会计专业英语试题.docx
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会计专业英语试题
（SAUBWRE）SWRKBRSE—,Bum（emi,#204）
|.Whichofthefollowingstatementsaboutaccountingconceptsorassumptionsarecorrect?
|）Themoneymeasurementassumptionisthatitemsinaccountsareinitiallymeasuredattheirhistoricalcost.
2）Inordertoachievecomparabilityitmaysometimesbenecessarytooverride
theprudenceconcept.
3）Tofacilitatecomparisonsbetweendifferententitiesitishelpfulifaccounting
policiesandchangesinthemaredisclosed.
4）Tocomplywiththelaw,thelegalformofatransactionmustalwaysbereflected
infinancialstatements.
A|and3
B1and4
C3only
D2and3
2.Johnnyhadreceivablesof$5500atthestartof2010.Duringtheyearto31Dec
2010hemakescreditsalesof$55000andreceivescashof$46500fromcreditcustomers.
Whatisthebalanceontheaccountsreceivablesat31Dec2010?
$8500Dr
$8500Cr
$14000Dr
$14000Cr
IAW>
Shoulddividendspaidappearonthefaceofacompany’scashflowstatement?
YesNo
Notsure
Either
CADP
=
Whichofthefollowinginventoryvaluationmethodsislikelytoleadtothehighestfigureforclosinginventoryatatimewhenpricesaredropping?
WeightedAveragecost
Firstinfirstout（FIFO）
Lastinfirstout（LIFO）
Unitcost
IAw>
5.Whichoffollowingitemsmayappearasnon-currentassetsinacompany’sthe
statementoffinancialposition?
（1）plant,equipment,andproperty
（2）companycar
（3）€4000cash
（4）€1000cheque
A.
（1）,（3）
B.
（1）,
（2）
C.
（2）,（3）
D.
（2）,（4）
6.Whichofthefollowingitemsmayappearascurrentliabilitiesinacompany’s
balancesheet?
（1）investmentinsubsidiary
（2）Loanmaturedwithinoneyear.
（3）incometaxaccrueduntillyearend.
（4）Preferencedividendaccrued
A
（1）,
（2）and（3）
B
（1）,
（2）and（4）
C
（1）,（3）and（4）
D
（2）,（3）and（4）
7.ThetrialbalancetotalsofGammaat30September2010are:
Debit$992,640
Credit$1,026,480WhichTWOofthefollowingpossibleerrorscould,whencorrected,causethetrialbalancetoagree?
1.Aniteminthecashbook$6,160forpaymentofrenthasnotbeenenteredintherentpayableaccount.2.Thebalanceonthemotorexpensesaccount$27,680hasincorrectlybeenlistedinthetrialbalanceasacredit.3.$6,160proceedsofsaleofamotorvehiclehasbeenpostedtothedebit
ofmotorvehiclesassetaccount.4.Thebalanceof$21,520ontherentreceivableaccounthasbeenomittedfromthetrialbalance.A|and2B2and3C2and4D3and4
8.Thetapreparesitsfinancialstatementsfortheyearto30Aprileachyear.The
companypaysrentforitspremisesquarterlyinadvanceon|January,|April,|Julyand1Octobereachyear.Theannualrentwas$84,000peryearuntil30June2010.Itwasincreasedfromthatdateto$96,000peryear.Whatrent
expenseandendofyearprepaymentshouldbeincludedinthefinancial
statementsfortheyearended30April2010?
ExpensePrepaymentA$93,000$8,000B$93,000$16,000C$94,000$8,000D$94,000$16,0009.At30September2010,thefollowingbalancesexistedintherecordsofLambda:
Plantandequipment:
$860,000
Depreciationforplantandequipment:
$397,000Duringtheyearended30September2010,plantwithawrittendownvalueof$37,000wassoldfor$49,000.Theplanthadoriginallycost$80,000.Plantpurchasedduringtheyearcost$180,000.Itisthecompany.spolicytochargeafullyeardepreciationintheyearofacquisitionofanassetandnoneintheyearofsale,usingarateof10%onthestraightlinebasis.WhatnetamountshouldappearinLambda.sbalancesheetat30September2010forplantandequipment?
A$563,000B$467,000C$510,000D$606,000
10.Acompany’splantandmachineryledgeraccountfortheyearended30
September2010
wasasfollows:
Plantandmachinery—cost
2009$2010$
Octoberbalanceb/f381200|JuneDisposal36000
|Deccash1800030Septbalancec/f363200399200399200
30Septbalanceb/f363200
Thecompany’spolicyistochargedepreciationat20%peryearonthestraightlinebasis,withproportionatedepreciationinyearsofpurchaseanddisposal.Whatisthedepreciationchargefortheyearended30September2010?
A$74,440
B$84,040
C$72,640
D$76,840
11.Listedbelowaresomecharacteristicsoffinancialinformation.
（1）True
（2）Prudence
（3）Completeness
（4）Correct
Whichofthesecharacteristicscontributetoreliability?
A
（1）,（3）and（4）only
B
（1）,
（2）and（4）only
C
（1）,
（2）and（3）only
D
（2）,（3）and（4）only
12.Theplantandmachinerycostaccountofacompanyisshownbelow.The
company’spolicyistochargedepreciationat20%onthestraightlinebasis,
withproportionatedepreciationinyearsofacquisitionanddisposal.Plantandmachinery—cost
200952009$
Janbalanceb/f28000030Junedisposal14000
|Aprcash48000
[Septcash3600031Decbalancec/f350000364000364000
Balanceb/t350000
Whatshouldbethedepreciationchargefortheyearended31December2009?
A.$67,000
B.$64,200
C.$70,000
D.$68,600
13.Inpreparingitsfinancialstatementsforthecurrentyear,acompany’sclosing
inventorywasunderstatedby$300,000.Whatwillbetheeffectofthiserrorifitremainsuncorrected?
AThecurrentyear’sprofitwillbeoverstatedandnextyear’sprofitwillbeunderstated
BThecurrentyear’sprofitwillbeunderstatedbuttherewillbenoeffectonnextyear’sprofit
CThecurrentyear’sprofitwillbeunderstatedandnextyear’sprofitwillbeoverstated
DThecurrentyear’sprofitwillbeoverstatedbuttherewillbenoeffectonnextyear’sprofit.
14.Inpreparingacompany’scashflowstatement,which,ifany,ofthefollowing
itemscouldformpartofthecalculationofcashflowfromfinancingactivities?
（1）Proceedsofsaleofpremises
（2）Dividendsreceived
（3）Issueofshares
AIonly
B2only
C3only
DNoneofthem.
15,At31March2009acompanyhadoilinhandtobeusedforheatingcosting$8,200andanunpaidheatingoilbillfor$3,600.At31March2010theheatingoilinhandwas$9,300andtherewasanoutstandingheatingoilbillof$3,200.Paymentsmadeforheatingoilduringtheyearended31March2010totalled$34,600.Basedonthesefigures,whatamountshouldappearinthecompany’sincomestatementforheatingoilfortheyear?
A$23,900
B$36,100
C$45,300
D$33,100
16.IntimesofinflationIntimesofrisingprices,whateffectdoestheuseofthe
historicalcostconcepthaveonacompany’sassetvaluesandprofit?
A.Asset
valuesandprofitbothundervaluedB.AssetvaluesandprofitbothovervaluedC.
AssetvaluesundervaluedandprofitovervaluedD.Assetvaluesovervaluedandprofitundervalued
17.Betapurchasedsomeplantandequipmenton01/07/2010for$60,000.The
estimatedresidualvalueoftheplantin10yearstimeisestimatedtobe$6,000.
Beta’spolicyistochargedepreciationonthestraightlinebasis,witha
proportionatechargeintheperiodofacquisition.WhatshouldthedepreciationchargefortheplantbeinBeta’saccounting
periodof18monthsto30/09/2010?
A.$5400
B.$900
C.$1350
D.$675
18.Acompany’sincomestatementfortheyearended31December2005showeda
netprofitof$83,600.Itwaslaterfoundthat$18,000paidforthepurchaseofamotorvanhadbeendebitedtothemotorexpensesaccount.Itisthecompany’spolicytodepreciatemotorvansat25percentperyearonthestraightline
basis,withafullyear’schargeintheyearofacquisition.Whatwouldthenet
profitbeafteradjustingforthiserror?
A.$97,100
B.$70,100
C.$106,100
D.$101,600
19.Whichofthefollowingstatementsarecorrect?
（1）tobeprudent,companychargedepreciationannuallyonthefixedasset
（2）substanceoverformmeansthatthecommercialeffectofatransactionmust
alwaysbeshowninthefinancialstatementsevenifthisdiffersfromlegalform（3）inordertoachievethecomparable,itemsshouldbetreatedinthesameway
yearonyearA.2and3only
B.Allofthem
C.|and2only
D.3only
20.whichofthefollowingaboutaccrualsconceptarecorrect?
（1）allfinancialstatementsarebasedontheaccrualsconcept
（2）theunderlyingtheoryofaccrualsconceptandmatchingconceptaresame
（3）accrualsconceptdealswithanyfigurethatincurredintheperiodirrelevant
withit’spaidornot
A.2and3only
B.Allofthem
C.|and2only
D.3only—.BRB30>）1,PIRRAM（E24,2#10）
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1.ABCgroupthestatementoffinancialpositionasat31/Dec/2010
€
Non-currentassetsIntangibleassetsProperty,plantandequipmentInvestmentinassociatesHeld-for-maturityinvestment
osoe
DeferredincometaxassetsCurrentAssets
Tradeandotherreceivables
10.Derivativefinancialinstruments
ieeeee
11.Cashandcashequivalents
12.Assetsofdiscontinuedoperation
13.Assetsintotal
14.CurrentLiabilities
15.Accruedpayroll
16.Accrueddividend
17.Accruedaccounts
18.Non-currentLiabilities
19.Liabilitiesintotal
20.NetAssets
=,Bikza£30）Researchanddevelopment（R&D）AccountingtreatmentofR&DUnderInternationalAccountingStandardstheaccountingforR&DisdealtwithunderIAS38,IntangibleAssets.[AS38statesthatanintangibleassetistoberecognisedif,andonlyif,thefollowingcriteriaaremet:
itisprobablethatfutureeconomicbenefitsfromtheassetwillflowtotheentity,thecostoftheassetcanbereliablymeasured.Theaboverecognitioncriterialookstraightforwardenough,butinrealityitcanprovetobeverydifficulttoassesswhetherornotthesehavebeenmet.Inordertom
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