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会计专业英语模拟试题及答案汇编
《会计专业英语》模拟试题及答案
一、单选题(每题1分,共20分)
1.Whichofthefollowingstatementsaboutaccountingconceptsorassumptionsarecorrect?
1)Themoneymeasurementassumptionisthatitemsinaccountsareinitiallymeasuredattheirhistoricalcost.
2)Inordertoachievecomparabilityitmaysometimesbenecessarytooverridetheprudenceconcept.
3)Tofacilitatecomparisonsbetweendifferententitiesitishelpfulifaccountingpoliciesandchangesinthemaredisclosed.
4)Tocomplywiththelaw,thelegalformofatransactionmustalwaysbereflectedinfinancialstatements.
A1and3
B1and4
C3only
D2and3
2.Johnnyhadreceivablesof$5500atthestartof2010.Duringtheyearto31Dec2010hemakescreditsalesof$55000andreceivescashof$46500fromcreditcustomers.
Whatisthebalanceontheaccountsreceivablesat31Dec2010?
A.$8500Dr
B.$8500Cr
C.$14000Dr
D.$14000Cr
3.Shoulddividendspaidappearonthefaceofacompany’scashflowstatement?
A.Yes
B.No
C.Notsure
D.Either
4.Whichofthefollowinginventoryvaluationmethodsislikelytoleadtothehighestfigureforclosinginventoryatatimewhenpricesaredropping?
A.WeightedAveragecost
B.Firstinfirstout(FIFO)
C.Lastinfirstout(LIFO)
D.Unitcost
5.Whichoffollowingitemsmayappearasnon-currentassetsinacompany’sthestatementoffinancialposition?
(1)plant,equipment,andproperty
(2)companycar
(3)€4000cash
(4)€1000cheque
A.
(1),(3)
B.
(1),
(2)
C.
(2),(3)
D.
(2),(4)
6.Whichofthefollowingitemsmayappearascurrentliabilitiesinacompany’sbalancesheet?
(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.
A1and2
B2and3
C2and4
D3and4
8.Thetapreparesitsfinancialstatementsfortheyearto30Aprileachyear.Thecompanypaysrentforitspremisesquarterlyinadvanceon1January,1April,1Julyand1Octobereachyear.Theannualrentwas$84,000peryearuntil30June2010.Itwasincreasedfromthatdateto$96,000peryear.Whatrentexpenseandendofyearprepaymentshouldbeincludedinthefinancialstatementsfortheyearended30April2010?
ExpensePrepayment
A$93,000$8,000
B$93,000$16,000
C$94,000$8,000
D$94,000$16,000
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
399200
30Septbalanceb/f363200
Thecompany’spolicyistochargedepreciationat20%peryearonthestraightlinebasis,withproportionatedepreciationinyearsofpurchaseanddisposal.Whatisthedepreciationchargefortheyearended30September2010?
A$74,440
B$84,040
C$72,640
D$76,840
11.Listedbelowaresomecharacteristicsoffinancialinformation.
(1)True
(2)Prudence
(3)Completeness
(4)Correct
Whichofthesecharacteristicscontributetoreliability?
A
(1),(3)and(4)only
B
(1),
(2)and(4)only
C
(1),
(2)and(3)only
D
(2),(3)and(4)only
12.Theplantandmachinerycostaccountofacompanyisshownbelow.Thecompany’spolicyistochargedepreciationat20%onthestraightlinebasis,withproportionatedepreciationinyearsofacquisitionanddisposal.
Plantandmachinery–cost
2009$
2009$
1Janbalanceb/f280000
30Junedisposal14000
1Aprcash48000
1Septcash36000
31Decbalancec/f350000
364000
364000
Balanceb/f350000
Whatshouldbethedepreciationchargefortheyearended31December2009?
A.$67,000
B.$64,200
C.$70,000
D.$68,600
13.Inpreparingitsfinancialstatementsforthecurrentyear,acompany’sclosinginventorywasunderstatedby$300,000.Whatwillbetheeffectofthiserrorifitremainsuncorrected?
AThecurrentyear’sprofitwillbeoverstatedandnextyear’sprofitwillbeunderstated
BThecurrentyear’sprofitwillbeunderstatedbuttherewillbenoeffectonnextyear’sprofit
CThecurrentyear’sprofitwillbeunderstatedandnextyear’sprofitwillbeoverstated
DThecurrentyear’sprofitwillbeoverstatedbuttherewillbenoeffectonnextyear’sprofit.
14.Inpreparingacompany’scashflowstatement,which,ifany,ofthefollowingitemscouldformpartofthecalculationofcashflowfromfinancingactivities?
(1)Proceedsofsaleofpremises
(2)Dividendsreceived
(3)Issueofshares
A1only
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,whateffectdoestheuseofthehistoricalcostconcepthaveonacompany’sassetvaluesandprofit?
A.Assetvaluesandprofitbothundervalued
B.Assetvaluesandprofitbothovervalued
C.Assetvaluesundervaluedandprofitovervalued
D.Assetvaluesovervaluedandprofitundervalued
17.Betapurchasedsomeplantandequipmenton01/07/2010for$60,000.Theestimatedresidualvalueoftheplantin10yearstimeisestimatedtobe$6,000.Beta’spolicyistochargedepreciationonthestraightlinebasis,withaproportionatechargeintheperiodofacquisition.WhatshouldthedepreciationchargefortheplantbeinBeta’saccountingperiodof18monthsto30/09/2010?
A.$5400
B.$900
C.$1350
D.$675
18.Acompany’sincomestatementfortheyearended31December2005showedanetprofitof$83,600.Itwaslaterfoundthat$18,000paidforthepurchaseofamotorvanhadbeendebitedtothemotorexpensesaccount.Itisthecompany’spolicytodepreciatemotorvansat25percentperyearonthestraightlinebasis,withafullyear’schargeintheyearofacquisition.Whatwouldthenetprofitbeafteradjustingforthiserror?
A.$97,100
B.$70,100
C.$106,100
D.$101,600
19.Whichofthefollowingstatementsarecorrect?
(1)tobeprudent,companychargedepreciationannuallyonthefixedasset
(2)substanceoverformmeansthatthecommercialeffectofatransactionmustalwaysbeshowninthefinancialstatementsevenifthisdiffersfromlegalform
(3)inordertoachievethecomparable,itemsshouldbetreatedinthesamewayyearonyear
A.2and3only
B.Allofthem
C.1and2only
D.3only
20.whichofthefollowingaboutaccrualsconceptarecorrect?
(1)allfinancialstatementsarebasedontheaccrualsconcept
(2)theunderlyingtheoryofaccrualsconceptandmatchingconceptaresame
(3)accrualsconceptdealswithanyfigurethatincurredintheperiodirrelevantwithit’spaidornot
A.2and3only
B.Allofthem
C.1and2only
D.3only
二、翻译题(共30分)
1、将下列分录翻译成英文(每个2分,共10分)
1.借:
固定资产清理30000
累计折旧10000
贷:
固定资产40000
2.借:
银行存款10500
贷:
交易性金融资产10000
投资收益500
3.借:
应付职工薪酬1000
贷:
库存现金1000
4.借:
银行存款4095
贷:
其他业务收入3500
应交税费–应交增值税(销项税额)595
5.借:
应付票据40000
贷:
银行存款40000
2、将下列报表翻译成中文(每空1分,共20分)
1.ABCgroupthestatementoffinancialpositionasat31/Dec/2010
€
2.Non-currentassets
3.Intangibleassets
4.Property,plantandequipment
5.Investmentinassociates
6.Held-for-maturityinvestment
7.Deferredincometaxassets
8.CurrentAssets
9.Tradeandotherreceivables
10.Derivativefinancialinstruments
11.Cashandcashequivalents
12.Assetsofdiscontinuedoperation
13.Assetsintotal
14.CurrentLiabilities
15.Accruedpayroll
16.Accrueddividend
17.Accruedaccounts
18.Non-currentLiabilities
19.Liabilitiesintotal
20.NetAssets
三、阅读题 (共30分)
Researchanddevelopment(R&D)
AccountingtreatmentofR&D
UnderInternationalAccountingStandardstheaccountingforR&DisdealtwithunderIAS38,IntangibleAssets.IAS38statesthatanintangibleassetistoberecognisedif,andonlyif,thefollowingcriteriaaremet:
itisprobablethatfutureeconomicbenefitsfromtheassetwillflowtotheentity,thecostoftheassetcanbereliablymeasured.
Theaboverecognitioncriterialookstraightforwardenough,bu