英文会计期末试卷

1、2007-2008学年第一学期会计学原理（3）期末考试试题（A卷）考试对象：商学院工商管理专业2006级1-5班本期末试卷满分为100分，占课程总成绩的100%答题要求：1 .请将所有答案统一写在答题纸上，不按要求答题的，责任考生自负。2 .答题纸与试卷一同交回，否则酌情扣分。Part One Key Term Appreciation (20%)Required: each of the statements in this part is followed by 4 options marked 1), 2), 3) and 4) of which only one is most app

2、ropriate to fill in the blank in the statement. Note down the one that you consider should be the right one1. Accounting is a managerial information system serving relevant users of 1) managers, shareholders, creditors and customers2) managers, shareholders, suppliers and customers3) shareholders, c

3、reditors, customers and government agencies4) managers, shareholders, creditors and government agencies2. Accounting can be categorized into by the targeted information users.1) ) financial accounting and managerial accounting2) accrual based accounting and cash based accounting3) public accounting

4、and private accounting4) national accounting and international accounting3.are two commonly used inventory systems.1) Perpetual and continuous systems2) Perpetual and periodic systems3) Perpetual and average systems4) Periodic and average systems4. Current assets are inclusive of.1) cash, receivable

5、s, inventory and short-term investments2) cash, payables, inventory and short-term investments3) cash, receivables, payables and short-term investments4) cash, receivables, payables and inventory5. Non-current assets are inclusive of.1) plan-property-and-equipment and natural resource2) natural reso

6、urce and long-term investments3) long-term investments and intangibles4) all above-mentioned categories of asset6. The book value of a fixed asset can be determined by.1) subtracting the accumulated depreciation from the fare value2) subtracting the accumulated depreciation from the market value3) s

7、ubtracting the accumulated depreciation from the acquisition cost4) subtracting the accumulated depreciation from the stated value7. To expense the cost of an intangible asset like a patent over its useful lifeis termed as .1) amortization2) depreciation3) depletion4) write-off8. The legal value of

8、the common stock is the available .1) par value or market value2) par value or stated value3) par value or fare value4) par value of market value9. dividends payment can only be declared and made out of .1) either paid in capital or retained income2) either paid in capital or after-tax net income3)

9、paid in capital4) retained income10. The convertible pond can be changed into commonstock at the discretion of 1) bond holders2) issuing company3) managers4) board of directorsPart One Key Term Appreciation (60%)Required: prepare journal entries for the following transactions occurred in a merchandi

10、sing business, Thomson Co.,Ltd over last financial year. For simplicity it can by in the form of:Dr. XXX(account name)XXX(dollar amount)Cr. XXX(account name)XXX(dollar amount)1. Under perpetual inventory system, acquired a batch of goods on credit. The purchase price is $10,000.2. Made full cash pay

11、ment of the above mentioned purchase.3. Made cash payment of the above purchase s shipping expense in amount of $1,000.4. Sold the above mentioned batch of goods to a customer on account. The selling price is $20,000.5. Simultaneously accounted for the cost of goods sold.6. Issued 100,000 common sto

12、ck shares at the par value (of $10 per share).7. Issued 10,000 ponds at the face value (of $1,000 per bond)8. Made cash purchase of a car expected to be used in operation for $10,000.9. By the year end computed and accounted for the depreciation of the car in amount of $1,000.10. Repurchased 100 Com

13、pany s own issued common stock shares from the stockexchange for $11,000.11. Acquired a patent from a high-tech company for $130,000 of cash.12. Expensed a part of the above mention patent in amount of $13,000.13. Purchased a batch of goods in amount of $10,000 by issuing to the supplier a 3-moth, 1

14、2% promissory note.14. When the above mentioned note became due, made the cash payment for both the face value and the interests of it.15. Purchased a batch of common stock shares issued by another company for $1,230,000 for the purpose of long term holding. It stands for 15% of total ownership of t

15、he issuing company.16. At the year end received a dividend of $10,000 from the issuing company.17. Wrote off a sum uncollectible accounts receivable in amount of $20,000 by using the direct write-off method.18. Sold a batch of goods to a customer making the cash payment of the shipping expense for t

16、he customer for $245,000.19. A batch of sold goods was returned by the customer for the poor quality.The original selling price was $100,000 and the cost of goods sold was $80,000 (note: 2 separate entries are needed for accounting for the event).20. Agreed with a customer to return a part of previo

17、usly collectedcash as thesales revenue in amount of $23,000 as the sale allowance for the poorer quality of the goods sold in comparison with the contracted.21. Under a capital lease contract, a piece of equipment was rented. The total future payment for the use of the equipment is $400,000.22. Boug

18、ht a policy from an insurance company for coming year for $12,000.23. $12,000 was received from a customer, while the goods were not delivered.24. The above mentioned goods were delivered according to the contract signed between the Company and the customer.25. A part of prepaid insurance expense is

19、 expensed in current period in amount of $1,000.26. Closed Sales account which originally had a credit balance of $4,000,000.27. Closed Cost of Goods Sold account which originally had a debit balance of 3,500,000.28. Closed the Income Summary account of which the total credits were $300,000 more tha

20、n the total debits.29. A cash dividend of $200,000 was declared by the board of directors.Part Determination of Depletion Expense(20%)Required: Calculate the annual depletion expense of natural resource owned by a manufacturing company, Higgins Manufacturers, Inc. with the following data by using th

21、e units-of-activity approach and prepare the pertinent journal entry to record it:1. The cost of the natural resource: $120,000,0002. The expected residual value: nil3. The expected output 10,000,000 tons4. This year s output 50,000 tons2007-2008学年第一学期会计学原理(3)期末考试试题(A卷) 参考答案及评分标准考试对象：商学院工商管理专业2006级1

22、-5班本期末试卷满分为100分，占课程总成绩的100%Part One Key Term Appreciation (20%)Required: each of the statements in this part is followed by 4 options marked 1), 2), 3) and 4) of which only one is most appropriate to fill in the blank in the statement. Note down the one that you consider should be the right one2. Ac

23、counting is a managerial information system serving relevant users of 5) managers, shareholders, creditors and customers6) managers, shareholders, suppliers and customers7) shareholders, creditors, customers and government agencies8) managers, shareholders, creditors and government agenciesV2. Accou

24、nting can be categorized into by the targeted information users.1) ) financial accounting and managerial accountingV2) accrual based accounting and cash based accounting3) public accounting and private accounting4) national accounting and international accounting3. are two commonly used inventory sy

25、stems.1) Perpetual and continuous systems2) Perpetual and periodic systems V3) Perpetual and average systems4) Periodic and average systems4. Current assets are inclusive of.1) cash, receivables, inventory and short-term investments2) cash, payables, inventory and short-term investmentsV3) cash, rec

26、eivables, payables and short-term investments4) cash, receivables, payables and inventory5. Non-current assets are inclusive of.1) plan-property-and-equipment and natural resource2) natural resource and long-term investments3) long-term investments and intangibles4) all above-mentioned categories of

27、 assetV6. The book value of a fixed asset can be determined by.1) subtracting the accumulated depreciation from the fare value2) subtracting the accumulated depreciation from the market value3) subtracting the accumulated depreciation from the acquisition costV4) subtracting the accumulated deprecia

28、tion from the stated value7. To expense the cost of an intangible asset like a patent over its useful lifeis termed as .1) amortization V2) depreciation3) depletion4) write-off8. The legal value of the common stock is the available .1) par value or market value2) par value or stated valueV3) par val

29、ue or fare value4) par value of market value9. dividends payment can only be declared and made out of .1) either paid in capital or retained income2) either paid in capital or after-tax net income3) paid in capital4) retained income V10. The convertible pond can be changed into commonstock at the di

30、scretion of 1) bond holders V2) issuing company3) managers4) board of directorsPart One Key Term Appreciation (60%)Required: prepare journal entries for the following transactions occurred in a merchandising business, Thomson Co.,Ltd over last financial year. For simplicity it can by in the form of:

31、Dr. XXX(account name)XXX(dollar amount)Cr. XXX(account name)XXX(dollar amount)1. Under perpetual inventory system, acquired a batch of goods on credit. The purchase price is $10,000.( Dr. Merchandise Inventory, Cr. AccountsPayable )2. Madefull cash payment of the above mentioned purchase. (Dr. Accou

32、nts Payable, Cr. Cash)3. Made cash payment of the above purchase s shipping expense in amount of $1,000. (Dr. Merchandise Inventory, Cr. Cash)4. Sold the above mentioned batch of goods to a customer on account. The selling price is $20,000. (Dr. Accounts Receivable, Cr. Sales)5. Simultaneously accou

33、nted for the cost of goods sold. (Dr. Cost of Goods Sold 11,000, Dr. Merchandise Inventory 11,000)6. Issued 100,000 commonstock shares at the par value (of $10 per share). (Dr. Cash, Cr. Common Stock)7. Issued 10,000 ponds at the face value (of $1,000 per bond) (Dr. Cash, Cr.Bond Payable)8. Made cas

34、h purchase of a car expected to be used in operation for $10,000.(Dr. Property, Plant and Equipment, Cr. Cash)9. By the year end computed and accounted for the depreciation of the car in amount of $1,000. (Dr. Depreciation Expense, Cr. Accumulated Depreciation)10. Repurchased 100 Company s own issue

35、d common stock shares from the stock exchange for $11,000. (Dr. Treasury Stock, Cr. Cash)11. Acquired a patent from a high-tech company for $130,000 of cash.(Dr. Intangible Asset, Cr. Cash)12. Expensed a part of the above mention patent in amount of $13,000. (Dr.Amortion Expense)13. Purchased a batc

36、h of goods in amount of $10,000 by issuing to the supplier a 3-moth, 12%promissory note.(Dr. Merchandise Inventory, Cr. Notes Payable)14. When the above mentioned note became due, made the cash payment for boththe face value and the interests of it. (Dr. Notes Payable 10,000; Interest Expense 300, C

37、r. Cash 10,300)15. Purchased a batch of common stock shares issued by another company for $1,230,000 for the purpose of long term holding. It stands for 15% of total ownership of the issuing company.(Dr. Stock Investment, Cr. Cash)16. At the year end received a dividend of $10,000 from the issuing c

38、ompany.(Dr. Cash, Cr. Dividend Revenue)17. Wrote off a sum uncollectible accounts receivable in amount of $20,000 by using the direct write-off method.(Dr. Bad Debt Expense, Cr. Accounts Receivable)18. Sold a batch of goods to a customer making the cash payment of the shipping expense for the custom

39、er for $245,000.(Dr. Freight-out Expense, Cr. Cash)19. A batch of sold goods was returned by the customer for the poor quality.The original selling price was $100,000 and the cost of goods sold was $80,000 (note: 2 separate entries are needed for accounting for the event).(Dr. Sales Return and Allow

40、ance, Cr. Accounts Payable) (Dr. Merchandise Inventory, Cr. Cost of Goods Sold)20. Agreed with a customer to return a part of previously collectedcash as thesales revenue in amount of $23,000 as the sale allowance for the poorerquality of the goods sold in comparison with the contracted. (Dr. SalesR

41、eturn and Allowance, Cr. Cash)21. Under a capital lease contract, a piece of equipment was rented. The total future payment for the use of the equipment is $400,000. (Dr. Leased Asset, Cr. Lease Liability)22. Bought a policy from an insurance company for coming year for $12,000. (DrPrepaid Insurance Expense, Cr. Cash)23. $12,000 was received from a customer, while the goods were not delivered.(Dr. Unearned Revenue, Cr. Cash)24. The above mentioned goods were del