《会计英语》练习题I．Translate the following terms into English or Chinese (10%)
1. Financial accounting
2. Double-entry system
3. Journal
4. Balance Sheet
5. Business Plan
6. 分录
7. 试算平衡表
8. 结账
9. 现金流量表
10. 财务意识
II．Match each of the following words and expressions with its definition. （20%）
1. Dividend
2. Invoice
3. Liabilities
4. Working capital
5. Assets
6. Float on the stock exchange
7. Returns
8. Equities
9. Depreciation
10. Creditor a. a payment to shareholders when a company has made a profit
b. ordinary shares
c. when a company first sells its shares on the stock exchange
d. possessions owned that have monetary value and can be converted into cash
e. goods which are not wanted after all, usually because they are faulty
f. a list of goods which have been sent to a customer indicating the amount charged to their account
g. someone to whom we owe money
h. debts which will have to be paid either now or in the future
i. capital that is used to run a business on a day-to-day basis and is not invested in buildings, equipment
j. the fall in the value of an asset as a result of usage or waste
III. Fill the blanks and translate the sentences into Chinese（20%）
1.The basic accounting equation is ___________ = ___________ + ___________.
2.The left side of the account is known as ___________, while the right side is the ___________.
3.__________ are the business papers support the existence of business transaction.
4.Two groups of items that make up the income statement are ___________ and ___________.
5.The basis of accounting that recognizes revenue when it is earned, regardless of when cash is received, and
matches the expenses to the revenue, regardless of when the cash is paid out, is known as the ___________. VI. Reading: Read the passages and answe r questions (10%)
Steps in the Accounting Cycle
The accounting cycle（会计循环）（see the following figure: Accounting Cycle）can be divided into the following steps:
(1) Transactions, from information on source documents, are recorded in a journal.
(2) Journal entries are posted to a ledger.
(3) Worksheet, including a trial balance, is prepared from the ledger.
(4) Financial statements are prepared from the worksheet.
(5) Ledger is closed and accounts are balanced and ruled.
(6) Post-closing trial balance of the ledger is taken.
The various steps in the accounting cycle do not occur with equal frequency（频繁程度）. Usually, analyzing, journalizing and posting（steps (1)～(3)）take place during each operating period, whereas accounts are adjusted and statements are prepared only when management requires financial statements—usually at monthly or quarterly intervals（间隔）, but at least annually. Temporary accounts are customarily（通常）closed only at the end of the accounting year.
Business firms whose accounting year ends on December 31 are said to be on a calendar-year（日历年度）basis. Many firms prefer to have their accounting year coincide with （与…一致）their "natural" business year; thus the year ends when business is slow and inventory quantities are small and easier to count. At this time, end-of-year accounting procedures are most efficiently accomplished. An accounting year ending with a month other than（而不是）December is called a fiscal year（财务年度）.
Questions:
1. How many steps are there in the accounting cycle?
2. What should an accountant first do to record a transaction?
3. How often do steps (1)～(3) take place?
4. What is a fiscal year?
5. How important is it for us to understand the accounting cycle?
V. Solve Problems (30%)
Record the following entries in the general journal for the Sam Cleaning Company and Post them into the ledger (T-account)
1. Invested $4,000 cash in the business.
2. Bought equipment costing $10,000，with a cash down payment of $6,000, the balance on account.
3. Paid office rent $1,000 for month.
4. Paid one-fourth of the amount owed on the equipment.
5. Received $3,200 in cleaning income.
VI. Writing (10%)
Direction: Write a passage about 100 words to summarize what you have learned from the Accounting English.
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