英文会计期末试卷

2007-2008学年第一学期

《会计学原理》（3）期末考试试题（A卷）

考试对象：商学院工商管理专业2006级1-5班

本期末试卷满分为100分，占课程总成绩的100%。

答题要求：

1．请将所有答案统一写在答题纸上，不按要求答题的，责任考生自负。

2．答题纸与试卷一同交回，否则酌情扣分。

Part One Key Term Appreciation (20%)

Required: each of the statements in this part is followed by 4 options marked 1), 2), 3) and 4) of which only one is most appropriate to fill in the blank in the statement. Note down the one that you consider should be the right one

1．

2．Accounting is a managerial information system serving relevant users of ______ .

1)managers, shareholders, creditors and customers

2)managers, shareholders, suppliers and customers

3)shareholders, creditors, customers and government agencies

4)managers, shareholders, creditors and government agencies

2. Accounting can be categorized into ______ by the targeted information users.

1 ) financial accounting and managerial accounting

2) accrual based accounting and cash based accounting

3) public accounting and private accounting

4) national accounting and international accounting

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3. ______ are two commonly used inventory systems.

1) Perpetual and continuous systems

2) Perpetual and periodic systems

3) Perpetual and average systems

4) Periodic and average systems

4. Current assets are inclusive of ______.

1) cash, receivables, inventory and short-term investments

2) cash, payables, inventory and short-term investments

3) cash, receivables, payables and short-term investments

4) cash, receivables, payables and inventory

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5. Non-current assets are inclusive of ______.

1) plan-property-and-equipment and natural resource

2) natural resource and long-term investments

3) long-term investments and intangibles

4) all above-mentioned categories of asset

6. The book value of a fixed asset can be determined by ______.

1) subtracting the accumulated depreciation from the fare value

2) subtracting the accumulated depreciation from the market value

3) subtracting the accumulated depreciation from the acquisition cost

4) subtracting the accumulated depreciation from the stated value

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7. To expense the cost of an intangible asset like a patent over its useful life is termed as ______.

1) amortization

2) depreciation

3) depletion

4) write-off

8. The legal value of the common stock is the available ______.

1) par value or market value

2) par value or stated value

3) par value or fare value

4) par value of market value

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9. dividends payment can only be declared and made out of _____.

1) either paid in capital or retained income

2) either paid in capital or after-tax net income

3) paid in capital

4) retained income

10. The convertible pond can be changed into common stock at the discretion of ______.

1) bond holders

2) issuing company

3) managers

4) board of directors

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Part One Key Term Appreciation (60%)

Required: prepare journal entries for the following transactions occurred in a merchandising business, Thomson Co.,Ltd over last financial year. For simplicity it can by in the form of:

Dr. XXX(account name) XXX(dollar amount)

Cr. XXX(account name) XXX(dollar amount)

1.Under perpetual inventory system, acquired a batch of goods on credit. The purchase

price is $10,000.

2.Made full cash payment of the above mentioned purchase.

3.Made cash payment of the above purchase’s shipping expense in amount of $1,000.

4.Sold the above mentioned batch of goods to a customer on account. The selling price is

$20,000.

5.，

6.Simultaneously accounted for the cost of goods sold.

7.Issued 100,000 common stock shares at the par value (of $10 per share).

8.Issued 10,000 ponds at the face value (of $1,000 per bond)