会计专业英语期末试题及答案

会计专业英语答案【篇一：15 春学期《会计专业英语》在线作业满分答案】a. an expense accountb. a capital accountc. a liability accountd. an asset account?正确答案：d2. the debt created by a business when it makes a purchase on account is referred to asana. account payableb. account receivablec. assetd. expense payable ?正确答案：a3. when the corporation issuing the bonds has the right to repurchase the bonds prior tothe maturity date for a specific price, the bonds area. convertible bondsb.unsecured bonds c. debenturebonds d. callable bonds?正确答案：d4. which of the items below is not a business organization form? （）a. entrepreneurshipb.proprietorshipc. partnershipd.corporation ?正确答案：a5. cash investments made by the owner to the business arereported on the statement of cash flows in thea. financing activities sectionb. investing activities sectionc. operating activities sectiond. supplemental statement?【篇二：《会计专业英语》期末试题(a 卷)答案】txt>1. (1) journal entry —a chronological record of transactions,showing for each transaction the debits and credits to beentered in specific ledger accounts.(2) going concern ——an assumption that a business entitywill continue in operation indefinitely and thus will carry out itsexisting commitments.(3) matching principle ——the revenue earned druing anaccounting period is offset with the expenses incurred ingenerating this revenue.(4) working capital ——current assets minus current liabilities(5) revenue expenditure ——any expenditure that will benefitonly the current accounting period.2. 每空1 分，其中两个debit 合计1 分(1) (two). (debit). (debit). (equal). (2) (adjusting). (assign). (end).(prior) (3) (liquid). (that). (at)3.题一10 分，第一小段 6 分，第二小段 4 分。

函授点《会计英语》期末试卷姓名------ 专业------ 分数------一、单项选择题（20分）1. Listed below are some characteristics of financial information. (1) True (2) Prudence (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) only2. In preparing its financial statements for the current year, a company’s closing inventory was understated by $300,000. What will be the effect of this error if it re mains uncorrected?A The current ye ar’s profit will be overstated and next year’s profit will be understatedB The current year’s profit will be understated but there will be no effect on nextyear’s profitC The current year’s profit will be understated and next year’s profit will be overstatedD The current year’s profit will be overstated but there will be no effect on next year’s profit.3. In preparing a company’s cash flow statement, which, if any, of the following items 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 1 onlyB 2 onlyC 3 onlyD None of them.4. 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 inhand was $9,300 and there was an outstanding heating oil bill of $3,200. Payme nts made for heating oil during the year ended 31 March 2010 totalled $34,600.Based on these figures, what amount should appear in the co mpany’s income st atement for heating oil for the year?A $23,900B $36,100C $45,300D $33,1005. In times of inflation In times of rising prices, what effect does the use of the historical cost concept have on a company’s asset values and profit?A. Asset values and profit both undervaluedB. Asset values and profit both overvaluedC. Asset values undervalued and profit overvaluedD. Asset values overvalued and profit undervalued二、将下列报表翻译成中文（每个3分，共60分）1. ABC group the statement of financial position as at 31/Dec/2010 €2. Non-current assets3. Intangible assets4. Property, plant and equipment5. Investment in associates6. Held-for-maturity investment7. Deferred income tax assets8. Current Assets9. Trade and other receivables10. Derivative financial instruments11. Cash and cash equivalents12. Assets of discontinued operation13. Assets in total14. Current Liabilities15. Accrued payroll16. Accrued dividend17. Accrued accounts18. Non-current Liabilities19. Liabilities in total20. Net Assets三、业务题（每个4分，共20分）1) He pays a telephone bill of $800 by cheque2) The credit customer pays the balance on his account3) He returened some faulty goods to his supplier Kamen, which worth $400.4) Bank interest of $70 is received5) A cheque customer returned $400 goods to him for a refund函授点《会计英语》答案一、单项选择题1-5 ACDDC二、将下列报表翻译成中文1. 编制单位：ABC 资产负债表时间：2010年12月31日单位：欧元2. 非流动资产 3. 无形资产 4. 固定资产 5. 长期股权投资 6. 持有至到期投资7. 递延所得税资产 8. 流动资产 9. 应收账款及其他应收款 10. 货币资金 11. 非持续性经营资产 12. 资产总计 13. 负债 14. 流动负债15. 应付职工薪酬 16. 应付股利 17. 应付账款 18. 非流动负债 19. 负债总计 20. 净资产三．业务题1) Dr administrative Cr bank2) Dr bank Cr accounts receivable3) Dr bank Cr finished goods4) Dr bank Cr financial expense5) Dr sales revenue Cr bank。

《财会专业英语》期终试卷the following into corresponding groups. (15 points)on hand receivable to suppliers4. Other receivables loans assetsof production year profit 9. Capital reserve loans payables 12. Con-operating expenses expenses of sale 15. Accrued payrollAssets Liabilities Owner’sequtiy Cost Profit andlossII.Please find the best answers to the following questions. (25 Points)1.Aftin Co. performs services on account when Aftin collects the accountreceivableincrease do not change’s equity decreases decrease2. A balance sheet report .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period3. The following informationinformation aboutabout the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 how much the owner’sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on accountis .A. Payable 890Cr. Cash 890B. 890Cr. Accounts Receivable 890C. 890Cr. Account Payable 890D. 890Cr. Service Revenue 8906. The ending Cash account balance is $ 57,600. During the period, cashreceipts equal $ 124,300. If the cash payments during the period total$ 135,100, then the beginning Cash amount must haveA.$ 68,400B.$ 46,800C.$ 181,900 be determined from the informationgiven7. Use the following selected information for the Alecia Company tocalculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500 Salary expense $ 56,100 Salary payable$ 3,600Service revenue$ 190,500A. $ 201,000B. $ 137,100C. $ 265,000D. $ 74,5008. ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account?A $ 500 B. $ 900 C. $ 1,200 D. $ 1,500debit side of an account is used to recordC. increases or decreases,depending on the type of account,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equity of $50, owner’s equity of $50, the year ABC the year ABC the year ABC earned revenue of earned revenue of earned revenue of $110,000 and paid $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the year?much is the owner’s equity at the end of the year?A. $150,000B.$180,000C.$190,000D.$220,0001111．．Which of the following is true? __________. A. Owners’ Equity Owners’ Equity - Assets = Liabilities - Assets = Liabilities B. Assets Assets –– Owners’ Equity = LiabilitiesC. Assets + Liabilities = Owners’ EquityD. Liabilities = Owners’ Equity + Assets1212．．Which of these is an example of an liability account? _____ ________. A. Service Revenue B.CashC. Accounts ReceivableD. Short-term loans1313．．Which of the following is a correct statement of the rules of debit and credit? ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity1414．If earnings haven’t been distributed as dividends, it should have ．If earnings haven’t been distributed as dividends, it should havebeen retained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash1515．．Please select the components which should be deducted from the original value of plant assets when we compute their net value _______. A. Merchandise inventory B. Income tax payable C. Accumulated depreciation D. Retained earnings1616．． Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet: Cash $ 100 Accounts receivable 500 Stockholders' equity 700 Accounts payable 200 Short-term loans 1,000Based on the information provided, how much are Remington's liabilities?A. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' stockholders' equity equity of $160,000. During the year, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000. the assets of a business are $162,600 and the liabilities are $86,000,howmuch is the owner’s equity?A..$76,600B. $248,600.C. $147,000.D. $250,000. Co. purchases on account when Aftin pay the account payableincrease do not change ’s equity decreases decrease income statement reports . A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period following following information information information about about the the assets assets assets and and and liabilities liabilities liabilities at at the the end end of 20 x 1 and 20 x 2 is given below:20 x 120x 2 Assets$ 75,000 $ 90,000Liabilities36,00045,000If net income income in in in 20 20 20 x x 2 was was $ $ 1,500 1,500 and and there there were were no withdrawals, withdrawals, how how much did the owner invest? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,000Company receive $ 2 850 on account. The effect of this transaction on the accounting equation is to . A. Decrease assets and decrease owner’s equity B. Increase liabilities and decrease owner’s eq Increase liabilities and decrease owner’s equity uity C. Have no effect on total assetsD. Decrease assets and decrease liabilitiesentry to record the collection of $ 8000 from a customer on account is . A. Payable 80008000B.8000Receivable8000C.8000Payable8000D.8000Revenue8000list of a business entitys assests,liabilities,and owner list of a business entitys assests,liabilities,and owner’’s equity on a given date isbalance sheet income statementstatement of cash flow C. A retained earnings statement III. Translate the following sentences into Chinese.(10 points) 1. The accounting profession today is changing rapidly.2. Assets are what you are what you ’s Equty is what’s left over .3. The original voucher is obtained or filled in what business transactions took place.4. Normally an asset account will have a debit balance.5. The term The term ““debit debit”” is often abbreviated to is often abbreviated to ““Dr.Dr.””IV. IV. Prepare Prepare Prepare a a convenient convenient bank bank bank reconciliation reconciliation reconciliation form form form according according according to to thefollowing bank statement and de p ositorpositor’s book.(10 points)Bank StatementDate Description Money out Money In BalanceMay0144 000 May02Salary30 000May10Check03420 000May18Interest Paid 5 000May23Cash Withdrawal 15 000May31Sales38 00072 000Depositor’s R ecordDate Description Money out Money In BalanceMay0144 000May02Salary30 000May10Check03420 000May18Check 03546 000May23Cash Withdrawal 15 000May31Sales50 00043 000Bank ReconciliationDate MonthItems Amonut Items AmonutBalance per Bank Statement Balance per Depositor’sRecordAdd: Deposits not yetcredited by bank Less: Outstanding check Add: Items credited by the bank,bet not yetentered on books. Less: Items charged bythe bank,bet notyet entered onbooks.Adjusted Balance Adjusted BalanceV. Put the correct answer into the blanks.(6points)basic Accouting equation is: .rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/ VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve machine3. Construction in progress worth5. promissory note6. in other wordsdistribution 8. storage roomplus interest 10. accounting statementVII. The following is transactions of ABC make entries.(24 poins) 1..ABC company was established on ,2010,when the owners,Mrs Smiths andhis friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2.ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissorynote from a lacal bank.4.ABC buys a machine for $20,000,and pays the bill in cash.5.ABC paid the telephone bill for $700 in cash.6.ABC paid $3,800 on the accounts payable.7. ABC determine the month depreciation of the manufactory bulding for $5,000.8. ABC purchasese materials of $5,000 on account.9. ABC sells some goods to a client and receives a check from the customer for $ 2,000 for the goods provided.issues a 9%-59%-5，， $100,000 bond at its face amount. The bond is dated January 1, 2010 and and requires requires requires interest interest interest payments payments payments until until until the the the bond bond principal principal at at the end of 5 years.(1) Entry to bonds issued;(2) Entry to record the accrual interest for each year; (3) 2014 the company repays the principal plus interest.《财会专业英语》期 末 试卷 答卷the following into corresponding groups. (15 points) AssetsLiabilitiesOwner ’s equtiyCostProfit andlossII. Please find the best answers to the following questions. (25 Points) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2021 22 23 24 25III. Translate the following sentences into Chinese.(10 points)1.2.3.4.5.IV. （10points） Bank ReconciliationDate MonthItems Amonut Items Amonut Balance per Bank Statement Balance per Depositor’sRecordAdd: Deposits not yetcredited by bank Less: Outstanding check Add: Items credited by the bank,bet not yet enteredon books.Less: Items charged by the bank,bet not yet enteredon books.Adjusted Balance Adjusted BalanceV. Put the correct answer into the blanks.(6points)basic Accouting equation is: .rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. 2.3. 4.5. 6.7. 8.9. 10.VII. The following is transactions of ABC make entries.(24 poins)《财会专业英语》答案the following into corresponding groups. (15 points)Assets Liabilities Owner’sequtiy Cost Profit andloss1、2、3、4、6、5、1111、、158、9、7、1010、、1212、、1313、、14II. Please find the best answers to the following questions. (25 Points) 12345678910B ACD B A C C C A 11121314151617181920B D A BC C CD A D 2122232425D A C B AIII. Translate the following sentences into Chinese.(10 points)（略）IV. （10points） Bank ReconciliationDate 31 Month MayItems Amonut Items AmonutBalance per Bank Statement72 000Balance per Depositor’sRecord43 000Add: Deposits not yetcredited by bank 50 000Add: Items credited by thebank,bet not yet entered38 000Less: Outstanding check46 000on books.Less: Items charged by thebank,bet not yet enteredon books.5 000Adjusted Balance76 000Adjusted Balance76 000 V. Put the correct answer into the blanks.(6points)=Liabilities+Owner’s equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years of Service LifeVI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC make entries.(24 poins)（略）。

南开大学22春“会计学”《会计专业英语》期末考试高频考点版（带答案）一.综合考核(共50题)1.Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet.()A.正确B.错误参考答案：B2.Under the equity method, a stock purchase is recorded at its original cost and is not adjusted to fair market value each accounting period.()A.正确B.错误参考答案：A3.Using accrual accounting, expenses are recorded and reported only ()A.when they are incurred, whether or not cash is paidB.when they are incurred and paid at the same timeC.if they are paid before they are incurredD.if they are paid after they are incurred参考答案：A4.The liability for a pidend is recorded on which of the following dates?()A.the date of recordB.the date of paymentC.the date of announcementD.the date of declaration参考答案：D5.The two most common specialized fields of accounting in practice are ()A.forensic accounting and financial accountingB.managerial accounting and financial accountingC.managerial accounting and environmental accountingD.financial accounting and tax accounting systems参考答案：B6.Notes may be issued().A.when assets are purchasedB.to creditors to temporarily satisfy an account payable created earlierC.when borrowing moneyD.all of the above参考答案：D7.The declaration and issuance of a stock pidend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.()A.正确B.错误参考答案：A8.In the accounting cycle, the last step is ()A.preparing the financial statementsB.journalizing and posting the adjusting entriesC.preparing a post-closing trial balanceD.journalizing and posting the closing entries参考答案：C9.A.convertible bondsB.unsecured bondsC.debenture bondsD.callable bonds参考答案：D10.The primary purpose of a stock split is to ()A.increase paid-in capitalB.reduce the market price of the stock per shareC.increase the market price of the stock per shareD.increase retained earnings参考答案：B11.If the proceeds from the sale of bond investments exceeds the carrying amount of the bonds, a gain is realized.()A.正确B.错误参考答案：A12.If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.()A.正确B.错误参考答案：B13.A characteristic of a fixed asset is that it is ()A.intangibleed in the operations of a businessC.held for sale in the ordinary course of the business参考答案：B14.If ending inventory for the year is overstated, owner's equity reported on the balance sheet at the end of the year is understated.()A.正确B.错误参考答案：B15.For strong internal control system over cash, it is important to have the duties related to cash receipts and cash payments pided among different employees.()A.正确B.错误参考答案：A16.The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.()A.正确B.错误参考答案：A17.Profit is the difference between().A.assets and liabilitiesB.the incoming cash and outgoing cashC.he assets purchased with cash contributed by the owner and the cash spent to operate the businessD.the amounts received from customers for goods or services and the amounts paid for the s used to provide the goods or services参考答案：DStockholders’ equity ()A.is usually equal to cash on handB.includes paid-in capital and liabilitiesC.includes retained earnings and paid-in capitalD.is shown on the income statement参考答案：C19.The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare the financial statements.()A.正确B.错误参考答案：B20.Current liabilities are().A.due, but not receivable for more than one yearB.due, but not payable for more than one yearC.due and receivable within one yearD.due and payable within one year参考答案：D21.Using accrual accounting, expenses are recorded and reported only().A.when they are incurred, whether or not cash is paidB.when they are incurred and paid at the same timeC.if they are paid before they are incurredD.if they are paid after they are incurred参考答案：A22.Sinking Fund Cash would be classified on the balance sheet as ()A.a current assetD.an investment参考答案：D23.Revenue is earned only when money is received.()A.正确B.错误参考答案：B24.The excess of issue price over par of common stock is termed a(n) ()A.discountB.incomeC.deficitD.premium参考答案：D25.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.()A.正确B.错误参考答案：B26.The increase side of all accounts is the normal balance.()A.正确B.错误参考答案：Aflows in the ()A.financing activities sectionB.investing activities sectionC.operating activities sectionD.supplemental statement参考答案：A28.Paying an account payable increases liabilities and decreases assets.()A.正确B.错误参考答案：B29.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.()A.正确B.错误参考答案：B30.Revenue accounts are increased by credits.()A.正确B.错误参考答案：A31.When common stock is issued in exchange for land, the land should be recorded in the accounts at the par amount of the stock issued.()A.正确B.错误参考答案：B32.In which section of the balance sheet would Treasury Stock be reported?()A.Fixed assetsB.Long-term liabilitiesC.Stockholders'equityD.Intangible assets参考答案：C33.The allowance for doubtful accounts is similar to accumulated depreciation in that the account represents the total of all accounts written-off since the beginning year.()A.正确B.错误参考答案：B34.The interest rate specified in the bond indenture is called the ()A.discount rateB.contract rateC.market rateD.effective rate参考答案：B35.Overall objective of financial reporting is to provide financial information useful to internal users in making economic decisions.()A.正确B.错误参考答案：B36.The amount of the outstanding checks is included on the bank reconciliation as a(n) ()C.deduction from the balance per bank statementD.addition to the balance per depositor’s records参考答案：C37.The prices of bonds are quoted as a percentage of the bonds' market value.()A.正确B.错误参考答案：B38.For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets.()A.正确B.错误参考答案：A39.Allowance for Doubtful Accounts is a liability account.()A.正确B.错误参考答案：B40.The cost method of accounting for stock ()A.recognizes pidends as incomeB.is only appropriate as part of a consolidationC.requires the investment be increased by the reported net income of the investeeD.requires the investment be decreased by the reported net income of the investee参考答案：AThe difference between Accounts Receivable and its contra asset account is called net realizable value.()A.正确B.错误参考答案：A42.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.()A.正确B.错误参考答案：A43.Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.()A.正确B.错误参考答案：B44.The accrual basis of accounting requires revenue be recorded when cash is received from customers.()A.正确B.错误参考答案：B45.The characteristics of partnership exclude().A.more financial resources than a proprietorshipB.additional management skillsC.limited liabilityD.unlimited liability46.Even when a trial balance is in balance, there may be errors in the inpidual accounts.()A.正确B.错误参考答案：A47.A capital expenditure results in a debit to().A.an expense accountB.a capital accountC.a liability accountD.an asset account参考答案：D48.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.()A.正确B.错误参考答案：B49.Debts owed by a business are referred to as ()A.accounts receivablesB.equitiesC.owner’s equityD.liabilities参考答案：D50.Journalizing is the process of entering amounts in the ledger.()A.正确B.错误参考答案：B。

《财会专业英语》期终试卷I。

Put the following into corresponding groups。

（15 points)1。

Cash on hand 2.Notes receivable 3.Advances to suppliers 4. Other receivables 5。

Short—term loans 6.Intangible assets7.Cost of production 8。

Current year profit 9。

Capital reserve 10。

Long-term loans 11。

Other payables 12. Con—operating expenses13。

Financial expenses 14.Cost of sale 15. Accrued payrollII.Please find the best answers to the following questions。

（25 Points) 1. Aftin Co。

performs services on account when Aftin collects the accountreceivableA.assets increase B。

assets do not changeC.owner’s equity d ecreasesD.liabilities decrease2. A balance sheet report 。

A。

the assets，liabilities，and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC。

t he cash receipt and cash payment during the periodD。

the difference between revenues and expenses during the period3。

《财会专业英语》期终试卷the following into corresponding groups. (15 points)on hand receivable to suppliers4. Other receivables loans assetsof production year profit 9. Capital reserveloans payables 12. Con-operating expensesexpenses of sale 15. Accrued payrollII.Please find the best answers to the following questions. (25 Points) 1.Aftin Co. performs services on account when Aftin collects the accountreceivableincrease do not change’s equity decreases decrease2. A balance sheet report .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period3. The following information about the assets and liabilities at the endof 20 x 1 and 20 x 2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000how much the owner’sequity at the end of 20 x 2A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on account is .A. Payable 890Cr. Cash 890B. 890Cr. Accounts Receivable 890C. 890Cr. Account Payable 890D. 890Cr. Service Revenue 8906. The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total $ 135,100, then the beginning Cash amount must haveA.$ 68,400B.$ 46,800C.$ 181,900 be determined from the informationgiven7. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500Salary expense $ 56,100Salary payable $ 3,600Service revenue $ 190,500A.$ 201,000B.$ 137,100C.$ 265,000D.$ 74,5008. ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies accountA $ 500B.$ 900C.$ 1,200D.$ 1,500debit side of an account is used to recordC. increases or decreases,depending on the type of account,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equity of $50, the year ABC earned revenue of $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the yearA. $150,000B.$180,000C.$190,000D.$220,00011．Which of the following is true __________.A. Owners’ Equity - Assets = LiabilitiesB. Assets –Owners’ Equity = LiabilitiesC. Assets + Liabilities = Owners’ EquityD. Liabilities = Owners’ Equity + Assets12．Which of these is an example of an liability account _____ ________.A. Service RevenueB. CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debit and credit ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity14．If earnings haven’t been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deducted from the original value of plant assets when we compute their net value _______.A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD. Retained earnings16． Which of the following would not be included on a balance sheetA. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet:Cash $ 100Accounts receivable 500Stockholders' equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remington's liabilitiesA. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. Duringthe year, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year.How much were the dividendsA. $20,000.B. $60,000.C. $140,000.D. $220,000. the assets of a business are $162,600 and the liabilities are $86,000,how much is the owner’s equityA..$76,600B. $248,600.C. $147,000.D. $250,000. Co. purchases on account when Aftin pay the account payable increase do not change’s equity decreases decreaseincome statement reports .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: 20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000If net income in 20 x 2 was $ 1,500 and there were no withdrawals, how much did the owner investA.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,000Company receive $ 2 850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilitiesentry to record the collection of $ 8000 from a customer on account is .A. Payable 80008000B. 8000Receivable 8000C. 8000Payable 8000D. 8000Revenue 8000list of a business entitys assests,liabilities,and owner’s equity ona given date isbalance sheet income statementstatement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points)1.The accounting profession today is changing rapidly.2.Assets are what you are what you ’s Equty is what’s left over .3.The original voucher is obtained or filled in what businesstransactions took place.4.Normally an asset account will have a debit balance.5.The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to thefollowing bank statement and depositor’s b ook.(10 points)Bank StatementDepositor’s RecordBank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)basic Accouting equation is: .rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve machine3. Construction in progress worth5. promissory note6. in other wordsdistribution 8. storage roomplus interest 10. accounting statementVII. The following is transactions of ABC make entries.(24 poins) 1..ABC company was established on ,2010,when the owners,Mrs Smiths andhis friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2.ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3.A customer buys $3,000 worth of goods from ABC ,and draws a promissorynote from a lacal bank.4.ABC buys a machine for $20,000,and pays the bill in cash.5.ABC paid the telephone bill for $700 in cash.6.ABC paid $3,800 on the accounts payable.7.ABC determine the month depreciation of the manufactory bulding for$5,000.8.ABC purchasese materials of $5,000 on account.9.ABC sells some goods to a client and receives a check from the customerfor $ 2,000 for the goods provided.issues a 9%-5， $100,000 bond at its face amount. The bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years.(1) Entry to bonds issued;(2) Entry to record the accrual interest for each year;(3) 2014 the company repays the principal plus interest.《财会专业英语》期末试卷答卷the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points) 1.2.3.4.5.IV. （10points） Bank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)basic Accouting equation is: .rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. 2.3. 4.5. 6.7. 8.9. 10.VII. The following is transactions of ABC make entries.(24 poins)《财会专业英语》答案the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points)（略）IV. （10points） Bank ReconciliationDate 31 Month MayV. Put the correct answer into the blanks.(6points)=Liabilities+Owner’s equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years of Service LifeVI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC make entries.(24 poins)（略）。

会计英语期末试题及答案第一部分：单项选择题（共20题，每题1分，共20分）1. The ________ principle states that expenses should be recorded and recognized in the accounting period in which they are incurred.a) Materialityb) Matchingc) Conservatismd) Historical cost答案：b) Matching2. In accounting, the term "debit" refers to:a) An increase in an asset or expense accountb) An increase in a liability or revenue accountc) A decrease in an asset or expense accountd) A decrease in a liability or revenue account答案：a) An increase in an asset or expense account3. The ________ principle states that all relevant information that could affect the decision-making of users should be included in the financial statements.a) Materialityb) Faithful representationc) Comparabilityd) Relevance答案：d) Relevance4. The balance sheet reports:a) Revenues, expenses, and net incomeb) Assets, liabilities, and equityc) Cash flows from operating, investing, and financing activitiesd) Changes in equity during the accounting period答案：b) Assets, liabilities, and equity5. Which of the following statements about the accrual basis of accounting is true?a) Revenues and expenses are recognized when cash is received or paidb) Transactions are recorded when they occur, regardless of when cash is received or paidc) Only cash transactions are recorded in the financial statementsd) Liabilities and expenses are recognized when they are incurred, and revenues are recognized when cash is received答案：b) Transactions are recorded when they occur, regardless of when cash is received or paid6. The financial statement that shows a company's revenues, expenses, and net income or loss for a specific period of time is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：a) Income statement7. A decrease in an asset account is recorded as a ________.a) Debitb) Creditc) Liabilityd) Equity答案：b) Credit8. The accounting equation can be expressed as:a) Assets = Liabilities + Equityb) Assets + Liabilities = Equityc) Equity = Assets + Liabilitiesd) Liabilities + Equity = Assets答案：a) Assets = Liabilities + Equity9. The financial statement that shows the changes in equity during the accounting period is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：d) Statement of retained earnings10. Which of the following is an example of an intangible asset?a) Landb) Buildingsc) Inventoryd) Goodwill答案：d) Goodwill11. The ________ principle states that assets should be recorded at their original cost.a) Objectivityb) Consistencyc) Historical costd) Materiality答案：c) Historical cost12. The statement of cash flows reports:a) Revenues, expenses, and net incomeb) Assets, liabilities, and equityc) Cash flows from operating, investing, and financing activitiesd) Changes in equity during the accounting period答案：c) Cash flows from operating, investing, and financing activities13. Which of the following is a current liability?a) Accounts payableb) Bond payable due in 10 yearsc) Mortgage payable due in 5 yearsd) Long-term note payable答案：a) Accounts payable14. The ________ principle states that the financial statements should be prepared assuming that the entity will continue to operate indefinitely.a) Going concernb) Revenue recognitionc) Materialityd) Consistency答案：a) Going concern15. Which financial statement reports the financial position of a company at a specific point in time?a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：c) Balance sheet16. The ________ states that an entity should use the same accounting methods and procedures from period to period.a) Materialityb) Going concernc) Consistencyd) Historical cost答案：c) Consistency17. What type of account is "Accounts Receivable"?a) Assetb) Liabilityc) Revenued) Expense答案：a) Asset18. The financial statement that shows the cash inflows and outflows from operating, investing, and financing activities is the:a) Income statementb) Statement of cash flowsc) Balance sheetd) Statement of retained earnings答案：b) Statement of cash flows19. If a company has a current ratio greater than 1, it means that:a) The company has more assets than liabilitiesb) The company has more liabilities than assetsc) The company is profitabled) The company can pay its current liabilities with its current assets答案：d) The company can pay its current liabilities with its current assets20. Which of the following is considered an external user of financial statements?a) Company managementb) Employeesc) Suppliersd) Creditors答案：d) Creditors第二部分：填空题（共10题，每题2分，共20分）1. The periodicity assumption assumes that a company's activities can be divided into ________ periods of equal length.答案：accounting2. The ________ principle states that an entity should recognize revenues when they are earned, regardless of when cash is received.答案：revenue recognition3. The adjusting entry to record the use of supplies during an accounting period would include a ________ to the Supplies Expense account.答案：debit4. The adjusting entry to recognize revenue that has been earned but not yet collected would include a ________ to the Accounts Receivable account.答案：credit5. The ________ principle requires that expenses be reported in the same period as the revenue that is earned as a result of those expenses.答案：matching6. The financial statement that reports the financial position of a company at a specific point in time is the ________.答案：balance sheet7. The accounting equa tion can be expressed as: ________ = Assets − Liabilities.答案：Equity8. The financial statement that shows the changes in equity during the accounting period is the ________.答案：statement of retained earnings9. The adjusting entry to record the portion of prepaid rent that has been used during an accounting period would include a ________ to the Rent Expense account.答案：debit10. The unearned revenue account is a ________ account.答案：liability第三部分：简答题（共4题，每题10分，共40分）1. What is the matching principle in accounting? Why is it important?答案：The matching principle in accounting states that expenses should be recorded and recognized in the accounting period in which they are incurred, regardless of when the cash is paid. This principle is important to ensure that the expenses are properly matched with the revenues that theyhelp generate. By matching expenses with revenues, the financial statements provide a more accurate representation of the company's financial performance during a specific period. This helps users of the financial statements make informed decisions based on reliable financial information.2. Explain the difference between an asset and a liability. Provide an example of each.答案：An asset is a resource owned by a company that has economic value and is expected to provide future benefits. Examples of assets include cash, accounts receivable, inventory, and property, plant, and equipment.A liability, on the other hand, is an obligation or debt owed by a company to external parties. It represents an economic sacrifice that the company is required to make in the future. Examples of liabilities include accounts payable, loans payable, and accrued expenses.3. What is the purpose of the statement of cash flows? How is it prepared?答案：The purpose of the statement of cash flows is to provide information about the cash inflows and outflows from operating, investing, and financing activities during a specific period. It helps users understand how a company generates and uses its cash resources.The statement of cash flows is prepared using the indirect method or the direct method. In the indirect method, the net income from the income statement is adjusted for non-cash items and changes in working capital to arrive at the net cash provided by operating activities. Cash flows from investing and financing activities are directly reported. In the direct method,the actual cash receipts and payments are directly reported in each category of cash flows.4. What is the purpose of the adjusting entries? Provide two examples of adjusting entries and explain their impact on the financial statements.答案：The purpose of adjusting entries is to ensure that the revenues and expenses are properly recognized in the accounting period in which they are incurred, and that the balance sheet accounts reflect the true financial position of the company at the end of the period.Two examples of adjusting entries are:- Accrued expenses: An adjusting entry is made to recognize expenses that have been incurred but not yet paid or recorded. For example, at the end of the accounting period, salaries for the last few days of the period may not have been paid. An adjusting entry is made to recognize the expense for the unpaid salaries, which increases the expenses on the income statement and decreases the retained earnings on the balance sheet.- Prepaid expenses: An adjusting entry is made to recognize expenses that have been paid in advance but have not yet been used. For example, if a company pays rent for the next three months in advance, an adjusting entry is made to allocate a portion of the prepaid rent to the current accounting period. This decreases the prepaid rent on the balance sheet and increases the rent expense on the income statement.。

会计专业英语期末考试试卷1考试时间：2小时总分：100分一、判断：每题1分，共10分(正确的在题后括号内打钩，错误的打叉。

)1、R etained earning is not an asset; it is an element of stockholders'equity.( )2、在收付实现制下，收入是按照它在实际发生的期间，而不是实际收取现款的期间登记入账。

()3、The subsidiary accounts receivable ledger trial balance should agreewith the balance of the accounts receivable account in the general ledger.( )4、Cash budgets are not important to the management of cash flows.( )5、Profits decrease the owner's equity in the business. ( )6、All inventories shall be taken stock periodically. ( )7、In the periodic inventory system(实地盘存制)，the business does not keep acontinuous record of the inventory on hand.( )8、Non-current liabilities are obligations that must be paid within one year or theoperating cycle (whichever is longer).( )9、Central to the definition of a contingent liability is the element ofuncertainty.( )10、T he owner, s equity in a business is increased by borrowing money froma bank.( )二、单项选择题：每题2分，共20分(每题只有1个正确答案，多选或选错不得分)1、W hen an amount is entered on the ( ) side of an account, it is a credit, and theaccount is said to be credited.A、leftB、rightC、left or rightD、others2、Which is not included in long-term assets?( )A、fixed assetsB、intangible assetsC、cashD、deferred assets3、If a delivery truck costs $ 10, 000 and has an estimated residual value (残值)of $ 2, 000 at the end of its estimated useful life of fiveyears, the annual depreciation would be ( ) under the straight-line method.A、$ 2, 400B、$2, 000C、$ 1, 800D、$ 1, 6004、Total assets will be ( ) by the act of borrowing money from a bank.A、decreasedB、increasedC、remained (保持不变)D、uncertain5、The owners of a corporation (股份公司)are termed (称为)( )A、stockholdersB、investorsC、creditorsD、none of above (都不是)6、()是指会计忽略通货膨胀影响，对货币价值变动不作调整。

《财会专业英语》期终试卷 the following into corresponding groups. (15 points)on hand receivable to suppliers4. Other receivables loans assetsof production year profit 9. Capital reserveloans payables 12. Con-operating expensesexpenses of sale 15. Accrued payrollAssets Liabilities Owner’sequtiy Cost Profit andlossII.Please find the best answers to the following questions. (25 Points) 1.Aftin Co. performs services on account when Aftin collects the accountreceivableincrease do not change’s equity decreases decrease2. A balance sheet report .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period3. The following information about the assets and liabilities at the endof 20 x 1 and 20 x 2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 how much the owner’sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on account is .A. Payable 890Cr. Cash 890B. 890Cr. Accounts Receivable 890C. 890Cr. Account Payable 890D. 890Cr. Service Revenue 8906. The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total$ 135,100, then the beginning Cash amount must haveA.$ 68,400B.$ 46,800C.$ 181,900 be determined from the informationgiven7. Use the following selected information for the Alecia Company tocalculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500Salary expense $ 56,100Salary payable $ 3,600Service revenue $ 190,500A.$ 201,000B.$ 137,100C.$ 265,000D.$ 74,5008. ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account?A $ 500B.$ 900C.$ 1,200D.$ 1,500debit side of an account is used to recordC. increases or decreases,depending on the type of account,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equity of $50, the year ABC earned revenue of $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the year?A. $150,000B.$180,000C.$190,000D.$220,00011．Which of the following is true? __________.A. Owners’ Equity - Assets = LiabilitiesB. Assets –Owners’ Equity = LiabilitiesC. Assets + Liabilities = Owners’ EquityD. Liabilities = Owners’ Equity + Assets12．Which of these is an example of an liability account? _____ ________.A. Service RevenueB. CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debitand credit? ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity14．If earnings haven’t been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deducted from the original value of plant assets when we compute their net value _______.A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD. Retained earnings16． Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet:Cash $ 100Accounts receivable 500Stockholders' equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remington's liabilities?A. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. Duringthe year, total assets increased by $240,000 and total liabilitiesincreased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year.How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000.the assets of a business are $162,600 and the liabilities are $86,000,how much is the owner’s equity?A..$76,600B. $248,600.C. $147,000.D. $250,000.Co. purchases on account when Aftin pay the account payableincrease do not change’s equity decreases decreaseincome statement reports .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the periodfollowing information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: 20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 If net income in 20 x 2 was $ 1,500 and there were no withdrawals, how much did the owner invest?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,000Company receive $ 2 850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner’s equityB. Increase liabilities and decrease owner’s eq uityC. Have no effect on total assetsD. Decrease assets and decrease liabilitiesentry to record the collection of $ 8000 from a customer on account is .A. Payable 80008000B. 8000Receivable 8000C. 8000Payable 8000D. 8000Revenue 8000list of a business entitys assests,liabilities,and owner’s equity ona given date isbalance sheet income statementstatement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points)1.The accounting profession today is changing rapidly.2.Assets are what you are what you ’s Equty is what’s left over .3.The original voucher is obtained or filled in what businesstransactions took place.4.Normally an asset account will have a debit balance.5.The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to thefollowing bank statement and de positor’s book.(10 points)Bank StatementDate Description Money out Money In Balance May0144 000May02Salary30 000May10Check03420 000May18Interest Paid 5 000May23Cash Withdrawal 15 000May31Sales38 00072 000Depositor’s R ecordDate Description Money out Money In Balance May0144 000May02Salary30 000May10Check03420 000May18Check 03546 000May23Cash Withdrawal 15 000May31Sales50 00043 000Bank ReconciliationDate MonthItems Amonut Items AmonutBalance per Bank Statement Balance per Depositor’sRecordAdd: Deposits not yetcredited by bank Less: Outstanding check Add: Items credited by thebank,bet not yetentered on books. Less: Items charged bythe bank,bet notyet entered onbooks.Adjusted Balance Adjusted BalanceV. Put the correct answer into the blanks.(6points)basic Accouting equation is: .rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve machine3. Construction in progress worth5. promissory note6. in other wordsdistribution 8. storage roomplus interest 10. accounting statementVII. The following is transactions of ABC make entries.(24 poins)1..ABC company was established on ,2010,when the owners,Mrs Smiths andhis friends,invested $30,000 in cash,patent X,valuing $24,000 andequipment A,valuing $40,000 into the company.2.ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customerto pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissorynote from a lacal bank.4.ABC buys a machine for $20,000,and pays the bill in cash.5.ABC paid the telephone bill for $700 in cash.6.ABC paid $3,800 on the accounts payable.7.ABC determine the month depreciation of the manufactory bulding for$5,000.8.ABC purchasese materials of $5,000 on account.9.ABC sells some g oods to a client and receives a check from the customerfor $ 2,000 for the goods provided.issues a 9%-5， $100,000 bond at its face amount. The bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years.(1) Entry to bonds issued;(2) Entry to record the accrual interest for each year;(3) 2014 the company repays the principal plus interest.《财会专业英语》期末试卷答卷the following into corresponding groups. (15 points)Assets Liabilities Owner’sequtiy Cost Profit andlossII. Please find the best answers to the following questions. (25 Points) 1234567891011121314151617181920 2122232425III. Translate the following sentences into Chinese.(10 points)1.2.3.4.5.IV. （10points） Bank ReconciliationDate MonthItems Amonut Items Amonut Balance per Bank Statement Balance per Depositor’sRecordAdd: Deposits not yetcredited by bank Less: Outstanding check Add: Items credited by the bank,bet not yet enteredon books.Less: Items charged by the bank,bet not yet enteredon books.Adjusted Balance Adjusted Balance V. Put the correct answer into the blanks.(6points)basic Accouting equation is: .rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points). 1. 2.3. 4.5. 6.7. 8.9. 10.VII. The following is transactions of ABC make entries.(24 poins)《财会专业英语》答案the following into corresponding groups. (15 points)Assets Liabilities Owner’sequtiy Cost Profit andloss1、2、3、4、6、5、11、158、9、7、10、12、13、14II. Please find the best answers to the following questions. (25 Points) 12345678910B ACD B A C C C A 11121314151617181920B D A BC C CD A D 2122232425D A C B AIII. Translate the following sentences into Chinese.(10 points)（略）IV. （10points） Bank ReconciliationDate 31 Month MayItems Amonut Items Amonut Balance per Bank Statement72 000Balance per Depositor’sRecord43 000Add: Deposits not yetcredited by bank 50 000Add: Items credited by thebank,bet not yet entered38 000Less: Outstanding check46 000on books.Less: Items charged by thebank,bet not yet enteredon books.5 000Adjusted Balance76 000Adjusted Balance76 000 V. Put the correct answer into the blanks.(6points)=Liabilities+Owner’s equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years ofService LifeVI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC make entries.(24 poins)（略）。

会计学英语试题及答案一、选择题（每题2分，共40分）1. Which of the following is not a function of accounting?A. Record-keepingB. Decision-makingC. Performance evaluationD. Tax preparation答案：B2. The basic accounting equation is:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets + Equity = LiabilitiesD. Assets - Liabilities = Equity答案：A3. Which of the following is not an element of financial statements?A. RevenueB. ExpensesC. DividendsD. Equity答案：C4. The process of adjusting the accounts at the end of the accounting period is called:A. ClosingB. AdjustingC. PostingD. Auditing答案：B5. Which of the following is not a type of adjusting entry?A. AccrualB. DeferralC. ReversalD. Allocation答案：C6. The term "double-entry bookkeeping" refers to:A. Recording transactions in two accountsB. Recording transactions in two columnsC. Recording transactions in two rowsD. Recording transactions in two books答案：A7. The accounting cycle includes all of the following steps except:A. Analyzing transactionsB. JournalizingC. Closing the booksD. Preparing tax returns答案：D8. The trial balance is prepared to:A. Verify the accuracy of the ledgerB. Verify the accuracy of the journalC. Verify the accuracy of the financial statementsD. Verify the accuracy of the accounts receivable答案：A9. The purpose of a post-closing trial balance is to:A. Verify the accuracy of the closing entriesB. Verify the accuracy of the financial statementsC. Verify the accuracy of the ledgerD. Verify the accuracy of the accounts payable答案：A10. Which of the following is not a principle of accounting?A. Going concernB. ConsistencyC. Revenue recognitionD. Materiality答案：C11. The accrual basis of accounting is based on the:A. Cash received and paidB. Time when events occurC. Time when cash is receivedD. Time when cash is paid答案：B12. The matching principle requires that:A. Expenses are recognized when incurredB. Expenses are recognized when paidC. Expenses are recognized when revenues are earnedD. Expenses are recognized when assets are acquired 答案：C13. The accounting equation is used to:A. Calculate net incomeB. Determine the net worth of a companyC. Record transactionsD. Prepare financial statements答案：B14. The journal is used to:A. Record the final summary of transactionsB. Record the detailed history of transactionsC. Record the adjusted trial balanceD. Record the closing entries答案：B15. The ledger is used to:A. Record the final summary of transactionsB. Record the detailed history of transactionsC. Record the adjusted trial balanceD. Record the closing entries答案：A16. Which of the following is not a type of receivable?A. Accounts receivableB. Notes receivableC. Cash receivableD. Inventory receivable答案：D17. The allowance method of accounting for bad debts is based on:A. The amount of bad debts expectedB. The amount of bad debts actually incurredC. The amount of salesD. The amount of cash received答案：A18. The direct write-off method of accounting for bad debts is based on:A. The amount of bad debts expectedB. The amount of bad debts actually incurredC. The amount of salesD. The amount of cash received答案：B19. The purpose of a bank reconciliation is to:A. Adjust the cash accountB. Verify the accuracy of the bank statementC. Identify discrepancies between the bank statement and the cash accountD. Calculate the bank service charges答案：C20. The purpose of a petty cash fund is to:A. Simplify the handling of small cash transactionsB. Increase the amount of cash on handC. Decrease the amount of cash on handD. Track the cash flow of the company答案：A二、填空题（每题2分，共20分）21. The ________ principle states that the financial statements should include all material items.答案：Materiality22. The ________ principle requires that the same accounting methods be used from period to period.答案：Consistency23. The ________ principle requires that expenses be matched with the revenues they helped to generate.答案：Matching24. The ________ principle requires that the financial statements should not be misleading.答案：Full Disclosure25. The ________ method of accounting for inventory assumes that the first items purchased are the first items sold.答案：FIFO (First-In, First-Out)26. The ________ method of accounting for inventory assumes that the most recently purchased items are the first items sold.答案：LIFO (Last-In, First-Out)27. The ________ method of accounting for inventory assumes that the cost of ending inventory is equal to the cost of the beginning inventory plus the cost of goods manufactured or purchased minus the cost of goods sold.答案：Weighted Average28. The ________ method of accounting for depreciation assumes that the asset loses value at a constant rate over its useful life.答案：Straight-Line29. The ________ method of accounting for depreciation assumes that the asset loses value more rapidly in the early years of its useful life.答案：Declining Balance30. The ________ method of accounting for depreciation assumes that the asset loses value based on its usage or production.答案：Units of Production三、简答题（每题10分，共20分）31. Explain the difference between the cash basis and accrual basis of accounting.答案：The cash basis of accounting records transactions when cash is received or paid, while the accrual basis of accounting records transactions when events occur, regardless of when cash is received or paid.32. What are the four main financial statements, and what is the purpose of each?答案：The four main financial statements are the balance sheet, income statement, statement of retained earnings, and cash flow statement. The balance sheet shows the financial position of a company at a specific date, the income statement shows the financial performance of a company for a specific period, the statement of retained earnings shows the changes in retained earnings for a specificperiod, and the cash flow statement shows the cash inflows and outflows of a company for a specific period.四、计算题（每题10分，共20分）33. A company has the following information for the year:- Sales revenue: $100,000- Cost of goods sold: $60,000- Operating expenses: $20,000- Interest expense: $5,000- Income tax expense: $10,000Calculate the net income for the year.答案：Net Income = Sales Revenue - Cost of Goods Sold - Operating Expenses - Interest Expense - Income Tax Expense = $100,000 - $60,000 - $20,000 - $5,000 - $10,000 = $5,00034. A company has the following information for the year:- Beginning inventory: $50,000- Purchases: $150,000- Ending inventory: $70,000- Cost of goods sold: $120,000Calculate the gross profit for the year using the FIFO method.答案：Gross Profit = Sales Revenue - Cost of Goods Sold = (Beginning Inventory + Purchases - Ending Inventory) - Cost of Goods Sold = ($50,000 + $150,000 - $70,000) - $120,000 = $130,000 - $120,000 = $10,000。

《财会专业英语》期终试卷I.Put the following into corresponding groups. (15 points)1.Cash on hand2.Notes receivable3.Advances to suppliers4. Other receivables5.Short-term loans6.Intangible assets7.Cost of production 8.Current year profit 9. Capital reserve10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payrollII.Please find the best answers to the following questions. (25 Points) 1. Aftin Co. performs services on account when Aftin collects the accountreceivableA.assets increaseB.assets do not changeC.owner’s equity d ecreasesD.liabilities decrease2. A balance sheet report .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period3. The following information about the assets and liabilities at the end of 20 x1 and 20 x2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000how much the owner’sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004. Traylor Company paid $ 2,850 on account. The effect of this transaction onthe accounting equation is to .A. Decreas e assets and decrease owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities5. The entry to record the collection of $ 890 from a customer on account is .A. Dr.Accounts Payable 890Cr. Cash 890B. Dr.Cash 890Cr. Accounts Receivable 890C. Dr.Cash 890Cr. Account Payable 890D. Dr.Cash 890Cr. Service Revenue 8906. The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total $ 135,100, then the beginning Cash amount must haveA. $ 68,400B.$ 46,800C. $ 181,900D.annot be determined from theinformation given7. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500Salary expense $ 56,100Salary payable $ 3,600Service revenue $ 190,500A. $ 201,000B. $ 137,100C. $ 265,000D. $ 74,5008. ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account payable.what is the balance in the inventoryies account?A $ 500B. $ 900C. $ 1,200D. $ 1,5009.The debit side of an account is used to recordA.increasesB.decreasesC. increases or decreases,depending on the type of accountD.decline10.ABC ,began the year with total assets of $120,000,liabilities of $70,000,and owner’s equit y of $50,000.during the year ABC earned revenue of $110,000 and paid espenses of $30,000.and also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the year?A. $150,000B.$180,000C.$190,000D.$220,00011．Which of the following is true? __________.A. Owners’ Equity - Assets = LiabilitiesB. Assets –Owners’ Equity = LiabilitiesC. Assets + Liabilities = Owners’ EquityD. Liabilities = Owners’ Equity + Assets12．Which of these is an example of an liability account? _____ ________.A. Service RevenueB. CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debit and credit? ______.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners’ equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners’ equity14．If earnings haven’t been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is ____________.A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deducted from the original value of plant assets when we compute their net value _______.A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD. Retained earnings16．Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet:Cash $ 100Accounts receivable 500Stockholders' equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remington's liabilities?A. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. During theyear, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000.19.If the assets of a business are $162,600 and the liabilities are $86,000,howmuch is the owner’s equity?A..$76,600B. $248,600.C. $147,000.D. $250,000.20.Aftin Co. purchases on account when Aftin pay the account payableA.assets increaseB.assets do not changeC.owner’s equity decreasesD.liabilities decrease21.A income statement reports .A. the assets, liabilities, and owner’s equity on a particular dateB. the change in the owner’s capital during the periodC. the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the period22.The following information about the assets and liabilities at the end of 20 x 1and 20 x 2 is given below: 20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000 If net income in 20 x 2 was $ 1,500 and there were no withdrawals, how much did the owner invest?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,00023.Traylor Company receive $ 2 850 on account. The effect of this transactionon the accounting equation is to .A. Decrease assets and decreas e owner’s equityB. Increase liabilities and decrease owner’s equityC. Have no effect on total assetsD. Decrease assets and decrease liabilities24.The entry to record the collection of $ 8000 from a customer on accountis .A. Dr.Accounts Payable 8000Cr.Cash 8000B. Dr.Cash 8000Cr.Accounts Receivable 8000C. Dr.Cash 8000Cr.Account Payable 8000D. Dr.Cash 8000Cr.Service Revenue 800025.A list of a business entitys assests,liabilities,and owner’s equity on a givendate isA.a balance sheetB.an income statementC.a statement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points)1. The accounting profession today is changing rapidly.2. Assets are what you own.Liabilities are what you owe.Owner’s Equty iswhat’s left over .3. The original voucher is obtained or filled in what business transactions tookplace.4. Normally an asset account will have a debit balance.5. The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to the following bank statement and depositor’s book.(10 points)Bank StatementDepositor’s RecordBank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. surplus reserve2.manufacturing machine3. Construction in progress worth5. promissory note6. in other words7.profit distribution 8. storage room9.principal plus interest 10. accounting statementVII. The following is transactions of ABC company.please make entries.(24 poins)1. .ABC company was established on Jan.1,2010,when the owners,MrsSmiths and his friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2. ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissorynote from a lacal bank.4. ABC buys a machine for $20,000,and pays the bill in cash.5. ABC paid the telephone bill for $700 in cash.6. ABC paid $3,800 on the accounts payable.7. ABC determine the month depreciation of the manufactory bulding for$5,000.8. ABC purchasese materials of $5,000 on account.9. ABC sells some goods to a client and receives a check from the customerfor $ 2,000 for the goods provided.10.ABC issues a 9%-5，$100,000 bond at its face amount. The bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years.(1) Entry to bonds issued;(2) Entry to record the accrual interest for each year;(3) 2014 the company repays the principal plus interest.《财会专业英语》期末试卷答卷I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points)1.2.3.4.5.IV. （10points）Bank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: ,.3. Using straight-line depreciation,Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. 2.3. 4.5. 6.7. 8.9. 10.VII. The following is transactions of ABC company.please make entries.(24 poins)《财会专业英语》答案I.Put the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points) （略）IV. （10points）Bank ReconciliationDate 31 Month MayV. Put the correct answer into the blanks.(6points)1.Assets=Liabilities+Owner’s equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years of Service LifeVI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC company.please make entries.(24 poins)（略）。