会计英语练习题

专业英语习题一、单项选择题1.Whichofthefollowingarereportedinthestockholders’equitysectionofthebalancesheet?()revenuesandexpensesdividendsandretainedearningscommonstockanddividendscommonstockandretainedearnings2.Currentassetsarepresentedinthebalancesheetinorderof()dollaramountsliquiditysolvencythealphabet3.Currentliabilitiesincludeallofthefollowingexcept()accruedwagespayableadvancereceivedfromcustomercurrentportionoflong-termloanprepaidexpenses4.Credittermsof2/10n/30indicate:()a2%discountif10itemsarepurchasednopaymentisrequireduntilthe31stdayaftertheinvoicedatea10%discountif2itemsarepurchased.a2%discountforamountspaidwithin10daysoftheinvoiceandtheremainingbalanceduewithin30days5.WhichstatementregardingtheinventoryturnoverratioisNotTrue?()Theratiomeasurestheaveragerateofspeedinventoriesmovethroughandoutofcompany.Inventoryturnover=AverageInventoryCOGSInventoryturnoverfiguresvaryconsiderablyfromindustrytoindustry.Alowinventoryturnovercanresultfromanoverextendedinventorypositionorfrominadequatesalesvolume.6.Whichstatementregardingtheliabilitiesandowners’equitysectionofbalancesheetisFalse?()PaymentofDividendPayableeliminatesboththeassetsandtheowners’equityLiabilitiesaredebtsorobligationsthatmustbedischargedinmoneyorservicesinthefutureOwners’equityisaresidualclaimtotheremainingassetsafterdischargeofdebts.BalancesheetofcorporationsshouldseparateCapitalStockandRetainedEarnings.7.Whatisthedifferencebetweenthequickandcurrentratio?()Thequickratiodealswiththecompany’sabilitytopayitsliabilitieswhereasthecurrentratiodoesnotThecurrentratioisamorestringent(严格的)testofliquiditythanthequickratio.Thequickratioexcludesinventory,whichthecurrentratioincludesforcalculationpurposes.Managementprimarilyusesthecurrentratiowhereasinvestorsandanalystsaretheprimaryusersofthequickratio.8.WhatofthefollowingisNotanexampleofapportionmentofrecordedcosts?()DepreciationoffixedassetsReallocationofreceiptsinadvance.Expirationofinsurancepremium.Consumeofsupplies.9.Foritsmostrecentyear,acorporationhadbeginningandendingaccountsreceivablebalancesof$50,000and$60,000,respectively.Theyear'ssalesonaccountwere$800,000.Whatwastheamountofcashreceivedfromcustomersduringtheyear?()$790,000$820,000$810,000$800,00010.Salesrevenue$200,000,beginninginventory$30,000,inventorypurchased$100,000andinventorysold$90,000.Itistruethat()goodsavailableforsale(GAFS)equals$200,000grossprofitequals$110,000endinginventoryequals$30,000costofgoodssold(COGS)equals$40,00011.Usersoffinancialinformationmaybeclassifiedasinternalorexternal.Whichfollowingstatementistrueregardingfinancialinformationusers?()Externalusersevaluatetheperformanceofacompany'smanagementusingmanagementaccountingreports.Financialaccountingprovidesinformationtomanagersandexternalusers,suchaspotentialinvestors.Manylawsrequiremanagerialaccountingreportsbereportedtovariouslevelsofthegovernment.Managementaccountingprovidesinformationtomanagersandexternalusers,suchaspotentialinvestors.12.Whatdoestheterm‘netrealizablevalue’meanregardingAccountsReceivable?()NetrealizablevalueisthebalanceintheAccountsReceivableaccountasofagivendate.Netrealizablevalueiswhatacompany’sAccountsReceivableaccountswillbringiftheyaresoldtoathirdparty.AccountsReceivablelessAllowanceforUncollectibleAccountswillequalthenetrealizablevalueofAccountsReceivableNetrealizablevalueisthebalanceintheAllowanceforUncollectibleAccountsasofagivendate.13.Whichofthefollowingstatementsaboutatrailbalanceisincorrect?()It’sprimarypurposeistoprovethemathematicalequalityofdebitsandcreditsafterpostingItuncoverscertainerrorsinthejournalizingandpostingItisusefulinthepreparationoffinancialstatementsItprovesthatalltransactionshavebeenrecorded.14.Intheclosingprocessalloftherevenuesandexpensesaccountbalancesaretransferredtothe()capitalaccountincomesummaryaccountretainedearningsaccountdividendsaccount15.Thepost-closingtrialbalanceconsistsonlyof()Assetandliabilityaccountstemporaryaccountsrevenueandexpenseaccountspermanentaccounts16.WhichofthefollowingstatementsisTrue?(D)Thecreditsideofanaccountimpliessomethingfavorable.Foragivenaccount,totaldebitsmustalwaysequaltotalcredits.TransactionsareinitiallyrecordedinaledgeraccountJournalizingmeansenteringtheeconomiceffectofeachtransactioninajournalinchronologicalorderunderthedouble-entrysystem.17.Financialstatementscanbepreparedfrom(B)thetrialbalancetheadjustedtrialbalancethejournalliabilitiesaccountsowners’equityaccountsrevenuesaccountsexpensesaccounts7.Adjustingentriesmadetoalignrevenueandexpensewiththeappropriateperiodsconsistof:()Apportioningrecordedcosttoperiodsbenefited.ApportioningrecordedrevenuetoperiodsinwhichitisearnedAccruingunrecordedexpensesAccruingunrecordedrevenueMerchandiseinventoryadjustment8.Assumeendinginventoryisoverstatedbecausesomeinventoryisaccidentallycountedtwice.Whichofthestatementsbelowregardingthissituationistrue?()Netincomeforthisaccountingperiodwillbeoverstated.COGSforthisaccountingperiodwillbeoverstatedNetincomeinthenextaccountingperiodwillbeunderstated.EndingRetainedEarningsinthenextaccountingperiodwillbecorrect.9.Whichstatementbelowregarding"closingprocedures"iscorrect?()Closingproceduresonlyapplytotemporaryaccounts.Closingthebooksmeanstopreparetheaccountsfornextperiod'stransactions.Theclosingprocessonlyappliestopermanentaccounts.EventuallyclosingentriestransfertemporaryaccountbalancestoRetainedEarnings.三、判断题Thenormalbalanceofanaccountappearsonthesideforrecordingincreases()Itiscustomarytoincludeanyamountsreceivedfromcustomersbuthasnotyetearnedasrevenueincurrentliability.()Financialpositionofanorganizationcanbestbedeterminedbyreferringtotheincomestatement.()ManagerialaccountingisgovernedbyGAAP.()Currentassetsarepresentedintheorderofliquidityorconvertibilityintocash;whilecurrentliabilitiesarelistedintheorderthattheycomedue.()Closingproceduresonlyapplytopermanentaccounts.()Netincomeornetlossintheincomestatementisreflectedintheowners’equitysectiononthebalancesheetattheendoftheaccountingperiod.()Retainedearningrepresentsexactlywhatthetermimplies:thatportionofnetincomethecompanyhasretained.()BusinessfirmswhoseaccountingyearendsonDecember31aresaidtobeonacalendar-yearbasis.()Theincomestatementsubtractsassetsfromrevenuestodetermineincomeorlossforaperiodtime.()Postingtransfersjournalentriestoledgeraccounts.()Wheninterimfinancialstatementarebeingprepared,usuallyadjustmentsaremadeonlyontheworksheetandwillnotberecordedinthejournalandpostedtotheledgeraccount..()Inordertopermitnormalrecordingofsubsequentpaymentsorreceipts,itisdesirabletomakereversingentriesattheendoftheaccountingperiod.()TheentrytowriteoffaspecificuncollectibleaccounthasnoeffectonnetrealizableAccountReceivableaccount.()Inthecaseofcorporation,theIncomeSummaryaccountwillbeclosedtotheRetainedEarningsaccount,whichiskeptseparatelyfromtheCapitalStockaccount.()COGS=Beginninginventory－Netpurchase－Endinginventory()Inordertopermitnormalrecordingofsubsequentpaymentorreceipts,itisdesirabletomakereversingentriesatthebeginningofnextaccountingperiod.()Theentrytowriteoffaspecificuncollectibleaccounthasnoeffectonnetincomeandontotalassets.()Thetermsdebitandcreditareusedtodescribetheright-handandlefthandsidesofany“two-column”account.()BusinessfirmswhoseaccountingyearendsonDecember31aresaidtobeonafiscalyearbasis.()Alladjustingentrieswillaffectonebalancesheetaccountandoneincomestatementaccount.()ExpenseaccountsareclosedbydebitingeachexpenseaccountandcreditingRetainedEarnings()Closingentriesproduceazerobalanceinrevenueaccounts,assetaccountsanddividendaccounts.()Theadjustedtrialbalancecontainsallofthedataneededforpreparationoftheincomestatement,retainedearningsstatementandthebalancesheet.()Thebalancesheetpresentsacompany’sassets,liabilitiesandstockholdersequityataspecificpointintime.()Postingtransfersledgertransactiondatatojournal.()Thepresentationoftheowners’equitysectionissameforthreetypesofbusinessorganization.()四、业务题ThenightmanagerofMajesticLimousineService,whohadnoaccountingbackground,preparedthefollowingbalancesheetforthecompanyatFebruary28,2001.Thedollaramountsweretakendirectlyfromthecompany’saccountingrecordsandarecorrect.However,thebalancesheetcontainsanumberoferrorsinitsheadings,format,andtheclassificationofassets,liabilities,andowner’sequity.MAJESTICLIMOManager’sreport8p.m.ThursdayAssetsOwner’sEquityJ.Snow,Capital………………$162,000AccountsReceivable…………..$78,000Cash…………..69,000NotesPayable….288,000Building………80,000Supplies…………14,000Automobiles….165,000Land……………70,000AccountsPayable………………26,000$476,000$476,000Prepareacorrectedbalancesheet.Includeaproperheading.AninexperiencedaccountantforFowlerCompanypreparedthefollowingincomestatementforthemonthofAugust2001:FOWLERCOMPANYAugust31,2001Revenues:Servicesprovidedtocustomers……………$10,000InvestmentbyO.Fowler,owner…………5,000Loanfrombank………………..15,000$30,000Expenses:Paymentstolong-termcreditors………$8,000ExpensesrequiredtoprovideServicestocustomers…………………7,500Purchaseofland……..……16,00031,500$1,500Instruction:Preparearevisedincomestatementinaccordancewithgenerallyacceptedaccountingprinciples.ThefollowingaccountsshowthefirstsixtransactionsoftheGutierez.ConstructionCompany.Prepareajournalentry(includingwrittenexplanation)foreachtransaction.CashVehiclesNov.1120,000Nov.833,600Nov.309,400Nov.2512,000LandNotesPayableNov.870,000Nov.2512,000Nov.895,000BuildingAccountsPayableNov.858,600Nov.21480Nov.153,200OfficeEquipmentJoeGutierrez,CapitalNov.153,200Nov.21480Nov.1120,000Nov.309,400LouisDixon,adentist,beginhisowndentalpractice.Thepracticewasorganizedasasoleproprietorship.ThebusinesstransactionsduringSeptemberarelistedbelow.Sept.1Dixonopenedabankaccountinthenameofthebusinessbydepositing$50,000cash.,whichhehadsavedoveranumberofyears.Sept.10Purchasedasmallofficebuildingforatotalpriceof$182,400,ofwhich$106,000wasapplicabletothelandand$76,400tothebuilding.Acashpaymentof$36,500wasmadeandanotepayablewasissuedforthebalanceofthepurchaseprice.Sept15PurchasedamicrocomputersystemfromComputerStores,inc.for$4,680cash.Sept.19Purchasedofficefurnishings,atacostof$5,760.Acashdownpaymentof$960wasmade,thebalancetobepaidinfuture.Instructionpreparejournalentriestorecordtheabovetransactions.Selecttheappropriateaccounttitlesfromthefollowingchartofaccounts:cash；officefurnishings；notespayable；accountsreceivable；land；accountspayable；building；LouisDixon,Capital；ComputerSystem《专业英语习题》参考答案一、单项选择题1.d2.b3.d4.d5.b6.a7.c8.b9.a10.b11.b12.c13.d14.b15.d二、多项选择题1.bcd2.acd3.abcde4.abcde5.abc6.abcde7.abcde8.acd9.abd三、判断题1.T2.T3.F4.F5.T6.F7.T8.T9.T10.F11.T12.T13.F14.T15.T16.F17.T18.T19.T20.F21.F22.F23.F24.T25.T26.F27.F四、业务题1.Answer:MAJESTICLIMOBalanceSheetFebruary28,2001AssetsLiabilities&Owner’sEquityCash…………..69,000NotesPayable….288,000AccountsReceivable…………..78,000AccountsPaya