会计英语试卷1
(原)金融专业英语(FECT)中级会计模拟试卷1(题后含答案及解析)
（原）金融专业英语（FECT）中级会计模拟试卷1(题后含答案及解析)题型有：1. SECTION ONE 2. SECTION TWOSECTION ONE Answer all questions in this section.Question 11．For purpose of recording accounting information, each company is considered to be separate from its owners and all other companies. This concerns the entity concept.A．正确B．错误正确答案：A2．In an inflation economy, the inventory ending balance recorded by FIFO method is lower than that recorded by LIFO method.A．正确B．错误正确答案：B解析：In an inflation economy, the inventory ending balance recorded by FIFO method is higher than that recorded by LIFO method.3．If the purchaser has been given a purchase allowance, the amount of allowance should be debited to purchase return account.A．正确B．错误正确答案：B解析：If the purchaser has been given a purchase allowance, the amount of allowance should be credited to purchase return account.4．In long-term construction contracts, revenue is recognized at the point of the cash collected.A．正确B．错误正确答案：B解析：In long-term construction contracts, revenue is recognized in proportion tothe contract work performed each year.5．In business charges depreciation in accounts, the accounting concept to be considered is the materiality concept.A．正确B．错误正确答案：B解析：In business charges depreciation in accounts, the accounting concept to be considered is the going concern concept.6．Cumulative preference shares have the right to accumulate dividends in a given year if they are in arrears.A．正确B．错误正确答案：AQuestion 27．If retained earnings were understated and liabilities were overstated, which of the following errors could have been the cause?A．Making the adjustment entry for depreciation expenses twice.B．Failure to record interest accrued on a note payable.C．Failure to make the adjusting entry to record revenue which had been earned but not yet billed to clients.D．Failure to record the earned portion of fees received in advance.正确答案：D8．The selected data pertain to a company at 31 December 2003 as the following:Quick Assets ＄208,000Quick ratio 2.6 to 1Current ratio 3.5 to 1Net sales for 2003 ＄1,800,000Cost of good sold for 2003 ＄990,000Average total assets for 2003 ＄1,200,000The company’s inventory balance at 31 December 2003 is ______.A．＄72,000.B．＄186,990.C．＄231,111.D．＄68,000.正确答案：A9．An accrued expense can best be described as an amount ______.A．paid and currently matched with earnings.B．paid and not currently matched with earnings.C．not paid but currently matched with earnings.D．None of the above.正确答案：C10．Mr. Wong paid ＄3,000 in advance for insurance on 1 December 2001 and debited it to Insurance Expense. No entries were made subsequently in 2001 or in 200The accounting period ends on December 3As a result of this error ______.A．2001 income was understated ＄2,000.B．2002 income was understated ＄2,000.C．2001 income was understated ＄3,000.D．2002 income was understated ＄3,000.正确答案：A11．Mr. Ting’s net cash inflow from operating activities for the year ending 30 June is＄123,000. The following adjustments were included in the supplementary schedule reconciling cash flow from operating activities with net income:Depreciation ＄38,000Increase in net accounts receivable 31,000Decrease inventory 27,000Increase in accounts payable 48,000Increase in interest payable 12,000Net income is ______.A．＄29,000.B．＄41,000.C．＄79,000.D．＄217,000.正确答案：A12．Which of the following is not a characteristic of the accounting for non-trading organizations?A．They normally provide Receipts and Payments Accounts.B．They have Accumulated Fund, which is more or less the same as capital.C．It is more common to keep all records on a single entry basis.D．They must keep books on a double-entry system.正确答案：D13．Mr. Wong is a small company. And it failed to record every transaction. Now you are provided with the following information: capital at 1 January 2003 is ＄30,000, capital at 31 December 2003 is ＄31,000. During 2003, drawings are ＄2,000. Then the net profit for the year 2003 is ______.A．＄3,000.B．＄-1,000.C．＄1,000.D．＄-3,000.正确答案：A14．At the beginning of a given period, Mr. Ting’s inventory was all finished goods. The volume is 600. At file end of this period, 2,000 are completed units and 600 are partly completed. The partly completed units were deemed to be 50% complete. The manufacturing cost is ＄30,000. Then cost per unit is ______.A．＄17.64B．＄13.04C．＄10.34D．＄15正确答案：A15．Basic accounting assumptions include the following except ______.A．going concern.B．monetary unit.C．consistency.D．business entity.正确答案：C16．At 1 January 2003, the balance of Billy Company’s Provision for Bad Debts is ＄5,000. At 31 December 2003, the balance of trade debtors is ＄45,000. Billy Company’s provision for bad debts equals to 10% of trade debtors. During the year 2003, the bad debt written off is＄2,000. Then Bad Debt expenses of Billy Company this year must be ______.A．＄2,500.B．＄1,500.C．＄-1,500.D．＄-2,500.正确答案：BQuestion 317．As at 31 December Year 8, Sam Ltd’s cash book showed a debit balance of ＄1,055, although he had an overdraft of ＄3,511. The discrepancy is due to the following:—Bank interest of ＄10 had been included in the bank statement, but was not recorded in the cash book.—A cheque for ＄2,300 was banked on 28 December and correctly entered in the cash book. Unfortunately the customer had forgotten to sign the cheque and it was subsequently dishonored and returned by the bank on 31 December. The book-keeper recorded the return in the cash book on 3 January Year 9.—The bank had incorrectly deducted ＄907 from Sam’s account for a cheque drawn by May.—A refund of ＄85 received from a supplier and banked on 2 October had been recorded in the cash book as a receipt of ＄58.—A cheque for ＄450 issued on 29 December as a refund to a customer had been recorded as a receipt in the cash book. It has not been presented for payment by 31 December.—The book-keeper had intended to desposit ＄2,750 in the bank on 31 December and therefore recorded it as a receipt in the cash book on that date. Due to a delay, the amount was not banked until 3 January Year 9.—An amount of ＄350 paid directly into the bank by a customer had not been recorded in the cash book.—The cash book receipts had been undercast by ＄800.Required:(a)Calculate the corrected cash book balance on 31 December Year 8.(b)Prepare a bank reconciliation statement for Sam showing the bank overdraft which appeared on his bank statement on that date.正确答案：(a)Corrected Cash Book Balance:＄＄Original balance 1,055Add: Refund wrongly entered 27Direct banking 350Undercasting 800 1,1772,232Less: Bank interest 10Dishonored cheque 2,300Entered on wrong side 950Not deposited 2,750 6,0103,778 O/D(b)Bank Reconciliation Statement as at 31 December Year 8:＄＄Balance per bank statement 3,511 O/DLess: Unpresented chequesNovember 190December 450 6402,871 O/DAdd: Error by bank 9073,778 O/DQuestion 418．1. Ming’s Company produces CD appliances. The following is the cost information for the year ended 31 December 2003.1. Material put into production was valued at ＄360,000 and ＄80,000 of which was used as supplies.2. The payroll records showed that total labor cost was ＄350,000, ＄68,000 of which was the costs of foremen and storekeeping men.3. Factory power and utilities were at a total cost of ＄90,000.4. Selling and administration expenses totaled ＄100,000.5. There was no opening and closing work-in-progress. The production records indicated that 20,000 units were completed in the year.Required:Calculate the following:(a)Prime cost(b)Conversion cost(c)Cost of goods manufactured(d)Unit production cost正确答案：(a)Prime cost =＄(360,000-80,000)+＄(350,000-68,000) =＄562,000(b)Conversion cost =＄(350,000-68,000)+＄80,000+＄68,000+＄90,000=＄520,000(c)Cost of goods manufactured =＄(360,000-80,000)+＄520,000 =＄800,000(d)Unit production cost = Cost of goods manufactured / completed units= ＄800,000 / 20,000 = ＄40 per unitQuestion 519．Mr. Wong is a small manufacturer of bicycles in Hong Kong. His business incurred the following costs for the year ended 31 December 2003.＄Materials (100% variable) 300,000Labor (25% variable) 200,000Selling & distribution cost (20% variable) 50,000Other costs (fixed) 170,000 720,000Normally, the business sells3,000 units at ＄300 each:Required:(a)Calculate the breakeven point in units and dollar sales.(b)Calculate the contribution to sales ratio.(c)Calculate the margin of safety in percentage.正确答案：(a) Total variable costs:＄Materials 300,000Labor (＄200,000×25%) 50,000Selling & distribution cost (＄50,000×20% ) 10,000360,000Variable cost per unit =＄360,000 / 3,000 =＄120Contribution per unit =Selling price - Variable cost =＄300 -＄120 =＄180Breakeven point (in units) = Fixed cost / Contribution per unit= (＄200,000×75% +＄50,000×80% +＄170,000)/＄180= ＄360,000/＄180= 2,000 unitsBreakeven point (dollars sales) = Breakeven units ×Selling price per unit= 2,000×＄300= ＄600,000(b) the contribution to sales ratio = ＄180 / ＄300×100% = 60%(c) the margin of safety = (Current sales - breakeven sales) / Current sales×100%= (3,000×＄300-＄600,000)/＄900,000×100%= 33.3%Question 620．If a company had 120,000, 4% preference shares of ＄1 each and 250,000 ordinary shares of ＄1 each, then the dividends would be payable as follows:Year 1 Year 2 Year 3 Year 4 Year 5＄＄＄＄＄Total Profits appropriated for dividends 7,000 3,000 20,000 4,000 5,000Required:(a)If the preference shares are cumulative, non-participating, calculate the preference dividends and ordinary dividends in each year.(b)If the preference shares are cumulative, participating, calculate the preference dividends and ordinary dividends in each year.正确答案：(a)If the preference shares are cumulative, non-participatingYear 1 Year 2 Year 3 Year 4 Year 5＄＄＄＄＄Preference Dividends (4%) 4,800 3,000 6,600 4,000 5,000Ordinary Dividends 2,200 —13,400 ——(b)If the preference shares is cumulative, participatingYear 1 Year 2 Year 3 Year 4 Year 5＄＄＄＄＄Preference Dividends (4%) 4,800 3,000 1,800 4,000 200(4%) (2.5%) (in arrears) (3.33%) (in arrears)4,800 4,800(4%) (4%)1,103 —(0.92%) 5,0005,903Ordinary Dividends 2,200 —10,000 ——(0.88%) (4%)2,297(0.92%)12,297SECTION TWO Answer any two questions in this section.Question 721．After the first year of trading, Mr. Wong provided you the following list of ledger balances as at 31 December 2003:＄Stock, 1 January 2003 3,300Stock, 31 December 2003 25,200Sales 160,000Purchases 100,000Premises 142,600Fixtures & Fittings 45,200Motor Vehicles 42,500Returns Inwards 1,500Returns Outwards 2,600Carriage Inwards 1,000Carriage Outwards 250Debtors 30,500Creditors 41,500Wages 17,495Rent and Rates 3,900Lighting & Heating 18,455Insurance 10,600Motor Vehicle Expenses 2,400Cash at Bank 4,700Bank Loan 29,000LoanInterest 2,300Drawing 6,400You are further given the following information:1.Wages owing are ＄550.2.Prepaid rent is ＄600.3.Depreciation of Fixtures & Fittings is 10% per annum on cost.4.Depreciation of Premises is based on a 10-year lease.5.Depreciation of Motor Vehicles is 50% life using the reducing balance method.6.Stock taken for Mr. Wong’s own use is ＄1,100. Such a transaction has not yet been recorded.7.It is estimated that one-third of the driving time is for private purposes.8.5% of the outstanding accounts at the year end is thought to be uncollectible.9.There was no error made in the recording of business transactions for the year.Required:(a)Prepare a Trading and Profit and Loss Account for the year ended 31 December 2003.(b)Prepare a Balance Sheet as at 31 December 2003.(c)Explain the meaning and the significance of Working Capital.正确答案：(a) Mr. Wong’s BusinessTrading and Profit and Loss Account for the year ended 31 December 2003＄＄＄Sales 160,000Less: Returns inwards 1,500Net sales 158,500Less: Cost of goods soldOpening stock 3,300Purchases 100,000Carriage inwards 1,000101,000Less: Returns outwards 2,60098,400Less: Stock drawing 1,100 97,300100,600Less: Closing stock 25,200 75,400Gross Profit 83,100Less: ExpensesWages (17,495 + 550) 18,045Rent and Rates (3,900-600) 3,300Lighting & Heating 18,455Insurance 10,600Motor Vehicle Expenses (2,400×2/3) 1,600Loan Interest 2,300Carriage Outwards 250Bad debts 1,525Depreciation:—Premises (142,600×1/10) 14,260—Fixtures & Fittings (45,200×10%) 4,520—Motor Vehicle (42,500×50%) 21,250 96,105(13,005)(b) Mr. Wong’s BusinessBalance Sheet as at 31 December 2003＄＄＄Cost Dep NBVFixed AssetsPremises 142,600 14,260 128,340Fixtures & Fittings 45,200 4,520 40,680Motor vehicles 42,500 21,250 21,250230,300 40,030 190,270Current AssetsStock 25,200Debtors 30,500Less: Provision for bad debts 1,525 28,975Prepaid rent 600Cash at bank 4,70059,475Less: Current LiabilitiesCreditors 41,500Accrued wages 550 42,050Net Current Assets 17,425Total Net Assets 207,695Represented ByCapital (Workings 1) 200,000Less: Net Loss 13,005186,995Less: Drawings (6,400+1,100+1/3×2,400) 8,300178,695Bank loan 29,000207,695Workings 1: The initial capital contributed by Mr. Wong is determined by drawing up the following trial balance:Dr Cr＄＄Stock 3,300Sales 160,000Purchases 100,000Premises 142,600Fixtures & Fittings 45,200Motor Vehicles 42,500Returns Inwards 1,500Returns Outwards 2,600Carriage Inwards 1,000Carriage Outwards 250Debtors 30,500Creditors 41,500Wages 17,495Rent and Rates 3,900Lighting & Heating 18,455Insurance 10,600Motor Vehicle Expenses 2,400Cash at Bank 4,700Bank Loan 29,000Loan Interest 2,300Drawings 6,400Capital (Balance Figure) _____ 200,000433,100 433,100(c) Working capital is defined as the excess of current assets over current liabilities. It is one of the important financial indicators of the liquidity position of a business entity. A positive working capital position means that a business is able to manage its affairs to such a state that current assets are sufficiently ready to meet the requirement of settling the debts which are to be due within one year. In other words, a business is to be solvent in the short term if there is a positive working capital. This indicates that the liquidity position of a business is financially sound.However, a positive working capital does not necessarily indicate that the business is solvent in the long term or in a forced liquidation.Question 822．The following are the summarized financial statements of Mr. Wong’s business for the years ended 31 December 2002 and 2003 respectively.Balance Sheets as at 31 December2002 2003＄＄Fixed Assets (net book value) 22,500 18,000Current Assets:Stock 10,500 27,000Debtors 18,000 54,000Bank 1,500 —Current liabilities:Creditors (9,000) (22,500)Bank overdraft —(15,000) 43,500 61,500Capital at 1 January 18,000 43,500Net Profit for the year 45,000 52,500Drawings (19,500) (34,500) 43,500 61,500Profit and Loss AccountSales 180,000 300,000Cost of sales 120,000 225,000Gross profit 60,000 75,000Operating expenses 15,000 22,500Net profit 45,000 52,500Additional information is given as follows:1. All sales were on credit basis.2. There were no purchase or disposals of fixed assets during the year.3. The stock value and debtor balance as at 31 December 2001 were ＄15,000 and ＄30,000 respectively.Required:(a)Calculate the following financial ratios for years both 2002 and 2003:(i)Gross profit margin(ii)Net profit margin(iii)Return on capital employed(iv)Current ratio(v)Acid test ratio(vi)Stock turnover period (days)(vii)Debtors collection period (days)(viii)Gearing ratio(b)Why is the gearing ratio important to a banker in making a lending decision?(c)Based on the financial ratios in (a), comment on the profitability, liquidity and management efficiency of Mr. Wong’s business.正确答案：(a) (i) Gross profit margin = Gross profit / Sales×100%year 2002: = 60,000/180,000×100% = 33.3%year 2003: = 75,000/300,000×100% = 25%(ii) Net profit margin = Net profit/Sales×100%year 2002: = 45,000/180,000×100% = 25%year 2003: = 52,500/300,000×100% = 17.5%(iii) Return on capital employed = Net profit / Capital employed×100%year 2002: = 45,000/43,500×100% = 103.4%year 2003: = 52,500/61,500×100% = 85.4%(iv) Current ratio = Current assets / Current liabilitiesyear 2002: = 30,000/9,000 = 3.33 to 1year 2003: = 81,000/37,500 = 2.16 to 1(v) Acid test ratio = (Current assets- Stocks) / Current liabilitiesyear 2002: = 19,500/9,000 = 2.17 to 1year 2003: = 54,000/37,500 = 1.44 to 1(vi) Stock turnover period (days) = 365×Average Stock / Cost of salesyear 2002: = 365×0.5×(15,000+10,500)/120,000 = 39 daysyear 2003: = 365×0.5×(10,500+27,000)/225,000 = 30 days(vii) Debtors collection period (days) = 365×Average debtors/Salesyear 2002: = 365×0.5×(30,000+18,000)/180,000 = 49 daysyear 2003: = 365×0.5×(18,000+54,000)/300,000 = 44 days(viii) Gearing ratio = Long-term loan/(Long-term loan + Shareholders’ fund)×100%year 2002: = 0year 2003: = 0(b) Gearing ratio is an expression of the way companies are financed and the proportion of capital provided by risk taking shareholders and by lenders to the company.This ratio assists the bankers in their loan lending decisions. Basically, gearing ratio is an indication of the risk to be undertaken by the ordinary shareholders because of the interest obligation of the long-term financial position, particularly thecash flows. A company’s borrowing power will be correspondingly lower when there is an increase in the geared ratio.(c) The following points should be noted:Profitability —Decrease in gross profit margin, net profit margin and return on capital employed.—Although turnover is improved, profit margins am decreased. This may be due to inefficient control on operating expenses and/or less effective marketing strategy.Liquidity—Both current ratio and acid test ratio indicate that the liquidity position is worsening.—It may be due to piling up of inventory and substantial outstanding debtors amounts.Management Efficiency—The credit control policy has been tightened up as the debtors’ collection period has been reduced by 5 days.—The stock control has also been improved as the stock turnover becomes faster.Question 923．The following ledger balances are extracted from the books of White Trading Company as at 31 December 2003:＄Bad debts 750Bank overdraft 1,650Capital 100,000Carriage inwards 3,500Carriage outwards 1,400Creditors 18,500Debenture interest 900Debtors 12,500Discounts allowed 1,300Discounts received 1,500Drawings 24,900Equipment (at cost) 150,000Insurance 1,000Lighting 5,000Motor Van 40,000Provision for bad debts 1,100Provision for depreciation—Equipment 90,000—Motor Van 18,000Purchases 1,000,000Rent & rates 110,000Salaries and wages 210,000Sales 1,400,000Stock 1 January 2003 90,000Returns inwards 13,000Returns outwards 13,5009% 1998-2008 10-year Debenture 20,000Additional information relevant to the year ended 31 December 2003 is as follows:1. Closing stock at 31 December 2003 ＄115,0002. Accrued wages ＄20,0003. Prepaid insurance ＄2004. Outstanding telephone bill ＄2005. Outstanding rent ＄10,0006. Removal expenses of ＄950 are still outstanding because of dispute and they have not yet been entered into the accounting records.7. The depreciation policy is:(a)Equipment reducing balance method at 5% p.a(b)Motor Van: 25% p.a on cost8. It is a policy to make a provision for bad debts at 4% of outstanding debtors on the balance sheet date.Required:Prepare the Trading and Profit and Loss Account for the year ended 31 December 2003.正确答案：White Trading CompanyTrading and Profit and Loss Account for the year ended 31 December 2003＄＄＄Sales 1,400,000Less: Returns inwards 13,000 1,387,000Less: Cost of goods soldOpening stock 90,000Purchases 1,000,000Add: Carriage inwards 3,500Less: Returns outwards (13,500) 990,0001,080,000Less: Closing stock 115,000 965,000Gross Profit 422,000Other revenues:Discounts received 1,500Bad debts recovery 950424,450Less: ExpensesSalaries and wages 230,000(210,000 + 20,000)Rent & rates 120,000(110,000 + 10,000)Lighting 5,000Insurance (1,000 - 200) 800Removal expenses 950Bank services charges 160Telephone 200Discount allowed 1,300Carriage outwards 1,400Bad debts (750 + 25,000 ×650- 1,100)Debenture interest 2,700(900 + 20,000 ×9%)Depreciation-equipment 3,000 366,160(150,000 - 90,000)×5%Net Profit 58,290。
会计英语(1)
会计英语(1)1.Accounting(会计)The process of indentifying,recording,summarizing,and reporting economic information to dicision makers.2.Financial accounting(财务会计)The field of accounting that serves external decision makers,such as stockholders,suppliers,banks,and government agencies.3.Management accounting(管理会计)The field of accounting that serves internal decision makers,such as top executives,department heads,hosptil administrators,and people at other management levels within an or organization.4.Annual report(年报)A combination of financial statements,management discussion and analysis,and graphs and charts that is provided annually to investors.5.Balance sheet (statement of financial position,statement of financial condition)(资产负债表)A financial statement that shows the financial status of a business entity ata particular instant in time.6.Balance sheet equation(资产负债方程式)Assets = Liabilities + Owners' equity.7.Assets(资产)Economic resources that are expected to help generate future cash inflows or help reduce future cash outflows.8.Liabilities (负债)Economic obligations of the arganization to outsiders ,or claims against its assets by outsiders.9.Owners’ equity （所有者权益）The residual interest in the organization’s assets after deducting liabilities.10.Notes payable （应付票据）Promissory notes that are evidence of a debt and state the terms of payment.11.Entity （实体）An organization or a section of an organization that stands apart from other organization and individuals as a separate economis unit.12.Transaction （交易）Any event that both affects the financial position of an entity and be reliably recorded in money terms.13.Inventory （存货）Goods held by a company for the purpose of sale to customers.14.Account （帐户）A summary record of the changes in a particular assets,liability,or oweners’equity.15.Open account （贸易账户，来往帐目）Buying or selling on credit, usually by just an “authorized signature” of thebuyer.16.Account payable （应付帐款）A liability that results from a purchase of goods or services on open account.17.Creditor (债权人)A person or entity to whom money is owed.18.Debtor (债务人)A person or entity that owes money to another.19.Sole proprietorship (个体经营、独资经营)A separate organization with a single owner.20.Partnership (合伙)A form of organization that joins two or more individuals together as co-owners. 【。
会计英语期末试题及答案
会计英语期末试题及答案一、选择题（每题2分，共20分）1. Which of the following is NOT a financial statement?A. Balance SheetB. Income StatementB. Cash Flow StatementD. Budget Report2. What is the term used to describe the process of recording financial transactions in a company's books?A. AuditingB. BookkeepingC. Financial AnalysisD. Forecasting3. The process of determining the value of an asset orliability is known as:A. ValuationB. AmortizationC. DepreciationD. Accrual4. What does the abbreviation GAAP stand for?A. Generally Accepted Accounting PrinciplesB. Global Accounting and Auditing PracticesC. Government Accounting and Auditing PoliciesD. Good Accounting and Auditing Practices5. The term "revenue recognition" refers to the process of:A. Recording expenses when they are incurredB. Recording revenues when they are earnedC. Allocating costs to products or servicesD. Matching revenues with their related expenses6. Which of the following is a non-current asset?A. InventoryB. Accounts ReceivableC. LandD. Prepaid Expenses7. The matching principle in accounting requires that:A. All expenses must be recorded in the same period as the revenues they generateB. All assets must be listed on the balance sheetC. All liabilities must be paid off within one yearD. All revenues must be recognized in the period they are received8. What is the purpose of adjusting entries?A. To increase the company's reported profitsB. To ensure that financial statements reflect the current financial position of the companyC. To prepare the company for an auditD. To reduce the company's tax liability9. The accounting equation is:A. Assets = Liabilities + EquityB. Liabilities = Assets - EquityC. Equity = Assets - LiabilitiesD. All of the above10. Which of the following is a type of depreciation method?A. FIFOB. LIFOC. Straight-lineD. FIFO and LIFO are both inventory valuation methods答案：1. D2. B3. A4. A5. B6. C7. A8. B9. D10. C二、填空题（每空1分，共10分）11. The primary financial statements include the ______,______, and ______.12. The accounting cycle consists of several steps, including journalizing, ______, posting, and preparing financial statements.13. In accounting, the term "double-entry" refers to the practice of recording each transaction in ______ accounts. 14. The accounting equation shows the relationship between assets, liabilities, and ______.15. The accrual basis of accounting records revenues andexpenses when they are ______, not necessarily when cash is received or paid.答案：11. Balance Sheet, Income Statement, Cash Flow Statement12. footing13. two14. equity15. earned or incurred三、简答题（每题5分，共20分）16. 简述会计信息的四个主要特征。
会计英语试题及答案
函授点《会计英语》期末试卷姓名------ 专业------ 分数------一、单项选择题（20分）1. 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) onlyB (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only2. In preparing its financial statements for the current year, a company’s closing inventory was understated by $300,000. What will be the effect of this error if it re mains uncorrected?A The current ye ar’s profit will be overstated and next year’s profit will be understatedB The current year’s profit will be understated but there will be no effect on nextyear’s profitC The current year’s profit will be understated and next year’s profit will be overstatedD The current year’s profit will be overstated but there will be no effect on next year’s profit.3. In preparing a company’s cash flow statement, which, if any, of the following items could form part of the calculation of cash flow from financing activities? (1) Proceeds of sale of premises (2) Dividends received (3) Issue of sharesA 1 onlyB 2 onlyC 3 onlyD None of them.4. At 31 March 2009 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil inhand was $9,300 and there was an outstanding heating oil bill of $3,200. Payme nts made for heating oil during the year ended 31 March 2010 totalled $34,600.Based on these figures, what amount should appear in the co mpany’s income st atement for heating oil for the year?A $23,900B $36,100C $45,300D $33,1005. In times of inflation In times of rising prices, what effect does the use of the historical cost concept have on a company’s asset values and profit?A. Asset values and profit both undervaluedB. Asset values and profit both overvaluedC. Asset values undervalued and profit overvaluedD. Asset values overvalued and profit undervalued二、将下列报表翻译成中文（每个3分，共60分）1. ABC group the statement of financial position as at 31/Dec/2010 €2. Non-current assets3. Intangible assets4. Property, plant and equipment5. Investment in associates6. Held-for-maturity investment7. Deferred income tax assets8. Current Assets9. Trade and other receivables10. Derivative financial instruments11. Cash and cash equivalents12. Assets of discontinued operation13. Assets in total14. Current Liabilities15. Accrued payroll16. Accrued dividend17. Accrued accounts18. Non-current Liabilities19. Liabilities in total20. Net Assets三、业务题（每个4分，共20分）1) He pays a telephone bill of $800 by cheque2) The credit customer pays the balance on his account3) He returened some faulty goods to his supplier Kamen, which worth $400.4) Bank interest of $70 is received5) A cheque customer returned $400 goods to him for a refund函授点《会计英语》答案一、单项选择题1-5 ACDDC二、将下列报表翻译成中文1. 编制单位：ABC 资产负债表时间：2010年12月31日单位：欧元2. 非流动资产 3. 无形资产 4. 固定资产 5. 长期股权投资 6. 持有至到期投资7. 递延所得税资产 8. 流动资产 9. 应收账款及其他应收款 10. 货币资金 11. 非持续性经营资产 12. 资产总计 13. 负债 14. 流动负债15. 应付职工薪酬 16. 应付股利 17. 应付账款 18. 非流动负债 19. 负债总计 20. 净资产三．业务题1) Dr administrative Cr bank2) Dr bank Cr accounts receivable3) Dr bank Cr finished goods4) Dr bank Cr financial expense5) Dr sales revenue Cr bank。
会计英语 Lesson1 答案
9260
Total Liabilities and OE
7900
9950
b. 2050
c. 4550
Problem 1-1
a.
ASSETS =
LIABILITIES + OWNER’S EQUITY
Cash
Supplies
Accounts
payable
C.W.
Collins,
capital
Explanation
1100
Misc.
1475
Total expenses
26480
Net income
$4070
Express Delivery Inc.
Retained EarningsStatement
For the two months ended April 30
Retained Earnings Beginning
175
Total expenses
2,320
Net income
$2,530
Collins Realty
CapitalStatement
For t
C W Collins, capital,August1
$0
Add: Investments by owner
5,000
Net income
2,530
-5280
e
-120
120
f
-600
600
g
8690
-8690
h
-1100
-2000
-1100
Advertising
i
-2000
j
30550
国开会计专科《商务英语1》2019秋期末试题与答案.docx
国家开放大学2019年秋商务英语3897试题与答案（在后面）一、交际用语（共计10分，每小题分）题：根据对话内容选择恰当的选项。
1.- Thank you very much for helping me.A.You're welcome.B.It doesn't matter.C.No need.2.一Hello, Lucy. How are you?And you?A.Fine, thanks.B.Yes, I am.C.Glad to meet you.3.—— Help yourself to some fish.A.It sounds nice.B.Thank you.C.Yes, please.4.一Good morning. Far East Logistics Company. This is Lin Hanxue. May I help you?A.Good morning, Ms. Lin. Nice to meet you.B.No, thank you.C.Good morning, Ms. Lin. This is Daniel Anderson speaking.5.- Here you are, Sir.A.All right.B.Yes, here we are.C.Thank you very much.二、词汇与结构（共计30分，每小题分）20题：阅读下面的句子，从三个选项中选出一个能填入空白处的最佳选项。
6.There many people running in the park every morning.A.isC. areB.were7.These police often the children across the street.A.helpB.helpsC.is helping8.It is better to tell someone to get it.A.fixB.fixedC.fixing9.The ten-day display and sale finished tomorrow.A.isB.would beC.will be10.You are planning to export this product to Europe, ?A.don't youB.aren't youC.are youI 1. Markets are the system that some people's demands and some other people's supplies.A.rejectsB.meetsC.bridges12.Small holes should be made in theA.dryC.wet13.I packing in wooden cases.A.PreferB.getC.think14.I'll the remittance f or you m our records.A.check inC. check upB.check out15.Th ere are some visitors to our marketing department next week.eB.to comingmg16.The woolen gloves should in twenty boxes.A.be packedC.be packing17.But the charge will be __ a nd it also slows down delivery.A.more valuableB.cheaperC.higher18.I'd like to know what time we can get the container it is in the port.A.whyB.whenC.where19.The third part is the results.A.expectB.expectingC.expected20.18 of the EU members have replaced their national currencies by Euro notes and corns 2002.A.forB.atC.since三、阅读理解（共计40分，每小题分）2125题：阅读下列短文，从三个选项中选出一个正确答案。
会计英语考试题及答案
会计英语考试题及答案一、选择题（每题2分，共20分）1. What is the term for the process of recording financial transactions in a company's books?A. AuditingB. BudgetingC. AccountingD. Forecasting答案：C2. Which of the following is not a type of financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Sales Report答案：D3. The concept of "matching" is primarily associated with which accounting principle?A. Accrual AccountingB. Cash AccountingC. Historical CostD. Materiality答案：A4. What does the term "double-entry bookkeeping" refer to?A. Recording transactions twiceB. Keeping two sets of booksC. Balancing debits and creditsD. Recording transactions in two different accounts答案：C5. The process of verifying the accuracy of a company's financial records is known as:A. ReconciliationB. CompilationC. ReviewD. Appraisal答案：A6. What is the purpose of depreciation in accounting?A. To increase the value of an assetB. To allocate the cost of a tangible asset over its useful lifeC. To sell an assetD. To recognize an asset's gain答案：B7. The accounting equation is:A. Assets = Liabilities + EquityB. Assets - Liabilities = EquityC. Liabilities + Equity = AssetsD. All of the above答案：D8. Which of the following is an example of a current liability?A. Long-term debtB. Accounts payableC. Common stockD. Property, plant, and equipment答案：B9. What is the term used for the difference between the cost and the net selling price of inventory?A. Gross profitB. Net profitC. Cost of goods soldD. Inventory valuation答案：C10. The primary goal of financial statement analysis is to:A. Prepare tax returnsB. Evaluate a company's financial performance and positionC. Determine the market value of a companyD. Audit a company's financial records答案：B二、填空题（每空1分，共10分）1. The __________ is a summary of a company's financial performance over a specific period of time.答案：Income Statement2. The __________ is a statement that shows the changes in a company's financial position from one accounting period to the next.答案：Cash Flow Statement3. The __________ is the process of allocating the cost of an asset over its useful life.答案：Depreciation4. In accounting, the __________ principle states that revenue and expenses should be recognized in the period in which they are earned or incurred.答案：Matching5. __________ is the process of adjusting account balances to reflect the actual financial position of a company at the end of an accounting period.答案：Closing the Books6. The __________ is the difference between the total assets and total liabilities of a company.答案：Net Worth7. __________ is the process of comparing a company's financial statements with those of another company in the same industry to evaluate its performance.答案：Comparative Analysis8. The __________ is the estimated useful life of a tangible asset.答案：Useful Life9. __________ is the process of estimating the value of a company's assets at the time of a transaction.答案：Valuation10. The __________ is a method of accounting where revenues and expenses are recognized when cash is received or paid.答案：Cash Accounting三、简答题（每题5分，共20分）1. Explain the purpose of an audit in the context offinancial reporting.答案：An audit serves to provide an independent assessment of a company's financial statements, ensuring their accuracy, reliability, and compliance with accounting standards. It increases the credibility of financial reports and helps stakeholders make informed decisions.2. What are the main components of a balance sheet?答案：The main components of a balance sheet are assets, liabilities, and equity. Assets represent what a company owns, liabilities represent what a company owes, and equity is the residual interest in the assets after deducting liabilities.3. Describe the difference between revenue recognition and realization in accounting.答案：Revenue recognition is the process of recording revenue in the accounting period when it is earned, regardless of when payment is received. Realization, on the other hand, refers to the point at which revenue is considered。
会计专业英语复习题(1)(1)
【题型】：一、词汇默写10个，共10分已销商品成本cost of goods sold期初存货beginning inventory期末存货ending inventory在途物资goods in transit个别计价法specific identification method 加权平均法weighted average method先进先出法first-in，first-out method后进后出法last-in，first-out method货物流goods flow实地盘存制periodic inventory system永续盘存制perpetual inventory system实物资产，有形资产tangible assets固定百分比法fixed percentage method直线法straight line method余额递减法declining balance methods股本capital stock可折旧资产depreciable asset残值salvage value历史成本法historical cost systems公允价值fair value累计折旧accumulated depreciation账面值book value资本利得capital gain加速折旧法accelerated depreciation methods双倍余额递减法double-declining-balance method 工作量折旧法activity depreciation methods 多项资产multiple-asset长期投资long term investment短期投资current investment公允价值fair value市场价值market value股利，红利dividends账面价值carrying amount预付税款advance taxes paid应收票据note receivable应付票据note payable利息收入interest receivable拒绝承兑dishonor应收利息interest receivable利息费用interest expense应付利息interest payable预付账款prepayment应付工资salaries payable应交税金taxes payable不带息票据moninterest-bearing note匹配原则matching principle票据贴现discount on notes payable预收款项unearned revenues或有负债contingent liabilities现值present value商业票据commercial paper年金annuity面值face value市场利率market rate二、中译英5句，共25分1.会计师在记录经济业务时必须遵守经济主体原则。
会计英语（A）试题及答案
会计英语期末考试题（A卷）I. Multiple Choices (10%)1、Users of accounting information who have a direct interest in the business include（）.A. Present and Potential Investors;B. Present and Potential Creditors;C. Management;D. Tax Authorities;E. Customers and the general public2、In most cases, the management of a corporation consists of ( ).A、president;B、vice president;C、controller;D、treasurer;E、secretary3、Which of the following expressions are belonged to intangible assets? ( )A、cash in the safe; B. accounting system software; C. brand name; D. office building;E. customer and supplier relationship4、The source documents of the business transaction include ( ).A、cancelled checks;B、supplier invoices;C、cash receipts;D、purchase orders;E、notes for loan5、Which of the following businesses should draw up financial statements? ( ).A、private individuals;B、non-profit organizations;C、retailers;D、wholesalers;E、service Industries6、The closing entries consist of ( ) steps.A、2;B、3;C、4;D、5;E、67、Cash receipts of a company include ( ).A、bills;B、coins;C、promissory note signed by the customer;D、checks signed by the customer;E、goods paid by the credit cards8、Cash flow can be divided into three components which are ( ).A、Managing cash flow;B、Operating cash flow;C、Investing cash flow;D、Financing cash flow;E、Marketing cash flow9、Three generally accepted methods that may be used to estimate the allowance are ( ).A、Percentage of Credit Sales Method;B、Total Sales Method;C、Accounts Receivable Aging Method;D、Percentage of Receivables Method;E、Straight-line Method10、A promissory note is signed on October 3rd, due in 60 days, maturity date of the note is ( ).A、November 30th;B、December 1st;C、December 2nd;D、December 3rd;E、December 4thII. Write T (true) before the statements which are true and F (false) before the statements which are false. (5%)1、（）Stockholders should take part in the daily management and the decision-making.2、（）Purchasing assets by incurring a liability will increase both the assets and liabilities. However, owner’s equity will be unaffected.3、（）The balance of debits and credits means that there is not any error during the recording and calculating.4、（）At the end of an accounting period, the prepaid expenses should be adjusted. Otherwise, the assets will be understated and the expenses will be exaggerated.5、（）More profit means more cash on hand.III. Words and T erms (16%)1、Notes Receivable ______________________2、Prepaid Insurance ___________________3、journal __________________4、Accumulated Depreciation ____________________5、accrual accounting __________________6、Sales returns and allowances ________________7、bad debts __________________8、maturity date ____________________9、存货_________________ 10、预收影印费_________________________ 11、复式记账________________________ 12、红利______________________13、会计循环_______________________ 14、试算平衡_________________________ 15、损益汇总账户______________________16、有价证券_______________________IV. Fill in the following blanks with proper words. (14%)1、Three basic forms of business organization are：____________________、________________ and corporations .2、The expanded accounting equation is: Assets = Liabilities + Owner’s equity + ________________ —_________________3、Basically, the T account has three parts: a _______________, the debit and the _____________.4、Promissory notes are classified as ______________________ notes and ____________________ notes.5、The _______________________ is a collection of the business’s accounts and often takes the form of simple ___________________________ account.6、At the beginning of accounting period, the investment cost of marketable securities includes ________________, taxes, and ________________________ .7、Net income equals _____________________________ less ____________________________.V. T ranslate the following sentences into Chinese. (15%)1、Accounting is defined as “an information system that measures, processes, and communicates financial information about an identifiable economic entity”.2、Cash consists of money or any medium of exchange that a bank will accept at face value for deposit, and money in a bank or banks.3、The accounting cycle refers to the accounting process that begins with the analysis of transactions to the closing of books.4、Analyzing how the balance sheet changes over time will reveal essential information about the company’s business trends.5、The estimate of the uncollectibles at the end of a fiscal period should be based on past experience and forecasts of future business activity.VI. Calculating based on the information given. (15%)1、At the beginning of 2011, the assets of Brian Smith Company were $250,000, and its owner’s equity was $135,000. During the year, assets increased $45,000, and liabilities decreased $8,000. What was the owner’s equity at the end of 2011?2、On June 5, 2011, Tracy Norwood Company sold customer $20,000 of merchandise, terms 2/10, 1/20, n/30, on which a sales return of $800 is granted on June 11. Tracy received payment in full from customer on June 17. Please calculate the amount the customer has to pay on June 17.3、In order to raise cash, George Ross Co. discounted a $4000, 90-day note 30 days before the maturity date. Interest rate of the note is 8% and the discount rate is 10%. Please compute the proceeds from discount.VII、Make entries and financial statements. (25%)On December 31st, 20XX, Mike Andrew got the following ledger accounts: Cash —$6,780 (dr.); Accounts Receivable —$1,600 (cr.); Prepaid Insurance —$480 (dr.); Supplies —$600 (dr.); Cutting Machine —$920 (dr.); Accounts Payable —$40 (cr.); Mike Andrew, Capital —$6,800 (cr.); Service Revenue —$580 (cr.); Wages Expense —$200 (dr.); Telephone Expense —$40 (dr.).Suppose $200 of supplies had been used up within this month. The estimated useful life of cutting machine is 2 years and salvage value is zero. The insurance policy is one year.Make the entries of adjustment and prepare work sheet, income statement, statement of owner’s equity and balance sheet according to these accounts.1、Entries of adjustment2、Work SheetMike Andrew CompanyWork SheetDec.31, 20XX3、Income StatementMike Andrew CompanyIncome Statement4、Statement of Owner’s EquityMike Andrew CompanyStatement of Owner’s Equity5、Balance SheetMike Andrew CompanyBalance Sheet会计英语A卷答案一、多选题：1、ABC2、ABCDE3、BCE4、ABCDE5、ABCDE6、C7、ABDE8、BCD9、ACD10、C评分标准：共计10分，每题1分，多选、少选、错选均不得分二、判断题：1、F2、T3、F4、F5、F评分标准：共计5分，每题1分三、词汇题：1、应收票据2、预付保险费3、日记账4、累计折旧5、权责发生制会计（应计会计）6、销售退回与折让7、坏账8、到期日9、inventory10、Unearned Photocopy Fees11、double-entry bookkeeping12、dividend 13、accounting cycle14、trial balance15、income summary account16、marketable securities评分标准：共计16分，每题1分。
会计专业英语期末考试练习卷(new)
1华南农业大学期末考试试卷（B卷）考试类型：（闭卷）考试时间：120分钟学号姓名年级专业一、单选题（请将每小题的答案填在下面的答题栏中，每小题1分，共15分）1. The economic resources of a business are called: BA.Owner’s EquityB.AssetsC.Accounting equationD.Liabilities2.DTK Company has a $3500 accounts rec eivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on Januar y 20 by DTK Company to rec ord this transaction inc ludes: DA. A debit to the c ash rec eivable acc ount of $2100.B. A c redit to the acc ounts rec eivable account of $2100.C. A debit to the c ash account of $1400.D. A debit to the accounts rec eivable acc ount of $1400.3. In general terms, financ ial assets appear in the balanc e sheet at: AA.Fac e value.账面价值B.Current value.现值C.Market value.市场价值D.Estimated future sales value.4. Eac h of the follow ing measures strengthens internal control over c ash receipts exce pt: DA.The use of a vouc her system.B.Preparation of a daily listing of all c hecks rec eived through the mail.C.The deposit of c ash rec eipts intact in the bank on a daily basis.D.The use of c ash registers.5. Whic h of the follow ing items is the greatest in dollar amount? DA.Beginning inventoryB.Cost of goods sold.C.Cost of goods available for saleD.Ending inventory6.Why do companies prefer the LIFO inventory后进先出法method during a period of rising pric es?BA.Higher reported inc omeB.Low er inc ome taxesC.Low er reported inc omeD.Higher ending inventory7. Whic h of the follow ing c harac teristics w ould pre vent an item from being inc luded in thec lassific ation of plant and equipment? DA.IntangibleB.Unlimited lifeC.Be ing sold in its useful lifeD.Not c apable of rendering benefits to the business in the future.8. Whic h account is not a c ontra-asset account? BA.Deprec iation ExpenseB.Accumulated DepletionC.Accumulated Deprec iationD.Allowanc e for Doubtful Acc ounts9.What are the tw o factors that make ownership of an interest in a general partnership particularly risky? AA.Mutual agenc y and unlimited personal liabilityB.Limited life and unlimited personal liability.C.Limited life and mutual agenc y.D.Double taxation and mutual agency10.Whic h of the follow ing types of business owners do not take an ac tive role in the daily management of the business? DA.General partnersB.Limited liability partnersC.Sole proprietors 个体经营者D.Stockholders in a public ly ow ned corporation11. Analysts c an use the footnotes to the financ ial statements to DA.Help their analysis of financ ial statementsB.Help their understanding of financ ial statementsC.Help their chec king of financ ial statements.D.All of the above12. The current liabilit ies are $30 000, the long-term liabilities are $50 000, and the total assets are $240 000. What is the debt ratio? CA. 0.125B. 0.208C. 0.333D. 3.013. The horizontal analysis is used mainly to AA.Analyzing financ ial trendsB.Evaluating financ ial struc tureC.Assessing the pat performanc esD.Measuring the term-paying ability14.Among the follow ing ratios, w hic h is used for long-term solvenc y analysis?长期偿债能力分析AA.Current ratio 流动比率B.Times-interest-earned ratioC.Operating c yc leD.Book value per share15.A profit-making business that is a separate legal entity and in w hic h ownership is divided into shares of stoc k is known as a DA.Sole proprietorship 个体独资公司B.Single proprietorshipC.Partnership 合伙公司D.Corporation 股份有限公司二、名词解释(10分)(1) Journal entry：日记账Journal entry is a logging of transac tions into acc ounting journal items. It can c onsist of several items, eac h of w hic h is either a debit or a credit. The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanc ed". Journal entries c an rec ord unique items or rec urring items such as deprec iation or bond amortization.(2) Going c onc ern：持续经营The company w ill continue to operate in the near future, unless substantia l evidenc e to the c ontrary exists.(3) Matc hing princ iple：一致性原则(4) Working c apital：营运资金(5) Revenue expenditure：收入费用三、会计业务（共35分）1. On Dec ember 1, ME Company borrow ed $250 000 from a bank, and promise to repay that amount plus 12% interest (per year) at the end of 6 months.(1)Prepare the general journal entry to rec ord obtaining the lo an from the bank on Dec ember 1.(2)Prepare the adjusting journal entry to rec ord accrual of the interest payable on the loan onDec ember 31.(3)Prepare the presentation of the liability to the bank on ME’s Dec ember balanc e sheet.Answer:(1)Debit: c ash $250000Credit: c urrent liabilities $250000(2)Debit: Acc rual Expense $5000 不确定Credit: Interest Payable $5000(3) P392.The follow ing information relating to the bank chec king account is available for Music Ha ll at July 31:Ba lanc e per bank statement at July 31$20 0000Ba lanc e per depositor’s rec ords18 860 Outstanding c hecks 2 000Deposits in transit 800Servic e c harge by bank 60Prepare a bank rec onc iliat ion银行对账工作fro Music Ha ll at July 31.Answer:P423. Please prepare the related entries according to the follow ing acc ounting events.1) Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of this amount, $200,000 remains uncollec ted at December 31. The c redit manager estimates that $12,000 of these sales w ill be unc ollectible. Please prepare the adjusting entry to rec ord the estimated unc ollectible.2) On Marc h 1, 2003 the manager of financ e of Hea ly Furniture authorizes a write-off of the $500 balanc e owed by Nic k Company. Please make the entry to rec ord the write-off.3) On July 1, Nic k Company paid the $500 amount that had been written off on March 1. Answer:(1)Debit: Unc ollectible Acc ounts Expense坏账损失$12000Credit: Allow anc e for Doubtful Acc ounts坏账准备$12000(2)Debit: Allow anc e for Doubtful Accounts $500Credit: Acc ounts Rec eivable $500(3)Debit: Acc ounts Rec eivable $500Credit: Allow anc e for Doubtful Acc ounts $500Debit: Cash $500Credit: Acc ounts Rec eivable $500四、英译汉（40分）(1) Accounting princ iples are not like physic al laws; they do not exist in nature, aw aiting disc overy man. Rather, they are developed by man, in light of w hat we consider to be the most imp ortant objectives of financ ial reporting. In many w ays generally accepted accounting princ iples are similar to the rules established for an organized sport suc h as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。
会计英语 期末试题及答案
会计英语期末试题及答案第一部分：单项选择题（共20题，每题1分，共20分）1. The ________ principle states that expenses should be recorded and recognized in the accounting period in which they are incurred.a) Materialityb) Matchingc) Conservatismd) Historical cost答案：b) Matching2. In accounting, the term "debit" refers to:a) An increase in an asset or expense accountb) An increase in a liability or revenue accountc) A decrease in an asset or expense accountd) A decrease in a liability or revenue account答案：a) An increase in an asset or expense account3. The ________ principle states that all relevant information that could affect the decision-making of users should be included in the financial statements.a) Materialityb) Faithful representationc) Comparabilityd) Relevance答案：d) Relevance4. The balance sheet reports:a) Revenues, expenses, and net incomeb) Assets, liabilities, and equityc) Cash flows from operating, investing, and financing activitiesd) Changes in equity during the accounting period答案：b) Assets, liabilities, and equity5. Which of the following statements about the accrual basis of accounting is true?a) Revenues and expenses are recognized when cash is received or paidb) Transactions are recorded when they occur, regardless of when cash is received or paidc) Only cash transactions are recorded in the financial statementsd) Liabilities and expenses are recognized when they are incurred, and revenues are recognized when cash is received答案：b) Transactions are recorded when they occur, regardless of when cash is received or paid6. The financial statement that shows a company's revenues, expenses, and net income or loss for a specific period of time is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：a) Income statement7. A decrease in an asset account is recorded as a ________.a) Debitb) Creditc) Liabilityd) Equity答案：b) Credit8. The accounting equation can be expressed as:a) Assets = Liabilities + Equityb) Assets + Liabilities = Equityc) Equity = Assets + Liabilitiesd) Liabilities + Equity = Assets答案：a) Assets = Liabilities + Equity9. The financial statement that shows the changes in equity during the accounting period is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：d) Statement of retained earnings10. Which of the following is an example of an intangible asset?a) Landb) Buildingsc) Inventoryd) Goodwill答案：d) Goodwill11. The ________ principle states that assets should be recorded at their original cost.a) Objectivityb) Consistencyc) Historical costd) Materiality答案：c) Historical cost12. The statement of cash flows reports:a) Revenues, expenses, and net incomeb) Assets, liabilities, and equityc) Cash flows from operating, investing, and financing activitiesd) Changes in equity during the accounting period答案：c) Cash flows from operating, investing, and financing activities13. Which of the following is a current liability?a) Accounts payableb) Bond payable due in 10 yearsc) Mortgage payable due in 5 yearsd) Long-term note payable答案：a) Accounts payable14. The ________ principle states that the financial statements should be prepared assuming that the entity will continue to operate indefinitely.a) Going concernb) Revenue recognitionc) Materialityd) Consistency答案：a) Going concern15. Which financial statement reports the financial position of a company at a specific point in time?a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：c) Balance sheet16. The ________ states that an entity should use the same accounting methods and procedures from period to period.a) Materialityb) Going concernc) Consistencyd) Historical cost答案：c) Consistency17. What type of account is "Accounts Receivable"?a) Assetb) Liabilityc) Revenued) Expense答案：a) Asset18. The financial statement that shows the cash inflows and outflows from operating, investing, and financing activities is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：b) Statement of cash flows19. If a company has a current ratio greater than 1, it means that:a) The company has more assets than liabilitiesb) The company has more liabilities than assetsc) The company is profitabled) The company can pay its current liabilities with its current assets答案：d) The company can pay its current liabilities with its current assets20. Which of the following is considered an external user of financial statements?a) Company managementb) Employeesc) Suppliersd) Creditors答案：d) Creditors第二部分：填空题（共10题，每题2分，共20分）1. The periodicity assumption assumes that a company's activities can be divided into ________ periods of equal length.答案：accounting2. The ________ principle states that an entity should recognize revenues when they are earned, regardless of when cash is received.答案：revenue recognition3. The adjusting entry to record the use of supplies during an accounting period would include a ________ to the Supplies Expense account.答案：debit4. The adjusting entry to recognize revenue that has been earned but not yet collected would include a ________ to the Accounts Receivable account.答案：credit5. The ________ principle requires that expenses be reported in the same period as the revenue that is earned as a result of those expenses.答案：matching6. The financial statement that reports the financial position of a company at a specific point in time is the ________.答案：balance sheet7. The accounting equa tion can be expressed as: ________ = Assets − Liabilities.答案：Equity8. The financial statement that shows the changes in equity during the accounting period is the ________.答案：statement of retained earnings9. The adjusting entry to record the portion of prepaid rent that has been used during an accounting period would include a ________ to the Rent Expense account.答案：debit10. The unearned revenue account is a ________ account.答案：liability第三部分：简答题（共4题，每题10分，共40分）1. What is the matching principle in accounting? Why is it important?答案：The matching principle in accounting states that expenses should be recorded and recognized in the accounting period in which they are incurred, regardless of when the cash is paid. This principle is important to ensure that the expenses are properly matched with the revenues that theyhelp generate. By matching expenses with revenues, the financial statements provide a more accurate representation of the company's financial performance during a specific period. This helps users of the financial statements make informed decisions based on reliable financial information.2. Explain the difference between an asset and a liability. Provide an example of each.答案：An asset is a resource owned by a company that has economic value and is expected to provide future benefits. Examples of assets include cash, accounts receivable, inventory, and property, plant, and equipment.A liability, on the other hand, is an obligation or debt owed by a company to external parties. It represents an economic sacrifice that the company is required to make in the future. Examples of liabilities include accounts payable, loans payable, and accrued expenses.3. What is the purpose of the statement of cash flows? How is it prepared?答案：The purpose of the statement of cash flows is to provide information about the cash inflows and outflows from operating, investing, and financing activities during a specific period. It helps users understand how a company generates and uses its cash resources.The statement of cash flows is prepared using the indirect method or the direct method. In the indirect method, the net income from the income statement is adjusted for non-cash items and changes in working capital to arrive at the net cash provided by operating activities. Cash flows from investing and financing activities are directly reported. In the direct method,the actual cash receipts and payments are directly reported in each category of cash flows.4. What is the purpose of the adjusting entries? Provide two examples of adjusting entries and explain their impact on the financial statements.答案：The purpose of adjusting entries is to ensure that the revenues and expenses are properly recognized in the accounting period in which they are incurred, and that the balance sheet accounts reflect the true financial position of the company at the end of the period.Two examples of adjusting entries are:- Accrued expenses: An adjusting entry is made to recognize expenses that have been incurred but not yet paid or recorded. For example, at the end of the accounting period, salaries for the last few days of the period may not have been paid. An adjusting entry is made to recognize the expense for the unpaid salaries, which increases the expenses on the income statement and decreases the retained earnings on the balance sheet.- Prepaid expenses: An adjusting entry is made to recognize expenses that have been paid in advance but have not yet been used. For example, if a company pays rent for the next three months in advance, an adjusting entry is made to allocate a portion of the prepaid rent to the current accounting period. This decreases the prepaid rent on the balance sheet and increases the rent expense on the income statement.。
会计英语综合测试一
会计英语（2）综合测试一测试时间为120分钟一、英译汉（请将答案直接写在题后，每小题1分，共20分）：二、汉译英（请将答案直接写在题后，每小题1分，共20分）：三、单项选择题（每道题只有一个最准确的答案，请将答案填写在要求的表格内，每小题1分，共15分）1. If the allowance method of accounting for uncollectible receivables is used, what general ledger account is debited to write off a customer's account as uncollectible? A. Uncollectible Accounts Expense B. Accounts ReceivableC. Allowance for Doubtful AccountsD. Interest Expense2. Allowance for Doubtful Accounts has a debit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 3% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is A. $18,5001. Present value2. Operating lease3. LIFO method4. Inventory5. Extraordinary item6. Paid-in capital7. Outstanding stock 8. Asset impairment9. Consolidated financial statement 10. Merger 11. Gross profit method 12. Residual value13. Declining-balance method 14. Physical inventory15. Contingent liability 16. Annuity17. Marketable securities 18. Callable bonds 19. Board of directors 20. Par11. 信用债券 12. 现金股利 13. 有限责任 14. 偿债基金 15. 库藏股票 16. 坏账准备 17. 加权平均法 18. 股东 19. 存货周转率 20. 无形资产1. 清算2. 商誉3. 全面收益4. 成本与市价孰低法5. 股利6. 股票分割7. 合伙企业8. 债券9. 折旧 10. 优先股C. $18,000D. none of the above3. The following lots of a particular commodity were available for sale during the year:Beginning inventory........ 10 units at $60First purchase................ 25 units at $63Second purchase............ 30 units at $64Third purchase............... 10 units at $70The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the last-in, first-out method?A. $1,230B. $1,220C. $1,240D. $1,3404. During a period of falling prices, which of the following inventory methods generally results in the lowest balance sheet amount for inventory.A. average methodB. LIFO methodC. FIFO methodD. can not tell without more information5. Expenditures that add to the utility of fixed assets for more than one accounting period areA. committed expendituresB. revenue expendituresC. current expendituresD. capital expenditures6. A fixed asset with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?A. $2,500 lossB. $1,000 lossC. $2,500 gainD. $1,000 gain7. The journal entry a company uses to record the issuance of a note for the purpose of borrowing funds for the business isA. debit Accounts Payable; credit Notes PayableB. debit Cash; credit Notes PayableC. debit Notes Payable; credit CashD. debit Cash and Interest Expense; credit Notes Payable8. On June 8, Acme Co. issued an $80,000, 6%, 120-day note payable to Still Co. What is the maturity value of the note?A. $80,100B. $84,800C. $81,6009. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will beA. 160,000 sharesB. 40,000 sharesC. 120,000 sharesD. 10,000 shares10. The net effect to a corporation of the declaration and payment of a cash dividend is toA. decrease assets and decrease stockholders' equityB. decrease liabilities and decrease stockholders' equityC. increase stockholders' equity and decrease liabilitiesD. increase assets and increase stockholders' equity11. The excess of sales price of treasury stock over its cost should be credited toA. Treasury Stock ReceivableB. Premium on Capital StockC. Paid-In Capital from Sale of Treasury StockD. Income from Sale of Treasury Stock12. The equity method of accounting for investmentsA. requires a year-end adjustment to revalue the stock to lower of cost or marketB. requires the investment to be reported at its original costC. requires the investment be increased by the reported net income of the investeeD. requires the investment be decreased by the reported net income of the investee13. Which of the following qualities is not characteristic of fixed assets?A. TangibleB. Capable of repeated use in the operation of the businessC. Held for saleD. Long-lived14. Which of the following date will increase the liability for cash dividend?A. Date of declarationB. Date of ex-dividendC. Date of recordD. Date of payment15. Which of the following qualities is not characteristic of corporation?A. Double-taxationB. Legal entityC. Stockholders have limited liabilityD. Mutual agency四、判断题（判断对错，正确请打√，错误请打×，将答案填入试卷第一页表格内，每小题1分，共10分）1.Allowance for Doubtful Accounts is a liability account.2.If ending inventory for the year is understated, net income for the year is overstated.3."Market," as used in the phrase “lower of cost or market" for valuing inventory, refers to the price atwhich the inventory is being offered for sale by its owner.4.The two main sources of stockholders' equity are investments contributed by stockholders and netincome retained in the business.5.If the dividend amount of preferred stock, $50 par value, is quoted as 8%, then the dividends pershare would be $4.6.When the market rate of interest is less than the contract rate for a bond, the bond will sell for apremium.7.Martin Co. sold merchandise to Fess Company on December 31, FOB shipping point. If themerchandise is in transit on December 31, the end of the fiscal year, then the inventory should be reported in Fess’s financial statement.8.The recognition of depreciation in the accounts provides a special cash fund for the replacement offixed assets.9.When you buy cumulative preferred stock, you will never have to worry about losing the dividend.10.Stock dividend will increase the stockholders’ proportionate interest in the corporation.五、填空题（请注明题号，将答案写在答题纸上，每空1分，共10分）1. The number of shares of outstanding stock = ( ) －( )2. The excess of issue price over par of common stock is termed a (n) ( )3. The difference between Accounts Receivable and its contra asset account is called ( )4. Price-earning ratio = ( ) / ( )5. If there is no preferred stock, Eps = ( )/shares of common stock outstanding.6. ( ) method of accounting for uncollectible accounts provides for the recognition of theexpense in the period of sale.7. Current Ratio= ( )/( )六、请根据描述写出正确的专业词汇：（请注明题号，将答案写在答题纸上，每小题1分，共5分）1. The stock that a corporation has once issued and then reacquires.2. Lease is accounted for as if the lessee has, in fact, purchased the asset.3. The depreciation method which provides for the same amount of depreciation expense for each unit produced or each unit of capacity used by the asset.4. The preferred stock that has a right to receive regular dividends that were not paid in prior years before any common stock dividends is paid.5. Liabilities that are to be paid out of current assets and are due within a short time.七、业务题:（每个分录2分，共20分）A company uses the allowance method of accounting for uncollectible accounts receivables, the selected transactions are as follows.1. Jan.1, issued 10,000 shares of $10 par common stock, for cash at $15,2. Mar. 15th, accepted a 60-day, 12% note for $8,000 from B Company on account.3.May 14th, received the interest due from B Company and a new 90-day, 14% note as a renewal of the loan. (Record both the debit and the credit to the notes receivable account.)4 Jun 15th, purchased merchandise for cash $12,000.5. Aug 12th, received from B Company the amount due on its note of May 14th.6. Aug 20th, sold merchandise inventory on account, the selling price is $1,400, the cost of merchandise is $1,000.7. Sep. 21st, Purchased 2,500 shares of its own common stock at $26, recording the stock at cost. (There were 40,000 shares of $20 par common stock outstanding.)8. Dec. 14th，Declared cash dividend of $1.2 per common share to stockholders.9. Dec. 31st, it is estimated that 3% of the balance of Accounts Receivable for the year ended Dec.31 will be uncollectible. Before adjustment, the “Allowance for Doubtful Accounts” has a credit balance of $300, and the Accounts Receivable account has a debit balance of $20,000.。
会计英语
一．Accounting Basics二．Debits and Credits三．Chart of Accounts四．BookkeepingNOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".五．Accounting Equation六．Accounting Principles"Unscrambled Answer".七．Financial Accounting八．Adjusting EntriesUse the following information to answer questions 1 - 6:A company borrowed $100,000 on December 1 by signing a six-month note that specifies interest at an annual percentage rate (APR) of 12%. No interest or principal payment is due until the note matures on May 31. The company prepares financial statements at the end ofNOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".九．Balance SheetNOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".十．Income Statement"Unscrambled Answer".十一.Cash Flow StatementFor each of the following items, indicate which part will be affected.For items 19 – 30 indicate whether they will have a positive or negative EFFECT ON CASH.A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement.A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement.NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".。
《会计专业英语》习题答案人大版Chapter 1
Chapter 1 Introduction to AccountingMultiple choice questions:1. D2. C3. C4. C5. B6. A7. C8. D9. C 10. CDiscussion questions1. What are the three basic forms of business entities?The forms of business entities are generally divided into sole proprietorships, partnerships, or corporations.A sole proprietorship is an unincorporated business only owned by one person. A sole proprietorship often has the following characteristics: (1) The owner also acts as the manager. (2) The owner is personally liable for the debts of the business. If the business has financial difficulties, creditors can force the owner to sell his or her personal assets to pay for the business debts. (3) Its advantage is simplicity.A partnership is usually an unincorporated business owned by two or more persons voluntarily acting as partners. The owners of a partnership, when unincorporated, are also personally liable for the debts of the business. In comparison he sole proprietorship, the partnership has the ability to raise larger amounts of capital investment from multiple owners. Since the personal skills of the individuals are vital to the partnership, covenants are usually drawn up which makes it difficult for individual partners to exit the legal entity.A corporation is a business organization as a separate legal entity owned by stockholders. Investors in a corporation receive shares of stock to indicate ownership claims. Shares of stock are easy to sell. Individuals can become stockholders by investing small amounts of money.2. Compared with sole proprietorship and partnership, what are the advantages of corporation as a form of business entity?Compared with sole proprietorships and partnerships,a corporation is easy for corporations to raise larger amounts of funds. Successful corporations often havethousands of stockholders, and their stocks are traded on organized stock exchanges like the New York Stock Exchange. Different from sole proprietorships and partnerships, corporate stockholders have no personal liability to the legal entity and their risks are limited to their purchase amount only.3. Who are the external users of accounting information? Give examples.External users have a current or potential financial interest in the reporting entity, but are not directly involved in managing and operating the business. The main external users include investors and creditors. Investors use accounting information to decide whether to buy, hold, or sell stocks. Creditors use accounting information to decide whether to sell goods or services on credit or lend money to an entity. Other external users of accounting information are government agencies, suppliers, customers, general public, and so on.4. What are the three main types of business activities? Give examples of each activity.All business can be classified into three types of activity: financing activity, investing activity, and operating activity. A company usually obtains cash through financing activities to start and grow its business. It then invests the cash in to run the business, such as delivery vehicles. Once this equipment is in place, it can begin the operating activities of making and selling goods.Financing activity: A company has two primary sources to raise funds. One is borrowing money and the other is issuing (selling) shares of stock in exchange for cash. Persons or entities to whom a company owes money are creditors. Amounts owed to creditors are called liabilities. A company may also obtain funds by selling shares of stock to investors in exchange for ownership rights. The total amount paid in by stockholders is ownership of shares of common stock and called paid-in capital. A creditor has a legal right to be paid at the agreed-upon time. However, stockholders have no legal right to expect any payments on a regular basis. The payments paid to stockholders are called dividends.Investing activity: Investing activities involve the purchase of the resources a company needs in order to operate. These resources can be buildings, furniture, computers, and delivery trucks among many other capital investments. Resources owned by a business are called capital assets. Assets have different types and names. Various, non-current, and tangible assets are called property, plant, and equipment (PPE).Operating activity: Once a business has assets, it can begin its operations. The amounts earned on the sale of its products or services are called revenues. Sources of revenues common to many businesses are sales revenues, service revenues, and interest revenues (typically not operating revenues but financing revenues).5. Accounting is sometimes described as the language of business. What is meant by this description?Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. Specifically, accounting provides information about the reporting entity that is useful to present and potential investors, creditors, and other information users in decisions about providing resources to the entity. As we often say, accounting is a business language.。
会计英语试卷1电子教案
会计英语试卷1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、Retained earning is not an asset; it is an element ofstockholders’ 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 shouldagree with 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-c urrent 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 elementof uncertainty. ( )10、The owner’s equity in a business is increased by borrowing moneyfrom a 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、When 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 offive years, the annual depreciation would be( ) under thestraight-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、r emained (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。
会计英语期末试题及答案
会计英语期末试题及答案一、选择题1. Which of the following statements best describes the purpose of financial accounting?a) Providing information for internal decision making.b) Reporting financial information to external parties.c) Assisting in tax planning and preparation.d) Analyzing operational performance.2. What is the primary goal of financial reporting?a) Providing relevant and reliable information.b) Minimizing taxes and maximizing profits.c) Meeting government regulations.d) Facilitating internal control.3. Which of the following is an example of an external user of financial information?a) Chief Financial Officer (CFO).b) Production Manager.c) Shareholders.d) Human Resources Manager.4. The accounting equation can be stated as:a) Assets = Liabilities + Equity.b) Equity = Assets - Liabilities.c) Liabilities = Assets - Equity.d) Assets = Equity - Liabilities.5. What is the purpose of the income statement?a) To report the company's financial position at a specific point in time.b) To disclose changes in the company's equity during a period of time.c) To report the company's revenues, expenses, and net income for a period of time.d) To provide information about the company's cash flows.二、填空题1. A company's assets are equal to its _______________ minus its liabilities.2. The _______________ principle states that expenses should be recorded in the same accounting period as the revenues they help to generate.3. The financial statements include the _______________, the balance sheet, the statement of cash flows, and the statement of stockholders' equity.4. _______________ involves analyzing and interpreting financial information to make informed business decisions.5. The _______________ is a financial ratio that measures a company's ability to pay its short-term debts.三、解答题1. Explain the difference between accrual accounting and cash accounting.2. Discuss the importance of the balance sheet in financial reporting.3. Describe the purpose and content of the statement of cash flows.4. What is the role of the Generally Accepted Accounting Principles (GAAP) in financial reporting?5. Explain the concept of depreciation and how it is recorded in the financial statements.答案：一、选择题1. b) Reporting financial information to external parties.2. a) Providing relevant and reliable information.3. c) Shareholders.4. a) Assets = Liabilities + Equity.5. c) To report the company's revenues, expenses, and net income for a period of time.二、填空题1. Equity2. Matching3. Income statement4. Financial analysis5. Current ratio三、解答题1. Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when the associated cash flows occur. Cash accounting, on the other hand, records revenue and expenses only when cash is received or paid out. Accrual accounting provides a more accurate picture of a company's financial health and performance.2. The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and equity. The balance sheet is important for investors, creditors, and other stakeholders to assess the company's liquidity, solvency, and overall financial stability.3. The statement of cash flows reports the cash inflows and outflows from a company's operating activities, investing activities, and financing activities. Its purpose is to provide information about the cash generated and used by the company during a specific period of time. It helps users understand the company's cash flow patterns and assess its ability to generate cash for future operations and investments.4. Generally Accepted Accounting Principles (GAAP) are a set of accounting standards and guidelines that companies must follow when preparing their financial statements. GAAP ensures consistency, comparability, and transparency in financial reporting, allowing users of financial statements to make meaningful and informed decisions. It helps maintain public trust in the financial reporting process.5. Depreciation is the systematic allocation of the cost of a long-term asset over its useful life. It reflects the wearing out, consumption, or expiration of the asset's value over time. Depreciation is recorded as an expense on the income statement and as an accumulated depreciation contra-asset on the balance sheet. It helps match the cost of the asset with the revenue it helps to generate, providing a more accurate reflection of the company's profitability.。
会计英语作业一
会计英语作业⼀Accounting Exercises OneⅠ. Match the terms in column A with the definitions in column BA B1. government accountant a. provide useful information for decision-making2. objectives of financial accounting b person must pass a series of examinations andmeet certain other requirements3. private accountant c. work for one employer and offer services such asAccounting, budgeting, and internal auditing4. Certified Public Accountant d. audit tax returns and accumulate financial informationfor federal, provincial, and municipal agencies5. public accountant e. the language of business6. accounting f. offer auditing, management advisory, and tax services7. comprehensive income g. notes payable8. revenues h. sales9. expenses i. interest paid to bank10. gains j. distributions of cash dividends to owners11. losses k. services received as investments by owners12. assets l. land13. liabilities m. losses from incidental transactions of an entity14. equity or net assets n. change in equity of an entity from transactions andcircumstances from non-owner sources15. investments by owners o. residual interest in the assets of an entity16. distributions to owners p. increases in equity from peripheral transactions of an entityⅡ. Decide whether the following statements are true or false. Write T for true and F for false( ) 1. Accountants have an ethical obligation to maintain only moral competence.( ) 2. Accounting equation accounts for the common quantitative relation among accounting elements: Assets = Liabilities + Owner’s Equity( ) 3. Accounting is a system of gathering, summarizing and communicating financial information for a business firm, government or other organizations.( ) 4. Journal entries are made before they have been entered into the ledger accounts.( ) 5. The equality of a trial balance means that there are no error made in the previous accounting procedures. ( ) 6. If at the end of an accounting period there is a debit balance in the income summary account, this means that the revenue has exceeded expense.( ) 7. The important role of the worksheet is to aid the accountant by bringing together all the data needed for preparing financial statements.( ) 8. A worksheet is a substitute for the financial statements.( ) 9. Account Receivable is classified as a current asset.( ) 10. The Allowance for Uncollectible Accounts is a liability because it usually has a net credit ending balance. ( ) 11. Recoveries of an account previously written off are, when an Allowance ofr Uncollectible Accounts account is used, credited to the Bad Debts account.( ) 12. Weighted Average method assigns different unit cost to the same inventory item under both the perpetual inventory system and the periodic inventory method.( ) 13. Inventory pricing methods can be changed from period to period at will to control net income.( ) 14. Under the perpetual inventory system, the Cost of Goods Sold account is debited and the Merchandise Inventory account is credited for each sale of merchandise inventory.( ) 15. When the FIFO method of costing inventory is used, costs are assumed to be charged against revenue in the order in which they are incurred.Ⅲ. Choose the best answer1. Which of the following describes accounting?A. is the language of businessB. is an information systemC. is useful decision makingD. all of the above2. An accounting process includes all of the following steps except ____.A. analyzingB. planningC. classifyingD. summarizing3. Accounting information is used by ____.A. businessesB. government regulation agenciesC. labor unionsD. all of the above4. Traylor Company paid $2,850 on account. The effect of this transaction on the accounting equation is to ____.A. decrease assets and decrease owner’s equityB. increase liabilities and decrease owner’s equity.C. have no effect on total assetsD. decrease assets and decrease liabilities5. Which of these is/ are an example of an asset account? ____.A. CashB. Accounts receivableC. InvestmentsD. All of the above6. The ending Cash account balance is $57,600. during the period, cash receipts equal $124,300. If the cash payments during the period total $135,100, then the beginning Cash amount must have ____.A. $68,400B.$46,800C. $181,900D. Cannot be determined from the information given.7. During 2007, Bustamante Co. incurred salary expense of $240,000. Beginning and ending Salary Payable was $4,000 and $8,000, respectively. In 2007, Bustamante paid salaries of ____.A. $248,000B. $240,000C. $236,000D. $244,0008. An adjusting entry could contain all of following except ____.A. a debit to Unearned RevenueB. a credit to CashC. a debit to Interest ReceivableD. a credit to Salary Payable9. The intangible asset goodwill may be: .A. capitalized only when purchased.B. capitalized either when purchased or created internally.C. capitalized only when created internallyD. written off directly to retained earnings.10. For a non-monetary exchange of plant assets, if the exchange lacks commercial substance, accounting recognition should not be given to: . A. a loss when the assets exchanged. B. a gain when the assets exchangedC. part of a gain when the assets exchanged and cash is received.D. no gain or lass.11. You own a Lawn Service business. If you charge a customer $30 for mowing their lawn, what is the $30 to your business? . A. Revenue. B. An expense. C. A liability D. An obligation12. If total assets were $900,000 and total liabilities were $300,000, the owner’s equity would be:.A. $ 300,000B. $ 600,000C. $ 1200,000D. $ 900,00013. Land is purchased with cash for $40,000. What effect will this transaction have on the accounting equation? .A. Increase assets and owner’s equity by $40,000.B. Increase assets and liabilities by $40,000.C. Decrease owner’s equity by $40,000 and increase assets by $40,000D. No net effect on any of the accounting equation elements.14. The balance in Allowance for Doubtful Accounts, at any given time, represents:A. estimated uncollectible accounts receivable not yet written off.B. the amount of accounts receivable written off.C. the amount reserved to pay for bad debts.D. the amount lost to bad debts15. The method of increasing the expense when the business writes an account off is called:A. aging method.B. allowance method.C. percent of sales method.D. direct write-off methodⅣ. Supply the missing information in the following statementsOneMany people and __1__ use accounting information that __2__ prepare in order to make sound decisions. That’s why it is important for these people to understand how this information is created. To __3__ communication, accountants establish __4__ that business people can use to ensure they are talking about the same thing. Suppose, a bookstore sells books: when should the accountant __5__ the sale----at the moment the books are shipped (accrual accounting) or at the time__6__ for these books is received (cash accounting)? Whether the store owner uses ___7__ or the cash basis accounting rule is not important as long as a rule is established that requires the owner to __8__ which system of rule is being used in __9__. All the rules of measurement for accounting __10__ in one group and called Generally AcceptedAccounting Principles (GAAP).TwoIn practice, it may be necessary to know __1__ of inventory when perpetual inventory records are not maintained and it is impractical to take __2__. For example, a business that uses __3__ may need monthly income statements, but taking a physical inventory each month may be too costly. Moreover, when __4__ such as a fire has destroyed the inventory, the amount of __5__ must be determined. In this case, taking a physical inventory is __6__, and even if __7__ have been kept, these records may also __8__. In such cases, __9__ can be estimated by using (1) the retail method or (2) __10__. Ⅴ. Translate the following into English1. 会计等式2. 复式记账基本原理3. 会计期间4. 确认收⼊原则5. 电汇6. 过账是将分录信息从⽇记账过⼊分类账的过程。
会计英语试题及答案
会计英语试题及答案一、选择题（每题2分，共20分）1. What is the term for the systematic, periodic assessmentof the performance and financial position of a business?A. AuditingB. BudgetingC. Financial AnalysisD. Forecasting答案：C. Financial Analysis2. Which of the following is not a basic accounting principle?A. Accrual Basis AccountingB. ConsistencyC. Cash Basis AccountingD. Going Concern答案：C. Cash Basis Accounting3. The process of recording transactions in a journal isknown as:A. PostingB. JournalizingC. ClosingD. Adjusting答案：B. Journalizing4. What does the term "Double Entry" refer to in accounting?A. Recording transactions twiceB. Recording transactions in two different accountsC. Recording transactions in two different waysD. Recording transactions in two different periods答案：B. Recording transactions in two different accounts5. The financial statement that provides a snapshot of a company's financial condition at a specific point in time is:A. Income StatementB. Balance SheetC. Cash Flow StatementD. Statement of Changes in Equity答案：B. Balance Sheet二、填空题（每题2分，共20分）6. The __________ is the accounting equation that shows the relationship between assets, liabilities, and equity.答案：Accounting Equation7. In accounting, the term __________ refers to theallocation of the cost of a tangible asset over its useful life.答案：Depreciation8. The __________ is the process of summarizing the transactions recorded in the ledger accounts and presentingthem in a more condensed form.答案：Trial Balance9. __________ is the method of accounting where revenues and expenses are recognized when they are earned or incurred, not necessarily when cash is received or paid.答案：Accrual Accounting10. The __________ is the financial statement that shows the changes in a company's cash and cash equivalents during a period.答案：Cash Flow Statement三、简答题（每题10分，共30分）11. Explain the purpose of a balance sheet in a business context.答案：The purpose of a balance sheet is to provide stakeholders with a snapshot of a company's financialposition at a specific point in time. It lists the company's assets, liabilities, and equity, and is used to assess the company's liquidity, solvency, and overall financial health.12. What are the main differences between an income statement and a statement of cash flows?答案：The income statement reports a company's financial performance over a period, focusing on revenues and expenses to determine net income. The statement of cash flows, on the other hand, shows the inflows and outflows of cash during thesame period, highlighting how the company generates and uses cash.13. Describe the concept of "matching principle" in accounting.答案：The matching principle in accounting requires that expenses be recognized in the same accounting period as the revenues they helped generate. This principle ensures that the financial statements reflect the actual economic activity of the period, providing a more accurate picture of the company's financial performance.四、计算题（每题15分，共30分）14. Given the following trial balance figures, calculate the total current assets and total current liabilities.| Account | Debit ($) | Credit ($) ||||-|| Cash | 12,000 | || Accounts Receivable | | 8,000 || Inventory | | 15,000 || Prepaid Expenses | 2,000 | || Accounts Payable | | 5,000 || Wages Payable | 1,000 | || Total Current Liabilities | | 6,000 |答案：Total current assets = Cash + Accounts Receivable + Inventory + Prepaid Expenses = 12,000 + 8,000 + 15,000 +2,000 = 37,000Total current liabilities = Accounts Payable + Wages Payable + Total Current Liabilities = 5,000 + 1,000 + 6,000 = 12,00015. If a company has a net income of $50,000 and an increase in retained earnings of $75,000, calculate the dividends paid by the company.答案：Dividends paid = Increase in retained earnings - Net income = 75,000 -。
2023年会计硕士《英语一》考试全真模拟易错、难点精编⑴(答案参考)试卷号：10
2023年会计硕士《英语一》考试全真模拟易错、难点精编⑴（答案参考）（图片大小可自由调整）一.全考点综合测验(共50题)1.【单选题】Please be serious. I am not _______. You should consider it carefullyA.sortingB.jokingC.countingparing正确答案：B2.【单选题】All the memories of his childhood had _______ from his mind by the time he was 65.A.fadedB.illustratedC.concerned正确答案：A3.【单选题】Without a proper education, people could _______ all kinds of crimes.A.conductB.stoopmitD.sweat正确答案：C4.【单选题】Although the trffic is not busy, he likes to drive at a_______ speed.A.spareB.fastC.moderateD.moral正确答案：C5.【单选题】When you fill in the application form, please use your_______ address so that we can contact you easily later.A.policyB.plainC.permanentD.principal正确答案：C6.【单选题】The _______ is nearly dead , so I can not start the car again.A. beanB.beamC.bakeD.battery正确答案：D7.【单选题】Students with _______ problems may apply for student loans.A. economicB.financialC.maleD.economical正确答案：B8.【单选题】In the United States, the foreign policy is decided by the ________ government, not by each state.A.federalB.figureC.scientificD.service正确答案：A9.【单选题】The doctors _______ the medicines to the people in the flood area.A.distributedB.packedC.prayedD.undertook正确答案：A10.【单选题】We won ’t allow any foreign country to _______ in our internal affairs.A.devoteB.districtC.interfereD.wander正确答案：C11.【单选题】Some lazy men would rather _______ than work.A. indicateB.declareC.solveD.starve正确答案：D12.【单选题】This river is so big that it is impossible to build a _______under it without moderntechnology.A.canalB.tunnelC.channelD.cable正确答案：B13.【单选题】Sometimes it is very difficult to _______ some of the English words. Even the native speaker can not help.A.decreaseB.createC.defineD.delight正确答案：C14.【单选题】He always has a lot of _______ ideas in his mind , and sometimes we do not even know what he is thinding about.A.novelB.novelC.acceptableD.additional正确答案：A15.【单选题】The college students in China are _______ from smoking on campus because this will do them no good.A.discouragedB.observedC.obeyedD.obtained正确答案：A16.【单选题】We are _______ at the rapid progress Mark has made in this semester.A.distinguishedB.annoyedC.astonishedD.scored正确答案：C17.【单选题】With the help of the government , a large number of people ---_______ after the flood in 1991.A.survivedB.suspendedC..sufferedD.subfected正确答案：A18.【单选题】John _______ to be a polite man. But in fact he is veryrude.A. pretendsB.assuresC.affordsD.melts正确答案：A19.【单选题】This boy was _______ for what he had done in the class.A.scoldedB.overcomeC.inclinedD.displayed正确答案：A20.【单选题】We do not have a _______ school in our institute. The highest degree we provide for the students is a B. A. and a B.S. .A.continueB.bayC.assistanceD.graduate正确答案：D21.【单选题】The _______ work continued for more than a week but there was still no sign of the missing boy.A.researchB.rescueC.vesselD.vast正确答案：B22.【单选题】When making modern cameras , people began to_______ plastics for metal.A.surroundB.substanceC.stretchD.substitute正确答案：D23.【单选题】Pine trees are usually believed to _______ cold weather.A.guardB.accomplishC.roarD.endure正确答案：D24.【单选题】He works in our university as a visiting _______, not as a formal faculty member.A.traditionalB.scholarC.nurseD.pilot正确答案：B25.【单选题】When traveling alone in the mountains, you ’d better take a _______ with you in case you get lost.passpressplseD.campus正确答案：A26.【单选题】Many kinds of animals are believed to have _________from the earthA.withdrawnB.vanishedC.foundD.hung正确答案：B27.【单选题】We can not _______ all the magazines together.A.routeB.drawC.threadD.bind正确答案：D28.【单选题】With the _______of Mary, all the girl students are eager to go to the party.A.exhibitionB.exceptionC.exceptD.reception正确答案：B29.【单选题】We can not trust him any more because he often________ his duty.A.owesB.spoilsC.desertsD.neglects正确答案：D30.【单选题】Some states in the United States _______ people tocarry guns.A.applyB.charmC.ignoreD.forbid正确答案：D31.【单选题】I have not heard anything from him since his _______.A.departureB.faultC.foundationD.acciptance正确答案：A32.【单选题】What he said in the meeting _______ everybody present.A.disgustedB.dismissedC.disposedD.eliminated正确答案：A33.【单选题】After working for twenty hours without any rest, the doctors were _______.A.exhaustedB.mountedC.wrappedD.restored正确答案：A34.【单选题】It is not ---_______ for me to return all the books to the library now because I still need some of them for my research.A. continuousB.difficultC.convenientD.sufficient正确答案：C35.【单选题】The engineers in this lab spent several weeks _______their plans for the new bicycle.A.countingB.strippingC.elaboratingD.casting正确答案：C36.【单选题】This river forms a natural _______ between China and Korea.A.boundaryB.stringC.spotD.zone正确答案：A37.【单选题】Carelessness made him fall in his job _______.A.interviewB.intentionC.stomachD.stocking正确答案：A38.【单选题】When a spacecraft travels, one of the major problems is reentry into the Earth ’s _______.A.surfaceB.atmosphereC.attitudeD.bent正确答案：B39.【单选题】As a teacher, you should not _______ the students from asking questions in class.A. ruinB.restrainC.importD.impose正确答案：B40.【单选题】He tried to _____ __relations with his former wife but he failed.A.measureB.maintainC.shelterD.reply正确答案：B41.【单选题】Much of the news provided by this newspaper is_______, not foreign.A.domesticB.strainC.purchaseD.murder正确答案：A42.【单选题】Both sugar and salt can ______in water.A.desertB.absorbC.dissolveD.involve正确答案：C43.【单选题】She is already 16years old. But she _______as if she were still a little girl.A.believesB.absorbsC.accrsesD.behaves正确答案：D44.【单选题】This morning in the class, our teacher lost his ______at last because he could not stand any more.A. temperB.terrorC.verseD.contain正确答案：A45.【单选题】If you have any problems during your study here,please do not _______ to call me for helpA.hesitateB.despairC.urgeD.request正确答案：A46.【单选题】Free medical service is _______ to nearly all the college students in China.A.favoriteB.availableC.convenientD.average正确答案：B47.【单选题】Several loudspeakers are _______ from the ceiling and we can hear the speaker very clearly.A. connectedB.sustainedC.associatedD.suspended正确答案：D48.【单选题】Professor Smith is also the _______ of the international program office. If you have anyproblem when you study here,you may go to him for help.A.detectiveB.presidentC.managerD.director正确答案：D49.【单选题】He _______ to study harder in the future so that he could have more opportunities to find a better job.A.resolvedB.resortedC.requestedD.reserved正确答案：A50.【单选题】In order to increase our output, we need to import more production _______.A.facilitiesB.hensC.votesD.artists正确答案：A。
会计英语考试试题
会计英语考试试题会计英语考试试题在现代社会中，会计是一项非常重要的职业。
会计师需要具备广泛的知识和技能，包括对财务报表的准确分析和解读能力。
为了评估会计师的专业能力，会计英语考试成为了一个重要的指标。
本文将探讨一些常见的会计英语考试试题，以帮助读者更好地了解这个领域。
第一部分：会计基础知识1. 什么是会计？请简要解释会计的定义和目的。
会计是一种记录、分类和总结财务信息的方法。
它的目的是提供对企业或个人财务状况的准确描述，以便做出决策和评估经济活动的结果。
2. 解释以下财务报表的含义和用途：资产负债表、利润表和现金流量表。
资产负债表显示了企业在特定日期的资产、负债和所有者权益。
它用于评估企业的财务状况和偿债能力。
利润表显示了企业在特定时期的收入、费用和利润。
它用于评估企业的盈利能力和经营绩效。
现金流量表显示了企业在特定时期的现金流入和流出情况。
它用于评估企业的现金流动性和经营活动的效率。
3. 什么是会计准则？为什么会计准则对于会计师非常重要？会计准则是规定会计报告和财务信息披露的规则和原则。
它们确保了财务报表的准确性、可比性和可靠性。
会计师必须遵守会计准则，以确保他们的工作符合行业标准和法律要求。
第二部分：会计英语词汇和短语1. 解释以下会计英语词汇：assets、liabilities、revenue、expenses、equity。
- Assets：资产，指企业拥有的具有经济价值的资源。
- Liabilities：负债，指企业对外部债权人的经济责任。
- Revenue：收入，指企业从经营活动中获得的货币或货币等价物。
- Expenses：费用，指企业在经营活动中发生的支出。
- Equity：所有者权益，指企业所有者对企业资产的权利。
2. 请用会计英语表达以下概念：资产负债表、利润表、现金流量表、净利润、应收账款、应付账款。
- Balance sheet：资产负债表- Income statement：利润表- Cash flow statement：现金流量表- Net profit：净利润- Accounts receivable：应收账款- Accounts payable：应付账款第三部分：会计原则和准则1. 解释以下会计原则和准则：货币计量原则、实体概念、持续经营原则、费用匹配原则。
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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、Retained 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 agree
with 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 a
continuous record of the inventory on hand. ( )
8、Non-c urrent liabilities are obligations that must be paid within one year or the
operating cycle (whichever is longer). ( )
9、Central to the definition of a contingent liability is the element of
uncertainty. ( )
10、The owner’s equity in a business is increased by borrowing money from
a 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、When an amount is entered on the ( ) side of an account, it is a credit, and the
account is said to be credited.
A、left
B、right
C、left or right
D、others
2、Which is not included in long-term assets? ( )
A、fixed assets
B、intangible assets
C、cash
D、deferred assets
3、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 five years, the annual depreciation would be( ) under the straight-line method.
A、＄2,400
B、＄2,000
C、＄1,800
D、＄1,600
4、Total assets will be ( ) by the act of borrowing money from a bank.
A、decreased
B、increased
C、r emained (保持不变)
D、uncertain
5、The owners of a corporation（股份公司）are termed (称为) （）
A、stockholders
B、investors
C、creditors
D、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。
A、the entity concept
B、the going-concern concept
C、the time-period concept
D、the stable-monetary-unity concept
7、( )要求会计核算应当以实际发生的经济业务为依据，如实反映财务状况
和经营成果。
A、objective principle
B、matching principle
C、disclosure principle
D、consistency principle
8、（）是指会计核算和财务报表应当按照规定的会计处理方法进行和编制，
且其方法前后期不得随意变更。
A、objective principle
B、matching principle
C、disclosure principle
D、consistency principle
9、销货成本是指以下哪一项？（）
A、sales returns
B、cost of goods sold
C、gross profit on sales
D、delivery expense
10、( )explains the causes of the change in the cash balance.
A、balance sheet
B、income statement
C、statement of cash flows
D、all above
三、多项选择题：每题3分，共15分（每题有2到4个正确答案，多选、少选或选错不得分）
1、There must be a heading that identifies the Balance Sheet, including( )
A、The name of the business
B、Income Statement
C、Balance Sheet
D、the date
2、A entity’s major activities include ( )
A、Operating
B、Investing
C、Financing
D、all above(以上都是)
3、Accelerated methods of depreciation includes ( )
A、the sum-of-the-years’-digits method
B、the production method
C、the declining-balance method
D、all above
4、Owner s’ equity includes ( )
A、Capital invested in by investors
B、Capital reserve
C、Surplus reserve
D、Undistributed profit
5、The owners’ equity comes from two sources: ( )
A、Investment by the owners
B、Earnings from profitable operation
C、Loss from unprofitable operation
D、A and B
四、翻译：第3题6分，其余3分，共15分（请在空格处写出粗体字对应的英
语或汉语,汉译英每空对应一个单词）
1、应纳税收入is a legal concept.
2、A good财务计划is crucial to the success of your business.
3、In China, accountants rely on four fundamental accounting assumptions（假设）in recording business transactions: business entity concept, going concern concept, periodicity assumption, stable monetary assumption.
4、Another important element in the internal control system is internal auditing
.
五、综合：共40分
1、配对：16分（请将题中特种日记账与所记录的特定交易的序号一一配对）
特种日记账所记录的特定交易
（1）Sales Journal A、Sales on credit term
（2）Cash Receipts Journal B、Payments of cash(including cash purchases) （3）Invoice Register C、Receipts of cash (including cash sales) （4）Cash Disbursements Journal D、Purchases of merchandise and other items （1）（2）（3）（4）
2、根据以下资料编制资产负债表的资产部分：24分
Assets
Notes Receivable 30,000
Office Supplies 30,000
Cash 10,000
Accounts Receivable 60,000
Office Equipment 60,000。