会计专业英语练习题.docx

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会计专业英语练习题.docx

会计专业英语练习题

Chapter 2 Accounting Concepts and Principles

财务报表要素

Asset资产

Liability负债

Equity所有者权益、股本

Revenue收入

Expense费用

Gain利得

Loss损失

For each item below, indicate to which category of elements of financial statements

itbelongs.

每个项目下面，说明这类财务报表要素属于.

（a） Retained earnings留存收益equity

（b） Sales销售revenue

（c） Additional paid-in capital股本溢价equity

（d） Inventory存货asset

（e） Depreciation折旧费expense

（f） Dividends股息equity

（g） Gain on sale of investment出售投资收益gain

（h）Interestpayable应付利息liability

（i）Loss on sale of equipment销售设备的亏损loss

（j） Issuance of common stock发行普通股equity

Chapter 3 Financial Statements

Exercise 1. Presented on the next page are the captions of Faulk Company’s balance sheet.

在下一页的标题的福克公司的资产负债表。

（a）Current assets.（f）Current liabilities.

（b）Investments.（g）Non-current liabilities.

（c）Property, plant, and equipment.（h）Capital stock.

（d）Intangible assets.（i）Additional paid-in capital.

（e）Other assets.（j）Retained earnings.

（a）流动资产（f）流动负债

（b）投资（g）非流动负债。

（c 固定资产（h）股本

（d）无形资产（i）股本溢价

（e）其他资产（j）留存收益。

Instructions

Indicate by letter where each of the following items would be classified.

1. Preferred stock.11. Cash surrender value of life insurance.

2. Goodwill.12. Notes payable （due next year）.

3. Wages payable.13. Office supplies.

4. Trade accounts payable.14. Common stock.

5. Buildings.15. Land.

6. Trading securities.16. Bond sinking fund.

7. Current portion of long-term debt.17. Merchandise inventory.

8. Premium on bonds payable.18. Prepaid insurance.

9. Allowance for doubtful accounts.19. Bonds payable.

10. Accounts receivable.20. Taxes payable.

1 优先股11 人寿保险现金解约价值

2 商誉12 应付票据（明年）

3 应付工资13 办公用品

4 贸易应付帐款14 普通股

5 建筑物15 土地

6 证券交易。

16 债券偿债基金

7 长期债务的当期部分17 商品库存

8 应付债券溢价18 预付保险费

9 坏账准备19 应付债券

10 应收账款20 应付税款

（a）流动资产 6.9.10.13.17.18（f）流动负债 3.4.7.12.20

（b）投资 16（g）非流动负债 8.19

（c 固定资产 5.15（h）股本 1.14

（d）无形资产 2（i）股本溢价

（e）其他资产 11（j）留存收益

Exercise 2. The accounting department supplied the following data in recording the

September 30 bank statement for Rytton, Inc.

Closing cash balance per bank statement$15 496.91

Closing cash balance per cash book14 692.71

Deposits in transit2 615.23

Bank service charge25.00

Outstanding checks3 079.51

Note collected by bank including $45 interest （Rytton not yet 1 045.00

notified）

Error by bank-check drawn by Rytten Corp. was charged to617.08

Rytton’s account

A sale and deposit of $1 729.00 was entered in the sales journal and cash receipts

journal as $1 792.00.

银行：

15496.91企业：

14692.71

加 2615.23617.08加 1045

减 3232.31减 25

平衡：

15649.71

Instructions

Prepare the September 30 bank reconciliation.

Exercise 3. A machine is purchased at the beginning of 2002 for $36 000. its

estimated life is 6 years. Freight costs on the machine are $2 000.Installation costs

are $1 200. The machine is estimated to have a residual value of $500 and a useful life

of 40 000 hours. It was used 6 000 hours in 2002. 2002 年初采购机器价款 36000 美

元，估计有 6 年寿命。

机器的货运成本是 2000 美元，安装成本是 1200 美元。

该

机预计净残值为 500 美元，可以使用寿命 40000 小时。

在过去的 2002 一年它使

用了 6000 小时。

Instructions

What is the cost of the machine for accounting purposes?

36000+2000+1200=39200

Compute the depreciation charge for 2002 using 计算 2002 年的折旧费（a） the

straight-line method 直线法 and （b） the service-hours method.工作量法

（a）直线法（平均年限法）

年折旧额=（固定资产原值-预计净残值）/预计使用年限

2002 年折旧额=（39200-500）/6=6450

（b）工作量法

单位工作量折旧费=（固定资产原值-预计净残值）/预计工作总量

年折旧额=当年实际工作量*单位工作量折旧费

单位….= （39200-500）/40000=0.9675

2002 年折旧额=0.9675*6000=5805

Exercise 3.

Mick Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1,

2008, Mick reacquired 100 shares at $85 per share. On September 1, Mick reissued 60

shares at $90 per share. On November 1, Mick reissued 40 shares at $83 per share.

Instructions

to record

Prepare Mick’s journal entries these transactions using （a） the cost method,

（b） the par value method.

麦克公司拥有优秀的 10000 股，面值 10 美元的普通股。

2008 年 7 月 1 日，麦克

发行 100 股每股 85 美元。

九月一日，麦克发行 60 股每股 90 美元。

十一月一日，

麦克发行 40 股每股 83 美元。

米克的预备日记帐分录记录下这些交易使用的（a）成本法（b）帐面价值的方法。

（a）成本法：

the cost method

7/1/08Treasury stock （100*85）8500

Cash8500

9/1/08Cash（60*90）5400

Treasury stock （60*85）5100

Paid-in capital from treasury stock300

11/1/08Cash（40*83）3320

Paid-in capital from treasury stock80

Treasury stock （40*85）3400

（b）帐面价值的方法：

the par value method

7/1/08Treasury stock （100*10）1000

Paid-in capital from treasury stock7500

Cash （100*85）8500

9/1/08Cash （60*90）5400

Treasury stock （60*10）600

Paid-in capital from treasury stock4800

11./1/08

Cash （40*83）3320

Paid-in capital from treasury stock2920

Treasury stock （40*10）400

1. The economic resources of a business are called:

A. Owner’s Equity B. Assets

C. Accounting equationD. Liabilities

2. DTK Company has a $3500 accounts receivable from GRS Company. On January

20, GRS Company makes a partial payment of $2100 to DTK Company. The journal

entry made on January 20 by DTK Company to record this transaction includes:

A. A debit to the cash receivable account of $2100.

B. A credit to the accounts receivable account of $2100.

C. A debit to the cash account of $1400.

D. A debit to the accounts receivable account of $1400.

3. In general terms, financial assets appear in the balance sheet at:

A. Face value. 账面价值B. Current value.现值

C. Market value. 市场价值 D. Estimated future sales value.

4. Each of the following measures strengthens internal control over cash receipts

except:

A. The use of a voucher system.

B. Preparation of a daily listing of all checks received through the mail.

C. The deposit of cash receipts intact in the bank on a daily basis.

D. The use of cash registers.

5. Which of the following items is the greatest in dollar amount?

A. Beginning inventory 期初存货

B. Cost of goods sold. 销货成本

C. Cost of goods available for sale

D. Ending inventory 期末存货

6. Why do companies prefer the LIFO inventory 后进先出法 method during a period

of rising prices?

A. Higher reported income

B. Lower income taxes

C. Lower reported income

D. Higher ending inventory

7. Which of the following characteristics would prevent an item from being included

in the classification of plant and equipment?

A. Intangible

B. Unlimited life

C. Being sold in its useful life

D. Not capable of rendering benefits to the business in the future.

8. Which account is not a contra-asset account?

A. Depreciation Expense

B. Accumulated Depletion

C. Accumulated Depreciation

D. Allowance for Doubtful Accounts

9. What are the two factors that make ownership of an interest in a general partnership

particularly risky?

A. Mutual agency and unlimited personal liability

B. Limited life and unlimited personal liability.

C. Limited life and mutual agency.

D. Double taxation and mutual agency

10. Which of the following types of business owners do not take an active role in the

daily management of the business?

A. General partnersB. Limited liability partners

C. Sole proprietors 个体经营者 D. Stockholders in a publicly owned corporation

11. Analysts can use the footnotes to the financial statements toD

A. Help their analysis of financial statements

B. Help their understanding of financial statements

C. Help their checking of financial statements.

D. All of the above

12. The current liabilities are $30 000, the long-term liabilities are $50 000, and the

total assets are $240 000. What is the debt ratio?

A. 0.125 B. 0.208 C. 0.333 D. 3.0

13. The horizontal analysis is used mainly toA

A. Analyzing financial trends

B. Evaluating financial structure

C. Assessing the pat performances

D. Measuring the term-paying ability

14. Among the following ratios, which is used for long-term solvency analysis?

长期

偿债能力分析A

A. Current ratio 流动比率 B. Times-interest-earned ratio

C. Operating cycleD. Book value per share

15. A profit-making business that is a separate legal entity and in which ownership is

divided into shares of stock is known as aD

A. Sole proprietorship 个体独资公司 B. Single proprietorship

C. Partnership 合伙公司D. Corporation 股份有限公司

一、名词解释（10 分）

（1） Journal entry ：

日记账 Journal entry is a logging of transactions into

accounting journal items. It can consist of several items, each of which is

either a debit or a credit. The total of the debits must equal the total of the

credits or the journal entry is said to be "unbalanced". Journal entries can

record unique items or recurring items such as depreciation or bond

amortization.

（2） Going concern ：

持续经营 The company will continue to operate in

the near future, unless substantial evidence to the contrary exists.

（3） Matching principle：

一致性原则

（4） Working capital：

营运资金

（5） Revenue expenditure：

收入费用

二、会计业务（共 35 分）

1. On December 1, ME Company borrowed $250 000 from a bank, and

promise to repay that amount plus 12% interest （per year） at the end of 6

months.

（1） Prepare the general journal entry to record obtaining the loan from the

bank on December 1.

（2） Prepare the adjusting journal entry to record accrual of the interest

payable on the loan on December 31.

（3） Prepare the presentation of the liability to the bank on ME’s

December balance sheet.

Answer:

（1） Debit:

cash$250000

Credit:

current liabilities $250000

（2） Debit:

Accrual Expense $5000 不确定

Credit:

Interest Payable $5000

（3） P39

2. The following information relating to the bank checking account is

available for Music Hall at July 31:

Balance per bank statement at July 31$20 0000

Balance per depositor’s records18 860

Outstanding checks2 000

Deposits in transit800

Service charge by bank60

Prepare a bank reconciliation 银行对账工作 fro Music Hall at July 31.

Answer:

P42

3. Please prepare the related entries according to the follow

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