会计英语练习题.docx
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会计英语练习题.docx
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会计英语练习题
专业英语习题
一、单项选择题
1.Whichofthefollowingarereportedinthestockholders’equitysectionofthebalancesheet?
()
a.revenuesandexpenses
b.dividendsandretainedearnings
monstockanddividends
monstockandretainedearnings
2.Currentassetsarepresentedinthebalancesheetinorderof()
a.dollaramounts
b.liquidity
c.solvency
d.thealphabet
3.Currentliabilitiesincludeallofthefollowingexcept()
a.accruedwagespayable
b.advancereceivedfromcustomer
c.currentportionoflong-termloan
d.prepaidexpenses
4.Credittermsof2/10n/30indicate:
()
a.a2%discountif10itemsarepurchased
b.nopaymentisrequireduntilthe31stdayaftertheinvoicedate
c.a10%discountif2itemsarepurchased.
d.a2%discountforamountspaidwithin10daysoftheinvoiceandtheremainingbalanceduewithin30days
5.WhichstatementregardingtheinventoryturnoverratioisNotTrue?
()
a.Theratiomeasurestheaveragerateofspeedinventoriesmovethroughandoutofcompany.
b.Inventoryturnover=AverageInventoryCOGS
c.Inventoryturnoverfiguresvaryconsiderablyfromindustrytoindustry.
d.Alowinventoryturnovercanresultfromanoverextendedinventorypositionorfrominadequatesalesvolume.
6.Whichstatementregardingtheliabilitiesandowners’equitysectionofbalancesheetisFalse?
()
a.PaymentofDividendPayableeliminatesboththeassetsandtheowners’equity
b.Liabilitiesaredebtsorobligationsthatmustbedischargedinmoneyorservicesinthefuture
c.Owners’equityisaresidualclaimtotheremainingassetsafterdischargeofdebts.
d.BalancesheetofcorporationsshouldseparateCapitalStockandRetainedEarnings.
7.Whatisthedifferencebetweenthequickandcurrentratio?
()
a.Thequickratiodealswiththecompany’sabilitytopayitsliabilitieswhereasthecurrentratiodoesnot
b.Thecurrentratioisamorestringent(严格的)testofliquiditythanthequickratio.
c.Thequickratioexcludesinventory,whichthecurrentratioincludesforcalculationpurposes.
d.Managementprimarilyusesthecurrentratiowhereasinvestorsandanalystsaretheprimaryusersofthequickratio.
8.WhatofthefollowingisNotanexampleofapportionmentofrecordedcosts?
()
a.Depreciationoffixedassets
b.Reallocationofreceiptsinadvance.
c.Expirationofinsurancepremium.
d.Consumeofsupplies.
9.Foritsmostrecentyear,acorporationhadbeginningandendingaccountsreceivablebalancesof$50,000and$60,000,respectively.Theyear'ssalesonaccountwere$800,000.Whatwastheamountofcashreceivedfromcustomersduringtheyear?
()
a.$790,000
b.$820,000
c.$810,000
d.$800,000
10.Salesrevenue$200,000,beginninginventory$30,000,inventorypurchased$100,000andinventorysold$90,000.Itistruethat()
a.goodsavailableforsale(GAFS)equals$200,000
b.grossprofitequals$110,000
c.endinginventoryequals$30,000
d.costofgoodssold(COGS)equals$40,000
11.Usersoffinancialinformationmaybeclassifiedasinternalorexternal.Whichfollowingstatementistrueregardingfinancialinformationusers?
()
a.Externalusersevaluatetheperformanceofacompany'smanagementusingmanagementaccountingreports.
b.Financialaccountingprovidesinformationtomanagersandexternalusers,suchaspotentialinvestors.
c.Manylawsrequiremanagerialaccountingreportsbereportedtovariouslevelsofthegovernment.
d.Managementaccountingprovidesinformationtomanagersandexternalusers,suchaspotentialinvestors.
12.Whatdoestheterm‘netrealizablevalue’meanregardingAccountsReceivable?
()
a.NetrealizablevalueisthebalanceintheAccountsReceivableaccountasofagivendate.
b.Netrealizablevalueiswhatacompany’sAccountsReceivableaccountswillbringiftheyaresoldtoathirdparty.
c.AccountsReceivablelessAllowanceforUncollectibleAccountswillequalthenetrealizablevalueofAccountsReceivable
d.NetrealizablevalueisthebalanceintheAllowanceforUncollectibleAccountsasofagivendate.
13.Whichofthefollowingstatementsaboutatrailbalanceisincorrect?
()
a.It’sprimarypurposeistoprovethemathematicalequalityofdebitsandcreditsafterposting
b.Ituncoverscertainerrorsinthejournalizingandposting
c.Itisusefulinthepreparationoffinancialstatements
d.Itprovesthatalltransactionshavebeenrecorded.
14.Intheclosingprocessalloftherevenuesandexpensesaccountbalancesaretransferredtothe()
a.capitalaccount
b.incomesummaryaccount
c.retainedearningsaccount
d.dividendsaccount
15.Thepost-closingtrialbalanceconsistsonlyof()
a.Assetandliabilityaccounts
b.temporaryaccounts
c.revenueandexpenseaccounts
d.permanentaccounts
16.WhichofthefollowingstatementsisTrue?
(D)
a.Thecreditsideofanaccountimpliessomethingfavorable.
b.Foragivenaccount,totaldebitsmustalwaysequaltotalcredits.
c.Transactionsareinitiallyrecordedinaledgeraccount
d.Journalizingmeansenteringtheeconomiceffectofeachtransactioninajournalinchronologicalorderunderthedouble-entrysystem.
17.Financialstatementscanbepreparedfrom(B)
a.thetrialbalance
b.theadjustedtrialbalance
c.thejournal
d.theledger
18.WhichofthefollowingstatementsisFalse?
(A)
a.Afterabankreconciliationhasbeencompleted,thecompanymustmakejournalentriestoadjustforalloutstandingchecks.
b.AbankreconciliationforthemothofSeptemberwillbeginwith“balanceperbook”and“balanceperbankstatement”atSeptember30.
c.Acheckthatisoutstandingfortwoconsecutivemonthsshouldbeincludedinbothmonths’bankreconciliations.
d.Acreditmemorandumonabankstatementindicatesanadditiontothebankbalance.
19.VoucherRegisteris(B)
a.Arecordofvouchersthathavebeenpaid
b.Thejournalthatcontainsarecordofeachapprovedvoucher
c.Alistofdebts
d.Adocumentthatauthorizespayment.
20.Estimatedbaddebtsaspresentedontheincomestatementis(C)
a.Allowanceforuncollectibleaccounts
b.Credit
c.Uncollectibleaccountsexpense
d.Revenue
21.TheGAAPassetsthatanitemshouldbeincludedinafinancialstatementifitsomissionormisstatementwouldtendtomisleadtheusersoffinancialstatementsisknownas(C)
a.thecost-benefitcriterion
b.thegoingconcernconvention
c.thematerialityconvention
d.reliability
22.Accountsreceivable,notesreceivable,andinterestreceivableareallclassifiedas__________onthebalancesheet.(A)
a.assets
b.liabilities
c.owners'equity
d.receivables
23.Whichbookordocumentisalistofallaccountsandtheirbalances?
(B)
a.thejournal
b.thetrialbalance
c.theledger
d.thechartofaccounts
二、多项选择题
1.Threemajorfieldsofaccountingactivityare:
()
a.socialaccounting
b.privateaccounting
c.publicaccounting
d.governmentalaccounting
2.Thethreeformsofbusinessorganizationsare:
()
a.Corporation
b.Enterprise.
c.Singleproprietorship
d.Partnership
3.Specializedfieldsofaccountinginclude:
()
a.costaccounting
b.taxaccounting
c.governmentalandnot-for-profitaccounting
d.HRaccounting
e.internationalaccounting
4.Theinterestedusersoffinancialinformationinclude:
()
a.Banksandothercreditors
b.Managers
c.Stockholders
d.Investmentadvisors
e.Governmentalagencies
5.Long-termassetscanbefurtherclassifiedinto:
()
a.long-terminvestments
b.fixedassets
c.intangibleassets.
d.capitalstock
6.Thenecessarydataforpreparingthebalancesheetandincomestatementareaccumulatedinmajorcategoriesofledgeraccountsincluding:
()
a.assetsaccounts
b.liabilitiesaccounts
c.owners’equityaccounts
d.revenuesaccounts
e.expensesaccounts
7.Adjustingentriesmadetoalignrevenueandexpensewiththeappropriateperiodsconsistof:
()
a.Apportioningrecordedcosttoperiodsbenefited.
b.Apportioningrecordedrevenuetoperiodsinwhichitisearned
c.Accruingunrecordedexpenses
d.Accruingunrecordedrevenue
e.Merchandiseinventoryadjustment
8.Assumeendinginventoryisoverstatedbecausesomeinventoryisaccidentallycountedtwice.Whichofthestatementsbelowregardingthissituationistrue?
()
a.Netincomeforthisaccountingperiodwillbeoverstated.
b.COGSforthisaccountingperiodwillbeoverstated
c.Netincomeinthenextaccountingperiodwillbeunderstated.
d.EndingRetainedEarningsinthenextaccountingperiodwillbecorrect.
9.Whichstatementbelowregarding"closingprocedures"iscorrect?
()
a.Closingproceduresonlyapplytotemporaryaccounts.
b.Closingthebooksmeanstopreparetheaccountsfornextperiod'stransactions.
c.Theclosingprocessonlyappliestopermanentaccounts.
d.EventuallyclosingentriestransfertemporaryaccountbalancestoRetainedEarnings.
三、判断题
1.Thenormalbalanceofanaccountappearsonthesideforrecordingincreases()
2.Itiscustomarytoincludeanyamountsreceivedfromcustomersbuthasnotyetearnedasrevenueincurrentliability.()
3.Financialpositionofanorganizationcanbestbedeterminedbyreferringtotheincomestatement.()
4.ManagerialaccountingisgovernedbyGAAP.()
5.Currentassetsarepresentedintheorderofliquidityorconvertibilityintocash;whilecurrentliabilitiesarelistedintheorderthattheycomedue.()
6.Closingproceduresonlyapplytopermanentaccounts.()
7.Netincomeornetlossintheincomestatementisreflectedintheowners’equitysectiononthebalancesheetattheendoftheaccountingperiod.()
8.Retainedearningrepresentsexactlywhatthetermimplies:
thatportionofnetincomethecompanyhasretained.()
9.BusinessfirmswhoseaccountingyearendsonDecember31aresaidtobeonacalenda
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