CHAPTER 1 INTRODUCTION TO ACCOUNTING AND BUSINESS
Chapter 1—Introduction to Accounting and Business Chapter 1—Introduction to Accounting and Business
TRUE/FALSE
1. The main objective of a not-for-profit business is not to make a profit.
ANS: F DIF: 2 OBJ: 01
2. An example of a business stakeholder is the federal government.
ANS: T DIF: 2 OBJ: 01
3. A corporation is a business that is legally separate and distinct from its owners.
ANS: T DIF: 1 OBJ: 01
4. About 90% of the businesses in the United States are organized as corporations.
ANS: F DIF: 2 OBJ: 01
5. A value chain is the way a business adds value for its customers by processing inputs into a
product or service.
ANS: T DIF: 1 OBJ: 01
6. Once a business has chosen a strategy, it must implement the strategy in its value chain.
ANS: T DIF: 1 OBJ: 01
7. A successful entrepreneur could be someone who is independent, self confident, and therefore
does not need the ability to interact with others.
ANS: F DIF: 3 STO: 01
8. Primary users of accounting information are accountants.
ANS: F DIF: 3 OBJ: 02
9. Accounting is thought to be the "language of business" because business information is
communicated to stakeholders.
ANS: T DIF: 2 OBJ: 02
10. Accounting is a service that provides many different users with financial information to make
economic decisions.
ANS: T DIF: 2 OBJ: 02
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Chapter 1—Introduction to Accounting and Business
11. Proper ethical conduct implies that you only consider what's in your best interest.
ANS: F DIF: 1 OBJ: 03
12. Small ethical lapses are harmless in and of themselves.
ANS: F DIF: 2 OBJ: 03
13. CMA is an acronym that stands for Certified Manufacturing Accountant.
ANS: F DIF: 1 OBJ: 04
14. Individuals who wish to practice public accounting as a CPA must meet the requirements of the
state in which they reside.
ANS: T DIF: 2 OBJ: 04
15. Managerial accounting is primarily concerned with the recording and reporting of economic
data and activities of an entity for use by owners, creditors, governmental agencies, and the public.
ANS: F DIF: 2 OBJ: 04
16. The Financial Accounting Standards Board (FASB) is the authoritative body that has primary
responsibility for developing accounting principles.
ANS: T DIF: 1 OBJ: 05
17. The cost concept is the basis for entering the exchange price into the accounting records.
ANS: T DIF: 2 OBJ: 05
18. Without the cost concept, accounting reports would become unstable and unreliable.
ANS: T DIF: 2 OBJ: 05
19. The unit of measurement concept requires that economic data be recorded in a common unit of
measurement.
ANS: T DIF: 2 OBJ: 05
20. If a building is appraised for $90,000, offered for sale at $95,000, and the buyer pays $85,000
cash for it, the buyer would record the building at $90,000.
ANS: F DIF: 3 OBJ: 05
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Chapter 1—Introduction to Accounting and Business 21. The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
ANS: T DIF: 2 OBJ: 06
22. The rights or claims to the assets of a business may be subdivided into rights of creditors and
rights of owners.
ANS: T DIF: 2 OBJ: 06
23. The owner’s rights to the assets rank ahead of the creditors' rights to the as sets.
ANS: F DIF: 2 OBJ: 06
24. If the liabilities owed by a business total $500,000, then the assets also total $500,000.
ANS: F DIF: 3 OBJ: 06
25. If the assets owned by a business total $500,000, and owner's equity totals $400,000, liabilities
total $100,000.
ANS: T DIF: 3 OBJ: 06
26. If the assets owned by a business total $100,000 and liabilities total $50,000, owner's equity
totals $150,000.
ANS: F DIF: 3 OBJ: 06
27. Business transactions are economic events that directly or indirectly change an entity's financial
condition or results from operations.
ANS: F DIF: 3 OBJ: 07
28. If total assets decreased by $40,000 during a specific period and owner's equity decreased by
$45,000 during the same period, the period's change in total liabilities was an $85,000 increase.
ANS: F DIF: 3 OBJ: 07
29. If total assets increased by $175,000 during a specific period and liabilities decreased by
$10,000 during the same period, the period's change in total owner's equity was a $185,000 increase.
ANS: T DIF: 3 OBJ: 07
30. If net income for a proprietorship was $25,000, the owner withdrew $10,000 in cash and the
owner invested $5,000 in cash, the capital of the owner increased by $20,000.
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Chapter 1—Introduction to Accounting and Business
ANS: T DIF: 3 OBJ: 07
31. If net income for a business was $175,000, withdrawals were $40,000 in cash, and the owner
made no investment, the owner's equity increased $215,000.
ANS: F DIF: 3 OBJ: 07
32. An account receivable is a claim against a customer arising from a sale on account.
ANS: T DIF: 2 OBJ: 07
33. Paying an account payable increases liabilities and decreases assets.
ANS: F DIF: 3 OBJ: 07
34. Receiving payments on an account receivable increases both equity and assets.
ANS: F DIF: 3 OBJ: 07
35. Cash investments by owners increase both equity and assets.
ANS: T DIF: 3 OBJ: 07
36. Cash withdrawals by owners decrease assets and increase equity.
ANS: F DIF: 3 OBJ: 07
37. Purchasing supplies on account increases liabilities and decreases equity.
ANS: F DIF: 3 OBJ: 07
38. The owner is only allowed to withdraw cash from the business.
ANS: F DIF: 2 OBJ: 07
39. Receiving a bill or otherwise being notified that an amount is owed is not recorded until the
amount is paid.
ANS: F DIF: 3 OBJ: 07
40. Revenue is earned only when money is received.
ANS: F DIF: 3 OBJ: 07
41. Expenses are expired costs of doing business.
ANS: T DIF: 2 OBJ: 07
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Chapter 1—Introduction to Accounting and Business 42. The excess of revenue over the expenses incurred in earning the revenue is called capital.
ANS: F DIF: 2 OBJ: 08
43. The excess of expenses over revenues is called net income.
ANS: F DIF: 2 OBJ: 08
44. The principal financial statements of a proprietorship are the income statement, statement of
owner's equity, and the balance sheet.
ANS: F DIF: 3 OBJ: 08
45. A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of
time.
ANS: F DIF: 2 OBJ: 08
46. An income statement is a summary of the revenues and expenses of a business as of a specific
date.
ANS: F DIF: 2 OBJ: 08
47. A statement of owner's equity reports the changes in the owner's equity for a period of time.
ANS: T DIF: 2 OBJ: 08
48. The statement of cash flows consists of an operating section, an income section, and an equity
section.
ANS: F DIF: 2 OBJ: 08
49. The financial statements of a proprietorship should include the owner's personal assets and
liabilities.
ANS: F DIF: 3 OBJ: 08
50. The ratio of liabilities to owner's equity can be expressed as "total owner's equity divided by
total liabilities."
ANS: F DIF: 2 OBJ: 09
51. A low ratio of liabilities to owner's equity indicates that a business is near bankruptcy.
ANS: F DIF: 4 OBJ: 09
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Chapter 1—Introduction to Accounting and Business
MULTIPLE CHOICE
1. Profit is the difference between
a. assets and liabilities
b. the incoming cash and outgoing cash
c. the assets purchased with cash contributed by the owner and the cash spent to
operate the business
d. the assets received for goods and services and the amounts used to provide the goods
and services
ANS: D DIF: 2 OBJ: 01
2. Most businesses in the United States are
a. sole proprietorships
b. partnerships
c. corporations
d. separate entities
ANS: A DIF: 2 OBJ: 01
3. Which of the items below is not a business organization form?
a. entrepreneurship
b. proprietorship
c. partnership
d. corporation
ANS: A DIF: 1 OBJ: 01
4. An entity that is organized according to state or federal statutes and in which ownership is
divided into shares of stock is a
a. proprietorship
b. corporation
c. partnership
d. governmental unit
ANS: B DIF: 1 OBJ: 01
5. An example of a basic business strategy is
a. low-cost strategy
b. differentiation strategy
c. combination strategy
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Chapter 1—Introduction to Accounting and Business
d. all of the above
ANS: D DIF: 2 OBJ: 01
6. Which of the following is not included in the value chain?
a. business processes
b. inputs
c. business strategies
d. products or services
ANS: C DIF: 3 OBJ: 01
7. Financial reports are used by
a. management
b. creditors
c. investors
d. all of the above
ANS: D DIF: 2 OBJ: 02
8. Which of the following best describes accounting?
a. records economic data but does not communicate the data to users according to any
specific rules
b. is an information system that provides reports to stakeholders
c. is of no use by individuals outside of the business
d. is used only for filling out tax returns and for financial statements for various type of
governmental reporting requirements
ANS: B DIF: 2 OBJ: 02
9. Which of the following is not a step in providing accounting information to stakeholders?
a. design the accounting information system
b. prepare accounting surveys
c. identify stakeholders
d. record economic data
ANS: B DIF: 3 OBJ: 02
10. The two most common specialized fields of accounting in practice are
a. forensic accounting and financial accounting
b. managerial accounting and financial accounting
c. managerial accounting and environmental accounting
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Chapter 1—Introduction to Accounting and Business
d. financial accounting and tax accounting systems
ANS: B DIF: 1 OBJ: 04
11. Public accountants are normally
a. Certified Public Accountants
b. Forensic accountants
c. Certified Internal Auditors
d. Certified Management Accountants
ANS: A DIF: 1 OBJ: 04
12. Which one of the following is a specialized field of accounting?
a. social accounting
b. tax accounting
c. environmental accounting
d. all of the above
ANS: D DIF: 2 OBJ: 04
13. The initials GAAP stand for
a. General Accounting Procedures
b. Generally Accepted Plans
c. Generally Accepted Accounting Principles
d. Generally Accepted Accounting Practices
ANS: C DIF: 3 OBJ: 05
14. Presently the dominant body in the development of accounting principles is the
a. American Institute of Certified Public Accountants (AICPA)
b. American Accounting Association (AAA)
c. Financial Accounting Standards Board (FASB)
d. Institute of Management Accountants (IMA)
ANS: C DIF: 1 OBJ: 05
15. The business entity concept means that
a. the owner is part of the business entity
b. an entity is organized according to state or federal statutes
c. an entity is organized according to the rules set by the FASB
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Chapter 1—Introduction to Accounting and Business
d. the entity is an individual economic unit for which data are recorded, analyzed, and
reported
ANS: D DIF: 1 OBJ: 05
16. For accounting purposes, the business entity should be considered separate from its owners if
the entity is
a. a corporation
b. a proprietorship
c. a partnership
d. all of the above
ANS: D DIF: 3 OBJ: 05
17. Smith Company purchased $105,000 of computer equipment from Brown Company. Smith
Company paid for the equipment using cash that had been obtained from the initial investment by Connie Smith. The transaction involving the computer equipment should be recorded on the accounting records of which of the following entities?
a. Smith Company and Connie Smith's personal records
b. Brown Company and Connie Smith's personal records
c. Brown Company
d. Smith Company and Brown Company
ANS: D DIF: 5 OBJ: 05
18. The objectivity principle requires that
a. business transactions must be consistent with the objectives of the entity
b. the Financial Accounting Standards Board must be fair and unbiased in its
deliberations over new accounting standards
c. accounting principles must meet the objectives of the Security and Exchange
Commission
d. amounts recorded in the financial statements must be based on independently
verifiable evidence
ANS: D DIF: 2 OBJ: 05
19.The Reynolds Company estimated that the value of its land had increased from $10,000 to $16,000
and therefore wrote up the land account to $16,000. Which accounting concept(s) was (were) violated?
a. cost concept
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Chapter 1—Introduction to Accounting and Business
b. objectivity concept
c. all of the above
d. none of the above
ANS: C DIF: 3 OBJ: 05
20. John Williams owns and operates Indoor Advertising Company. Recently, John withdrew
$18,000 from Indoor Advertising, and he contributed $10,000, in his name, to the Red Cross.
The contribution of the $10,000 should be recorded on the accounting records of which of the following entities?
a. Indoor Advertising and the Red Cross
b. John William's personal records and the Red Cross
c. John William's personal records and Indoor Advertising
d. John William's personal records, Indoor Advertising, and the Red Cross
ANS: B DIF: 4 OBJ: 05
21. Equipment with an estimated market value of $45,000 is offered for sale at $65,000. The
equipment is acquired for $10,000 in cash and a note payable of $40,000 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is
a. $50,000
b. $65,000
c. $10,000
d. $45,000
ANS: A DIF: 4 OBJ: 05
22. Owned resources of a business are referred to as
a. assets
b. liabilities
c. equities
d. revenues
ANS: A DIF: 1 OBJ: 06
23. Assets are
a. always greater than liabilities.
b. either cash or accounts receivables
c. the same as expenses because they are acquired with cash
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Chapter 1—Introduction to Accounting and Business
d. financed by the owner and/or creditors
ANS: D DIF: 2 OBJ: 06
24. Debts owed by a business are referred to as
a. accounts receivables
b. equities
c. owner’s equity
d. liabilities
ANS: D DIF: 1 OBJ: 06
25. The accounting equation may be expressed as
a. Assets = Equities - Liabilities
b. Assets + Liabilities = Owner's Equity
c. Assets = Revenues less Liabilities
d. Assets - Liabilities = Owner's Equity
ANS: D DIF: 3 OBJ: 06
26. Which of the following is not a business transaction?
a. make a sales offer
b. sell goods for cash
c. receive cash for services to be rendered later
d. pay for supplies
ANS: A DIF: 3 OBJ: 07
27. If total liabilities decreased by $25,000 during a period of time and owner's equity increased by
$30,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is
a. $65,000 increase
b. $5,000 decrease
c. $5,000 increase
d. $65,000 decrease
ANS: C DIF: 3 OBJ: 07
28. A business paid $9,000 to a creditor in payment of an amount owed. The effect of the
transaction on the accounting equation was to
a. increase one asset, decrease another asset
b. increase an asset, increase a liability
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Chapter 1—Introduction to Accounting and Business
c. decrease an asset, decrease a liability
d. increase an asset, increase owner's equity
ANS: C DIF: 3 OBJ: 07
29. Earning revenue
a. increases assets, increases owner’s equity.
b. increases assets, decreases owner's equity
c. increases one asset, decreases another asset
d. decreases assets, increases liabilities
ANS: A DIF: 3 OBJ: 07
30. The monetary value charged to customers for the performance of services sold is called a(n)
a. asset
b. net income
c. capital
d. revenue
ANS: D DIF: 2 OBJ: 07
31. Revenues are reported when
a. a contract is signed
b. cash is received from the customer
c. work is begun on the job
d. work is completed on the job
ANS: D DIF: 3 OBJ: 07
32. Expenses are recorded when
a. cash is paid for services rendered
b. a bill is received in advance of services rendered
c. services are rendered
d. none of the above
ANS: C DIF: 3 OBJ: 07
33. Goods purchased on account for future use in the business, such as supplies, are called
a. prepaid liabilities
b. revenues
c. prepaid expenses
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Chapter 1—Introduction to Accounting and Business
d. liabilities
ANS: C DIF: 2 OBJ: 07
34. The asset created by a business when it makes a sale on account is termed
a. accounts payable
b. prepaid expense
c. unearned revenue
d. accounts receivable
ANS: D DIF: 2 OBJ: 07
35. The debt created by a business when it makes a purchase on account is referred to as an
a. account payable
b. account receivable
c. asset
d. expense payable
ANS: A DIF: 2 OBJ: 07
36. If total assets decreased by $47,000 during a period of time and owner's equity increased by
$24,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
a. $23,000 increase
b. $47,000 decrease
c. $71,000 decrease
d. $71,000 increase
ANS: C DIF: 3 OBJ: 07
37. Owner's withdrawals
a. increase expenses
b. decrease expenses
c. increase cash
d. decrease owner's equity
ANS: D DIF: 2 OBJ: 07
38. Owner's equity is increased by
a. cash
b. revenue
c. accounts receivable
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Chapter 1—Introduction to Accounting and Business
d. all of the above
ANS: B DIF: 2 OBJ: 07
39. How does the purchase of supplies on account affect the accounting equation?
a. assets increase; owner's equity decreases
b. assets increase; liabilities increase
c. assets increase; liabilities decrease
d. liabilities increase; owner's equity decreases
ANS: B DIF: 4 OBJ: 07
40. How does the rendering of services on account affect the accounting equation?
a. assets increase; owner’s equity increases
b. assets decrease; owner's equity decrease
c. assets increase; owner's equity decreases
d. liabilities increase; owner's equity decreases
ANS: A DIF: 4 OBJ: 07
41. How does paying a liability in cash affect the accounting equation?
a. assets increase; liabilities decrease
b. assets increase; liabilities increase
c. assets decrease; liabilities decrease
d. liabilities decrease; owner's equity increases
ANS: C DIF: 4 OBJ: 07
42. How does the owner withdrawing cash from the business affect the accounting equation?
a. assets decrease; owner's equity decreases
b. assets decrease; owner's equity increases
c. assets increase; liabilities decrease
d. no effect on the assets, liabilities, or owner's equity
ANS: A DIF: 4 OBJ: 07
43.How does receiving a bill to be paid next month for services rendered affect the accounting
equation?
a. assets decrease; owner's equity decreases
b. assets increase; liabilities increase
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Chapter 1—Introduction to Accounting and Business
c. liabilities increase; owner's equity increases
d. liabilities increase; owner's equity decreases
ANS: D DIF: 4 OBJ: 07
44. How does the collection of cash from a customer who was previously put on account affect the
accounting equation?
a. assets decrease; owner's equity decreases
b. assets increase; owner's equity increases
c. assets increase; assets decrease
d. assets increase; liabilities increase
ANS: C DIF: 4 OBJ: 07
45. How does the purchase of equipment by signing a note affect the accounting equation?
a. assets increase; assets decrease
b. assets increase; liabilities decrease
c. assets increase; liabilities increase
d. assets increase; owner's equity increases
ANS: C DIF: 4 OBJ: 07
46. Land, originally purchased for $20,000, is sold for $75,000 in cash. What is the effect of the sale
on the accounting equation?
a. assets increase $75,000; owner's equity increases $75,000
b. assets increase $55,000; owner's equity increases $55,000
c. assets increase $75,000; liabilities decrease $20,000; owner's equity increases
$55,000
d. assets increase $20,000; no change for liabilities; owner's equity increases $75,000
ANS: B DIF: 4 OBJ: 07
47. The Melville Company sold land for $60,000 in cash. The land was originally purchased for
$40,000, and at the time of the sale, $15,000 was still owed to First National Bank on that purchase. After the sale, The Melville Company paid off the loan to First National Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
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Chapter 1—Introduction to Accounting and Business
a. assets increase $20,000; liabilities decrease $15,000; owner's equity increases
$5,000
b. assets increase $5,000; liabilities decrease $15,000; owner's equity increases
$20,000
c. assets increase $60,000; liabilities decrease $15,000; owner's equity increases
$20,000
d. assets increase $20,000; liabilities decrease $15,000; owner's equity increases
$35,000
ANS: B DIF: 5 OBJ: 07
48. On November 1 of the current year, the assets and liabilities of Jim Chu, M.D., are as follows:
Cash, $10,000; Accounts Receivable, $8,200; Supplies, $1,050; Land, $25,000; Accounts
Payable, $6,530. What is the amount of owner's equity (Jim Chu's capital) as of November 1 of the current year?
a. $37,720
b. $44,430
c. $21,500
d. $50,780
ANS: A DIF: 3 OBJ: 07
49. Al Shea is the sole owner and operator of SawTooth Company. As of the end of its accounting
period, December 31, 2005, SawTooth Company has assets of $925,000 and liabilities of
$285,000. During 2006, Al Shea invested an additional $50,000 and withdrew $30,000 from the business. What is the amount of net income during 2006, assuming that as of December 31, 2006, assets were $980,000, and liabilities were $255,000?
a. $ 95,000
b. $ 65,000
c. $165,000
d. $725,000
ANS: B DIF: 5 OBJ: 07
50. The total assets and the total liabilities of a business at the beginning and at the end of the year
appear below. During the year, the owner had withdrawn $50,000 for personal use and had made an additional investment of $35,000 in the business.
Assets Liabilities Beginning of year $295,000 $190,000
End of year 355,000 220,000
The amount of net income for the year was
a. $85,000
b. $40,000
c. $135,000
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Chapter 1—Introduction to Accounting and Business
d. $45,000
ANS: D DIF: 4 OBJ: 07
51. If beginning capital was $65,000, ending capital is $43,000, and the owner's withdrawals were
$16,000, the amount of net income or net loss was
a. net income of $37,000
b. net income of $8,000
c. net loss of $22,000
d. net loss of $6,000
ANS: D DIF: 4 OBJ: 07
52. Transactions affecting owner's equity include
a. owner's investments and payment of liabilities
b. owner's investments and owner's withdrawals, revenues, and expenses
c. owner's investments, revenues, expenses, and collection of accounts receivable
d. owner's withdrawals, revenues, expenses, and purchase of supplies on account
ANS: B DIF: 2 OBJ: 07
53. The financial statement that presents a summary of the revenues and expenses of a business for
a specific period of time, such as a month or year, is called a(n)
a. prior period statement
b. statement of owner's equity
c. income statement
d. balance sheet
ANS: C DIF: 1 OBJ: 08
54. All of the following are financial statement(s) of a proprietorship except the
a. statement of retained earnings
b. statement of owner's equity
c. income statement
d. statement of cash flows
ANS: A DIF: 1 OBJ: 08
55. Which of the following financial statements reports information as of a specific date?
a. income statement
b. statement of owner's equity
c. statement of cash flows
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Chapter 1—Introduction to Accounting and Business
d. balance sheet
ANS: D DIF: 2 OBJ: 08
56. Four financial statements are usually prepared for a business. The statement of cash flows is
usually prepared last. The statement of owner's equity (OE), the balance sheet (B), and the income statement (I) are prepared in a certain order to obtain information needed for the next statement. In what order are these three statements prepared?
a. I,OE, B
b. B, I, OE
c. OE, I, B
d. B,OE, I
ANS: A DIF: 2 OBJ: 08
57. Liabilities are reported on the
a. income statement
b. statement of owner's equity
c. statement of cash flows
d. balance sheet
ANS: D DIF: 1 OBJ: 08
58. Cash investments made by the owner to the business are reported on the statement of cash flows
in the
a. financing activities section
b. investing activities section
c. operating activities section
d. supplemental statement
ANS: A DIF: 2 OBJ: 08
59. The year-end balance of the owner's capital account appears in
a. both the statement of owner's equity and the income statement
b. only the statement of owner's equity
c. both the statement of owner's equity and the balance sheet
d. both the statement of owner's equity and the statement of cash flows
ANS: C DIF: 2 OBJ: 08
60. A debt-to-equity ratio of 1 indicates
a. the business cannot pay its debts
b. the business is in danger of being closed
c. the assets equal the equities
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单项选择（20分） 16. He bought a knife and fork ________. A. to eat B. to eat with C. for eating D. to eat by 17. The little village which lies __________ the railway for 20 miles is ___________ the great man was born. A. off; where B. at; when C. to; how D. by; why 18. The window which hasn’t been cleaned for at least 3 weeks requires ____. Who’d like to take the job? A. to clean B. cleaning C. cleaned D. being cleaned 19. Everyone present at the meeting agreed to stick to the _____ that everyone should be treated fairly. A. purpose B. ambition C. principle D. level 20. After the war, that country _______ their defense works in case of the next unexpected attack. A. raised B. strengthened C. increased D. powered 21. Great efforts have been ____to improve people’s living conditions in China in the past two years. A. got B. won C. made D. did 22. When he came back with plenty of money, his father ______ three days before. A. had died B. was dead C. died D. had been dead 23. The fire was finally ______ after the building had ______ for two hours. A. put off; caught fire B. put away; been on fire C. put out; caught fire D. put out; been on fire 24. He did everything he could _______ the old man. A. to save B. save C. saving D saved 25.—Shall I give you a hand with this as you are so busy now? —Thank you.__________ A. Of course you can B. If you like C. it’s up to you D. It couldn’t be better 26. Everyone has periods in their lives _____ everything seems very hard. A. when B. where C. which D. that 27. When he heard the news, he hurried home,______ the book ______ on the desk. A. leaving; lying open B. to leave; lying open C. left; lying open D. leaving; lying opened 28. Who do you think he would _____ a letter of congratulation to our monitor? A. have written B. have to write C. have write D. have been writing 29. Taiyuan, _____ in the centre of Shanxi province is a most beautiful city. A. located B. to locate C. locate D. locating 30. I was told that there were about 50 foreign students _____Chinese in the school, most____were from Germany. A. study, of whom B. study, of them C. studying, of them D. studying, of whom 31. Hurricane brought down a great number of houses, _____ thousands of people homeless. A. to make B. making C. made D. having made
会计科目英文 会计系统 Accounting system 美国会计协会 American Accounting Association 美国注册会计师协会 American Institute of CPAs 审计 Audit 资产负债表 Balance sheet 簿记 Bookkeeping 现金流量预测 Cash flow prospects 内部审计证书Certificate in Internal Auditing 管理会计证书 Certificate in Management Accounting 注册会计师Certificate Public Accountant 成本会计Cost accounting 外部使用者External users 财务会计Financial accounting 财务会计准则委员会Financial Accounting Standards Board 财务预测Financial forecast 公认会计原则Generally accepted accounting principles 通用目的信息 General-purpose information 政府会计办公室Government Accounting Office 损益表 Income statement 内部审计师协会Institute of Internal Auditors 管理会计师协会Institute of Management Accountants 整合性Integrity 内部审计Internal auditing 内部控制结构Internal control structure 国内收入署Internal Revenue Service 内部使用者 Internal users 管理会计Management accounting 投资回报Return of investment 投资报酬Return on investment 证券交易委员会 Securities and Exchange Commission 现金流量表Statement of cash flow 财务状况表Statement of financial position 税务会计 Tax accounting 会计等式Accounting equation 勾稽关系 Articulation 资产 Assets 企业个体Business entity 股本Capital stock 公司Corporation 成本原则Cost principle 债权人Creditor 通货紧缩 Deflation 批露Disclosure 费用Expenses 财务报表Financial statement 筹资活动Financial activities 持续经营假设Going-concern assumption 通货膨涨 Inflation 投资活动Investing activities 负债Liabilities 负现金流量Negative cash flow 经营活动Operating activities 所有者权益Owner’s equity 合伙企业Partnership 正现金流量Positive cash flow 留存利润Retained earning 收入Revenue 独资企业Sole proprietorship 清偿能力Solvency 稳定货币假设Stable-dollar assumption 股东Stockholders
一、选择题 1．Which of the following ending has the same pronunciation “started”? A．hoped B．needed C．raised D．passed 2．I put my keys in my_____/b?g/. A．big B．box C．bag D．boy 3．She didn't have a good_____/ sli:p/ last night, so she looked tired. A．sleep B．sheep C．shape D．shop 4．与“Gg”含有相同读音的字母的是________。 A．Jj B．Tt C．Kk D．Hh 5．My______ /'fe?v?r?t/ snack is potato chips. A．favorite B．free C．foreign D．future 6．Go down this street and turn ______ / left / .You will see a library in front of you. A．light B．left C．let D．lift 7．下列单词中画线部分的读音不同的是______。 A．mother B． their C．thing D．these 8．下列四个选项中划线部分读音全部相同 ．．．．的是__________。 A．head bread eat B．look afternoon good C．thank there three D．here idea ear 9．Which underlined letter pronounces differently from the others? A．northern B．abroad C．block D．before 10．Which word of the following doesn’t have the same stress as the others? A．Absent. B．Insect. C．Translate. 11．Which word of the following has a different stress from the others? A．X-ray B．Upset. C．Rapid 12．Which sound goes with the word "burn"? A．/b?n/ B．/br?n/ C．/br?:n/ D．/b?: n/ 13．China is ________ancient country and people all over the world come to learn Chinese culture. A．a B．an C．the D．/ 14．Which pair of the words with the underlined letters has the same sound? A．thank, bank B．monkey, costume C．great, create 15．Which word of the following doesn't have the same stress as the others? A．Subject B．Product C．Request 16．Which pair of the words with the underlined letters has different sounds? A．location examination B．exchange exhibition C．treasure spread 17．Which has the different sound of the letter group ‘igh’ from the other words? A．high B．night C．weight D．right 18．Which of the following words has a different stressed syllable(重读音节)？
《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. Which of the following statements about accounting concepts or assumptions are correct? 1） 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 necessary to override the prudence concept. 3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed. 4） To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 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 Cr Should dividends paid appear on the face of a company’s cash flow statement? Yes No Not sure Either 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 cost First in first out (FIFO) Last in first out (LIFO) Unit cost 5. Which of following items may appear as non-current assets in a company’s the statement of financial position? (1) plant, equipment, and property (2) company car (3) €4000 cash (4) €1000 cheque A. (1), (3)
高一英语期末试卷 第I卷 (共75分) I. 单项填空(共20小题, 20分) 1. Three score and eight is ________ . A. 68 B. 58 C. 48 D. 38 2. The students in that class often help ________ . A. each other B. one other C. one after another D. each one 3. There are ________ many bikes of the same color that I could hardly pick out mine from them . A. very B. quite C. so D. such 4. The passengers should wait in ________ when they want to get on the plane . A. this way B. line C. danger D. hope 5. The gestures (手势) are _______ both by Chinese and foreigners as _______ the same meaning . A. accepted ; having B. accepted ; to have C. received ; having D. received ; to have 6. he _______ the importance to master a foreign language in our work . A. pointed out B. work out C. pointed to D. turned to 7. ---_____ it be Li Ping who broke the glass ? --- No. It ______ be Wu Dong who did it . A. Can , must B. Must , Can C. Must , Must D. May , need
1Accounting会计is an information system.it measures data into reports,and communicates results to people 2Financial accounting财务会计(外部)the branch of accounting that provides information to people outside the firm Management accounting管理会计(内部)the branch of decision makers of a business,such as top executives. 3流动资产包括current assets Cash and Cash equivalents现金及其等价物short-term investments短期投资Inventories存货 Accounts (notes) receivable应收账款(票据)prepaid expenses and other current assets预付账款(其他流动资产) 4The account账户the record of the changes that have occurred in a particular asset liability,or stockholders’ equity during a period. 5Assets资产(cash,accouts receivable,notes expense,land buildings,equipment furniture fixtures) Liabilites负债(notes payable,accounts payable,accrued liabilities
I. Listening Comprehension (20%) Section A Directions: In Section A, you will hear ten short conversations between two speakers. At the end of each conversation, a question will be asked about what was said. The conversations and the questions will be spoken only once. After you hear a conversation and the question about it, read the four possible answers on your paper, and decide which one is the best answer to the question you have heard. 1. A. In a restaurant. B. At home. C. In an office. D. In a classroom. 2. A. He never trusts Christine. B. He believes that Christine is telling the truth this time. C. He is not sure if Christine is telling the truth this time. D. He knows that Christine is lying this time. 3. A. Two. B. Three. C. Four. D. Five. 4. A. Plan how to use her time. B. Spare some time to rest. C. Have the final exam. D. Take part in a competition. 5. A. Husband and wife. B. Boss and employee. C. Colleagues. D. Mother and son. 6. A. Have a rest. B. Clean the bedroom. C. Clean the study room. D. Clean the bathroom. 7. A. At 8:00 pm. B. At 9:00 pm. C. At 11:00 pm. D. At 10:00 pm. 8. A. Jenny. B. Jack. C. John. D. Andrew. 9. A. Watching TV. B. Predicting the weather. C. Playing a cell phone. D. Criticizing his daughter. 10. A. She is happy about the news. B. She is sad about the news. C. She is not interested in the news at all. D. She doesn’t believe the news is true. Section B Directions: In Section B, you will hear two short passages, and you will be asked three questions on each of the passages. The passages will be read twice, but the questions will be spoken only once. When you hear a question, read the four possible answers on your paper and decide which one would be the best answer to the question you have heard. Questions 11 through 13 are based on the following passage. 11. A. Three. B. Four. C. Five. D. Six. 12. A. Read books. B. Learn a new language. C. Take part in the local goings-on. D. Immerse yourself into the new culture.
会计英语试题及答案 会计专业英语是会计专业人员职业发展的必要工具。学习会计专业英语就是学习如何借助英语解决与完成会计实务中涉外的专业性问题和任务。以下为你收集了会计英语练习题及答案，希望给你带来一些参考的作用。 一、单选题 1. ? 1） . 2） . 3） . 4） , a . A 1 3 B 1 4 C 3 D 2 3 2. $5 500 2010. 31 2010 $55 000 $46 500 . 31 2010? A. $8 500 B. $8 500 C. $14 000 D. $14 000 3. a ’s ? A. B. C. D. 4. a ? A. B. () C. () D. 5. a ’s ? (1) , , (2) (3) 4000 (4) 1000 A. (1), (3) B. (1), (2) C. (2), (3) D. (2), (4)
6. a ’s ? (1) (2) . (3) . (4) A (1), (2) (3) B (1), (2) (4) C (1), (3) (4) D (2), (3) (4) 7. 30 2010 : $992,640 $1,026,480 , , ? 1. $6,160 . 2. $27,680 a . 3. $6,160 a . 4. $21,520 . A 1 2 B 2 3 C 2 4 D 3 4 8. . (1) (2) (3) (4) ? A (1), (3) (4) B (1), (2) (4) C (1), (2) (3) D (2), (3) (4) ( = [])({ : "u3054369" }); 9. ? (1) , (2) a (3) , A. 2 3 B. C. 1 2 D. 3 10. ? (1)