Revenue41Fees Earned5. Expenses51 Wages Expense52 Rent Expense53 Supplies Expense59 Miscellaneous Expense2-3a. andb.Account Debited Account Credited Transaction T ype Effect Type Effect(1) asset + owner's equity +(2) asset + asset –(3) asset + asset –liability +(4) expense + asset –(5) asset + revenue +(6) liability –asset –(7) asset + asset –(8) drawing + asset –(9) expense + asset –Ex. 2–4(1) Cash...................................... 40,000Ira Janke, Capital ................... 40,000 (2) Supplies ................................. 1,800Cash................................... 1,800 (3) Equipment ............................... 24,000Accounts Payable ................... 15,000Cash................................... 9,000 (4) Operating Expenses ................... 3,050Cash................................... 3,050 (5) Accounts Receivable .................. 12,000Service Revenue ..................... 12,000 (6) Accounts Payable ...................... 7,500Cash................................... 7,500 (7) Cash...................................... 9,500Accounts Receivable ............... 9,500 (8) Ira Janke, Drawing ..................... 5,000Cash................................... 5,000 (9) Operating Expenses ................... 1,050Supplies .............................. 1,0502-51. debit and credit (c)2. debit and credit (c)3. debit and credit (c)4. credit only (b)5. debit only (a)6. debit only (a)7. debit only (a)2-6a. Liability—credit f. Revenue—creditb. Asset—debit g. Asset—debitc. Asset—debit h. Expense—debitd. Owner's equity i. Asset—debit(Cindy Yost, Capital)—credit j. Expense—debite. Owner's equity(Cindy Yost, Drawing)—debit2-7a. credit g. debitb. credit h. debitc. debit i. debitd. credit j. credite. debit k. debitf. credit l. credit2-8a. Debit (negative) balance of $1,500 ($10,500 – $4,000– $8,000). Such a negative balance means that the liabilities of Seth’s business exceed the a ssets.b. Y es. The balance sheet prepared at December 31will balance, with Seth Fite, Capital, being reported in the owner’s equity section as a negative $1,500.2-9a. T he increase of $28,750 in the cash account doesnot indicate earnings of that amount. Earnings will represent the net change in all assets and liabilities from operating transactions.b. $7,550 ($36,300 – $28,750)2-10a. $40,550 ($7,850 + $41,850 – $9,150)b. $63,000 ($61,000 + $17,500 – $15,500)c. $20,800 ($40,500 – $57,700 + $38,000)2-112005Aug.1 Rent Expense ........................... 1,500Cash................................... 1,5002 Advertising Expense (700)Cash (700)4 Supplies ................................. 1,050Cash................................... 1,0506 Office Equipment ....................... 7,500Accounts Payable ................... 7,5008 Cash...................................... 3,600Accounts Receivable ............... 3,60012 Accounts Payable ...................... 1,150Cash................................... 1,15020 Gayle McCall, Drawing ................ 1,000Cash................................... 1,00025 Miscellaneous Expense (500)Cash (500)30 Utilities Expense (195)Cash (195)31 Accounts Receivable .................. 10,150Fees Earned ......................... 10,15031 Utilities Expense (380)Cash (380)2-12a.JOURNAL Page 43Post.Date Description Ref. Debit Credit 2006Oct.27 Supplies .......................... 15 1,320Accounts Payable ............ 21 1,320Purchased supplies on account.b.,c.,d.Supplies 15Post.BalanceDate Item Ref. Dr. Cr.Dr. Cr.2006Oct. 1 Balance ................ ✓...... ...... 585 ......27 .......................... 43 1,320 ...... 1,905 ...... Accounts Payable 21 2006Oct. 1 Balance ................ ✓...... ...... ..... 6,15027 .......................... 43 ...... 1,320 ..... 7,4702-13Inequality of trial balance totals would be caused by errors described in (b) and (d).2-14ESCALADE CO.Trial BalanceDecember 31, 2006Cash ........................................... 13,375 Accounts Receivable .......................... 24,600Prepaid Insurance .............................. 8,000 Equipment ...................................... 75,000 Accounts Payable .............................. 11,180 Unearned Rent ................................. 4,250 Erin Capelli, Capital ........................... 82,420 Erin Capelli, Drawing .......................... 10,000Service Revenue ................................ 83,750 Wages Expense ................................ 42,000 Advertising Expense ........................... 7,200 Miscellaneous Expense ....................... 1,425 181,600 181,6002-15a. Gerald Owen, Drawing ................ 15,000Wages Expense ..................... 15,000b. Prepaid Rent ............................ 4,500Cash................................... 4,5002-16题目的资料不全, 答案略.2-17a. KMART CORPORATIONIncome StatementFor the Years Ending January 31, 2000 and 1999(in millions)Increase (Decrease)2000 1999 Amount Percent1. Sales .......................... $37,028 $35,925 .......................... $ 1,1033.1%2. Cost of sales ................ (29,658)(28,111) ......................... 1,5475.5%3. Selling, general, and admin.expenses ..................... (7,415) (6,514) 901 13.8%4. Operating income (loss)before taxes ................. $ (45) $1,300$(1,345)(103.5%)b. The horizontal analysis of Kmart Corporation revealsdeteriorating operating results from 1999 to 2000.While sales increased by $1,103 million, a 3.1%increase, cost of sales increased by $1,547 million, a5.5% increase. Selling, general, and administrativeexpenses also increased by $901 million, a 13.8%increase. The end result was that operating incomedecreased by $1,345 million, over a 100% decrease,and created a $45 million loss in 2000. Little over ayear later, Kmart filed for bankruptcy protection. It hasnow emerged from bankruptcy, hoping to return toprofitability.3-11. Accrued expense (accrued liability)2. Deferred expense (prepaid expense)3. Deferred revenue (unearned revenue)4. Accrued revenue (accrued asset)5. Accrued expense (accrued liability)6. Accrued expense (accrued liability)7. Deferred expense (prepaid expense)8. Deferred revenue (unearned revenue)3-2Supplies Expense (801)Supplies (801)3-3$1,067 ($118 + $949)3-4a. Insurance expense (or expenses) will be understated.Net income will be overstated.b. Prepaid insurance (or assets) will be overstated.Owner’s equity will be ove rstated.3-5a.Insurance Expense ............................ 1,215Prepaid Insurance ...................... 1,215 b.Insurance Expense ............................ 1,215Prepaid Insurance ...................... 1,2153-6Unearned Fees ................................... 9,570Fees Earned ............................ 9,5703-7a.Salary Expense ................................ 9,360Salaries Payable ........................ 9,360 b.Salary Expense ................................ 12,480Salaries Payable ........................ 12,480 3-8$59,850 ($63,000 – $3,150)3-9$195,816,000 ($128,776,000 + $67,040,000)3-10Error (a) Error (b)Over- Under- Over-Under-stated stated stated stated1. Revenue for the year would be $ 0 $6,900 $ 0 $ 02. Expenses for the year would be 0 0 0 3,7403. Net income for the year would be 0 6,900 3,740 04. Assets at December 31 would be 0 0 0 05. Liabilities at December 31 would be 6,900 0 0 3,7406. Owner’s equity at December 31would be ......................... 0 6,900 3,740 03-11$175,840 ($172,680 + $6,900 – $3,740)3-12a.Accounts Receivable .......................... 11,500Fees Earned ............................ 11,500b. No. If the cash basis of accounting is used, revenuesare recognized only when the cash is received.Therefore, earned but unbilled revenues would not berecognized in the accounts, and no adjusting entrywould be necessary.3-13a. Fees earned (or revenues) will be understated. Netincome will be understated.b. Accounts (fees) receivable (or assets) will beunderstated. Owner’s equity will be unde rstated.3-14Depreciation Expense ........................... 5,200Accumulated Depreciation ............ 5,200 3-15a. $204,600 ($318,500 – $113,900)b. No. Depreciation is an allocation of the cost of theequipment to the periods benefiting from its use. Itdoes not necessarily relate to value or loss of value.3-16a. $2,268,000,000 ($5,891,000,000 – $3,623,000,000)b. No. Depreciation is an allocation method, not avaluation method. That is, depreciation allocates thecost of a fixed asset over its useful life. Depreciationdoes not attempt to measure market values, whichmay vary significantly from year to year.3-17a.Depreciation Expense ......................... 7,500Accumulated Depreciation ............ 7,500 b. (1) D epreciation expense would be understated. Netincome would be overstated.(2) A ccumulated depreciation would be understated,and total assets would be overstated. Owner’sequity would be overstated.3-181.Accounts Receivable (4)Fees Earned (4)2.Supplies Expense (3)Supplies (3)3.Insurance Expense (8)Prepaid Insurance (8)4.Depreciation Expense (5)Accumulated Depreciation—Equipment 5 5.Wages Expense (1)Wages Payable (1)3-19a. Dell Computer CorporationAmount Percent Net sales $35,404,000 100.0Cost of goods sold (29,055,000) 82.1Operating expenses (3,505,000) 9.9Operating income (loss) $2,844,000 8.0b. Gateway Inc.Amount Percent Net sales $4,171,325 100.0Cost of goods sold (3,605,120) 86.4Operating expenses (1,077,447) 25.8Operating income (loss) $(511,242)(12.2)c. Dell is more profitable than Gateway. Specifically,Dell’s cost of goods sold of 82.1% is significantly less(4.3%) than Gateway’s cost of goods sold of 86.4%.In addition, Gateway’s operating expenses are over one-fourth of sales, while Dell’s operating expenses are 9.9% of sales. The result is that Dell generates an operating income of 8.0% of sales, while Gateway generates a loss of 12.2% of sales. Obviously, Gateway must improve its operations if it is to remain in business and remain competitive with Dell.4-1e, c, g, b, f, a, d4-2a. Income statement: 3, 8, 9b. Balance sheet: 1, 2, 4, 5, 6, 7, 104-3a. Asset: 1, 4, 5, 6, 10b. Liability: 9, 12c. Revenue: 2, 7d. Expense: 3, 8, 114-41. f2. c3. b4. h5. g6. j7. a8. i9. d10. e4–5ITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006AdjustedTrial Balance Adjustments TrialBalanceAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1 Cash 8 8 12 Accounts Receivable50 (a) 7 57 23 Supplies 8 (b) 5 3 34 Prepaid Insurance 12 (c) 6 6 45 Land 50 50 56 Equipment 32 32 67 Accum. Depr.—Equip. 2 (d) 5 7 78 Accounts Payable 26 26 89 Wages Payable 0 (e) 1 1 910 Terry Dagley, Capital 112 112 1011 Terry Dagley, Drawing8 8 1112 Fees Earned 60 (a) 7 67 1213 Wages Expense 16 (e) 1 17 1314 Rent Expense 8 8 1415 Insurance Expense 0 (c) 6 6 1516 Utilities Expense 6 6 1617 Depreciation Expense0 (d) 5 5 1718 Supplies Expense 0 (b) 5 5 1819 Miscellaneous Expense 2 2 120 Totals 200 200 24 24 213 2 ContinueITHACA SERVICES CO.Work SheetFor the Year Ended January 31, 2006Adjusted Income BalanceTrial Balance StatementSheetAccount Title Dr. Cr. Dr. Cr. Dr. Cr.1 Cash 8 8 12 Accounts Receivable57 57 23 Supplies 3 3 34 Prepaid Insurance 6 6 45 Land 50 50 56 Equipment 32 32 67 Accum. Depr.—Equip. 7 7 78 Accounts Payable 26 26 89 Wages Payable 1 1 910 Terry Dagley, Capital 112 112 1011 Terry Dagley, Drawing8 8 1112 Fees Earned 67 67 1213 Wages Expense 17 17 1314 Rent Expense 8 8 1415 Insurance Expense 6 6 1516 Utilities Expense 6 6 1617 Depreciation Expense5 5 1718 Supplies Expense 5 5 1819 Miscellaneous Expense 2 2 120 Totals 213 213 49 67 164 146 2021 Net income (loss) 18 18 2122 67 67 164 164 224-6ITHACA SERVICES CO.Income StatementFor the Year Ended January 31, 2006Fees earned .................................... $67Expenses:Wages expense ............................ $17Rent expense (8)Insurance expense (6)Utilities expense (6)Depreciation expense (5)Supplies expense (5)Miscellaneous expense (2)Total expenses ...........................49Net income ...................................... $18ITHACA SERVICES CO.Statement of Owner’s EquityFor the Year Ended January 31, 2006 Terry Dagley, capital, February 1, 2005 .... $112 Net income for the year ....................... $18 Less withdrawals . (8)Increase in owner’s equity....................10Terry Dagley, capital, January 31, 2006 ... $122ITHACA SERVICES CO.Balance SheetJanuary 31, 2006Assets LiabilitiesCurrent assets: Current liabilities:Cash ............... $ 8 Accounts payable $26 Accounts receivable 57 .. Wages payable 1 Supplies ........... 3 Total liabilities . $ 27 Prepaid insurance 6Total current assets $ 74Property, plant, and Owner’s E quityequipment: Terry Dagley, capital (12)Land ............... $50Equipment ........ $32Less accum. depr. 7 25Total property, plant,and equipment 75 Total liabilities andTotal assets ......... $149 owner’s equity .. $1494-72006Jan.31 Accounts Receivable (7)Fees Earned (7)31 Supplies Expense (5)Supplies (5)31 Insurance Expense (6)Prepaid Insurance (6)31 Depreciation Expense (5)Accumulated Depreciation—Equipment 531 Wages Expense (1)Wages Payable (1)4-82006Jan.31 Fees Earned (67)Income Summary (67)31 Income Summary (49)Wages Expense (17)Rent Expense (8)Insurance Expense (6)Utilities Expense (6)Depreciation Expense (5)Supplies Expense (5)Miscellaneous Expense (2)31 Income Summary (18)Terry Dagley, Capital (18)31 Terry Dagley, Capital (8)Terry Dagley, Drawing (8)4-9SIROCCO SERVICES CO.Income StatementFor the Year Ended March 31, 2006Service revenue ................................$103,850Operating expenses:Wages expense ............................ $56,800Rent expense ............................... 21,270Utilities expense ............................ 11,500Depreciation expense ..................... 8,000Insurance expense ......................... 4,100Supplies expense .......................... 3,100Miscellaneous expense .................... 2,250Total operating expenses ....... 107,020Net loss ..........................................$ (3,170)4-10SYNTHESIS SYSTEMS CO.Statement of Owner’s EquityFor the Year Ended October 31, 2006 Suzanne Jacob, capital, November 1, 2005$173,750Net income for year ........................... $44,250 Less withdrawals ............................... 12,000 Increase in owner’s equity....................32,250Suzanne Jacob, capital, October 31, 2006 $206,0004-11a. Current asset: 1, 3, 5, 6b. Property, plant, and equipment: 2, 44-12Since current liabilities are usually due within one year, $165,000 ($13,750 × 12 months) would be reported as a current liability on the balance sheet. The remainder of $335,000 ($500,000 – $165,000) would be reported as a long-term liability on the balance sheet.4-13TUDOR CO.Balance SheetApril 30, 2006AssetsLiabilitiesCurrent assetsCurrent liabilities:Cash $31,500Accounts payable ........... $9,500Accounts receivable 21,850 Salaries payable1,750Supplies ............ 1,800 Unearned fees ............... Prepaid insurance 7,200 Total liabilitiesPrepaid rent ....... 4,800Total current assets $67,150 Owner’s E Property, plant, and equipment: Vernon Posey,capital 114,200Equipment ....... $80,600Less accumulated depreciation 21,100 59,500Total liabilities andTotal assets $126,650 own er’s equity ...............4-14Accounts Receivable ............................ 4,100Fees Earned ......................... 4,100 Supplies Expense ...................... 1,300Supplies .............................. 1,300 Insurance Expense ..................... 2,000Prepaid Insurance ................... 2,000 Depreciation Expense ................. 2,800Accumulated Depreciation—Equipment 2,800 Wages Expense ........................ 1,000Wages Payable ...................... 1,000 Unearned Rent .......................... 2,500Rent Revenue ........................ 2,5004-15c. Depreciation Expense—Equipmentg. Fees Earnedi. Salaries Expensel. Supplies Expense4-16The income summary account is used to close the revenue and expense accounts, and it aids in detectingand correcting errors. The $450,750 represents expense account balances, and the $712,500 represents revenue account balances that have been closed.4-17a.Income Summary ............................. 167,550Sue Alewine, Capital ................... 167,550 Sue Alewine, Capital ............................ 25,000Sue Alewine, Drawing ................. 25,000b. $284,900 ($142,350 + $167,550 – $25,000)4-18a. Accounts Receivableb. Accumulated Depreciationc. Cashe. Equipmentf. Estella Hall, Capitali. Suppliesk. Wages Payable4-19a. 2002 2001Working capital ($143,034)($159,453)Current ratio 0.81 0.80b. 7 Eleven has negative working capital as of December31, 2002 and 2001. In addition, the current ratio is below one at the end of both years. While the working capital and current ratios have improved from 2001 to 2002, creditors would likely be concerned about the ability of 7 Eleven to meet its short-term credit obligations. This concern would warrant further investigation to determine whether this is a temporary issue (for example, an end-of-the-periodphenomenon) and the company’s plans to address itsworking capital shortcomings.4-20a. (1) Sales Salaries Expense ................ 6,480Salaries Payable ........................ 6,480(2) Accounts Receivable ................... 10,250Fees Earned ............................. 10,250b. (1) Salaries Payable ........................ 6,480Sales Salaries Expense ................ 6,480(2) Fees Earned ............................. 10,250Accounts Receivable ................... 10,2504-21a. (1) Payment (last payday in year)(2) Adjusting (accrual of wages at end of year)(3) Closing(4) Reversing(5) Payment (first payday in following year)b. (1) W ages Expense ........................ 45,000Cash ...................................... 45,000(2) Wages Expense ......................... 18,000Wages Payable .......................... 18,000(3) Income Summary .......................1,120,800Wages Expense ......................... 1,120,800(4) Wages Payable .......................... 18,000Wages Expense ......................... 18,000(5) Wages Expense ......................... 43,000Cash ...................................... 43,000 Chapter6（找不到答案，自己处理了哦）Ex. 8–1a. Inappropriate. Since Fridley has a large number ofcredit sales supported by promissory notes, a notesreceivable ledger should be maintained. Failure tomaintain a subsidiary ledger when there are asignificant number of notes receivable transactionsviolates the internal control procedure that mandatesproofs and security. Maintaining a notes receivable ledger will allow Fridley to operate more efficiently and will increase the chance that Fridley will detect accounting errors related to the notes receivable. (The total of the accounts in the notes receivable ledger must match the balance of notes receivable in the general ledger.)b. Inappropriate. The procedure of proper separation ofduties is violated. The accounts receivable clerk is responsible for too many related operations. The clerk also has both custody of assets (cash receipts) and accounting responsibilities for those assets.c. Appropriate. The functions of maintaining theaccounts receivable account in the general ledger should be performed by someone other than the accounts receivable clerk.d. Appropriate. Salespersons should not be responsiblefor approving credit.e. Appropriate. A promissory note is a formal creditinstrument that is frequently used for credit periods over 45 days.Ex. 8–2-aa.Customer Due Date Number of DaysPast DueJanzen Industries August 29 93 days (2 + 30+ 31 + 30)Kuehn Company September 3 88 days (27 + 31+ 30)Mauer Inc. October 21 40 days (10 +30)Pollack Company November 23 7 daysSimrill Company December 3 Not past dueEx. 8–3Nov.30 Uncollectible Accounts Expense ..... 53,315*Allowances for Doubtful Accounts 53, *$60,495 – $7,180 = $53,315Ex. 8–4Estimated Uncollectible AccountsAge Interval Balance Percent AmountNot past due .............. $450,000 2% $9,0001–30 days past due...... 110,000 4 4,40031–60 days past due .... 51,000 6 3,06061–90 days past due .... 12,500 20 2,50091–180 days past due .. 7,500 60 4,500Over 180 days past due 5,500 80 4,400 Total .................... $636,500 $27,860Ex. 8–52006Dec. 31 Uncollectible Accounts Expense ..... 29,435*.A llowance for Doubtful Accounts 29,435 *$27,860 + $1,575 = $29,435Ex. 8–6a. $17,875 c. $35,750b. $13,600 d. $41,450Ex. 8–7a.Allowance for Doubtful Accounts ........... 7,130Accounts Receivable .................. 7,130b.Uncollectible Accounts Expense ............ 7,130Accounts Receivable .................. 7,130Ex. 8–8Feb.20 Accounts Receivable—Darlene Brogan 12,100 Sales .................................. 12,10020 Cost of Merchandise Sold ............ 7,260Merchandise Inventory .............. 7,260May30 Cash...................................... 6,000Accounts Receivable—Darlene Brogan 6,030 Allowance for Doubtful Accounts .... 6,100Accounts Receivable—Darlene Brogan 6,1Aug. 3Accounts Receivable—Darlene Brogan 6,100 Allowance for Doubtful Accounts . 6,1003 Cash...................................... 6,100Accounts Receivable—Darlene Brogan 6,1$223,900 [$212,800 + $112,350 –($4,050,000 × 21/2%)]Ex. 8–10Due Date Interesta. Aug. 31 $120b. Dec. 28 480c. Nov. 30 250d. May 5 150e. July 19 100Ex. 8–11a. August 8b. $24,480c. (1) N otes Receivable .......................... 24,000Accounts Rec.—Magpie Interior Decorators 24,(2) C ash......................................... 24,480Notes Receivable ....................... 24,000Interest Revenue (480)1. Sale on account.2. Cost of merchandise sold for the sale on account.3. A sales return or allowance.4. Cost of merchandise returned.5. Note received from customer on account.6. Note dishonored and charged maturity value of note tocustomer’s account recei vable.7. Payment received from customer for dishonored noteplus interest earned after due date.Ex. 8–132005Dec.13 Notes Receivable ....................... 25,000Accounts Receivable—Visage Co. 25,31 Interest Receivable ..................... 75*Interest Revenue (75)31 Interest Revenue (75)Income Summary (75)2006。

会计英语(第4版)教学大纲和期末复习题目

Syllabus and review for final examIntroduction:This is an introductory course in financial accounting intended for students with no previous exposure to financial accounting. It aims at providing the necessary tools for students to read, understand, analyze and extract information from financial statements. The course adopts a user approach of accounting by emphasizing the relation between accounting data and the underlying economic events that generated them, and how this knowledge is helpful in decision-making.The course focuses initially on how to record economic events in the accounting records and how to prepare and interpret the primary financial statements (i.e., the balance sheet,the income statement, and the statement of cash flows).Main Course Objective:Provide tools to read, understand, and analyze financial statements.Question 1 costing method for inventory Stylish Jeans Company markets blue jeans and uses a perpetual inventory system to account for its merchandise. The beginning balance of the inventory and transactions during the year were as follows:January 1: Balance: 350 units at €52 eachMarch 12: Purchased 175 units at €61 each.May 21: Sold 260 units for a selling price of €112 each.July 8: Purchased 300 units at €73.October 31: Sold 320 units for a selling price of €112 each.Required1. Calculate cost of goods available for sale and units available for sale for the year.2. Calculate units remaining in ending inventory.3. Calculate the currency value of cost of goods sold and ending inventory usinga) FIFOb) Weighted averageRound to two decimal places.1.Beg. 350 units @ €52= €18,200Mar. 12 175 units @ 61 = 10,675July 8 300 units @ 73 = 21,900UnitsAvailable 825 units €50,775Cost of goods available for sale2. Units in ending inventory:Units available 825Less: Units sold 580Ending Inventory 2453.(b) Weighted-average perpetualQuestion 2 accounting for bad debtsBeleVu Supplies showed the following selected adjusted balances at itsDecember 31, 2011 year end:During the year 2012, the following selected transactions occurred:1. Sales totalled €2,960,000, of which 25% were cash sales (cost of sales€1,804,000).2. Sales returns were €114,000, half regarding credit sales. The returnedmerchandise was scrapped.3. An account for €24,000 was recovered.4. Several accounts were written off; €39,000.5. Collections from credit customers totalled €1,880,000 (excluding the recovery in(3) above).Requireda. Prepare the December 31, 2012 adjusting entry to estimate bad debts, assuming that uncollectible accounts are estimated to be 1% of net credit sales.b. Show how accounts receivable will appear on the December 31, 2012 statement offinancial position.c. What will bad debts expense be on the statement of comprehensive income for theyear ended December 31, 2012?d. Prepare the December 31, 2012 adjusting entry to estimate bad debts, assumingthat uncollectible accounts are estimated to be 3% of outstanding receivables.e. Show how accounts receivable will appear on the December 31, 2012 statement offinancial position.f. What will bad debt expense be on the statement of comprehensive income for theyear ended December 31, 2012?a. Dec. 31 Bad Debt Expense 21,630 Allowance for Doubtful Accounts 21,630 2,220,000 – 57,000 = 2,163,000 2,163,000 × 1% = 21,630b. Current assets: Accounts receivable € 742,000 Less: Allowance for doubtful accounts (23,310) € 718,690 ORCurrent assets: Accounts receivable (net of €23,310 estimated uncollectible accounts) € 718,690c.d. Dec.31 Bad Debt Expense ................................................... 20,580 Allowance for Doubtful Accounts .................... 20,580 742,000 × 3% = 22,260 – 1,680 = 20,580Calculations:× 3%€22,260e.Current assets:Accounts receivable €742,000Less: Allowance for doubtful accounts (22,260) €719,740 ORCurrent assets:Accounts receivable (net of €22,260estimated uncollectible accounts) €719,740f. €20,580Question 3 accounting for trading investmentExtel Company’s fair value through profit or loss investments as of December 31, 2011 are as follows:Cost MarketKlondike ordinary shares €11,250 €14,875Kaffner ordinary shares 56,070 55,950IDEA ordinary shares 12,400 10,800Western ordinary shares 35,400 30,220RequiredPart 1Prepare the journal entries to record the adjustments to fair value for the fair value through profit or loss investments as per the requirements of IAS 39.Part 2Illustrate how the fair value through profit or loss investments will be reported on the statement of financial position on December 31, 2011.Illustrate what effect your adjustments would have on the Statement of Comprehensive Income for the year ended December 31, 2011.Part 1Cost Market Difference Klondike ordinary shares €11,250€14,875€3,625Kaffner ordinary shares 56,070 55,950 (120)IDEA ordinary shares 12,400 10,800 (1,600) Western ordinary shares 35,400 30,220 (5,180)2011Dec. 31 FVPL investments — Klondike shares 3,625Unrealized gain on FVPL investments 3,625€14,875 –€11,250 = €3,62531 Unrealized loss on FVPL investments (120)FVPL investments — Kaffner shares (120)€55,950 –€56,070 = (€120)31 Unrealized loss on FVPL investments ...................................... 1,600FVPL investments — IDEA shares .................................... 1,600 €10,800 –€12,400 = (€1,600)31 Unrealized loss on FVPL investments ...................................... 5,180FVPL investments — Western shares ................................ 5,180 €30,220 –€35,400 = (€5,180)Part 2Statement of Financial Position:Current assets:Fair value through profit or loss investments .................................... €111,845 Total fair or market values = €14,875 + €55,950 + €10,800 + €30,220Statement of Comprehensive Income:Other Income and Expenses:Unrealized loss on fair value through profit or loss investments....... €3,275Net unrealized loss = €3,625 –€120 –€1,600 –€5,180 = (€3,275)Question 4 accounting for fixed assetsShield Corporation purchased a used machine for €282,000 on January 7, 2007. It was repaired the next day at a cost of €12,500 and installed on a new platform that cost €2,000. The company predicted that the machine would be used for six years and would then have a €16,200 residual value. Depreciation was to be charged on a straight-line basis. A full year’s depreciation was charged on December 31, 2007. On June 25, 2012 it was retired.Required1. Prepare journal entries to record the purchase of the machine, the cost of repairingit, and the installation. Assume that cash was paid.2. Prepare entries to record depreciation on the machine on December 31 of its firstyear and on September 30 in the year of its disposal. (Round calculations to the nearest whole dollar.)3. Prepare entries to record the retirement of the machine under each of thefollowing unrelated assumptions:a) It was sold for €42,000;b) It was sold for €32,000; andc) It was stolen and the insurance company paid €37,500 in ful l settlement of theloss claim.4. Explain the purpose of recording depreciation. If depreciation is not recorded, whatis the effect on the statement of comprehensive income and statement of financial position?Part 12007Jan. 7 Machine ........................................................ 282,000Cash .................................................... 282,000 To record purchase of machine.8 Machine ........................................................ 12,500Cash .................................................... 12,500 To record capital repairs on machine.8 Machine ........................................................ 2,000Cash .................................................... 2,000 To record installation of machine.Part 2Dec. 31 Depreciation Expense, Machine .................. 46,717Accumulated Depreciation, Machine ........................................................46,717To record depreciation;(296,500 – 16,200)/6 = 46,717. 2012June. 25 Depreciation Expense, Machine .................. 23,359Accumulated Depreciation, Machine ........................................................23,359To record partial year’s depreciation; 46,717 × 6/12 = 23,359.Part 3(a)25 Accumulated Depreciation, Machine 1 ......... 256,944 Cash .............................................................. 42,000Gain on Disposal 2............................... 2,444 Machine .............................................. 296,500Sold machine for €42,000.Part 3(b)25 Accumulated Depreciation, Machine ........... 256,944 Cash .............................................................. 32,000 Loss on Disposal 3 ......................................... 7,556Machine .............................................. 296,500Sold machine for €32,000.Part 3(c)25 Accumulated Depreciation, Machine256,944 Cash37,500 Loss on Disposal4 2,056Machine296,500 Received insurance settlement.Dep. for 2007, 2008, 2009, 2010, and 2011.Dep. for 2012.1 Accumulated depreciation = (46,717 × 5 years) + 23,359 = 256,9442Gain (Loss) = Cash Proceeds – Book Value= 42,000 – (296,500 – 256,944) = 2,4443 Gain (Loss) = Cash Proceeds – Book Value= 32,000 – (296,500 – 256,944) = (7,556)4 Gain (Loss) = Cash Proceeds – Book Value= 3,7500 – (296,500 – 256,944) = (2,056)Part 4Depreciation is the process of allocating the cost of property, plant, and equipment in a rational and systematic manner over the assets’ useful life. It is required by the expense recognition principle. If depreciation is not recorded, net income will be overstated on the statement of comprehensive income. On the statement of financial position, assets and equity will be overstated.Question 5 accounting for bonds payableApplet Inc. issued bonds on January 1, 2011, that pay interest semi-annually on June30 and December 31. The par value of the bonds is €80,000, the annual contract rateis 8%, and the bonds mature in 10 years.RequiredFor each of these three situations, (a) determine the issue price of the bonds, and (b) show the journal entry that would record the issuance, assuming the market interestrate at the date of issuance was1. 6%2. 8%3. 10%Part 1a.Par value 0.5537 €80,000€44,296Interest (annuity) 14.8775 3,200 47,608Total €91,904Premium € 11,904* The table values are based on a discount rate of 3% (half the annual market rate)and 20 periods/payments.b.2011Jan. 1 Cash......................................................................... 91,904Premium on Bonds Payable .............................. 11,904Bonds Payable ................................................... 80,000 Sold bonds on original issue date.Part 2a.Par value 0.4564 €80,000 €36,512 Interest (annuity) 13.5903 3,200 43,488 Total €80,000* The table values are based on a discount rate of 4% (half the annual market rate)and 20 periods/payments.b.2011Jan. 1 Cash......................................................................... 80,000Bonds Payable ................................................... 80,000 Sold bonds on original issue date.Part 3a.Par value 0.3769 €80,000€30,152Interest (annuity) 12.4622 3,200 39,879Total €70,031Discount €9,969* The table values are based on a discount rate of 5% (half the annual market rate)and 20 periods/payments.b.2011Jan. 1 Cash ......................................................................... 70,031Discount on Bonds Payable .................................. 9,969Bonds Payable ................................................... 80,000 Sold bonds on original issue date.Entry for period 6 interestDR interest expense 3585CR cash 3200CR discount 385Question 6 accounting for shareholders equityMajestic Inc. was authorized to issue 250,000 €1.00 noncumulative preference shares and an unlimited number of ordinary shares. During Majestic’s first month of operations, May 2011, the following selected transactions occurred:May 1 10,000 preference shares were issued at €15.00 for cash.May 5 9,000 of the ordinary shares were issued for a total of €9,000 cash.May 6 14,000 ordinary shares were issued in exchange for land valued at €30,000.The shares were actively trading on this date at €2.00 per share.May 26 The corpora tion’s promoters were given 14,000 ordinary shares for their services in organizing the corporation. The directors valued the services at€70,000.May 31 The Board of Directors declared and paid a total dividend of €12,000.May 31 The €120,000 credit balan ce in the Income Summary account was closed. May 31 The cash dividends declared were closed to retained earnings.Required1.Prepare the journal entries to record the above transactions.2.Prepare the shareholders’ equity section of the company’s statemen t offinancial position as of May 31, 2011.Part 2Majestic Inc.Partial Statement of Financial PositionMay 31, 2011Shareholders’ EquityContributed capital:Preferred shares, €1.00, non-cumulativeAuthorized: 250,000Issued and outstanding: 10,000 € 150,000 Ordinary sharesAuthorized: unlimitedIssued and outstanding: 37,000 107,000 Total contributed capital ............................ €257,000 Retained earnings ............................................... 108,000 Total shareholders’ equity .......................................... €365,000Question 7 the statement of cash flowHolliday Corp.’s statement of financial position and statement ofcomprehensive income are as follows:HOLLIDAY CORP.Comparative Statement of Financial Position InformationDecember 31Assets 2012 2011Cash ............................................................................ €150,850 €214,550 Accounts receivable ..................................................... 182,000 138,950 Merchandise inventory ................................................. 766,500 707,000 Prepaid expenses ........................................................ 15,050 17,500 Equipment .................................................................. 446,600 308,000 Accumulated depreciation ........................................ (96,950) (123,200) Total assets ................................................................. €1,464,050 €1,262,800Liabilities and Shareholder s’ EquityAccounts payable ......................................................... €246,750 €326,550 Short-term notes payable ............................................. 28,000 17,500 Long-term notes payable ............................................. 262,500 150,500 Ordinary shares ........................................................... 563,500 437,500 Retained earnings ........................................................ 363,300 330,750 Total liabilities and shareholders’ equity ...................... €1,464,050 €1,262,800HOLLIDAY CORP.Statement of Comprehensive Incomefor year ended December 31, 2012Sales ............................................................................ €1,389,500 Cost of goods sold ....................................................... 700,000 Gross profit .................................................................. €689,500 Operating expenses:Depreciation expense ............................................. €52,500Other expenses ...................................................... 382,200Total operating expenses ....................................... 434,700 Income from operations ............................................... €254,800 Loss on sale of equipment ........................................... 14,350 Income taxes ............................................................... 33,950Net income ................................................................... €206,500 Other information regarding Holliday Corp.:a. All sales are credit sales.b. All credits to accounts receivable in the period are receipts from customers.c. Purchases of merchandise are on credit.d. All debits to accounts payable in the period result from payments formerchandise.e. The other operating expenses are cash expenses.f. The only decrease in income taxes payable is for payment of taxes.g. The other expenses are paid in advance and are initially debited to Prepaidexpenses.Additional information regarding Holliday Corp.’s activities during 2012:h. Loss on sale of equipment is €14,350.i. Equipment costing €131,250,with accumulated depreciation of €78,750, issold for cash.j. Equipment costing €269,850is purchased by paying cash of €70,000 and signing a long-term note payable for the balance.k. Borrowed €10,500 by signing a short-term note payable.l. Paid €87,850 to reduce a long-term note payable.m. Issued 7,000 ordinary shares for cash at €18 per share.n. Declared and paid cash dividends of €173,950.HOLLIDAY CORP.Statement of Cash FlowsNote A:The company purchased equipment for €269,850 by signing a €199,850 long-term note payable and paying €70,000 in cash.Note 2 retained earnings330,750+ profit 206,500 - 173,950(n) = 363,300Name______________ Student Number___________________HOLLIDAY CORP.Statement of Cash Flows。

英语会计试题及答案

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会计英语试题及答案会计专业英语是会计专业人员职业发展的必要工具。

学习会计专业英语就是学习如何借助英语解决与完成会计实务中涉外的专业性问题和任务。

以下为你收集了会计英语练习题及答案，希望给你带来一些参考的作用。

一、单选题1. Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2）In order to achieve comparability it may sometimes be necessary to override the prudence concept.3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4） To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 2. Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from creditcustomers. What is the balance on the accounts receivables at 31 Dec 2010? A. $8 500 Dr B. $8 500 Cr C. $14 000 Dr D. $14 000 Cr3. Should dividends paid appear on the face of a company’s cash flow statement?A. YesB. NoC. Not sureD. Either4. Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping?A. Weighted Average costB. First in first out (FIFO)C. Last in first out (LIFO)D. Unit cost 5. Which of following items may appear as non-current assets in a company’s the statement of financial position?(1) plant, equipment, and property (2) company car(3) 4000 cash (4) 1000 cheque A. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Which of the following items may appear as current liabilities in a company’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year. (3) income tax accrued untill year end. (4) Preference dividend accrued A (1), (2) and (3) B (1), (2) and (4) C (1), (3) and (4) D (2), (3) and (4)7. The trial balance totals of Gamma at 30 September 2010 are:Debit $992,640 Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the motor expenses account $27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance. A 1 and 2 B 2 and 3 C 2 and 4 D 3 and 48. Listed below are some characteristics of financial information. (1) True (2) Prudence (3)Completeness (4) CorrectWhich of these characteristics contribute to reliability? A (1), (3) and (4) only B (1), (2) and (4) only C (1), (2) and (3) only D (2), (3) and (4) only (window.cproArray = window.cproArray || []).push({ id: "u3054369" });9. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fixed asset(2) substance over form means that the commercial effect of a transaction must always be shown in the financial statements even if this differs from legal form(3) in order to achieve the comparable, items should be treated in the same way year on year A. 2 and 3 only B. All of them C. 1 and 2 only D. 3 only10. which of the following about accruals concept are correct? (1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant with it’s paid or notA. 2 and 3 onlyB. All of themC. 1 and2 only D.3 only二、翻译题1、将下列分录翻译成英文1. 借：固定资产清理 30 000累计折旧10 000 贷：固定资产 40 000 2．借：应付票据40 000 贷：银行存款 40 000 2、将下列词组按要求翻译（中翻英，英翻中） (1) 零用资金 (2) 本票 (3) 试算平衡(4) 不动产、厂房和设备 (5) Notes and coins (6) money order (7) general ledger (8) direct debt (9) 报销(10) revenue and gains三、业务题Johnny set up a business and in the first a few days of trading the following transactions occurred (ignoreall the tax):1) He invests $80 000 of his money in his business bank account.2) He then buys goods from Isabel, a supplier for $4 000 and pays by cheque, the goods is delivered right after the payment3) A sale is made for $3 000 –the customer pays by cheque4) Johnny makes another sale for $2 000 and the customer promises to pay in the future 5) He then buys goods from another supplier, Kamen, for $2 000 on credit, goods is delivered on time6) He pays a telephone bill of $800 by cheque7) The credit customer pays the balance on his account8) He returened some faulty goods to his supplier Kamen, which worth $400. 9) Bank interest of $70 is received10) A cheque customer returned $400 goods to him for a refund(window.cproArray = window.cproArray || []).push({ id: "u3054371" });参考答案1、单选题1-5 CCACB 6-10 DCABA2、翻译题1）中翻英1.Dr disposal of fixed assetDepreciation Cr fixed asset2.Dr notes payableCr bank3、业务题1) Dr Cash Cr capital2) Dr finished goods Cr Cash3)Dr CashCr sales revenue4) Dr accounts receivable Cr sales revenue5) Dr finished goods Cr accounts re ceivable6) Dr administrative expense Cr Cash7)Dr CashCr accounts receivable8)Dr CashCr finished goods9)Dr CashCr financial expense10) Dr sales revenue Cr Cash。