会计专业英语Word格式文档下载.docx

1、concern 企业reversing entry 转回分录找零 change报销 turn overpast due 过期inflation 通货膨胀on account 赊账miscellaneous expense 其他费用charge 收费汇票 draft权益 equityaccrual basis 应计制retained earnings 留存收益trad-in 易新，以旧换新in transit 在途collection 托收款项资产 assetproceeds 现值dishonor 拒付utility expenses 水电费outlay 花费IOU 欠条Going-concer

2、n concept 持续经营运费 freightMultiple-choice question1.Which of the following does not describe accounting? （ C ）A. Language of business B. Useful ofr decision making C. Is an end rathe than a means to an end.D.Used by business, government, nonprofit organizations, and individuals.2.An objective of finan

3、cial reporting is to （ B ）A. Assess the adequacy of internal control.B.Provide information useful for investor decisions. C.Evaluate management results compared with standards. D.Provide information on compliance with established procedures.3.Which of the following statements is（are） correct?（ B ）A.

4、Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.A company may use different depreciation methods in its financial statements and its income tax return.C.The cost of a machine includes the cost of repairing damage to the machine during the insta

5、llation process.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the unit-of-product method.4. Which of the following is（are） correct about a companys balance sheet? （ B ）A.It displays sources and uses of cash for the period.B.It is an expansi

6、on of the basic accounting equationC.It is not sometimes referred to as a statement of financial position.D.It is unnecessary if both an income statement and statement of cash flows are availabe.5.Objectives of financial reporting to external investors and creditors include preparing information abo

7、ut all of the following except. （ A ）A.Information used to determine which products to poduceB.Information about economic resources, claims to those resources, and changes in both resources and claims.C.Information that is useful in assessing the amount, timing, and uncertainty of future cash flows.

8、D.Information that is useful in making ivestment and credit decisions.6.Each of the following measures strengthens internal control over cash receipts except. （ C ）A.The use of a petty cash fund. B.Preparation of a daily listing of all checks received through the mail.C.The use of cash registers. D.

9、The deposit of cash receipts in the bank on a daily basis.7.The primary purpose for using an inventory flow assumption is to. （ A ）A.Offset against revenue an appropriate cost of goods sold. B.Parallel the physical flow of units of merchandise. C.Minimize income taxes. D.Maximize the reported amount

10、 of net income.8.In general terms, financial assets appear in the balance sheet at. （ B ）A.Current value B.Face value C.Cost D.Estimated future sales value.9.If the going-concem assumption is no longer valid for a company except. （ C ）A.Land held as an ivestment would be valued at its liquidation va

11、lue.B.All prepaid assets would be completely written off immediately.C.Total contributed capital and retained earnings would remain unchanged.D.The allowance for uncollectible accounts would be eliminated.10.Which of the following explains the debit and credit rules relating to the recording of reve

12、nue and expenses?（ C ）A.Expenses appear on the left side of the balance sheet and are recorded by debits;revenue appears on the right side of the balance sheet and is reoorded by credits.B. Expenses appear on the left side of the income statement and are recorded by debits; Revenue appears on the ri

13、ght side of the income statement and is recorded by credits. C.The effects of revenue and expenses on owners equity.D.The realization principle and the matching principle.11.Which of the following statements is（are） correct?B.The cost of a machine do not includes the cost of repairing damage to the

14、machine during the installation prcess.C.A company may use same depreciation methods in its finacial statements and its income tax return.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the straight-line method.12.A set of financial statement

15、s （ B ） except.A.Is intended to assist users in evaluating the financial position, profitability, and future prospects of an entity.B.Is intended to assist the Intemal Revenue Service in detemining the amount of income taxes owed by a business organization. C.Includes notes disclosing information ne

16、cessary for the proper interpretation of the statements.D.Is intended to assist investors and creditors in making decisions inventory the allocation of economic resources.13.The primary purpose for using an inventory flow assumption is to. （ B ）A.Parallel the physical flow of units of merchandise. B

17、.Offset against revenue an appropriate cost of goods sold C.Minimize income taxes. D.Maximize the reported amount of net income.14.Indicate all correct answers. In the accounting cycle. （ D ）A.Transactions are posted before they are journalized.B.A trial balance is prepared after journal entries hav

18、ent been posted.C.The Retained Earnings account is not shown as an up-to-date figure in the trial balance.D.Joumal entries are posted to appropriate ledger accounts.15.According to text, Objectives of Financial Reporting by Business Enterprises. （ D ）A.Extemal users have the ability to prescribe inf

19、ormation they want.B.Information is always based on exact measures.C.Financial reporting is usually based on industries or the economy as a whole.D.Financial accounting does not directly measure the value of a business enterprise.16.Indicate all correct answers. Dividends except （ A ）A.Decrease owne

20、rs equity. B.Decrease net income C.Are recorded by debiting the Cash accountD.Are a business expense17.Which of the following practices contributes to efficient cash management?A.Never borrow money-maintain a cash balance sufficient to make all necessary payments.B.Record all cash receipts and cash

21、payments at the end of the month when reconciling the bank statements.C.Prepare monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance. D.Pay each bill as soon as the invoice arrives.18.Which of the following would you expect to find in a correctl

22、y prepared income statement? （ A ）A.Revenues earned during the period. B.Cash balance at the end of the period.C.Contributions by the owner during the period. D.Expenses incurred during the next period to earn revenues.19.Which of the following are important factors in ensuring the integrity of acco

23、unting information? （ D ）A.Institutional factors, such as standards for preparing information. B.Professional organizations, such as the American Institute of CPAs. C.Competence judgment and ethical behavior of individual accountants D.All of the above.Practices11.On Jan.1, 2000, Mark Co, acquired e

24、quipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $40,000 for 2000, calculated under the sum-of the-years digits method. Required: Determine the acquisition cost of the

25、 equipment. （ C ）A.$210,000 B.$250,000 C.$225.000 D.$200,0002. On Jan.2, 2002, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $24,000 for 2004, ca

26、lculated under the sum-of the-years digits method （4%）. Required:A.$220,000 B.$250,000 C.$224.000 D.$200,0003. October 1, 2005, Coast Financial Ioaned Bart Corporation $3000,000, receiving in exchange a nine-month, 12 percent note receivable. Coast ends its fiscal year on December 31 and makes adjus

27、ting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Bart Corporation during 2006 will amount to. （ A ）A.$9,000 B.$18,000 C.$27.000 D.$36,000Question: What is the reconciled balance?A.$4,187 B.$4,085 C.$4,090 D.$4,000Required: Choose the rec

28、onciled balance. （ D ）A.$3,220 B.$3,250 C.$3,200 D.$3,225Calculate the cost of goods available for sale（C）A.$475,000 B.$474,000 C.$470,000 D.$473,000 Calculate the cost of goods sold （ D ）A.$225,000 B.$254,000 C.$250,000 D.$253,0008.At the end of the current year, the accounts receivable account has

29、 a debit balance of $60,000 and net sales for the year total $100,000. The allowance account before adjunstment has adebit balance of a $500, and uncollectible accounts expense is estimated at 1% of net sales. Question: The entry for the above bad debts is （ A ）A.Dr. Bad Debt Accts. $1,500 B.Dr. Bad

30、 Debt Accts. $500Cr. Allowance Doubtful Accts. $1,500 Cr. Allowance Doubtful Accts. $500C. Dr. Bad Debt Accts. $1,000 D. Dr. Bad Debt Accts. $1,500Cr. Accts Rec. $1,000 Cr. Accts Rec. $1,5009.The balance sheet items to The Oven Bakery（arranged in alphabetical order）were as follows at August 1,2005.（You are to compute the missing figure for retained earnings.）（4%）REQUIRED:Find Retained earnings at August 1 2005（D）A.$420,000 B.$44,000 C.$40,000 D.$48,000Practices2Sue began a public accounting practice and completed these transactions during first month of the current year. Choose