专业外语第五章习题.doc

专业外语第五章课后作业一、 单词英译汉41.net income; 2.fiscal year; 3.accounting period; 4.interim statement; 5.calendar year;6. accrual accounting; 7. transaction; 8. evidently; 9.merchandise; 10. individual; 11. cash receipt;12.cash accounting; 13. bank deposits; 14. financial performance; 15. conservatism concept; 16.deliver; 17. automobile; 18. materiality concept; 19. make a journal entry; 20. accountant; 21. inventory; 22. trivial; 23. disclose; 24. manufacture; 25. delivery; 26. recognize; 27. tangible product; 28. sales revenue; 29. accounts receivable; 30. credit purchase; 31. advances from customers; 32. subscription; 33.service revenue; 34. tenant; 35. landlord; 36. in advance; 37. rental revenue; 38. lend; 39. interest revenue; 40. bad debt; 41. estimate; 42. reasonably; 43. maintain; 44. a separate account; 45. allowance for doubtful account; 46. bad debt expense; 47. theoretically; 48. write off; 49. monetary asset; 50. days sales uncollected; 二、句子翻译1. Accrual accounting measures revenues and expenses during an accounting period and the difference between them, which is net income. Accrual accounting is more complicated, but more useful, than accounting only for cash receipts and cash payments.2. The materiality concept: Disregard trivial matters, but disclose all important matters.3. The realization concept: Revenue is usually recognized when goods and services are delivered.4. The official accounting period is called the fiscal year, but financial statements can be prepared for shorter periods. They are called interim statements.5. The cost principle states that acquired assets and services should be recorded at their actual cost (also called historical cost). Even though the purchaser may believe the price is a bargain, the item is recorded at the price actually paid and not at the “expected” cost. The cost principle also holds that the accounting records should maintain the historical cost of an asset over its useful life. Because cost is a reliable measure. Suppose your electronics store purchases TV equipment from a supplier who is going out of business. Assume that you get a good deal and pay only $2,000 for equipment that would have cost you $3,000 elsewhere. The cost principle requires you to record the equipment at its actual cost of $2,000, not the $3,000 that you believe the equipment is worth.三、 综合题1. According the following transactions, write out the journal entries. And create a group of “T-Account” ledger Post the transactions to the ledger. Prepare a balance sheet and income statement.On May 1, Mike Seaver started the Seaver Company. In May, Seaver Company did the following transaction:(1) On May 1, the entity received $30,000 cash from Mike Seaver as its capital. (2) On May 2, the entity borrowed $50,000 from a bank, giving a note therefore.(3) On May 4, the entity purchased $24,000 of inventory for cash.(4) On May 6, the entity sold $12,000 of its inventory for $18,000 to GAP Company, which paid $12,000 cash and agreed to pay $6,000 within 30 days.(5) On May 8, the entity purchased an auto for $15,000. The entity paid $3,000 down and gave a note to the automobile dealer for the remaining $12,000.(6) On May 14, the entity sold $10,000 of its inventory for $14,000 to Jean Matthews. Matthews agreed to pay for it in 30 days.(7) On May 17, the entity purchased $20,000 of inventory on credit.(8) On May 21, the entity received a check for $14,000 from Mathews.(9) On May 23, the entity received $8,000 cash in advance from ABC Company to buy the inventory.(10) On May 25, the entity delivered the goods to ABC Company. And the cost of the inventory is $5,000.(11) On May 29, Seaver withdrew $3,000 cash for his personal use.2. Reliability (or Objectivity) PrincipleTo ensure that they are as accurate and as useful as possible, accounting records and statements are based on the most reliable data available. This guideline is the reliability principle, also called the objectivity principle. Reliable data (1) are verifiable and (2) can be confirmed by an independent observer. Ideally, accounting records are based on information that flows from activities documented by objective evidence. For example, an $18 purchase of a shirt by The Gap is supported by a paid invoice. This invoice is objective evidence of the companys cost of the shirt. Without the reliability principle, accounting records would be based on whims and opinions and subject to dispute.Required1). Translate material from English into Chinese.2). Suppose you want to open a stereo shop and are trying to buy a small building. You believe the building is worth $155,000. Two real estate professionals appraise the building at $147,000. The owner of the building demands $160,000, and suppose you pay that price. How much is the accounting value of the building? And why?2. Balances of the assets and liabilities of The Home Depot as of January 31, 1999, are adapted as follows. Also included are the revenue and expense figures of the business for the year ended on that date (amounts in millions):ItemsAmountItemsAmountSales revenue30,219Property and equipment8,532Accounts receivable469Merchandise inventory4,402Accounts payable1,586Other liabilities3,139Common stock2,864Other expenses (summarized)1,650Cost of goods