会计专业英语模拟试题及答案013840Word下载.docx

会计专业英语模拟试题及答案013840Word下载.docx

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Johnnyhadreceivablesof$5500atthestartof2010.Duringtheyearto31Dec2010hemakescreditsalesof$55000andreceivescashof$46500fromcreditcustomers.

Whatisthebalanceontheaccountsreceivablesat31Dec2010?

$8500Dr

$8500Cr

$14000Dr$14000CrShoulddividendspaidappearonthefaceofacompany'

scashflowstatement?

Yes

No

Notsure

Either

Whichofthefollowinginventoryvaluationmethodsislikelytoleadtothehighestfigureforclosinginventoryatatimewhenpricesaredropping?

WeightedAveragecost

Firstinfirstout（FIFO）

Lastinfirstout（LIFO）

Unitcost

5.Whichoffollowingitemsmayappearasnon-currentassetsinacompany'

sthestatementof

financialposition?

（1）plant,equipment,andproperty

（2）companycar

（3）?

4000cash

（4）?

1000cheque

A.

（1）,（3）

B.

（1）,

（2）

C.

（2）,（3）

D.

（2）,（4）

6.

sbalancesh

Whichofthefollowingitemsmayappearascurrentliabilitiesinacompany

（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$1,026,480

WhichTWOofthefollowingpossibleerrorscould,whencorrected,causethetrialbalancetoagree?

1.Aniteminthecashbook$6,160forpaymentofrenthasnotbeenenteredintherentpayableaccount.

2.Thebalanceonthemotorexpensesaccount$27,680hasincorrectlybeenlistedinthetrialbalanceasacredit.

3.$6,160proceedsofsaleofamotorvehiclehasbeenpostedtothedebitofmotorvehiclesassetaccount.

4.Thebalanceof$21,520ontherentreceivableaccounthasbeenomittedfromthetrialbalance.

A1and2B2and3

C2and4

D3and4

8.Thetapreparesitsfinancialstatementsfortheyearto30Aprileachyear.Thecompanypaysrentforitspremisesquarterlyinadvanceon1January,1April,1Julyand1Octobereachyear.

Theannualrentwas$84,000peryearuntil30June2010.Itwasincreasedfromthatdateto$96,000peryear.Whatrentexpenseandendofyearprepaymentshouldbeincludedinthefinancialstatementsfortheyearended30April2010?

Expense

Prepayment

A

$93,000

$8,000

B

$16,000

C

$94,000

D

9.At30September2010,thefollowingbalancesexistedintherecordsofLambda:

Plantandequipment:

$860,000

Depreciationforplantandequipment:

$397,000

Duringtheyearended30September2010,plantwithawrittendownvalueof$37,000wassoldfor$49,000.Theplanthadoriginallycost$80,000.Plantpurchasedduringtheyearcost$180,000.

Itisthecompany.spolicytochargeafullyeardepreciationintheyearofacquisitionofanassetandnoneintheyearofsale,usingarateof10%onthestraightlinebasis.WhatnetamountshouldappearinLambda.sbalancesheetat30September2010forplantandequipment?

A$563,000

B$467,000

C$510,000

D$606,000

10.Acompany'

splantandmachineryledgeraccountfortheyearended30September2010wasasfollows:

Plantandmachinery–cost

2009$

2010$

1Octoberbalanceb/f381200

1JuneDisposal36000

1Deccash18000

30Septbalancec/f363200

399200

30Septbalanceb/f363200

Thecompany'

spolicyitsochargedepreciationat20%peryearonthestraightlinebasis,withproportionatedepreciationinyearsofpurchaseanddisposal.Whatisthedepreciationchargefortheyearended30September2010?

A$74,440

B$84,040

C$72,640

D$76,840

11.Listedbelowaresomecharacteristicsoffinancialinformation.

（1）True

（2）Prudence

（3）Completeness

（4）CorrectWhichofthesecharacteristicscontributetoreliability?

A

（1）,（3）and（4）only

B

（1）,

（2）and（4）only

C

（1）,

（2）and（3）onlyD

（2）,（3）and（4）only

12.Theplantandmachinerycostaccountofacompanyisshownbelow.Thecompany

tochargedepreciationat20%onthestraightlinebasis,withproportionatedepreciationinyearsofacquisitionanddisposal.

spolicyi

1Janbalanceb/f280000

30Junedisposal14000

1Aprcash48000

1Septcash

36000

31Decbalancec/f350000

Balanceb/f

364000

350000

What