会计专业英语
绝世美人儿
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2021年01月25日 17:24
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劳动节祝福语-
一、
words and phrases
1.
残值
scrip value
2.
分期付款
installment
3.
concern
企业
4.
reversing entry
转回分录
5.
找零
change
6.
报销
turn over
7.
past due
过期
8.
inflation
通货膨胀
9.
on account
赊账
10.
miscellaneous expense
其他费用
11.
charge
收费
12.
汇票
draft
13.
权益
equity
14.
accrual basis
应计制
15.
retained earnings
留存收益
16.
trad-in
易新，以旧换新
17.
in transit
在途
18.
collection
托收款项
19.
资产
asset
20.
proceeds
现值
21.
报销
turn over
22.
dishonor
拒付
23.
utility expenses
水电费
24.
outlay
花费
25.
IOU
欠条
26.
Going- concern concept
持续经营
27.
运费
freight
十六、
Multiple-choice question
of the following does not describe accounting? ( C )
A. Language of business
B. Useful ofr decision making
C. Is an end rathe than a means to an end.
by business, government, nonprofit organizations, and individuals.
objective of financial reporting is to ( B )
A. Assess the adequacy of internal control.
e
information
useful
for
investor
decisions.
te
management
results
compared
with
standards.
e information on compliance with established procedures.
of the following statements is(are) correct?( B )
lated depreciation represents a cash fund being accumulated for the replacement of plant assets.
B.A company may use different depreciation methods in its financial statements and its income tax return.
cost of a machine includes the cost of repairing damage to the machine during the installation process.
use
of
an
accelerated
depreciation
method
causes
an
asset
to
wear
out
more
quickly
than
does
use
of
the
unit-of-product method.
4. Which of the following is(are) correct about a company
’
s balance sheet? ( B )
displays sources and uses of cash for the period.
is an expansion of the basic accounting equation
is not sometimes referred to as a statement of financial position.
is unnecessary if both an income statement and statement of cash flows are availabe.
ives
of
financial
reporting
to
external
investors
and
creditors
include
preparing
information
about
all
of
the
following except. ( A )
ation used to determine which products to poduce
ation about economic resources, claims to those resources, and changes in both resources and claims.
ation that is useful in assessing the amount, timing, and uncertainty of future cash flows.
ation that is useful in making ivestment and credit decisions.
of the following measures strengthens internal control over cash receipts except. ( C )
use of a petty cash fund.
ation of a daily listing of all checks received through the mail.
use of cash registers.
deposit of cash receipts in the bank on a daily basis.
primary purpose for using an inventory flow assumption is to. ( A )
against
revenue
an
appropriate
cost
of
goods
sold.
el
the
physical
flow
of
units
of
merchandise.
ze income taxes.
ze the reported amount of net income.
general terms, financial assets appear in the balance sheet at. ( B )
t value
value
ted future sales value.
the going-concem assumption is no longer valid for a company except. ( C )
held as an ivestment would be valued at its liquidation value.
prepaid assets would be completely written off immediately.
contributed capital and retained earnings would remain unchanged.
allowance for uncollectible accounts would be eliminated.
of the following explains the debit and credit rules relating to the recording of revenue and expenses?( C )
es appear on the left side of the balance sheet and are recorded by debits;revenue appears on the right side of
the balance sheet and is reoorded by credits.
B. Expenses appear on the left side of the income statement and are recorded by debits; Revenue appears on the right
side of the income statement and is recorded by credits.
effects of revenue and expenses on owners
’
equity.
realization principle and the matching principle.
of the following statements is(are) correct?( B )
lated depreciation represents a cash fund being accumulated for the replacement of plant assets.
cost of a machine do not includes the cost of repairing damage to the machine during the installation prcess.
C.A company may use same depreciation methods in its finacial statements and its income tax return.
use
of
an
accelerated
depreciation
method
causes
an
asset
to
wear
out
more
quickly
than
does
use
of
the
straight-line method.
12.A set of financial statements ( B ) except.
intended to assist users in evaluating the financial position, profitability, and future prospects of an entity.
intended
to
assist
the
Intemal
Revenue
Service
in
detemining
the
amount
of
income
taxes
owed
by
a
business
organization.
es notes disclosing information necessary for the proper interpretation of the statements.
intended to assist investors and creditors in making decisions inventory the allocation of economic resources.
primary purpose for using an inventory flow assumption is to. ( B )
el
the
physical
flow
of
units
of
merchandise.
against
revenue
an
appropriate
cost
of
goods
sold
ze income taxes.
ze the reported amount of net income.
te all correct answers. In the accounting cycle. ( D )
ctions are posted before they are journalized.
B.A trial balance is prepared after journal entries haven
’
t been posted.
Retained Earnings account is not shown as an up-to-date figure in the trial balance.
entries are posted to appropriate ledger accounts.
ing to text, Objectives of Financial Reporting by Business Enterprises. ( D )
l users have the ability to prescribe information they want.
ation is always based on exact measures.
ial reporting is usually based on industries or the economy as a whole.
ial accounting does not directly measure the value of a business enterprise.
te all correct answers. Dividends except ( A )
se owners
’
equity.
se net income
recorded by debiting the Cash account
a business expense
of the following practices contributes to efficient cash management? ( C )
borrow money-maintain a cash balance sufficient to make all necessary payments.
all cash receipts and cash payments at the end of the month when reconciling the bank statements.
e monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance.
each bill as soon as the invoice arrives.
of the following would you expect to find in a correctly prepared income statement? ( A )
es earned during the period.
balance at the end of the period.
butions by the owner during the period.
es incurred during the next period to earn revenues.
of the following are important factors in ensuring the integrity of accounting information? ( D )
utional factors, such as standards for preparing information.
sional organizations, such as the American
Institute of CPAs.
ence
’
judgment
’
and ethical behavior of individual accountants
’
of the above.
十七、
Practices1
Jan.1, 2000, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10
years and an estimated salvage value of $$5,000. The depreciation applicable to this equipment was $$40,000 for 2000,
calculated under the sum-of
–
the- years
’
–
digits method. Required: Determine the acquisition cost of the equipment. ( C )
A.$$210,000
B.$$250,000
C.$$225.000
D.$$200,000
2. On Jan.2, 2002, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of
10 years and an estimated salvage value of $$5,000. The depreciation applicable to this equipment was $$24,000 for 2004,
calculated under the sum-of
–
the- years
’
–
digits method (4%). Required: Determine the acquisition cost of the equipment.
( C )
A.$$220,000
B.$$250,000
C.$$224.000
D.$$200,000
3. October 1, 2005, Coast Financial Ioaned Bart Corporation $$3000,000, receiving in exchange a nine-month, 12 percent
note receivable. Coast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all
notes receivable. The interest earned on the note receivable from Bart Corporation during 2006 will amount to. ( A )
A.$$9,000
B.$$18,000
C.$$27.000
D.$$36,000
Question: What is the reconciled balance? ( B )
A.$$4,187
B.$$4,085
C.$$4,090
D.$$4,000