Exercise外企财务英语考试题.docx

Exercise外企财务英语考试题.docx

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Exercise外企财务英语考试题

Exercise

I.Multiplechoices（15*2=30）

1.whichofthefollowingdoesnotbelongtosourcedocument?

A.salesorder

B.purchaseorder

C.receipt

D.ledger

2.Theprimaryobjectiveoffinancialreportingis___.

A.topresentinformationinanethicalmanner

B.toprovideinformationtothefederalgovernment

C.toprovideinformationusefulforinvestmentandlendingdecisions

D.toprovideinformationusefultomanagersinmakingdailydecisions.

3.Whichofthefollowingisnotanelementofaccountingequation?

A.assets

B.liabilities

C.owner'sequity

D.capital

4.Whichofthefollowingstatementsistrue?

A.Revenuesareassetsbecausetheyrepresenteconomicbenefits.

B.Assetsareeconomicresourcesthatareexpectedtobenefitfutureperiods.

C.TheaccountingequationcanbestatedasAssets+Liabilities=Owner’sEquity

D.Liabilitiesareeconomicobligationstoinsiders.

5.Aftinco.performedservicesonaccount.WhenAftincollectstheaccountreceivable,___

A.assetsincrease

B.assetsdonotchange

C.owner’sequitydecreases

D.liabilitiesdecrease

6.whichofthefollowingtransactionswouldnotaffectowner'sequity?

A.Paymentofanaccountpayable

B.Paymentofsalaryexpense

C.Serviceprovidedonaccount

D.Withdrawalofcashbyowner

7.Anincomestatementreports____.

A.theassets,liabilities,andowner’sequityonaparticulardate

B.thechangeintheowner’scapitalduringtheperiod

C.thecashreceiptsandcashpaymentsduringtheperiod.

D.thedifferencebetweenrevenuesandexpensesduringtheperiod

8.Ifassetsincrease$80000duringtheperiodandowner’sequitydecreases$16000duringtheperiod,liabilitiesmusthave__

A.increased$64000.

B.increased$96000

C.decreased$64000

D.decreased$96000

9.Whichofthefollowingitemsisnotanelementofthebalancesheet?

A.assets

B.expenses

C.liabilities

D.stockholder’sequity

10.Torecordtheincreasesanddecreases,whichofthefollowingitemsusesthesamedebitandcreditruleasassets?

A.expenses

B.revenues

C.liabilities

D.owners’equity

11.Thelistingoftheaccountsbytitleandnumericaldesignationiscalled____.

A.abalancesheet

B.aledger

C.achartofaccounts

D.ajournal

12.whichofthefollowingfinancialstatementsshowsthefinancialpositionofabusinessentityataspecifieddate?

A.balancesheet

B.incomestatement

C.cashflowstatement

D.statementofretainedearnings.

13.Atconvenientintervals,thedebitandcreditamountsrecordedinthejournalsaretransferredtotheaccountsinthe___.

A.balancesheet

B.ledger

C.trialbalance

D.incomestatement

14.Theincomestatementpreparedattheendofayeariscalled____.

A.monthlyincomestatement

B.quarterlyincomestatement

C.annualincomestatement

D.interimincomestatement

15.wecansaythatanincomestatementisusedtosummarizetheoperatingresultsofabusinessbymatchingtherevenueearnedduringagiventimesperiodwith___incurredinobtainingthatrevenue.

A.revenue

B.expenses

C.gains

D.cashdisbursements

16.____activitiesaretheprincipalrevenueproducingactivitiesoftheenterpriseandtherelatedexpenditures.

A.operating

B.investing

C.financing

D.managing

17.Transferringtransactiondatafromthejournaltotheledgeriscalled____.

A.posting

B.recording

C.journalizing

D.interpreting

18.___cannotbegroupedintosellingexpenses.

A.advertising

B.salessalaries

C.deliveryserviceoutlay

D.inventory

19.inaccountingcycle,thefirststepisto____.

A.journalizetransactions

B.identifytransactions

C.postinformationfromjournaltoledger

D.prepareunadjustedtrialbalance

20.whichoftheseaccountshasanormaldebitbalance?

A.rentexpense

B.accountreceivable

C.servicerevenue

D.bothAandBhaveanormaldebitbalance.

II.translatethefollowingaccountingtermsintoEnglish.

（5*4=20）

1.注册会计师

2.复式记账法

3.资产负债表

4.会计等式

5.明细分类账

6.现金流量表

7.流动比率

8.特许经销权

9.营业循环

10.抵押权

III．Makejournalentriesforthefollowingtransactions.（4*5=20marks）

Chartofaccounts

101cash

201Accountpayable

301Capital

401sales

501suppliesexpenses

102accountreceivable

202Salariespayable

302Drawing

502.Salaryexpense

104supplies

503.Rentexpense

105prepaidrent

106equipment

1.K.TradingCo.boughtsuppliesfor$5000,paidcash2500andtheresttobepaidinamonth.

2.K.TradingCo.boughtequipmentfromAcompanyonaccount$3000.

3.K.TradingCo.paysmonthlysalarieson15theofeachmonth,supposethepayrollofMayamountsto$5000anditwillnotbepaiduntilJune15.PresentthejournalentriesforK.TradingCo.atetheendofMay.

4.K.TradingCo.soldadeliverytruckat$20000onaccount.

IV.Followingaretheamounts（inthousand）oftheassets,liabilities,andowners’equityofABCCo.atDecember31,2014,anditsrevenueandexpensesfortheyearendedonthatdate.Theitemsarelistedinalphabeticalorder.PleaseprepareaclassifiedbalancesheetasofDecember31,2014inaccountform.（30marks）

Accountpayable45

Incometaxpayable

Notesreceivable10

Accountsreceivable65

Interestrevenue80

Officeequipment60

Buildings250

Inventory25

Rentexpense

35

Cash20

Land100

Retainedearnings232

Capitalstock

350

Long-termbandspayable55

Salesrevenue650

Costofgoodssold250

Long-termnotespayable40

Tradingsecurities2

Deliveryequipment80

Machinery150

Suppliesexpense25

Incometaxexpense20

Notespayable

25

Wagesexpense75

..

.