会计英语练习题

专业英语习题

一、单项选择题

1. Which of the following are reported in the stockholders? equity section of the balance sheet? ( )

a.revenues and expenses

b.dividends and retained earnings

https://www.sodocs.net/doc/4515367514.html,mon stock and dividends

https://www.sodocs.net/doc/4515367514.html,mon stock and retained earnings

2. Current assets are presented in the balance sheet in order of ( )

a.dollar amounts

b.liquidity

c.solvency

d.the alphabet

3. Current liabilities include all of the following except ( )

a.accrued wages payable

b.advance received from customer

c.current portion of long-term loan

d.prepaid expenses

4. Credit terms of 2/10 n/30 indicate: ( )

a. a 2% discount if 10 items are purchased

b.no payment is required until the 31st day after the invoice date

c. a 10% discount if 2 items are purchase

d.

d. a 2% discount for amounts paid within 10 days of the invoice and the remaining balance due within

30 days

5. Which statement regarding the inventory turnover ratio is Not True? ( )

a.The ratio measures the average rate of speed inventories move through and out of company.

b.Inventory turnover=Average Inventory COGS

c.Inventory turnover figures vary considerably from industry to industry.

d. A low inventory turnover can result from an overextended inventory position or from inadequate

sales volume.

6. Which statement regarding the liabilities and owners?equity section of balance sheet is False? ( )

a.Payment of Dividend Payable eliminates both the assets and the owners? equity

b.Liabilities are debts or obligations that must be discharged in money or services in the future

c.Owners? equity is a residual claim to the remaining assets after discharge of debts.

d.Balance sheet of corporations should separate Capital Stock and Retained Earnings.

7. What is the difference between the quick and current ratio? ( )

a.The quick ratio deals with the company?s ability to pay its liabilities whereas the current ratio does

not

b.The current ratio is a more stringent(严格的) test of liquidity than the quick ratio.

c.The quick ratio excludes inventory, which the current ratio includes for calculation purposes.

d.Management primarily uses the current ratio whereas investors and analysts are the primary users

of the quick ratio.

8. What of the following is Not an example of apportionment of recorded costs? ( )

a.Depreciation of fixed assets

b.Reallocation of receipts in advance.

c.Expiration of insurance premium.

d.Consume of supplies.

9. For its most recent year, a corporation had beginning and ending accounts receivable balances of $50,000 and $60,000, respectively. The year's sales on account were $800,000. What was the amount of cash received from customers during the year? ( )

a.$790,000

b.$820,000

c.$810,000

d.$800,000

10. Sales revenue $200,000, beginning inventory $30,000, inventory purchased $100,000 and inventory sold $90,000. It is true that ( )

a.goods available for sale (GAFS) equals $200,000

b.gross profit equals $110,000

c.ending inventory equals $30,000

d.cost of goods sold (COGS) equals $40,000

11. Users of financial information may be classified as internal or external. Which following statement is true regarding financial information users? ( )

a.External users evaluate the performance of a company's management using management

accounting reports.

b.Financial accounting provides information to managers and external users, such as potential

investors.

c.Many laws require managerial accounting reports be reported to various levels of the government.

d.Management accounting provides information to managers and external users, such as potential

investors.

12. What does the term …net realizable value? mean regarding Accounts Receivable? ( )

https://www.sodocs.net/doc/4515367514.html, realizable value is the balance in the Accounts Receivable account as of a given date.

https://www.sodocs.net/doc/4515367514.html, realizable value is what a company?s Accounts Receivable accounts will bring if they are sold

to a third party.

c.Accounts Receivable less Allowance for Uncollectible Accounts will equal the net realizable value

of Accounts Receivable

https://www.sodocs.net/doc/4515367514.html, realizable value is the balance in the Allowance for Uncollectible Accounts as of a given dat

e.

13. Which of the following statements about a trail balance is incorrect? ( )

a.It?s primary purpose is to prove the mathematical equality of debits and credits after posting

b.It uncovers certain errors in the journalizing and posting

c.It is useful in the preparation of financial statements

d.It proves that all transactions have been recorded.

14. In the closing process all of the revenues and expenses account balances are transferred to the ( )

a.capital account

b.income summary account

c.retained earnings account

d.dividends account

15. The post-closing trial balance consists only of ( )

a.Asset and liability accounts

b.temporary accounts

c.revenue and expense accounts

d.permanent accounts

16. Which of the following statements is True? ( D )

a.The credit side of an account implies something favorable.

b.For a given account, total debits must always equal total credits.

c.Transactions are initially recorded in a ledger account

d.Journalizing means entering the economic effect of each transaction in a journal in chronological

order under the double-entry system.

17. Financial statements can be prepared from ( B )

a.the trial balance

b.the adjusted trial balance

c.the journal

18. Which of the following statements is False? ( A )

a.After a bank reconciliation has been completed, the company must make journal entries to adjust

for all outstanding checks.

b. A bank reconciliation for the moth of September will begin with “balance per book” and “balance

per bank statement” at September 30.

c. A check that is outstanding for two consecutive months should be included in both months? bank

reconciliations.

d. A credit memorandum on a bank statement indicates an addition to the bank balanc

e.

19. V oucher Register is ( B )

a. A record of vouchers that have been paid

b.The journal that contains a record of each approved voucher

c. A list of debts

d. A document that authorizes payment.

20. Estimated bad debts as presented on the income statement is ( C )

a.Allowance for uncollectible accounts

b.Credit

c.Uncollectible accounts expense

d.Revenue

21. The GAAP assets that an item should be included in a financial statement if its omission or misstatement would tend to mislead the users of financial statements is known as ( C )

a.the cost-benefit criterion

b.the going concern convention

c.the materiality convention

d.reliability

22. Accounts receivable, notes receivable, and interest receivable are all classified as __________ on the balance sheet. ( A )

a.assets

b.liabilities

c.owners' equity

d.receivables

23. Which book or document is a list of all accounts and their balances? (B)

a.the journal

b.the trial balance

d.the chart of accounts

二、多项选择题

1. Three major fields of accounting activity are: ( )

a.social accounting

b.private accounting

c.public accounting

https://www.sodocs.net/doc/4515367514.html,ernmental accounting

2. The three forms of business organizations are: ( )

a.Corporation

b.Enterprise.

c.Single proprietorship

d.Partnership

3. Specialized fields of accounting include: ( )

a.cost accounting

b.tax accounting

https://www.sodocs.net/doc/4515367514.html,ernmental and not-for-profit accounting

d.HR accounting

e.international accounting

4. The interested users of financial information include: ( )

a.Banks and other creditors

b.Managers

c.Stockholders

d.Investment advisors

https://www.sodocs.net/doc/4515367514.html,ernmental agencies

5. Long-term assets can be further classified into: ( )

a.long-term investments

b.fixed assets

c.intangible assets.

d.capital stock

6. The necessary data for preparing the balance sheet and income statement are accumulated in major categories of ledger accounts including: ( )

a.assets accounts

b.liabilities accounts

c.owners? equity accounts

d.revenues accounts

e.expenses accounts

7. Adjusting entries made to align revenue and expense with the appropriate periods consist of: ( )

a.Apportioning recorded cost to periods benefited.

b.Apportioning recorded revenue to periods in which it is earned

c.Accruing unrecorded expenses

d.Accruing unrecorded revenue

e.Merchandise inventory adjustment

8. Assume ending inventory is overstated because some inventory is accidentally counted twice. Which of the statements below regarding this situation is true? ( )

https://www.sodocs.net/doc/4515367514.html, income for this accounting period will be overstated.

b.COGS for this accounting period will be overstated

https://www.sodocs.net/doc/4515367514.html, income in the next accounting period will be understate

d.

d.Ending Retained Earnings in the next accounting period will be correct.

9. Which statement below regarding "closing procedures" is correct? ( )

a.Closing procedures only apply to temporary accounts.

b.Closing the books means to prepare the accounts for next period's transactions.

c.The closing process only applies to permanent accounts.

d.Eventually closing entries transfer temporary account balances to Retained Earnings.

三、判断题

1.The normal balance of an account appears on the side for recording increases ( )

2.It is customary to include any amounts received from customers but has not yet earned as revenue in

current liability. ( )

3.Financial position of an organization can best be determined by referring to the income statement.

( )

4.Managerial accounting is governed by GAAP. ( )

5.Current assets are presented in the order of liquidity or convertibility into cash; while current liabilities

are listed in the order that they come due. ( )

6.Closing procedures only apply to permanent accounts. ( )

https://www.sodocs.net/doc/4515367514.html, income or net loss in the income statement is reflected in the owners? equity section on the balance

sheet at the end of the accounting period. ( )

8.Retained earning represents exactly what the term implies: that portion of net income the company has

retained. ( )

9.Business firms whose accounting year ends on December 31 are said to be on a calendar-year basis.

( )

10.The income statement subtracts assets from revenues to determine income or loss for a period time.

( )

11.Posting transfers journal entries to ledger accounts. ( )

12.When interim financial statement are being prepared, usually adjustments are made only on the

worksheet and will not be recorded in the journal and posted to the ledger account.. ( )

13.In order to permit normal recording of subsequent payments or receipts, it is desirable to make

reversing entries at the end of the accounting period. ( )

14.The entry to write off a specific uncollectible account has no effect on net realizable Account

Receivable account. ( )

15.In the case of corporation, the Income Summary account will be closed to the Retained Earnings

account, which is kept separately from the Capital Stock account. ( )

16.COGS =Beginning inventory－Net purchase－Ending inventory ( )

17.In order to permit normal recording of subsequent payment or receipts, it is desirable to make

reversing entries at the beginning of next accounting period. ( )

18.The entry to write off a specific uncollectible account has no effect on net income and on total assets.

( )

19.The terms debit and credit are used to describe the right-hand and left hand sides of any “two-column”

account. ( )

20.Business firms whose accounting year ends on December 31 are said to be on a fiscal year basis.

( )

21.All adjusting entries will affect one balance sheet account and one income statement account. ( )

22.Expense accounts are closed by debiting each expense account and crediting Retained Earnings ( )

23.Closing entries produce a zero balance in revenue accounts, asset accounts and dividend accounts.

( )

24.The adjusted trial balance contains all of the data needed for preparation of the income statement,

retained earnings statement and the balance sheet. ( )

25.The balance sheet presents a company?s assets, liabilities and stockholders equity at a specific point in

time. ( )

26.Posting transfers ledger transaction data to journal. ( )

27.The presentation of the owners? equity section is same for three types of business organization. ( )

四、业务题

1.The night manager of Majestic Limousine Service, who had no accounting background, prepared the following balance sheet for the company at February 28, 2001. The dollar amounts were taken directly from the company?s accounting records and are correct. However, the balance sheet contains a number of errors in its headings, format, and the classification of assets, liabilities, and owner?s equity.

Prepare a corrected balance sheet. Include a proper heading.

2.An inexperienced accountant for Fowler Company prepared the following income statement for the month of August 2001:

Prepare a revised income statement in accordance with generally accepted accounting principles.

3.The following accounts show the first six transactions of the Gutierez. Construction Company. Prepare

a journal entry (including written explanation) for each transaction.

Cash Vehicles

4.Louis Dixon, a dentist, begin his own dental practice. The practice was organized as a sole proprietorship. The business transactions during September are listed below.

Sept. 1 Dixon opened a bank account in the name of the business by depositing $50,000 cash., which he had saved over a number of years.

Sept.10 Purchased a small office building for a total price of $182,400, of which $106,000 was applicable to the land and $76,400 to the building. A cash payment of $36,500 was made and a note payable was issued for the balance of the purchase price.

Sept 15 Purchased a microcomputer system from Computer Stores, inc. for $4,680 cash.

Sept.19 Purchased office furnishings, at a cost of $5,760. A cash down payment of $960 was made, the balance to be paid in future.

Instruction

prepare journal entries to record the above transactions. Select the appropriate account titles from the following chart of accounts:

cash；office furnishings；notes payable；accounts receivable；land；

accounts payable；building；Louis Dixon, Capital；Computer System

《专业英语习题》参考答案

一、单项选择题

1.d

2.b

3.d

4.d

5.b

6.a

7.c

8.b

9.a 10.b

11.b 12.c 13.d 14.b 15.d

二、多项选择题

1.bcd

2.acd

3.abcde

4.abcde

5.abc

6.abcde

7.abcde

8.acd

9.abd

三、判断题

1.T

2.T

3.F

4.F

5.T

6.F

7.T

8.T

9.T 10.F 11.T 12.T 13.F 14. T 15.T 16.F 17.T 18.T 19.T 20.F 21.F 22.F 23.F 24.T 25.T 26.F 27.F

四、业务题

1.

2.

3. Answer:

4. Answers:

Sept. 1 Dr. cash 50,000

Cr.Louis Dixon, capital 50,000 Sept.10 Dr. Land 106,000

Building 76,400

Cr. Cash 36,500

Note payable 145,900 Sept 15 Dr. computer system 4,680

Cr. Cash 4,680 Sept.19 Dr. Office furnishing 5,760

Cr. Cash 960

Accounts payable 4,800

12

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财务会计英语 练习及答案ch10

CHAPTER 10 FIXED ASSETS AND INTANGIBLE ASSETS

Chapter 10—Fixed Assets and Intangible Assets Chapter 10—Fixed Assets and Intangible Assets TRUE/FALSE 1. Long-lived assets that are intangible in nature, used in the operations of the business, and not held for sale in the ordinary course of business are called fixed assets. ANS: F DIF: 1 OBJ: 01 2. The acquisition costs of property, plant, and equipment should include all normal, reasonable and necessary costs to get the asset in place and ready for use. ANS: T DIF: 1 OBJ: 01 3. When land is purchased to construct a new building, the cost of removing any structures on the land should be charged to the building account. ANS: F DIF: 2 OBJ: 01 4. Land acquired as a speculation is reported under Investments on the balance sheet. ANS: T DIF: 1 OBJ: 01 5. To a major resort, timeshare properties would be classified as property, plant and equipment. ANS: T DIF: 2 OBJ: 01 6. Standby equipment held for use in the event of a breakdown of regular equipment is reported as property, plant, and equipment on the balance sheet. ANS: T DIF: 2 OBJ: 01 7. The cost of repairing damage to a machine during installation is debited to a fixed asset account. ANS: F DIF: 1 OBJ: 01 8. During construction of a building, the cost of interest on a construction loan should be charged to an expense account. ANS: F DIF: 2 OBJ: 01 9. The cost of computer equipment does not include the consultant's fee to supervise installation of the equipment. ANS: F DIF: 1 OBJ: 01 237

会计英语试题及答案

精品文档 会计英语试题及答案 会计专业英语是会计专业人员职业发展的必要工具。学 习会计专业英语就是学习如何借助英语解决与完成会计实务中涉外的专业性问题和任务。以下为你收集了会计英语练习题及答案，希望给你带来一些参考的作用。 一、单选题 1. Which of the following statements about accounting concepts or assumptions are correct? 1) The money measurement assumption is that items in accounts are initially measured at their historical cost. 2) In order to achieve comparability it may sometimes be necessary to override the prudence concept. 3) To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed. 4) To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 2. Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit 2016 全新精品资料-全新公文范文-全程指导写作–独家

考研会计专业英语试题

考研会计专业英语试题 1.Give a brief explanation for the following terms(10%） (1)Journal entry (2)Going concern (3)Matching principle (4)Working capital (5)Revenue expenditure 2.Please read the following passage carefully and fill in each of the 11 blanks with a word most appropriate to the content (10%） (1)The double-entry system of accounting takes its name from the fact that every business transaction is recorded by (____)types of entries： 1： (_____)entries to one or more accounts and 2credit entries to one or more accounts. In recording any transaction,the total dollar amount of the (______)entries must (_____)the total dollar amount of credit entries. (2)Often a transaction affects revenues or expenses of two or more different periods,in these cases，an (_____)entries are needed to (_____)to each period the appropriate amounts of revenues and expenses. These entries are performed at the (_____)of each accounting period but (_____)to preparing the financial statements. (3)Marketable securities are highly (_____)investments,primarily in share stocks and bounds，(____)can be sold (_____)quoted market prices in organized securities exchanges. 3.Translate the following Chinese statements into English (18%） (1)财务报表反映一个企业的财务状况和经营成果，是根据公认会计准则编制的。这些报表是为许多不同的决策者，许多不同的目的而提供的。 纳税申报单则反映应税收益的计算，是由税法和税则规定的概念。在许多情况下，税法和公认会计准则相似，但两者却存在实质上的不同。 (2)审计师不保证财务报表的准确性，他们仅就财务报表的公允性发表专家意见。然而注册会计师事务所的声誉来自于他们对审计工作的一丝不苟和审计报告的可靠性。

会计英语试卷A

For personal use only in study and research; not for commercial use 袀试卷编号：XXXXXXXXXX （ A ） 肇江西外语外贸职业学院 螃2012年6月会计英语课程考试试卷 芅适用班级：08中招会计（1）班出卷系部：英语考试形式: 闭卷、 二、节Translate the following words into Chinese每题 1 分，共10 分） 蒈1 sole proprietorship 2 in come tax retur ns 蒄3 bala nee sheet 4 own ers'quity 羂5 debit bala nee 6 trial bala nee 莀7 inven tory 8 eash equivale nts 袇9 tan gible pla nt assets 10 reta ined earnings 芄二、Translate the following words into English每题1 分，共10 分）肃1 现金股利 2 个人所得税 葿3 残值 4 杂项费用 芆5 贷方分录 6 普通日记账 羄7 调整分录8 应收票据 膅9 合伙企业10 资产 袁三、choose the best answe每题 3 分，共45 分）

螆1 If a journal entry increases an expense account, the other part of the entry might ______ . 螅A in crease an asset acco unt B decrease the own er's equity acco unt 羂C decrease a liability acco unt D in crease a liability acco unt 罿2 Wang, Li and Lin are partners and each has a capital account of 90000yuan. Wang sells her interest to Chen for 125000yuan, the payment going to Wang personally. Chen is accepted as a partner by Li and Lin. Recording this transaction would: _______ 葿A cause no cha nge in the capital acco unts of Li and Lin 蒅B require the goodwill to be recog ni zed in the acco unts of the partn ership 羃C cause Chen to acquire a capital acco unt of 125000 Yuan. 莂D cause an in crease in the capital acco unts of Li and Lin 衿3 Which is the disadvantage of the corporation? _______ 芆A separate legal en tity B double taxati on 螁C no personal liability D professional management 蒀4. The purchase of office supplies on account will ______ 芈A. increase an asset and the owner ' s equity. 羆B. increase one asset and decrease another asset 袂C. increase an asset and liability 蕿D. increase an asset and decrease a liability 蚇5. A business has cash 40000,supplies 5000,account receivables 85000,inventory 10000 and liabilities of $60000. How much is its owner ' s equity? ________ 蚆A. $80000 B. $0 C.$20000 D.$140000 袄6. A transaction caused a $10000 decrease in both total assets and liabilities. This transaction could have been ________