会计专业英语

会计专业英语会计专业英语会计专业英语资料仅供参考文件编号：2022年4月会计专业英语版本号：A修改号：1页次：1.0审核：批准:发布日期：wordsandphrases残值scripvalue分期付款installmentconcern企业reversingentry转回分录找零change报销turnoverpastdue过期inflation通货膨胀onaccount赊账miscellaneousexpense其他费用charge收费汇票draft权益equityaccrualbasis应计制retainedearnings留存收益trad-in易新，以旧换新intransit在途collection托收款项资产assetproceeds现值报销turnoverdishonor拒付utilityexpenses水电费outlay花费IOU欠条Going-concernconcept持续经营运费freightMultiple-choicequestion1.Whichofthefollowingdoesnotdescribeaccounting

(C)

A.LanguageofbusinessB.UsefulofrdecisionmakingC.Isanendrathethanameanstoanend.D.Usedbybusiness,government,nonprofitorganizations,andindividuals.2.Anobjectiveoffinancialreportingisto(B)A.Assesstheadequacyofinternalcontrol.B.Provideinformationusefulforinvestordecisions.C.Evaluatemanagementresultscomparedwithstandards.D.Provideinformationoncompliancewithestablishedprocedures.3.Whichofthefollowingstatementsis(are)correct(B)A.Accumulateddepreciationrepresentsacashfundbeingaccumulatedforthereplacementofplantassets.B.Acompanymayusedifferentdepreciationmethodsinitsfinancialstatementsanditsincometaxreturn.C.Thecostofamachineincludesthecostofrepairingdamagetothemachineduringtheinstallationprocess.D.Theuseofanaccelerateddepreciationmethodcausesanassettowearoutmorequicklythandoesuseoftheunit-of-productmethod.4.Whichofthefollowingis(are)correctaboutacompany’sbalancesheet

(B)A.Itdisplayssourcesandusesofcashfortheperiod.B.ItisanexpansionofthebasicaccountingequationC.Itisnotsometimesreferredtoasastatementoffinancialposition.D.Itisunnecessaryifbothanincomestatementandstatementofcashflowsareavailabe.5.Objectivesoffinancialreportingtoexternalinvestorsandcreditorsincludepreparinginformationaboutallofthefollowingexcept.(A)A.InformationusedtodeterminewhichproductstopoduceB.Informationabouteconomicresources,claimstothoseresources,andchangesinbothresourcesandclaims.C.Informationthatisusefulinassessingtheamount,timing,anduncertaintyoffuturecashflows.D.Informationthatisusefulinmakingivestmentandcreditdecisions.6.Eachofthefollowingmeasuresstrengthensinternalcontrolovercashreceiptsexcept.(C)A.Theuseofapettycashfund.B.Preparationofadailylistingofallchecksreceivedthroughthemail.C.Theuseofcashregisters.D.Thedepositofcashreceiptsinthebankonadailybasis.7.Theprimarypurposeforusinganinventoryflowassumptionisto.(A)A.Offsetagainstrevenueanappropriatecostofgoodssold.B.Parallelthephysicalflowofunitsofmerchandise.C.Minimizeincometaxes.D.Maximizethereportedamountofnetincome.8.Ingeneralterms,financialassetsappearinthebalancesheetat.(B)A.CurrentvalueB.FacevalueC.CostD.Estimatedfuturesalesvalue.9.Ifthegoing-concemassumptionisnolongervalidforacompanyexcept.(C)A.Landheldasanivestmentwouldbevaluedatitsliquidationvalue.B.Allprepaidassetswouldbecompletelywrittenoffimmediately.C.Totalcontributedcapitalandretainedearningswouldremainunchanged.D.Theallowanceforuncollectibleaccountswouldbeeliminated.10.Whichofthefollowingexplainsthedebitandcreditrulesrelatingtotherecordingofrevenueandexpenses(C)A.Expensesappearontheleftsideofthebalancesheetandarerecordedbydebits;revenueappearsontherightsideofthebalancesheetandisreoordedbycredits.B.Expensesappearontheleftsideoftheincomestatementandarerecordedbydebits;Revenueappearsontherightsideoftheincomestatementandisrecordedbycredits.C.Theeffectsofrevenueandexpensesonowners’equity.D.Therealizationprincipleandthematchingprinciple.11.Whichofthefollowingstatementsis(are)correct(B)A.Accumulateddepreciationrepresentsacashfundbeingaccumulatedforthereplacementofplantassets.B.Thecostofamachinedonotincludesthecostofrepairingdamagetothemachineduringtheinstallationprcess.C.Acompanymayusesamedepreciationmethodsinitsfinacialstatementsanditsincometaxreturn.D.Theuseofanaccelerateddepreciationmethodcausesanassettowearoutmorequicklythandoesuseofthestraight-linemethod.12.Asetoffinancialstatements(B)except.A.Isintendedtoassistusersinevaluatingthefinancialposition,profitability,andfutureprospectsofanentity.B.IsintendedtoassisttheIntemalRevenueServiceindeteminingtheamountofincometaxesowedbyabusinessorganization.C.Includesnotesdisclosinginformationnecessaryfortheproperinterpretationofthestatements.D.Isintendedtoassistinvestorsandcreditorsinmakingdecisionsinventorytheallocationofeconomicresources.13.Theprimarypurposeforusinganinventoryflowassumptionisto.(B)A.Parallelthephysicalflowofunitsofmerchandise.B.OffsetagainstrevenueanappropriatecostofgoodssoldC.Minimizeincometaxes.D.Maximizethereportedamountofnetincome.14.Indicateallcorrectanswers.Intheaccountingcycle.(D)A.Transactionsarepostedbeforetheyarejournalized.B.Atrialbalanceispreparedafterjournalentrieshaven’tbeenposted.C.TheRetainedEarningsaccountisnotshownasanup-to-datefigureinthetrialbalance.D.Joumalentriesarepostedtoappropriateledgeraccounts.15.Accordingtotext,ObjectivesofFinancialReportingbyBusinessEnterprises.(D)A.Extemalusershavetheabilitytoprescribeinformationtheywant.B.Informationisalwaysbasedonexactmeasures.C.Financialreportingisusuallybasedonindustriesortheeconomyasawhole.D.Financialaccountingdoesnotdirectlymeasurethevalueofabusinessenterprise.16.Indicateallcorrectanswers.Dividendsexcept(A)A.Decreaseowners’equity.B.DecreasenetincomeC.ArerecordedbydebitingtheCashaccountD.Areabusinessexpense17.Whichofthefollowingpracticescontributestoefficientcashmanagement(C)A.Neverborrowmoney-maintainacashbalancesufficienttomakeallnecessarypayments.B.Recordallcashreceiptsandcashpaymentsattheendofthemonthwhenreconcilingthebankstatements.C.Preparemonthlyforecastsofplannedcashreceipts,payments,andanticipatedcashbalancesuptoayearinadvance.D.Payeachbillassoonastheinvoicearrives.18.Whichofthefollowingwouldyouexpecttofindinacorrectlypreparedincomestatement(A)A.Revenuesearnedduringtheperiod.B.Cashbalanceattheendoftheperiod.C.Contributionsbytheownerduringtheperiod.D.Expensesincurredduringthenextperiodtoearnrevenues.19.Whichofthefollowingareimportantfactorsinensuringtheintegrityofaccountinginformation(D)A.Institutionalfactors,suchasstandardsforpreparinginformation.B.Professionalorganizations,suchastheAmericanInstituteofCPAs.C.Competence’judgment’andethicalbehaviorofindividualaccountants’D.Alloftheabove.Practices11.OnJan.1,2000,MarkCo,acquiredequipmenttouseinitsoperations.Theequipmenthasanestimatedusefullifeof10yearsandanestimatedsalvagevalueof$5,000.Thedepreciationapplicabletothisequipmentwas$40,000for2000,calculatedunderthesum-of–the-years’–digitsmethod.Required:Determinetheacquisitioncostoftheequipment.(C)A.$210,000B.$250,000C.$225.000D.$200,0002.OnJan.2,2002,MarkCo,acquiredequipmenttouseinitsoperations.Theequipmenthasanestimatedusefullifeof10yearsandanestimatedsalvagevalueof$5,000.Thedepreciationapplicabletothisequipmentwas$24,000for2004,calculatedunderthesum-of–the-years’–digitsmethod(4%).Required:Determinetheacquisitioncostoftheequipment.(C)A.$220,000B.$250,000C.$224.000D.$200,0003.October1,2005,CoastFinancialIoanedBartCorporation$3000,000,receivinginexchangeanine-month,12percentnotereceivable.CoastendsitsfiscalyearonDecember31andmakesadjustingentriestoaccrueinterestearnedonallnotesreceivable.TheinterestearnedonthenotereceivablefromBartCorporationduring2006willamountto.(A)A.$9,000B.$18,000C.$27.000D.$36,000Question:Whatisthereconciledbalance(B)A.$4,187B.$4,085C.$4,090D.$4,000Required:Choosethereconciledbalance.(D)A.$3,220B.$3,250C.$3,200D.$3,225Required:Calculatethecostofgoodsavailableforsale(C)A.$475,000B.$474,000C.$470,000D.$473,000Required:Calculatethecostofgoodssold(D)A.$225,000B.$254,000C.$250,000D.$253,0008.Attheendofthecurrentyear,theaccountsreceivableaccounthasadebitbalanceof$60,000andnetsalesfortheyeartotal$100,000.Theallowanceaccountbeforeadjunstmenthasadebitbalanceofa$500,anduncollectibleaccountsexpenseisestimatedat1%ofnetsales.Question:Theentryfortheabovebaddebtsis(A)A.Dr.BadDebtAccts.$1,500B.Dr.BadDebtAccts.$500Cr.AllowanceDoubtfulAccts.$1,500Cr.AllowanceDoubtfulAccts.$500C.Dr.BadDebtAccts.$1,000D.Dr.BadDebtAccts.$1,500Cr.AcctsRec.$1,000Cr.AcctsRec.$1,5009.ThebalancesheetitemstoTheOvenBakery(arrangedinalphabeticalorder)wereasfollowsatAugust1,2005.(Youaretocomputethemissingfigureforretainedearnings.)(4%)REQUIRED:FindRetainedearningsatAugust12005(D)A.$420,000B.$44,000C.$40,000D.$48,000Practices2Suebeganapublicaccountingpracticeandcompletedthesetransactionsduringfirstmonthofthecurrentyear.Required:Choosetheentriestorecordthefollowingtransactons.1.Invested$50,000cashinapublicaccountingpracticebegunthisday.(A)A.Dr.Cash$50,000B.Dr.CapitalStock$50,000Cr.CapitalStock$50,000Cr.Cash$50,0002.Paidcashforthreemonts’officerentinadvance$900(B)A.Dr.RentExp.$900B.Dr.PrepaidRent$900Cr.Cash$900Cr.Cash$9003.Paidthepremiumontwoinsurancepolicies,$300.()A.Dr.PrepaidInsurance$300B.Dr.InsuranceExp$300Cr.Cash$300Cr.Cash$3004.CompletedaccountingworkforSunBankoncredit$1000.(A)A.Dr.AcctsRec$1000B.Dr.Cash$1000Cr.AccountingRevenue$1000Cr.AccountingRevenue$10005.Paidthemonthlyutilitybillsoftheaccountingoffice$300(A)A.DrUtilityExp$300B.DrofficeExp$300Cr.Cash$300Cr.Cash$300Lindabeganapublicaccountingpracticeandcompletedthesetransactonsduringfirstmonthofthecurrentyear.Required:Choosetheentriestorecordthefollowingtransactons.6.Invested$20,000cashinapublicaccountingpracticebegunthisday.(A)A.DrCash$20,00B.DrCapitalStock$20,000Cr.CapitalStock$20,000Cr.Cash$20,007.Paidcashforthreemonths’officerentinadvance$1200.(B)A.Dr.RentExp$1200B.Dr.PrepaidRent$1200Cr.Cash$1200Cr.Cash$12008.Purchasedoffficesupplies$100andofficeequipment$2,000oncredit.(B)A.Dr.OfficeEquipment$2,000B.Dr.OfficeEquipment$2,000OfficeSupplies$100OfficeSupplies$100Cr.AcctsRec.$2,100Cr.AcctsPay.$2,1009.CompletedaccountingworkforJackHallandcollected$2000cashtherefore.(B)A.Dr.AcctsRec$2000B.Dr.Cash$2000Cr.AccountingRevenue$2000Cr.AccountingRevenue$200010.Purchaseadditionalofficeequipmentoncredit$2500.(A)A.Dr.Officeequipment$2500B.Dr.Officeequipment$2500Cr.AcctsPay$2500Cr.AcctsRec$2500Translation:1)Themechanicsofdouble-entryaccountingaresuchthateverytransactionisrecordedinthedebitsideofoneormoreaccountsandinthecreditsideofoneormoreaccountswithequaldebitsandcredits.Suchformofcombinationiscalledaccountingentry.Wherethereareonlytwoaccountsaffected.2)thedebitandcreditamountsareequal.Ifmorethantwoaccountsareaffceted,thetotalofthedebitentriesmustequalthetotalofthecreditentries.Thedouble-entryaccountingisusedbyvirtuallyeverybusinessorganization,regardlessofwhetherthecompany’saccountingrecordsaremaintainedmanuallyorbycomputer.1.Themechanicsofdouble-entryaccounting.(B)A.会计两次记账的制度B.复式记账机制C.会计的重复记账体制2.thedebitandcreditamountsareequal.(A)A.借方金额与贷方金额是相等的B.借出金额与贷款金额是相等的C.借入金额与贷款金额是相等的Mostaccountingmethodsarebasedontheassumptionthatthebusinessenterprisewillhavealonglife.Experienceindicatesthat.1)inspiteofnumerousbusinessfailures,companieshaveafairlyhighcontinuancerate.Accountantsdonotbelievethatbusinessfirmswilllastindefinitely,buttheydoexpectthemtolastlongenouthto2)fulfilltheirobjectivesandcommitments.3.inspiteofnumerousbusinessfailures,companieshaveafairlyhighcontinuancerate.(B)A.可惜有许多企业失败,但公司仍有较高的持续经营比率。B.尽管有许多企业倒闭,但公司仍有较高的持续经营比率。C.大中型商业的主要会计工作办公被叫做统制账。4.fulfilltheirobjectivesandcommitments.(C)A.他们充满客观困难与承诺责任。B.完成他们的目的与提交审议。C.实现与履行他们的目标及义务。Theaccountantsinaprivatbusiness,largeorsmall,mustrecordtransactionsandprepareperiodicfinancialstatementsfromaccountingrecrds.1)Thechidfaccountingofficerinamedium-sizedorlargebusinessisusuallycalledthecontroller,whomanagestheworkoftheaccountingstaff.Asapartofthetopmanagementteam,thecontroller2)ischargedwiththetaskof