会计专业英语模拟题开卷.docx

会计专业英语模拟题开卷.docx

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会计专业英语模拟题开卷

《会计专业英语》模拟题（补）

1．CompletethetranslationbetweenChineseandEnglish:

（1）salvagevalue

（2）depreciation

（3）ratioanalysis

（4）所有者权益

（5）fiscalyear

（6）uncollectibleaccounts

（7）doubleentrysystem

（8）pettycash

（9）流动资产

（10）grossprofit

（11）firstinfirstout

（12）资产负债表

（13）common-sizeanalysis

（14）corporations

（15）经济业务

（16）short-termdebt-payingability

2．Labelthefollowingaccountsasasset（A）,liability（L）,owner’sequity（OE）,revenues（R）orexpense（E）

（1）OfficeSupplies

（2）ProfessionalFees

（3）PrepaidInsurance

（4）Salaryexpense

（5）AccountsPayable

（6）ServiceIncome

（7）R.L.Osborn,Capital

（8）RentExpense

（9）AccountsReceivable

（10）Notespayable

3.Answerthequestionrelatedtothetopicoftheconversation

WhyIsn’tTheAccountingAMirrorofWhatHappened?

John:

Leanne,canyouexplainwhat’sgoingonherewiththesemonthlystatements?

Leanne:

Sure,John.HowcanIhelpyou?

John:

Idon’tunderstandthislast–in,first–outinventoryprocedure.Itjustdoesn’tmakesense.

Leanne:

Well,whatitmeansisthatweassumethatthelastgoodswereceivearethefirstonessold.Sotheinventoryismadeupoftheitemswepurchasedfirst.

John:

Yes,butthat’smyproblem.Itdoesn’tworkthatway!

Wealwaysdistributetheoldestproducefirst.Someofthatproduceisperishable!

Wecan’tkeepanyofitverylongorit’llspoil.

Leanne:

John,youdon’tunderstand.Weonlyassumethattheproductswedistributearethelastonesreceived.Wedon’tactuallyhavetodistributethegoodsinthisway.

John:

Ialwaysthoughtthataccountingwassupposedtoshowwhatreallyhappened.Itallsoundslike“makebelieve”tome!

Whynotreportwhatreallyhappens?

Question:

HowwouldyourespondtoJohnifyouwereLeanne?

4.CaseyElectronics’endinginventoryconsistsof182ModelM43CDplayersacquiredthroughvariouspurchases,asfollows:

SpecificPurchaseNumberofUnitsCostperUnitTotalCost

Beginninginventory34$270$9180

Firstpurchase6028216,920

Secondpurchase25629876,288

Thirdpurchase16431251,168

Totalunitsavailable514$153,556

Ofthe514unitsavailableforsale,182unitsarestillonhandand332havebeensold.

Undertheperiodicinventorysystem,IfCaseyElectronicschoosesLIFOmethod,howshoulditcalculatethecostofthe182CDplayersonhand?

5.Youaregiventhefollowingbalancesheetandincomestatementfor2002and2003:

TableABalanceSheetfor2002and2003

（allvaluesinthousandsofdollars）

20022003

_______________________________________________________________

Assets

Cash200300

Marketablesecurities300200

Receivables.8001,000

Inventory1,2001,000

Fixedassets3,3003,700

Totalassets.5,8006,200

Liabilitiesandcommonequity

Accountspayable300200

Notespayable200300

Othercurrentliabilities1,000800

Long-termdebt1,0001,200

Commonequity.3,3003,700

Totalliabilitiesandcommonequity5,8006,200

TableBIncomeStatementfor2003

__________________________________________________

Sales$1,000,000

Operatingandothercosts-700,000

EBIT.300,000

Interest.-100,000

Profitsbeforetaxes200,000

Taxat40%rate-80,000

Profitsaftertaxes120,000

____________________________________________________

Calculatethefollowingratiosfor2002:

（1）thecurrentratio

（2）thedebttoequityratio

（3）thequickratio

6．TranslatethefollowingsintoChinese

Thereareseveralspecializedfieldsofaccountinginpractice.Thetwomostcommonarefinancialaccountingandmanagementaccounting.Otherfieldsincludecostaccounting,environmentalaccounting,taxaccounting,internationalaccounting,not-for-profitaccounting,andsocialaccounting.

7．ChoosethebestanswerfromA,B,C,Dtocompletethesentenceortoanswerthequestion:

（1）Whichoftheseis（are）anexampleofanassetaccount?

____.

A.ServiceRevenue

B.Withdrawals

C.Supplies

D.Alloftheabove

（2）Whichofthefollowingisnotaffectedbytheinventoryvaluationmethodusedbyabusiness?

_____.

A.Amountsowedforincometaxes

B.Costofmerchandisesold

C.Amountspaidtoacquiremerchandise

D.Netincomeofthebusiness

（3）AftinCo.performsservicesonaccount,whenAftincollectstheaccountreceivable____.

A.assetsincrease

B.assetsdonotchange

C.owner’sequitydecreases

D.liabilitiesdecrease

8．CaseyElectronics’endinginventoryconsistsof182ModelM43CDplayersacquiredthroughvariouspurchases,asfollows:

SpecificPurchase

NumberofUnits

CostperUnit

TotalCost

Beginninginventory

34

$270

$9180

Firstpurchase

60

282

16,920

Secondpurchase

256

298

76,288

Thirdpurchase

164

312

51,168

Totalunitsavailable

514

$153,556

Ofthe514unitsavailableforsale,182unitsarestillonhandand332havebeensold.

Undertheperiodicinventorysystem,IfCaseyElectronicscho