会计专业英语复习题答案.doc

会计专业英语复习题参考答案Keys to ExercisesLesson 1 Word and Term Study1. e 2.d 3.a 4.c 5.b Review Exercises &Problems A. 1. F 2. F 3.T 4.F 5.FB. (略)C. 参考译文： 由一人拥有和控制的企业被称为个人独资企业。这种企业形式比较简单，而且通常投资额较小。个人独资企业的所有者对企业内所有的事务制定决策并拥有企业的全部利润。合伙企业是由两个或以上的人（合伙人）共同拥有和控制的企业组织形式。一般在合伙企业中，每个合伙人对企业债务都承担无限责任。同时，合伙企业的寿命也是有限的，企业可能因为某个合伙人死亡或退休而终止。 公司是依照法律规定成立的独立法人组织。公司由股东拥有，股东通过购买公司的股份为公司提供资本。股东个人对公司的债务不承担无限责任。大多数公司的经营业务由股东选出的董事会实施控制。 Lesson 2 Word and Term Study1. d 2.c 3.e 4.b 5.f 6.a Review Exercises& Problems A. 1. F 2. T 3.F 4.F 5.FC. 参考译文： 在会计恒等式中，资产必须等于负债和所有者权益之和。因为债权人的财产要求权在企业清算时是优先于所有者支付的，所以在会计基本等式中，负债是排列在所有者权益前面的。会计恒等式适用于所有的经济实体，无论其大小、业务性质或组织形式。该等式适用于小型私人经济实体，如街边的杂货店，同样也适用于大公司。这一等式为记录和总结企业的经济活动提供了基本框架。 Lesson 3 Word and Term Study1. c 2. e 3.d 4. b 5. a Review Exercises &Problems A. 1. d 2.b 3.c 4. c 5. c B. 2. Each transaction must be entered in two or more accounts with equal debit and credit amounts. The normal balances of the three account groups are as follows: Account group Normal Balance Assets Debit Liabilities Credit Owners equity Credit C. Case Problem1. (1) June 2 Asset account debited and Owners equity account credited. 5 An asset account debited, another asset account credited. 7 An asset account debited, a liability account credited. 15 An asset account debited, an owners equity account credited. 20 An expenses account debited, an asset account credited. 26 An asset account debited, another asset account credited. 28 A liability account debited, an asset account credited. 31 An owners equity account debited, an asset account credited. (2) June 2 Debit Cash, increased; Credit O.Wilson Capital, increased 5 Debit Vehicle, increased; Credit Cash, decreased 7 Debit Supplies, increased; Credit Accounts Payable, decreased 15 Debit Accounts Receivable, increased; Credit Service Revenue, decreased 20 Debit Advertising Expenses, increased; Credit Cash, decreased 26 Debit Cash, increased; Credit Accounts Receivable, decreased 28 Debit Accounts Payable, decreased; Credit Cash, decreased 31 Debit O. Wilson, Drawings, increased(owners equity decreased); Credit Cash, decreased D参考译文：试算平衡表并不能证明所有的经济业务都已经入账，也不表明分类账的记录是正确的。即使试算平衡表的借贷栏合计相等，也还可能存在很多错误。例如，即使在以下情况下，试算平衡表仍可能是平衡的：（1）一笔业务没有登记到日记账；（2）一笔正确的日记账分录没有过账；（3）一笔日记账分录被两次过账；（4）在登记日记账或过账时使用了错误的账户；（5）在登记业务金额时两处或以上的错误互相抵销。换句话说，只要过账时借方和贷方的金额相等，即使过入的账户或金额是错误的，试算平衡表的借贷栏合计数仍然会相等。Lesson 4 Word and Term Study 1. b. c. d. g. h. 2. (1) account number(2) sales returns and allowances(3) credit purchases(4) source document (or business document)(5) journal; ledger accounts Review Exercises &Problems A. 1. c 2. a 3.c 4.b B. 1.CR 2. S 3. SR 4.CR 5. CP 6. G 7. CP 8. P 9.PR 10.P C. (1) GENERAL JOURNAL J1DateAccount Titles and ExplanationRef.DebitCredit2009Jan 1 3457 1013151720Cash P. Wheeler, Capital Invested cash in business.Prepaid Rent Cash Paid rent for 3 months on the shop space. Repair Equipment Cash Purchased repair equipment for cash.Cash Service Revenue Received cash for services performed. Repair Equipment Accounts Payable Purchased repair equipment on credit. Accounts Receivable Service Revenue Performed service for Fred Baca on credit. Accounts Payable Cash Paid for account owed to Comet. Advertising Expense Cash Paid for advertising service. Cash Accounts Receivable Received account from Fred Baca P. Wheeler, Drawings Cash Withdrew cash for personal use. 5,000 6757001005.5450175250751753505,0006757001005.545017525075175350 (2) Prepaid RentJan.3 $ 675Bal. 675CashJan.1 $ 5,0005 1,005.517 175Jan.3 $ 6754 70013 25015 7520 350Bal. 4,130.5 Repair EquipmentJan.4 $700 7 450Bal. 1150 Accounts PayableJan.13 $250Jan.7 $450Bal. 200 Service RevenueJan.5 $1005.5 10 175Bal. 1180.5 Advertising ExpenseJan.15 $ 75 Bal. 75 P. Wheeler, Capital Jan.1 $5,000 Bal. 5,000P. Wheeler, Drawings Jan.20 $350Bal. 350 Accounts ReceivableJan.10 $175Jan.17 $175Bal. 0 (3) Wheelers Repair ShopTrial BalanceJanuary 20,2009 Debit Credit Cash $4130.5 Prepaid Rent 675Repair Equipment 1150Accounts Payable 200P. Wheeler, Capital 5,000P. Wheeler, Drawings 350Service Revenue 1,180.5 Advertising Expense 75 Totals $6,380.5 $6,380.5 Lesson 5 Word and Term Study1.c 2. a 3. b 4.e 5. d Review Exercises &ProblemsA. 1. d 2. b 3.d 4.c 5.c B. 4. (1). June 30 Depreciation Expense 1 362 Accumulated DepreciationEquipment 1 362(2). June 30 Unearned Revenue 4 200 Service Revenue 4 200 (3). June 30 Interest Expense 650 Interest Payable 650(4). $2 500- $1075 = $1 425 June 30 Supplies Expense 1 425 Supplies 1 425 (5). June 30 Insurance Expense 1 170 Prepaid Insurance 1 170 C参考译文：收入实现原则要求收入必须在其赚得的会计期间确认。在服务企业中，收入被认为是在服务履行的时候赚得的。另一方面，会计人员还遵循“费用跟着收入走”的原则。也就是说，费用的确认取决于收入在什么时候确认。例如，服务企业为履行服务所发生的工薪费用应当在服务收入确认的同一会计期间登记入账，并在同期的损益表中列报，而不论这项费用在此期间是否支付。 Lesson 6 Word and Term Study1. owners equity 2. statement of owners equity 3. report, T-account4. cash flow statement 5. interrelated Review Exercises &Problems A. 1. F 2. F 3. T 4. F 5. T B. (略)C. Case Problem1. (a). net income= $3,070(b).J. Smith Consulting FirmIncome StatementFor the month ended April 30,2010Service Revenue$6,700ExpensesRent Expense$1,200Advertising Expense 180Salaries Expense1,800Utilities Expense450Total Expenses 3,630Net Income$3,070(c). J. Smith Consulting FirmBalance SheetApril 30, 2010AssetsLiabilitiesCash$4,150Accounts Payable$ 380Accounts Receivable4,200Short-term Loan3,000Supplies500Total Liabilities3,380office furniture 1800Owners EquityJ. Smith Capital 7,270Total Assets$10,650Total liabilities and owners equity $10,650 Lesson 7 Word and Term Study 1. c 2. e 3. a 4. b 5. f 6. dReview Exercises &ProblemsB. 1. T 2. F 3. F 4. F 5. FC. 1. The ABC, Capital, Accounts Payable, Accounts Receivable, Accumulated Depreciation, Buildings, Cash, Prepaid Expense, Supplies, and Unearned Revenue accounts appear in a post-closing trial balance. 2. a. Closing entries: Dec.31 Service Revenue 69,000 Income Summary 69,00031 Income Summary 37,900 Insurance Expense 2,600 Salaries Expense 18,300 Depreciation Expense 7,200 Utilities Expense 1,200 Rent Expense 8,60031 Income Summary 31,100 Danny, Capital 31,10031 Danny, Capital 5,500 Danny, Drawings 5,500b. Adjusted TrialBalanceClosingEntriesPost-ClosingTrial BalanceCash10,80010,800Accounts Receivable 32,000 32,000Supplies7,6007,600Equipment105,000105,000Accumulated Depreciation Equipment 38,60038,600Patent26,00026,000Accounts Payable30,70030,700Interest Payable1,3001,300Salaries Payable5,2005,200Danny, Capital80,0005,50031,100105,600Danny, Drawings5,5005,500Service Revenue69,00069,000Insurance Expense2,6002,600Salaries Expense18,30018,300Depreciation Expense7,2007,200Utilities Expense1,2001,200Rent Expense8,6008,600Income Summary37,90031,10069,000Total 224,800224,800143,500143,500181,400181,400c.Danny, CapitalBeginning bal. 55,000April 20 25,000Closing 5,500Closing 31,100Ending bal. 105,600Lesson 8 Word and Term Study1. perpetual inventory 2. Discount Received3. FOB shipping point 4. sales returns and allowances5. Gross profit Review Exercises &ProblemsA. 1. F 2. T 3. T 4. T 5. F C. Remon (seller): Sept. 4Accounts ReceivableDakota.Sales Cost of Goods Sold Inventory 1,7001,0501,7001,0505No entry 8Accounts ReceivableDakota Sales Cost of Goods Sold Inventory 1,2008501,200 8509 Freight-out (or Delivery Expenses) Cash 50 5015Sales Returns and AllowancesAccounts ReceivableDakota Inventory Cost of Goods Sold20014020014019Cash Accounts ReceivableDakota 1,0001,00022Accounts ReceivableDakota Sales Cost of Goods Sold InventoryFreight-out (or Delivery Expenses) Cash2,5001,650902,5001,650 9030CashSales Discounts Accounts ReceivableDakota 2,450 50*2,500 *2%$2,500 =$50 Dakota(buyer): Sept. 4Inventory Accounts PayableRemon 1,7001,7005Freight-in Cash 40 40 8Inventory Accounts PayableRemon 1,2001,200 9 No entry. 15Accounts PayableRemon Inventory20020019Accounts PayalbeRemon Cash 1,0001,00022Inventory Accounts PayableRemon 2,5002,50030Accounts PayableRemon CashDiscount Received2,500 2,45050 Lesson 9 Word and Term Study1. policies procedures 2. Dividing responsibility (or Segregating duties)3. accuracy reliability 4. regular independent5. guarantees Review Exercises A. 1. T 2. F 3.T 4.F 5.FB. (略) C. Translation技术进步使电子商务得到发展。大多数公司有一些电子商务交易。所有这些交易至少涉及三种风险:（1）信用卡卡号被盗是这些交易数据在网络上使用，传输和储存的过程中存在的风险，这也增加了电子商务的成本；（2）电脑病毒是一个恶意程序，它会感染和损坏其他正常的文件和程序。（3）虚假的网上操作可导致销售收入假账的产生，采购不当材料，并在事主不知情的情况下将机密信息泄露给网络黑客。Lesson 10 Word and Term Study 1. bills coins 2.Petty cash 3. bank reconciliation 4 bank statement 5.cash over and shortReview Exercises& Problems A. 1. F 2. T 3.T 4.F 5. F B(略)C. (1)Gates CompanyBank ReconciliationJuly 31, 2010 Balance per bank statement$3000Balance per book $2600Add: deposit of July 31, not yet credited by the bank $100Add: Note collected by bank,plus interest$408$3100$3008Deduct: outstanding check No.607$520Deduct: NSF check 428Adjusted bank balance$2580Adjusted book balance$2580(2) Jul. 31 CashChecking 408 Notes Receivable 400 Interest Revenue 8 Jul.31 Accounts Receivable 428 CashChecking 428 D. 参考译文现金收入的内部控制确保了所有现金收入的妥善记录和存入银行。许多业务活动产生了现金收入，包括现金销货，客户账款的收回，利息和租金收入，银行借款，资产出售，和业主投资。为了防止偷窃和滥用现金，从收到现款时起到现金存入银行的各个环节，公司都必须对其进行控制，这类程序称为预防性控制。发现偷窃或滥用现金的程序称为侦查性控制。Lesson 11 Word and Term Study1. d 2. c 3. b 4. f 5. h 6. a 7. e 8. gReview Exercises & Problems B. 1. T 2. F 3. F 4. T 5. T 6. T C. 1. Dec.31, 2008 Bad Debts Expense 5,300 Allowance for Doubtful Accounts 5,300 Dec.31, 2009 Bad Debts Expense 6,180 Allowance for Doubtful Accounts 6,1802. a. Dec.31, 2008 Bad Debts Expense 3,940 Allowance for Doubtful Accounts 3,940 b.May 17, 2009 Accounts Receivable 50,000 Sales 50,000 c. June 8 Allowance for Doubtful Accounts 3,000 Accounts Receivable 3,000 d. July 2 Cash 27,000 Accounts Receivable 27,000 e.Dec. 31 Bad Debts Expense 3,100 Allowance for Doubtful Accounts 3,100 f. Jan. 12, 2010 Account Receivable 3,000 Allowance for Doubtful Accounts 3,000 Cash 3,000 Accounts Receivable 3,000Lesson 12 Word and Term Study1. finished goods 2. FIFO (or first-in, first-out) 3. specific identification 4. consistency principle 5. cost market valueReview Exercises & Problems A. 1.T 2.F 3.F 4.T 5. F B. 4.(1) Units of ending inventory = Units available for sale Units sold =30 -17=13 Cost of the ending inventory : 8 units$24 $192 5 units$19 . 95 $287(2) There are 13 units of ending inventory. Cost of the ending inventory: 10 units$20 = $200 3 units$19 = 57 $257(3) Total cost of goods available for sale =10$20+12$19 +8$24=$620 Weighted average unit cost = $62030 = $ 20.67 Cost of the ending inventory: 13 units 20.67 = $268.71 C. 参考译文：永续盘存制比定期盘存制能够对存货更好地进行控制。在永续盘存制下，存货账面记录反映了库存存货的应有数量，因此管理人员随时可以对存货进行盘点以核对库存存货数额是否与存货记录相符。所发现的任何盘亏存货都可以立即接受调查。尽管永续盘存制需要更多的记账和控制工作及较高的存货记录成本，但利用计算机信息系统能够将此类成本降到最低。 Lesson 13 Word and Term Study1. f 2. c 3. e 4. a 5. b 6. dReview Exercises & ProblemsB. 1. c 2. d 3. a 4. b 5. cC. 1. (1) a. Straight-line method: 1st-5th year: $8,400 b. Sum-of-the-years-digits method 1st year: $14,000 2nd year: $11,200 3rd year: $8,400 4th year: $5,600 5th year: $2,800 c. Double-declining-balance method 1st year: $17,600 2nd year: $10,560 3rd year: $6,336 4th year: $3,801.6 5th year: $3,702.4 (2) $6,300 (3) Accumulated depreciation=17,600+10,560=$28,160 Net book value=44,000-28,160=$15,840 2. (1) 2010: $14,400 2011: $12,000 2012: $13,200(2) Accumulated Depreciation at May 1,2012=14,400+12,000+13,200412=$30,800 Net book value at May 1, 2012=77,000-30,800=$46,200 Loss on disposal=46,200-45,000=$1,200The journal entry to record the disposal:Cash 45,000Loss on Disposal 1,200Accumulated Depreciation 30,800 Truck 77,000Lesson 14 Word and Term Study1. Current liabilities2. accrued expense 3. face value (or principal value) 4. Discount on Notes Payable 5. Interest expense6. probable; reasonably estimatedReview Exercises &ProblemsB. 1. T 2. F 3. T 4. T 5. F C. Case Problems1. a. August 8 b. $562.5 c. $5,1002. 2009Oct. 17 Cash 28,000 Unearned Revenue 28,000Nov.1 Cash 43,650 Discount on Notes Payable 1,350 Notes Payable 45,000Dec. 1 Accounts Payable 21,000 Notes Payable 21,000Dec. 4 Unearned Revenue 16,000 Service Revenue 16,000Dec. 31 Interest Expense 675 Discount on Notes Payable 675 Interest Expense 175 Interest Payable 175Jan. 30 Notes Payable 21,000 Interest Expense 175 Interest Payable 175 Cash 21350Mar. 1 Notes Payable 45,000 Interest Expense 675 Cash 45,000 Discount on Notes Payable 675 D. 参考译文：假如客户做了某笔付款而企业并没有发出货物或提供相应的劳务，那么会计人员就要把这笔现金收款作为负债处理，记入预收账款。当客户的订单金额巨大或要求特殊时，企业一般会要求对方就订单预付一定现金，这样预收就会产生。另一种常见的情况是客户被要求交纳一定的保证金，比如不动产租赁时，出租企业一般会预收一个月的租金作为财产损失的保证金。 Lesson 15 Word and Term StudyA. 1. d 2. b 3. a 4. e 5.c B. 1. discount 2. decrease 3. carrying value / book value 4. effective interest 5. over Review Exercises & Problems B1. T 2. T 3. F 4. T 5. FC. Case Problema. Jan.1,2010 Cash 108,530 Premium on Bonds Payable 8,530 Bonds Payable 100,000b. $4,000c. $31,470d