会计英语作业一
Accounting Exercises One
Ⅰ. Match the terms in column A with the definitions in column B
A B
1. government accountant a. provide useful information for decision-making
2. objectives of financial accounting b person must pass a series of examinations and
meet certain other requirements
3. private accountant c. work for one employer and offer services such as
Accounting, budgeting, and internal auditing
4. Certified Public Accountant d. audit tax returns and accumulate financial information
for federal, provincial, and municipal agencies
5. public accountant e. the language of business
6. accounting f. offer auditing, management advisory, and tax services
7. comprehensive income g. notes payable
8. revenues h. sales
9. expenses i. interest paid to bank
10. gains j. distributions of cash dividends to owners
11. losses k. services received as investments by owners
12. assets l. land
13. liabilities m. losses from incidental transactions of an entity
14. equity or net assets n. change in equity of an entity from transactions and
circumstances from non-owner sources
15. investments by owners o. residual interest in the assets of an entity
16. distributions to owners p. increases in equity from peripheral transactions of an entity
Ⅱ. 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 answer
1. Which of the following describes accounting?
A. is the language of business
B. is an information system
C. is useful decision making
D. all of the above
2. An accounting process includes all of the following steps except ____.
A. analyzing
B. planning
C. classifying
D. summarizing
3. Accounting information is used by ____.
A. businesses
B. government regulation agencies
C. labor unions
D. all of the above
4. 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 equity
B. increase liabilities and decrease owner’s equity.
C. have no effect on total assets
D. decrease assets and decrease liabilities
5. Which of these is/ are an example of an asset account? ____.
A. Cash
B. Accounts receivable
C. Investments
D. All of the above
6. 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. $68,400
B.$46,800
C. $181,900
D. 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. $248,000
B. $240,000
C. $236,000
D. $244,000
8. An adjusting entry could contain all of following except ____.
A. a debit to Unearned Revenue
B. a credit to Cash
C. a debit to Interest Receivable
D. a credit to Salary Payable
9. The intangible asset goodwill may be: .
A. capitalized only when purchased.
B. capitalized either when purchased or created internally.
C. capitalized only when created internally
D. 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 exchanged
C. 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 obligation
12. If total assets were $900,000 and total liabilities were $300,000, the owner’s equity would be:.
A. $ 300,000
B. $ 600,000
C. $ 1200,000
D. $ 900,000
13. 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 $40,000
D. 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 debts
15. 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 method
Ⅳ. Supply the missing information in the following statements
One
Many 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 Accepted
Accounting Principles (GAAP).
Two
In 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 English
1. 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。
7. 无形资产指没有实物形态的资本性资产。
8. 为了衡量收入，企业必须采用一些会计原理和概念。
9. 明细分类账
10. 实地盘点
11. 流动资产是预期能在一年或超过一年的一个营业周期内变现、出售或耗用的资产。
12. 在实践中，工作底稿是为了便于编制正式的财务报表而编制的，是用以归集财务报表所需的账户余额及调整信息。
13. 永续盘存制
14. 直接转销法
15. 备抵法
Ⅵ. Translate the following passage into Chinese
1. The adjusted trial balance is prepared after the adjusting entries have been journalized and posted. It is the one that reflects revised account balance due to the end-of-period adjustments. The adjusted trial balance serves as the basis for the preparation of the financial statements.
2. Inventories refer to merchandise, finished goods, semi-finished goods, goods I process, and all kinds of materials, fuels, containers, low-value and perishable articles and so on that stocked for the purpose of sale, production or consumption during the production operational process.
3. Cash can be defined as money on deposit in banks and any items that banks will accept for deposit. These items include not only coins and paper money but also checks and money paper. Those are not accepted for immediate deposit such as notes receivable, IOUs, postdate checks (checks dated in the future), and uncollected customers check----returned by the bank stamped “NFS” (not sufficient funds)----are not accepted for immediate deposit and are excluded in the accountant’s definition of cash.
Ⅶ. Case
The trial balance of ABC on March 1st, 2010 lists the business’ assets, liabilities and stockholders’ equity on that date.
During March the business completed the following transactions:
1). Borrowed $45,000 from the bank signed a note payable in the name of the business.
2). Paid cash of $40,000 to a real estate company to acquired land.
3). Performed service for a customer and received cash $5,000.
4). Purchased supplies on credit, $300.
5). Performed customer service and earned revenue on account, $2,600.
6). Paid $1,200 on account.
7). Paid the following cash expense: salaries, $3,000; rent, $1,500; and interest, $400.
8). Received $3,100 on account.
9). Received a $200 utility bill that will be paid next week.
10). Paid dividend of $1,800.
Required:
1.Journalize the preceding transactions.
2.Prepare the trial balance of the business at March 1st, 2010
会计专业英语答案.doc
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西交18年秋季《英语4(新录)》在线作业(针对非会计专业)满分答案
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会计学专业会计英语试题
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会计英语第三章作业
Matching Questions 140. Match the following terms the appropriate definition. 1. Depreciatio n expense The accounting system that recognizes revenues when earned and expenses when incurred. 2. Time period principle The accounting system where revenues are recognized when cash is received and expenses are recorded when cash is paid. 3. Profit margin Items paid for in advance of receiving their benefits. 4. Matching principle Net income divided by net sales. 5. Accrued revenues The expense created by allocating the cost of plant and equipment to the periods in which they are used. 6. Accrual basis accounting Allocates equal amounts of an asset's cost (less any salvage value) to depreciation expense during its useful life. 7. Cash basis accounting A principle that assumes that an organization's activities can be divided into specific time periods such as months, quarters, or years. 8. Prepaid expenses The principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses. 9. Straight-lin e depreciation Revenues earned in a period that are both unrecorded and not yet received in cash or other assets.
奥鹏南开20春学期(1709、1803、1809、1903、1909、2003)《会计专业英语》在线作业_2 随机.doc
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会计专业英语 作业第二版本(1)
Chapter 5课后习题 赵若寒 杨琬莹 邓凤兰 荆阳梅
第一部分选择题
1、In general terms,financial assets appear in the balance sheet at:a.Face value b.Current value c.Cost d.Estimated future sales value A
现值成本 估计未来销售价值 账面价值A B C D
2、which of following practices contributes to efficient cash management? C a.Never borrow money — maintain a cash balance sufficient to make all necessary payments b.Record all cash receipts and cash payments at the end of the month when reconciling the bank statements c.Prepare monthly forecasts of planned cash receipts,payments and anticipated cash balances up to a year in advance d.pay each bill as soon as the invoice arrives
提前准备好每月 预估计划的现金 收入、支付和预 期现金余额 发票一到， 就立即付款 协调银行对账单的 时候，在月末记录 所有的现金收入和 现金支付 永远不要借钱 ——保持足够的 现金余额来支付 所有必要的款项 A B C D
南开19秋学期(1709、1803、1809、1903、1909)《会计专业英语》在线作业答案2
【南开】19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业答案2 试卷总分:100 得分:100 一、单选题 (共 20 道试题,共 40 分) 1.Characteristics of a corporation include （） [A.]shareholders who have limited liability [B.]shareholders who are mutual agents [C.]its inability to own property [D.]direct management by the shareholders (owners) [仔细阅读上述试题，并完成作答] 参考选择:A 2.Sinking Fund Cash would be classified on the balance sheet as （） [A.]an investment [B.]an intangible asset [C.]a fixed asset [D.]a current asset [仔细阅读上述试题，并完成作答] 参考选择:A 3.One of the main disadvantages of the corporate form is the( ) [A.]professional management [B.]double taxation of dividends [C.]corporation must issue stock [D.]charter [仔细阅读上述试题，并完成作答] 参考选择:B 4.If the maker of a promissory note fails to pay the note on the due date, the note is said to be( ) [A.]displaced [B.]dishonored [C.]dishonored [D.]disallowed [仔细阅读上述试题，并完成作答] 参考选择:B 5.The interest rate specified in the bond indenture is called the ( ) [A.]market rate [B.]effective rate [C.]discount rate [D.]contract rate [仔细阅读上述试题，并完成作答] 参考选择:D
《财会专业英语》期末试卷及答案
《财会专业英语》期终试卷 I.Put the following into corresponding groups. (15 points) 1.Cash on hand 2.Notes receivable 3.Advances to suppliers 4. Other receivables 5.Short-term loans 6.Intangible assets 7.Cost of production 8.Current year profit 9. Capital reserve 10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payroll II.Please find the best answers to the following questions. (25 Points) 1. Aftin Co. performs services on account when Aftin collects the account receivable A.assets increase B.assets do not change C.owner’s equity d ecreases D.liabilities decrease 2. A balance sheet report . A. the assets, liabilities, and owner’s equity on a particular date B. the change in the owner’s capital during the period C. the cash receipt and cash payment during the period D. the difference between revenues and expenses during the period 3. The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: 20 x 1 20 x 2 Assets $ 75,000 $ 90,000 Liabilities 36,000 45,000 how much the owner’sequity at the end of 20 x 2 ? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,000
会计英语作业
Exercises for Unit Two Multiple Choices A1. Which of the following users are not external users of accounting information? A. Managers B. Creditors C. Investors D. Analysts D2. Which of the following is not an accounting standard-setting organization? A. FASB B. IASB C. MOF D. GAAP C3. The diversity of interested parties leads to a logical division in the discipline of accounting: financial accounting and _______. A. cost accounting B. financial management C. managerial accounting D. tax accounting D4. CPAs provide services of the following except ________. A. audit B. consulting C. tax D. holding examination A5. Which of the following service involves providing an independent report on the appropriateness of financial statements? A. Audit B. Tax C. Consulting D. Budgeting D6. Accountants employed by large corporations may work in the areas of the following except _______. A. product costing and pricing B. budgeting C. internal auditing D. product producing B7. ______ information is trusted by users. ______ information is helpful in contrasting organizations. A. Relevant B. Reliable C. Comparable D. Separate A8. The ______ assumption assumes that a business will continue in the same lines of the business as those in which it is currently involved. A. Going-concern B. accounting period C. accounting entity D. monetary unit B9. The ______ assumption assures that accounting information is reported at regular intervals. A. Going-concern B. accounting period C. accounting entity D. monetary unit
会计专业英语模拟试题及答案
《会计专业英语》模拟试题及答案 一、单选题（每题1分，共 20分） 1. Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost. 2）In order to achieve comparability it may sometimes be necessary to override the prudence concept. 3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed. 4）To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 2.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010? A.$8 500 Dr B.$8 500 Cr C.$14 000 Dr D.$14 000 Cr 3.Should dividends paid appear on the face of a company’s cash flow statement? A. Yes B. No C. Not sure D. Either 4.Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping? A. Weighted Average cost B. First in first out (FIFO) C. Last in first out (LIFO) D. Unit cost 5. Which of following items may appear as non-current assets in a company’s the statement of financial position? (1) plant, equipment, and property (2) company car (3) €4000 cash (4) €1000 cheque A. (1), (3)
第1学期《会计专业英语》作业
作业说明 1.用16开纸（184×260mm）打印题目，上、下、左、右各设2CM边距； 答案必须手写。 2. 作业模板如下页所示：
2012-2013学年第1学期《专业英语》作业 专业：班级：任课教师：丘永政 姓名：学号：成绩： I. Analyzing transactions and preparing financial statements Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during Require d： 1.Prepare an income statement for May, a May 31 balance sheet. a statement of cash flows for May. 2.These statements are given as follows
THE GRAHAM CO. Income Statement THE GRAHAM CO. Balance Sheet
THE GRAHAM CO. Statement of Cash Flows II. Translate the following sentences into Chinese 1.Most U.S. companies are not directly affected by international accounting standards. International standards are put forth as preferred accounting practices. However, stock exchanges and other parties are increasing the pressure to narrow differences in worldwide accounting practices. International accounting standards are playing an important role in that process.
会计英语作业
1、 Definition In financial accounting, the balance sheet is one of four standard financial statements and is a financial statement that summaries the financial position of a company on a particular date。(usually the end of the accounting period). 资产负债表表示企业在一定日期（通常为各会计期末）的财务状况（即资产、负债和业主权益的状况）的主要会计报表。The balance sheet normally is broken down into three main elements—assets , liabilities, and net equity—to show what the company owns and owes on that date. t is usual to include intangible assets such as goodwill alongside tangible assets such as property. Typically, a balance sheet is published at the end of the company’s financial year when the accounts have been audited, but it may also be produced at the end of a quarter, half-year, or other specified period. Of the three elements on the balance sheet, the assets are normally listed first, followed by any liabilities. The difference between the two is the equity, or worth, of the company. The equity may be referred to as net assets, shareholders’ equity, or net worth. The equity will always equal the assets minus the liabilities, or, conversely, the assets must equal the liabilities plus the equity:股权是从总资产减去总负债得出的(因此,总资产始终等于总负债加上股权)。解释性说明也可能被包括在内。 资产负债表利用会计平衡原则，将合乎会计原则的资产、负债、所有者权益”科目分为“资产”和“负债及所有者权益”两大区块，在经过分录、转帐、分类帐、试算、调整等等会计程序后，以特定日期的静态企业情况为基准，浓缩成一张报表。其报表功用除了企业内部除错、经营方向、防止弊端外，也可让所有阅读者于最短时间了解企业经营状况。 2、 Function The balance sheet shows what is owned (assets), what is owed (liabilities), and what is left (owners’ equity). It provides a concise snapshot of a company’s financial position.S o a balance sheet is a snapshot of the assets a company owns, the debts it owes, and how much it is worth. It is one of the tools management, lenders and investors use to assess a company's overall situation. It is not hard to understand a balance sheet, but you need to know how the parts of a balance sheet function and the role it plays in providing a complete picture of the company.
[南开大学]《会计专业英语》19秋期末考核(答案参考)
【奥鹏】-[南开大学]《会计专业英语》19秋期末考核 试卷总分:100 得分:100 第1题,Which of the items below is not a business organization form?（） A、entrepreneurship B、proprietorship C、partnership D、corporation 正确答案:A 第2题,Which of the following groups are considered to be internal users of accounting information? A、Employees and customers B、Customers and vendors C、Employees and managers D、Government and banks 正确答案:C 第3题,Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error? A、net income is understated B、net income is overstated C、cost of merchandise sold is understated D、merchandise inventory reported on the balance sheet is overstated 正确答案:A 第4题,The inventory method that assigns the most recent costs to cost of good sold is A、FIFO B、LIFO C、average D、specific identification 正确答案:B 第5题,The two most common specialized fields of accounting in practice are( ) A、forensic accounting and financial accounting B、managerial accounting and financial accounting C、managerial accounting and environmental accounting D、financial accounting and tax accounting systems 正确答案:B
财务英语 第二次作业(含答案)
1.True or false statements (1) Increasing assets is the impact of credit entries. (2) Salaries, telephone, and rent are asset accounts. (3) The accounting equation is liabilities= assets + equity. (4) Items owned by a business that has money value are known as assets. (5) To purchase “on account” is to create a liability. (6) A withdrawal of cash reduces cash and capital. (7) When all the transactions have been posted and footed, the debits should equal the credits. The test to see if this is so is called a trial balance. (8) The twofold effect of every entry is recorded in double-entry system. (9) Increases in all asset accounts are credited. (10) Increases in all liability accounts are debited.
《会计专业英语》期末复习资料
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《会计英语》复习资料 二、单项选择（红字为正确答案）：
Financial reports are used by d. all of the above
1. For accounting purposes, the business entity should be considered separate from its owners if the entity is（ ）
d. all of the above
2. Which of the following best describes accounting? b. is an information system that provides reports to stakeholders
3. Using accrual accounting, expenses are recorded and reported only a. when they are incurred, whether or not cash is paid
4. The measurement bases exclude( ) c. Sale price
5. Debts owed by a business are referred to as（ ） d. liabilities
6. Which of the following financial statements reports information as of a specific date? c. balance sheet
7. Cash investments made by the owner to the business are reported on the statement of cash flows in the
a. financing activities section
8. The accounting equation may be expressed as d. Assets - Liabilities = Owner's Equity
9. Which of the following groups of accounts have a normal credit balance? a. revenues, liabilities, capital
10. Which of the following groups of accounts have a normal debit balance? d. assets, expenses
11. Which of the following types of accounts have a normal credit balance? c. revenues and liabilities
12. In the accounting cycle, the last step is（ ） a. preparing a post-closing trial balance
13. Which of the following should not be considered cash by an accountant? c. postage stamps
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14. A bank reconciliation should be prepared periodically because （ ） c. any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected
15. The amount of the outstanding checks is included on the bank reconciliation as a(n) （ ） c. deduction from the balance per bank statement
16. The asset created by a business when it makes a sale on account is termed c. accounts receivable
17. What is the type of account and normal balance of Allowance for Doubtful Accounts? a. Contra asset, credit
18. The term "inventory" indicates （ ） d. both A and B
19. Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?
a. net income is understated 20.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
b. owner's equity is overstated 21.The inventory method that assigns the most recent costs to cost of good sold is
b. LIFO 22.Under which method of cost flows is the inventory assumed to be composed of the most recent costs?
b. first-in, first-out 23. When the perpetual inventory system is used, the inventory sold is debited to ( )
b. cost of merchandise sold 24．All of the following below are needed for the calculation of depreciation except
d. book value
25. A characteristic of a fixed asset is that it is b. used in the operations of a business
26. Accumulate