会计专业英语期末考试练习卷new

《会计专业英语》期末试题（A卷）答案（共五则）第一篇：《会计专业英语》期末试题(A卷)答案2001会计专业英语试题答案1.(1)Journal entry—A chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts.(2)Going concern ——An assumption that a business entity will continue in operation indefinitely and thus will carry out its existing commitments.(3)Matching principle——The revenue earned druing an accounting period is offset with the expenses incurred in generating this revenue.(4)Working capital——Current assets minus current liabilities(5)Revenue expenditure——Any expenditure that will benefit only 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).(p rior)(3)(liquid).(that).(at)3.题一10分，第一小段6分，第二小段4分。

题二8分(1)Financial statements show the financial position of a business and the results of its operations, presented in conformity with generally accepted accounting principles.These statements are intended for use by many different decision makers, for many different purposes.Tax returns show the computation of taxable income, legal concept by tax laws and regulations.In many cases, tax laws are similar to generally accepted accounting principles, but substantial differences do exist.(2)Auditors do not guarantee the accuracy of financial statements;they express only their expert opinion as to the fairness of the statements.However, CPA firms stake theirreputations on the thoroughness of their audits and the dependability of their audit reports.4.每小题6分，每小题包括三小句，每小句2分。

期期末测试题Ⅰ、Translate The Following Terms Into Chinese .1. entity concept 主题概念2.depreciation折旧3。

double entry system 4.inventories5. stable monetary unit6.opening balance7.current asset 8.financial report9。

prepaid expense 10.internal control11.cash flow statement 12。

cash basis13.tangible fixed asset 14。

managerial accounting15. current liability 16.internal control17。

sales return and allowance 18。

financial position19。

balance sheet 20。

direct write-off methodⅡ、Translate The Following Sentences Into Chinese .1. Accounting is often described as an information system。

It is the system that measures business activities，processes into reports and communicates these findings to decision makers.2。

The primary users of financial information are investors and creditors. Secondary users include the public, government regulatory agencies, employees, customers，suppliers，industry groups，labor unions, other companies, and academic researchers。

《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）。

1.The economic resources of a business are called: BA.Owner’ s EquityB.AssetsC.Accounting equationD.Liabilities2.DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made onJanuary 20 by DTK Company to record this transaction includes: DA. A debit to the cash receivable account of $2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at:AA.Face value.账面价值B.Current value.现值C.Market value.市场价值4.Each of the following measures strengthens internal control over cash receiptsexcept : DA.The use of a voucher system.B.Preparation of a daily listing of all checks received through the mail.C.The deposit of cash receipts intact in the bank on a daily basis.D.The use of cash registers.5.Which of the following items is the greatest in dollar amount? DA.Beginning inventoryB.Cost of goods sold.C.Cost of goods available for saleD.Ending inventorydo companies prefer the LIFO inventory后进先出法method during a period of rising prices? BA. Higher reported incomeB.Lower income taxesC.Lower reported incomeD.Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment?DA.IntangibleB. Unlimited lifeC.Being sold in its useful lifeD.Not capable of rendering benefits to the business in the future.8. Which account is not a contra-asset account? BA.Depreciation ExpenseB.Accumulated DepletionC.Accumulated DepreciationD.Allowance for Doubtful Accounts9. What are the two factors that make ownership of an interest in a general partnership particularly risky?AA.Mutual agency and unlimited personal liabilityB.Limited life and unlimited personal liability.C.Limited life and mutual agency.D.Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in thedaily management of the business? DA. General partnersB. Limited liability partnersC. Sole proprietors个体经营者D. Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA.Help their analysis of financial statementsB.Help their understanding of financial statementsC.Help their checking of financial statements.D.All of the above12.The current liabilities are $30 000, the long-term liabilities are $50 000,and the total assets are $240 000. What is the debt ratio? CA.B.C.13. The horizontal analysis is used mainly to AA.Analyzing financial trendsB.Evaluating financial structureC.Assessing the pat performancesD.Measuring the term-paying ability14. Among the following ratios, which is used for long-term solvency analysis?长期偿债能力分析AA. Current ratio流动比率B.Times-interest-earned ratioC.Operating cycleD.Book value per share15. A profit-making business that is a separate legal entity and in which ownershipis divided into shares of stock is known as a DA. Sole proprietorship个体独资公司B. Single proprietorshipC. Partnership合伙公司D. Corporation股份有限公司一、名词解释(10分 )(1)Journal entry：日记账 Journal entry is a logging of transactions into accountingjournal items. It can consist of several items, each of which is either a debit or acredit.The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced".Journal entries can record unique items or recurring items such as depreciation or bond amortization.(2)Going concern：持续经营 The company will continue to operate in the near future,unless substantial evidence to the contrary exists.(3)Matching principle：一致性原则(4)Working capital：营运资金(5)Revenue expenditure：收入费用二、会计业务（共 35 分）1.On December 1, ME Company borrowed $250 000 from a bank, and promise to repaythat amount plus 12% interest (per year) at the end of 6 months.(1)Prepare the general journal entry to record obtaining the loan from thebank on December 1.(2)Prepare the adjusting journal entry to record accrual of the interest payableon the loan on December 31.(3) Prepare the presentation of the liability to the bank on ME’ s December balancesheet.Answer:(1)Debit: cash $250000Credit: current liabilities $250000(2) Debit:Accrual Expense $5000不确定Credit: Interest Payable $5000(3) P392.The following information relating to the bank checking account is available forMusic Hall at July 31:Balance per bank statement at July 31$20 0000 Balance per depositor’ s records18 860 Outstanding checks 2 000 Deposits in transit800 Service charge by bank60 Prepare a bank reconciliation银行对账工作fro Music Hall at July 31.Answer:P423.Please prepare the related entries according to the following accounting events.1)Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of this amount,$200,000 remains uncollected at December 31. The credit manager estimates of these sales will be uncollectible. Please prepare the adjusting entry estimated uncollectible.that $12,000 to record the2)On March 1, 2003 the manager of finance of Healy Furniture authorizes a write-offof the $500 balance owed by Nick Company. Please make the entry to record the write-off.3)On July 1, Nick Company paid the $500 amount that had been written off on March1.Answer:(1) Debit: Uncollectible Accounts Expense坏账损失$12000Credit: Allowance for Doubtful Accounts坏账准备$12000(2)Debit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3)Debit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500Debit: Cash $500Credit: Accounts Receivable $500四、英译汉（ 40 分）(1) Accounting principles are not like physical laws; they do not exist in nature,awaiting discovery man. Rather, they are developed by man, in light of what we consider to be the most important objectives of financial reporting. In many ways generallyaccepted accounting principles are similar to the rules established for anorganized sport such as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。

会计英语期末考试试题Section 1: Vocabulary (20 marks)Part A: Fill in the blank with the appropriate accounting term. (10 marks)1. The financial statement that reports a company's assets, liabilities, and shareholders' equity is called the ________.2. ________ is the systematic allocation of the cost of an asset to expense over its useful life.3. The financial statement that shows a company's revenues, expenses, and net income is called the ________.4. The ________ is the primary measure of profitability for a company.5. ________ refers to the occurrence of an event that causes a material change in the financial statements.6. A(n) ________ is a document prepared by a buyer that requests the seller to provide goods or services.7. ________ is the process of examining a company's financial statements to ensure their accuracy and reliability.8. A(n) ________ is a document that details the terms and conditions ofa sale between a buyer and a seller.9. ________ is the process of assigning costs to inventory or products sold based on specific identification or predetermined methods.10. ________ is the amount remaining after subtracting expenses from revenue, also known as profit.Part B: Match the accounting term with its definition. (10 marks)1. ________________ Cash Flow2. ________________ Depreciation3. ________________ Liabilities4. ________________ Balance Sheet5. ________________ Revenue6. ________________ Audit7. ________________ Invoice8. ________________ Cost Allocation9. ________________ Materiality10. ________________ Net Incomea. The process of examining a company's financial statements to ensure their accuracy and reliability.b. The systematic allocation of the cost of an asset to expense over its useful life.c. The financial statement that reports a company's assets, liabilities, and shareholders' equity.d. A document that details the terms and conditions of a sale between a buyer and a seller.e. The amount remaining after subtracting expenses from revenue, also known as profit.f. The occurrence of an event that causes a material change in the financial statements.g. The financial statement that shows a company's revenues, expenses, and net income.h. A document prepared by a buyer that requests the seller to provide goods or services.i. The process of assigning costs to inventory or products sold based on specific identification or predetermined methods.j. Debts or obligations of a company that arise from past transactions.Section 2: Reading Comprehension (40 marks)Read the following passage and answer the questions.Financial Reporting StandardsFinancial reporting standards, also known as accounting standards, are a set of guidelines that dictate how financial statements should be prepared and presented. They ensure consistency and comparability of financial information across different entities, making it easier for investors, creditors, and other stakeholders to assess and compare companies.The International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) are two commonly used sets of financial reporting standards. While IFRS is widely adopted in many countries around the world, GAAP is primarily used in the United States. However, there is an ongoing convergence project between the two, aiming to harmonize the standards and reduce the differences between them.Financial reporting standards cover various aspects of financial reporting, such as the recognition, measurement, presentation, and disclosure of financial information. They provide guidance on how to account for transactions, assets, liabilities, revenue, expenses, and many other elements of financial statements.Q1. What are financial reporting standards?Q2. Why are financial reporting standards important?Q3. What are the two commonly used sets of financial reporting standards?Q4. What is the difference between IFRS and GAAP?Q5. What do financial reporting standards cover?Section 3: Grammar and Writing (40 marks)Part A: Grammar (20 marks)Choose the correct answer to complete each sentence.1. The company ________ its financial statements every year.a) auditsb) auditedc) auditingd) had audited2. The revenue from sales ________ in the income statement.a) is showingb) showedc) showsd) has shown3. The balance sheet ________ information about the company's assets and liabilities.a) includesb) includingc) includedd) include4. The auditor ________ the financial statements for any errors or irregularities.a) has reviewedb) reviewingc) reviewedd) review5. Goodwill is an ________ asset that represents the value of a company's brand, reputation, and customer relationships.a) intangibleb) tangiblec) financiald) currentPart B: Writing (20 marks)Write a short paragraph (approximately 150 words) describing the importance of accurate financial reporting in accounting. Include the consequences of inaccurate financial reporting and explain how it can affect different stakeholders, such as investors, creditors, and employees.Accurate financial reporting plays a crucial role in accounting as it provides stakeholders, such as investors, creditors, and employees, with reliable information for decision-making. Inaccurate financial reporting can have several negative consequences. Firstly, it can mislead investors and creditors into making uninformed investment or lending decisions, leading to financial losses. Secondly, it can damage a company's reputation and result in loss of credibility, making it difficult to attract investors or obtain loans in the future. Thirdly, inaccurate financial reporting can affect employees as it may undermine their trust in the company's management and potentially result in job insecurity. Therefore, accurate financial reporting is essential for transparency, trust, and the overall stability of the financial market. It enables stakeholders to evaluate a company's financialperformance, make informed decisions, and contribute to a healthy and sustainable business environment.。

《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）。

《财会专业英语》期末试卷及答案《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 reserve 10.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 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 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. 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’ e quity14．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 additionalinvestments 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,how much 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 theaccount payableA.assets increaseB.assets do not changeC.owne r’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 endof 20 x 1 and 20 x 2 is given below: 20 x 120 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 invest?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,00023.Traylor Company receive $ 2 850 on account. The effect of thistransaction on the accounting equation is to .A. Decrease assets a nd 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 equityon a given date isA.a balance sheetB.an income statementC.a statement 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 own.Liabilities are what you o we.Owner’s Equtyis 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 the following bank statement and depositor’s book.(10 points)Bank StatementDepositor’s RecordBank Reconciliation Date 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,Mrs Smithsand 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）。

1. The economic resources of a business are called: BA.Owner’s EquityB.AssetsC.Accounting equationD.Liabilities2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on January 20 by DTK Company to record this transaction includes: DA. A debit to the cash receivable account of $2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at: AA.Face value.账面价值B.Current value.现值C.Market value.市场价值D.Estimated future sales value.4. Each of the following measures strengthens internal control over cash receipts except: DA.The use of a voucher system.B.Preparation of a daily listing of all checks received through the mail.C.The deposit of cash receipts intact in the bank on a daily basis.D.The use of cash registers.5. Which of the following items is the greatest in dollar amount? DA.Beginning inventoryB.Cost of goods sold.C.Cost of goods available for saleD.Ending inventorydo companies prefer the LIFO inventory后进先出法 method during a period of rising prices? BA.Higher reported incomeB.Lower income taxesC.Lower reported incomeD.Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment? DA.IntangibleB.Unlimited lifeC.Being sold in its useful lifeD.Not capable of rendering benefits to the business in the future.8. Which account is not a contra-asset account? BA.Depreciation ExpenseB.Accumulated DepletionC.Accumulated DepreciationD.Allowance for Doubtful Accounts9.What are the two factors that make ownership of an interest in a general partnership particularly risky? AA.Mutual agency and unlimited personal liabilityB.Limited life and unlimited personal liability.C.Limited life and mutual agency.D.Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in the daily management of the business? DA.General partnersB.Limited liability partnersC.Sole proprietors 个体经营者D.Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA.Help their analysis of financial statementsB.Help their understanding of financial statementsC.Help their checking of financial statements.D.All of the above12. The current liabilities are $30 000, the long-term liabilities are $50 000, and the total assets are $240 000. What is the debt ratio? CA.B.C.D.13. The horizontal analysis is used mainly to AA.Analyzing financial trendsB.Evaluating financial structureC.Assessing the pat performancesD.Measuring the term-paying ability14. Among the following ratios, which is used for long-term solvency analysis?长期偿债能力分析 AA.Current ratio 流动比率B.Times-interest-earned ratioC.Operating cycleD.Book value per share15. A profit-making business that is a separate legal entity and in which ownership is divided into shares of stock is known as a DA.Sole proprietorship 个体独资公司B.Single proprietorshipC.Partnership 合伙公司D.Corporation 股份有限公司一、名词解释(10分)(1) Journal entry：日记账Journal entry is a logging of transactions into accounting journal items. It can consist of several items, each of which is either a debit or a credit. The total of the debits must equal the total of the credits or the journal entry is said to be "unbalanced". Journal entries can record unique items or recurring items such as depreciation or bond amortization.(2) Going concern：持续经营 The company will continue to operate in the near future, unless substantial evidence to the contrary exists.(3) Matching principle：一致性原则(4) Working capital：营运资金(5) Revenue expenditure：收入费用二、会计业务（共35分）1. On December 1, ME Company borrowed $250 000 from a bank, and promise to repay that amount plus 12% interest (per year) at the end of 6 months.(1)Prepare the general journal entry to record obtaining the loan from the bankon December 1.(2)Prepare the adjusting journal entry to record accrual of the interest payableon the loan on December 31.(3)Prepare the presentation of the liability to the bank on ME’s December balancesheet.Answer:(1)D ebit: cash $250000Credit: current liabilities $250000(2)D ebit: Accrual Expense $5000 不确定Credit: Interest Payable $5000(3) P392. The following information relating to the bank checking account is available for Music Hall at July 31:Balance per bank statement at July 31$20 0000Balance per depositor’s records18 860 Outstanding checks 2 000Deposits in transit800Service charge by bank60Prepare a bank reconciliation银行对账工作 fro Music Hall at July 31.Answer:P423. Please prepare the related entries according to the following accounting events.1) Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of this amount, $200,000 remains uncollected at December 31. The credit manager estimates that $12,000 of these sales will be uncollectible. Please prepare the adjusting entry to record the estimated uncollectible.2) On March 1, 2003 the manager of finance of Healy Furniture authorizes a write-off of the $500 balance owed by Nick Company. Please make the entry to record the write-off.3) On July 1, Nick Company paid the $500 amount that had been written off on March 1.Answer:(1)D ebit: Uncollectible Accounts Expense坏账损失 $12000Credit: Allowance for Doubtful Accounts坏账准备 $12000(2)D ebit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3)D ebit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500Debit: Cash $500Credit: Accounts Receivable $500四、英译汉（40分）(1) Accounting principles are not like physical laws; they do not exist in nature, awaiting discovery man. Rather, they are developed by man, in light of what we consider to be the most important objectives of financial reporting. In many ways generally accepted accounting principles are similar to the rules established for an organized sport such as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。

会计英语期末考试试题一、选择题（每题2分，共20分）1. The term "Double Entry Bookkeeping" refers to the practice of recording financial transactions in which way?A) In a single ledgerB) In two separate accountsC) In two different ledgersD) In two corresponding accounts2. Which of the following is not a type of adjusting entry?A) AccrualB) DeferralC) CorrectionD) Amortization3. The purpose of a trial balance is to:A) Confirm the accuracy of financial statementsB) Ensure that all transactions are recordedC) Check for the equality of debits and creditsD) Determine the net income of a company4. What is the formula for calculating the current ratio?A) Current assets / Current liabilitiesB) Total assets / Total liabilitiesC) Net income / Total assetsD) Current assets - Current liabilities5. Which of the following is a non-current liability?A) Accounts payableB) Notes payableC) Long-term debtD) Sales tax payable6. The accounting equation can be expressed as:A) Assets = Liabilities + EquityB) Assets + Liabilities = EquityC) Assets - Liabilities = EquityD) Liabilities - Equity = Assets7. What is the purpose of depreciation in accounting?A) To increase the value of assetsB) To allocate the cost of a tangible asset over its useful lifeC) To sell the asset at a lower priceD) To increase the company's net income8. Which of the following is a principle of Generally Accepted Accounting Principles (GAAP)?A) ConsistencyB) MaterialityC) TimelinessD) All of the above9. The statement of cash flows is used to:A) Show the changes in equity over a periodB) Report the financial position of a company at a point in timeC) Report the sources and uses of cash during a periodD) Show the income of a company over a period10. What is the primary purpose of a budget?A) To forecast future financial performanceB) To control costs and allocate resourcesC) To increase sales and revenueD) To prepare financial statements二、简答题（每题5分，共20分）1. 解释会计中的“权责发生制”与“现金收付制”的区别。

《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）。