会计专业英语试题.docx

1、会计专业英语试题(SAU BWRE) SWRKBRSE , Bum (emi, #204)|. Which of the following statements about accounting concepts or assumptions are correct?|) The money measurement assumption is that items in accounts are initially measured at their historical cost.2)In order to achieve comparability it may sometimes be

2、 necessary to overridethe prudence concept.3)To facilitate comparisons between different entities it is helpful if accountingpolicies and changes in them are disclosed.4)To comply with the law, the legal form of a transaction must always be reflectedin financial statements.A | and 3B 1 and 4C 3 only

3、D 2 and 32.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers.What is the balance on the accounts receivables at 31 Dec 2010?$8 500 Dr$8 500 Cr$14 000 Dr$14 000 CrIAW Should dividend

4、s paid appear on the face of a companys cash flow statement? Yes NoNot sureEitherCADP=Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping?Weighted Average costFirst in first out (FIFO)Last in first out (L

5、IFO)Unit costIA w5.Which of following items may appear as non-current assets in a companys thestatement of financial position?(1)plant, equipment, and property(2)company car(3)4000 cash(4)1000 chequeA. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6.Which of the following items ma y appear as current lia

6、bilities in a companysbalance sheet?(1)investment in subsidiary(2)Loan matured within one year.(3)income tax accrued untill year end.(4)Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7.The trial balance totals of Gamma at 30 September 2010 are:Debi

7、t $992,640Credit $1,026,480 Which TWO of the following possible errors could, when corrected, cause the trial balance to agree? 1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account. 2. The balance on the motor expenses account $27,680 has incorrectl

8、y been listed in the trial balance as a credit. 3. $6,160 proceeds of sale of a motor vehicle has been posted to the debitof motor vehicles asset account. 4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance. A | and 2 B 2 and 3 C2 and 4 D3 and 48.Theta pr

9、epares its financial statements for the year to 30 April each year. Thecompany pays rent for its premises quarterly in advance on | January, | April, | July and 1 October each year. The annual rent was $84,000 per year until 30 June 2010. It was increased from that date to $96,000 per year. What ren

10、texpense and end of year prepayment should be included in the financialstatements for the year ended 30 April 2010?Expense Prepayment A $93,000 $8,000 B $93,000 $16,000 C $94,000 $8,000 D $94,000 $16,000 9. At 30 September 2010, the following balances existed in the records of Lambda:Plant and equip

11、ment: $860,000Depreciation for plant and equipment: $397,000 During the year ended 30 September 2010, plant with a written down value of $37,000 was sold for $49,000. The plant had originally cost $80,000. Plant purchased during the year cost $180,000. It is the company.s policy to charge a full yea

12、r depreciation in the year of acquisition of an asset and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010 for plant and equipment? A $563,000 B $467,000 C $510,000 D $606,00010. A companys plant an

13、d machinery ledger account for the year ended 30September 2010was as follows: Plant and machinery cost2009 $ 2010 $October balance b/f 381 200 | June Disposal 36 000| Dec cash 18 000 30 Sept balance c/f 363 200 399 200 399 20030 Sept balance b/f 363 200The companys policy is to charge depreciation a

14、t 20% per year on the straight line basis, with proportionate depreciation in years of purchase and disposal. What is the depreciation charge for the year ended 30 September 2010?A $74,440B $84,040C $72,640D $76,84011.Listed below are some characteristics of financial information.(1)True(2)Prudence(

15、3)Completeness(4)CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) onlyB (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only12.The plant and machinery cost account of a company is shown below. Thecompanys policy is to charge deprec iation at 20% on th

16、e straight line basis,with proportionate depreciation in years of acquisition and disposal. Plant and machinery cost2009 5 2009 $Jan balance b/f 280 000 30 June disposal 14 000|Apr cash 48 000Sept cash 36 000 31 Dec balance c/f 350 000 364 000 364 000Balance b/t 350 000What should be the depreciatio

17、n charge for the year ended 31 December 2009? A. $67,000B. $64,200C. $70,000D. $68,60013.In preparing its financial statements for the current year, a companys closinginventory was understated by $300,000. What will be the effect of this error if it remains uncorrected? A The current years profit wi

18、ll be overstated and next years profit will be understatedB The current years profit will be understated but there will be no eff ect on next years profitC The current years profit will be understated and next years profit will be overstatedD The current years profit will be overstated but there wil

19、l be no effect on next years profit.14.In preparing a companys cash flow stateme nt, which, if any, of the followingitems could form part of the calculation of cash flow from financing activities?(1)Proceeds of sale of premises(2)Dividends received(3)Issue of sharesA I onlyB 2 onlyC 3 onlyD None of

20、them.15, At 31 March 2009 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 Mar

21、ch 2010 totalled $34,600. Based on these figures, what amount should appear in the companys income statement for heating oil for the year?A $23,900B $36,100C $45,300D $33,10016.In times of inflation In times of rising prices, what effect does the use of thehistorical cost concept have on a companys

22、asset values and profit? A. Assetvalues and profit both undervalued B. Asset values and profit both overvalued C.Asset values undervalued and profit overvalued D. Asset values overvalued and profit undervalued17.Beta purchased some plant and equipment on 01/07/2010 for $60,000. Theestimated residual

23、 value of the plant in 10 years time is estimated to be $6,000.Betas policy is to charge depreciation on the straight line basis, with aproportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Betas accountingperiod of 18 months to 30/09/2010 ?A. $54

24、00B. $900C. $1350D. $67518. A companys income statement for the year ended 31 December 2005 showed anet profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to the motor expenses account. It is the companys policy to depreciate motor vans at 25 per

25、 cent per year on the straight linebasis, with a full yea rs charge in the year of acquisition. What would the netprofit be after adjusting for this error?A. $97,100B. $70,100C. $106,100D. $101,60019.Which of the following statements are correct?(1)to be prudent, company charge depreciation annually

26、 on the fixed asset(2)substance over form means that the commercial effect of a transaction mustalways be shown in the financial statements even if this differs from legal form (3)in order to achieve the comparable, items should be treated in the same wayyear on year A. 2 and 3 onlyB. All of themC.

27、| and 2 onlyD. 3 only20.which of the following about accruals concept are correct?(1)all financial statements are based on the accruals concept(2)the underlying theory of accruals concept and matching concept are same(3)accruals concept deals with any figure that incurred in the period irrelevantwit

28、h its paid or notA. 2 and 3 onlyB. All of themC. | and 2 onlyD. 3 only . BRB 30) 1, PIR RAM (E24, 2#10)lL. fer: Ela oer aE 30 000 Fath ib 10 000 $i: alae wer” 40 000 2. fi: FT FER 10 500 Bt: 2S SPE Se ae EP 10 000 PSC WAC int 500 3. fA: Saran | 000 Ti: FRAP ase | 000 4. (8: Alt aK 4095 TE: FLIES UA

29、3 500 DV AC BB DV ACI CALLA) = 595 5. ff: Dist 40 000 GE: WT AK 40 0002, HF POURRA RMP I C1, F207)1.ABC group the statement of financial position as at 31/Dec/2010Non-current assets Intangible assets Property, plant and equipment Investment in associates Held-for-maturity investmentos oeDeferred inc

30、ome tax assets Current AssetsTrade and other receivables10.Derivative financial instrumentsie ee ee11.Cash and cash equivalents12.Assets of discontinued operation13.Assets in total14.Current Liabilities15.Accrued payroll16.Accrued dividend17.Accrued accounts18.Non-current Liabilities19.Liabilities i

31、n total20.Net Assets=, Bikza 30) Research and development (R&D) Accounting treatment of R&D Under International Accounting Standards the accounting for R&D is dealt with under IAS 38, Intangible Assets. AS 38 states that an intangible asset is to be recognised if, and only if, the following criteria

32、 are met: it is probable that future economic benefits from the asset will flow to the entity, the cost of the asset can be reliably measured. The above recognition criteria look straightforward enough, but in reality it can prove to be very difficult to assess whether or not these have been met. In order to m