会计英语基础指导.docx

会计英语基础指导.docx

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会计英语基础指导

选择题

（1）.Attheendoftheaccountingperiod,accountsreceivablehasabalanceof$200,000andallowanceforreceivablehasacreditbalanceof$2,500.Theamountofnetaccountsreceivableattheendofaccountingperiodis（B）

A.$2,500

B.$197,500

C.$8,500

D.$200,000

（2）.Thebasicpurposeofofferingcustomerscashdiscountisto（C）

A.increasesales

B.reducenetsales

C.speedupthecollectionofaccountsreceivable

D.focusmanagement’sattentionuponcustomersthatfailtotakeadvantageofallavailablecashdiscount

（3）.Ifacorporationhasoutstanding1,000sharesof$9cumulativepreferredstockof$100paranddividendshavebeenpassedfortheprecedingthreeyears,whatistheamountofpreferreddividendsthatmustbedeclaredinthecurrentyearbeforeadividendcanbedeclaredoncommonstock?

（C）

A.$9,000

B.$27,000

C.$36,000

D.$45,000

（4）.Thestockholder’sequitysectionofthebalancesheetmayinclude（D）

A.Commonstock

B.Preferredstock

C.Retainedearnings

D.Alloftheabove

（5）.Declarationandissuanceofadividendinstock（C）

A.Increasesthecurrentratio

B.Decreasetheamountofworkingcapital

C.Decreasetotalstockholder’sequity

D.Hasnoeffectontotalassets,liabilities,orstockholder’sequity

（6）.AcompanydeclaredacashdividendonitscommonstockonDec15,2004,payableonJan15,2005.Howwouldthisdividendaffectshareholder’sequityonthefollowingdates?

（B）

Dec152004Jan152005

A.DecreaseDecrease

B.NoeffectNoeffect

C.NoeffectIncrease

D.DecreaseNoeffect

（7）.Revenueinclude（D）

A.Theamountearnedfromprovidinggoodstocustomers.

B.Theamountreceivedfromborrowing.

C.Theamountearnedfromprovidingservicestocustomers.

D.BothAandC.

（8）.Anexampleofacashflowfromanoperatingactivityis（D）

A.Thereceiptofcashfromissuingstock

B.Thereceiptofcashfromissuingbonds

C.Thepaymentofcashfordividends

D.Thereceiptofcashfromcustomersonaccount

9.Thebasicpurposeofofferingcustomerscashdiscountssuchas2/10,n/30isto（）

A.Increasesales.

B.Reducenetsales.

C.Speedupthecollectionofaccountsreceivable.

D.Focusmanagement’sattentionuponcustomersthatfailtotakeadvantageofallavailablecashdiscounts.

10.Apotentialfutureliabilityarisingfromaneventthathasalreadyhappened,usuallyiscalled（B）

A.anaccruedliability.

B.acontingentliability.

C.adeferredliability.

D.anestimatedliability.

12.WhatisthenormalbalanceoftheAccountsReceivable,OfficeSupplies,andRentExpenseaccounts?

（A）

A.Debit

B.Credit

C.DebitorCredit

D.NoneoftheAbove

13.WhichPrincipleortheassumptionholdsthatthebusinesswillcontinueinoperation?

（（C）

A.ObjectivityPrinciple

B.AccountingEntityConcept

C.Going-ConcernAssumption

D.AccountingPeriodAssumption

15.OnMarch1,WrightCompanypurchasednewequipmentfor$50,000.Wrightpaidcashfortheequipment.Othercostsassociatedwiththeequipmentwere:

transportationcosts,$1,000;salestaxpaid$3,000;andinstallationcost,$2,500.Thecostrecordedfortheequipmentwas（A）

A.$56,500.B.$54,000.C.$51,000.D.$50,000.

16.Declarationandissuanceofadividendinstock（）

A.Increasesthecurrentratio

B.Decreasetheamountofworkingcapital

C.Decreasetotalstockholder’sequity

D.Hasnoeffectontotalassets,liabilities,orstockholder’sequity

17.Abusiness'sassetsare（B）

A.equaltoliabilitiesminusstockholders'equity.

B.theeconomicresourcesofthebusiness.

C.Reportedatcurrentcost.

D.Reportedontheincomestatement.

18.Attheendoftheaccountingperiod,accounts

receivablehasabalanceof$100,000andallowanceforreceivableshasabalanceof$7,000.Thenetaccountsreceivablevalueis（B）

A.$7,000

B.$93,000

C.$100,000

D.$107,000

20.Thebasicstructureofanaccountincludes（D）

A．AtitleB．Aleftside　　C．ArightsideD．Alloftheabove

21.Ifmerchandiseinventoryisbeingvaluedatcostandthepricelevelissteadilyrising,themethodofcostingthatwillyieldthehighernetincomeis（B）

A.LIFO

B.FIFO

C.Average

D.Periodic

22.Whichofthefollowingcostsshouldnotbeincludedintheinventoryvaluationofamanufacturingbusiness?

（B）

A.Depreciationontheplantandmachinery.

B.Salaryofsalesman

C.Factorysupervisor’ssalary

D.Electricityforfactory

23.Ifacompanyhasliabilitiesof$32000andowner’sequityof$51000,theassetsofthecompanyare（C）

A.$39000　B.$61000　　　C.$83000　D.$22000

24.At30April2005,Garethhasareceivablebalanceof$50,000andanallowanceforreceivableof$800.Followingareviewofreceivable,Garethwishestowriteoffanirrecoverabledebtof$1,000andadjusthisallowanceto5%ofReceivables.Whatwillbetheadjustedbalanceoftheallowanceforreceivables?

（B）

A.$1,650

B.$2,450

C.$2,500

D.$3,450

25.Anexampleofacashflowfromafinancingactivityis（C）

A.Thereceiptofcashfromcustomersonaccount

B.Thereceiptofcashfromthesaleofequipment

C.Thepaymentofcashfordividends

D.Thepaymentofcashtoacquiremarketablesecurities

26.Anexampleofacashflowfromanoperatingactivityis（）

A.Thereceiptofcashfromissuingstock

B.Thereceiptofcashfromissuingbonds

C.Thepaymentofcashfordividends

D.Thereceiptofcashfromcustomersonaccount

27．Assumingthatnetpurchasescost$250,000duringtheyearandthattheendingstockwas$4,000,Thevalueofbeginningstockis$30,000,howmuchwascostofgoodssold?

（D）

A.$280,000

B.$246,000

C.$254,000

D.$276,000

30．Themajorexpenseofamerchandisingbusinessis（A）

A．Costofgoodssold

B．Rent

C．Depreciation

D．Interest

31．Whichofthefollowingstatementsistrue?

（B）

A.Grossprofit-Costofgoodssold=Netsales

B.Netsales+Grossprofit=Costofgoodssold

C.Grossprofit=Netsales-Costofgoodssold

D.Netsales+Costofgoodssold=Grossprofit

38．Theassetsshouldberecordedatacquisitioncostinordertomeetthe

requirementofB

A．Objectivity

B．Historicalcost

C．Going-concernAssumption

D．Timeliness

39.AnaccruedexpensecanbestbedescribedasanamountD

A.Paidandcurrentlymatchedwithrevenue

　B.Paidandnitcurrentlymatchedwithrevenue

　C.Notpaidandnotcurrentlymatchedwithrevenue

D.Notpaidandcurrentlymatchedwithrevenue

42．Postingistheprocessoftransferringinformationfromthe　D　　　　

A．Journaltothetrialbalance

B．Ledgertothetrialbalance

C．Ledgertothefinancialstatements

D．Journaltotheledger

43．Acompany'strialbalancefailedtoagree,thetotalsbeing:

Debit$815,602Credit$808,420

Whichoneofthefollowingerrorscouldfullyaccountforthedifference?

　A　　　　

A.Theomissionfromthetrialbalanceofthebalanceontheinsuranceexpenseaccount$7,182debit

B.Discountallowed$3,591debitedinerrortothediscountreceivedaccount

C.Noentriesmadeintherecordsforcashsalestotalling$7,182

D.Thereturnsoutwardstotalof$3,591wasincludedinthetrialbalanceasadebitbalance

44.Ifacompanyhascurrentliabilitiesof$32000,owner’sequityof$51000,andtheassetshasatotalamountof$103000,andwhat`sthebalanceofnon-currentliabilityofthecompany　　　　　

A.$39000　B.$61000　　　C.$83000　D.$20000

45．Whichofthefollowingaccountsisanassetaccount?

　　A　　　

A．PrepaidrentB．Advertising　Expense

C．UnearnedRevenueD．Withdrawals

46.AnadjustingentrycouldcontainallofthefollowingexceptA

A.convertassettoliability

B.convertassettoexpense

C.accrualuncollectedexpense

D.convertliabilitytorevenue

47.Whichofthefollowingaccountsisaliabilitiesaccount?

（C）

A．Prepaidinsurance

B．Gasoline　Expense

C．UnearnedRevenue

D．Dividends

48.What`sthetypeofDepreciation（B）

A．liabilityaccount

B．assetaccount

C．equityaccount

D．costaccount

判定题

1.Accountingisanotherwordforbookkeeping.（F）

2.Internallygeneratedgoodwillcanbeviewedasintangible

assets.

（F）

3.Totalassetsare$70,000,totalliabilities,$40,000andcontributedcapitalis$20,000;therefore,retainedearningsare$15,000.（F）

4. Theledger（T-accounts）containsinformationwhichhasbeenpostedfromthejournal. .（T）

5.Adecisionmakerwhowantstounderstandacompany'sfinancialstatementsmustcarefullyreadthenotestothefinancialstatementsbecausethenotesprovideusefulsupplementalinformation.（T）

6.Legalandcontractualprovisionscandeterminetheusefullifeofanintangibleasset.

 （T）

7. Creditterms"2/10,n/30"meanthatifpaymentismadeintwodays,a10%discountwillbegiven;ifnotpaidwithintwodays,thefullinvoicepricewillbedueinthirtydays.

（F）

8. Patentsandtrademarksareexamplesoftangibleassets. 

（F）

9. Theappropriationofretainedearningsistoestablishacashfundforaspecificpurpose.（F）

10. Buildingandequipmentarerecordedattheircostatacquisitionandaresubsequentlyreportedatcostplusaccumulateddepreciation.F

11.Accountsreceivableisareceivablecreatedbysellingmerchandisesorprovidingserviceoncredit.（T）

12.Equipmentsuchasmachinery,furnitureandtoolsshouldbeamortized.（F）

13.Oncetheexpectedusefullifeandestimatednetresidualvaluearedetermined,theyshallnotbechangedunderanycircumstances.（F）

14.Appropriationofretainedearningshasnoeffectontotalshareholder’sequity.（F）

15.Iftheboardofdirectorsannouncesstockdividendsdistribution,thetotalstockholder’sequitywilldecrease.（F）

16.Dividendsareanexpenseofacorporationandshouldbechargedtotheperiodicincome.（