选择题英文

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会计英文考试范围

一、选择题：

1、Whatisthetermudtodescribethedifferencebetweenacompany’sastsanditsliabilities,

alsoresidualintheastsofanentitythatremainsafterdeductingitsliabilities?

Owner’sEquity.

2、Whichfinancialstatementshowswhetherthebusinesarnedaprofitandalsoliststhetypesand

amountsoftherevenuesandexpens?

Incomestatement

3、Whichofthefollowingisanothertermforowner’quity?

Netasts

4、Whichofthefollowingistrueoftheaccountingentityprinciple?

Meansthatbusinessrecordsshouldbekeptparatelyfromtheowner’sfinancialrecords.

5、Whichistheaccountingguidelinethatrequiresfinancialstatementinformationtobesupported

byevidenceotherthansomeone’simaginationoropinion?

Objectivityprinciple.

6、Ifabusinessisnotbeingsoldorclod,theamountsreportedintheaccountsforastsudin

acticeisjustifiedbywhichprinciple?

Costprinciple.

7、Iftheliabilitiesofabusinessincread$12,000duringaperiodoftimeandowner’quityinthe

businessdecread$2,000duringthesameperiod,theastsofthebusinessmusthave

increadordecreadbyhowmuch?

Incread$10,000

8、Apurchaofofficeequipmentforcashof$130wasrecordedasanadditiontoOfficeequipment

amountsunder-oroverstatedasaresultofthirror?

(“Understated”meanstoolowand“overstated”meanstoohigh.)

Asts,overstated$130;Liabilities,overstated$130.

9、Whatistheareaofaccountingthatpreparesinformationprimarilyforexternaldecisionmakers

called?

Financialaccounting.

10、ThefollowingtransactionsoccurredduringJuly:

-Received$700cashforphotographyrvicesprovidedtocustomerduringthemonth.

-Received$1,500cashforBarbaraJones,theownerofthebusiness.

-Received$800fromacustomerinpartialpaymentofhisaccountreceivablewhicharoasa

resultofsalesduringJune.

-Renderedphotographyrvicestoacustomeroncredit,$500

-Borrowed$2,500fromthebank

-Received$1,000fromacustomerinpaymentforrvicestobeperformednextyear

WhatwastheamountofrevenueforJuly?

$1,200

11、Howdowerecordanastscreatedbyapaymentforeconomicbenefitsthatdoesnotexpire

untilsomelatertime?

Recordasadebittoaprepaidexpenaccount.

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12、Howdowerecordaliabilitycreatedbythereceiptofcashfromcustomersinpaymentfor

productsorrvicesthathavenotyetbeendeliveredtothecustomers?

Recordasacredittoanunearnedrevenueaccount.

13、DuringthemonthofFebruary,HalCompanyhadcashreceiptsof$6,500andcash

disburmentsof$8,ruary28cashbalancewas$4,sthebeginning

(February1)cashbalance?

$5,800

14、Aimesopenedanewbusinessbyinvestingthefollowingasts:cash$4,000;land$20,000;

building$80,,thebusinesswillassumeresponsibilityforanotepayableof$32,000.

ournalentry

shouldbeudonthebooksofthenewbusinesstorecordtheinvestmentbyAimes?

Cash$4,000

Land$20,000

Building$80,000

Notepayable$32,000

Aimes,capital$72,000

15、Ofthefollowingindependenterrors,whichonebyitlfwillcauthetrialbalancetobeoutof

balance?

A$100receiptfromacustomerinpaymentofhisaccountpostedasa$100debittoCash

anda$10credittoAccountsreceivable.

16、Whatisthecorrectdescriptionofageneralledger?

Abookoffinalentry.

17、OnSeptember30,Accountspayablehadanormalbalanceof$2,September,the

accountwascreditedforatotalof$5,400anddebitedforatotalof$3,sthe

balanceintheAccountspayableatthebeginningofSeptember?

An$800creditbalance.

18、Whichofthefollowingisacredit?

Adecreainanexpenaccount.

19、Whichcolumninjournalsandaccountsisudtocross-referencejournalandledgerentries?

PostRef.

20、OnApril30,HalCompanyhadanAccountsReceivablebalanceof$37,themonth

ofMay,totalcredittoAccountsReceivablewere$24,000,whichresultedfromcustomer

31AccountsReceivablebalancewas$32,stheamountof

creditsalesduringMay?

$19,000

21、IfanaccountantforgottorecordDepreciationonofficeequipmentattheendofanaccounting

period,whichofthefollowingwouldbetrueregardingthestatementspreparedatthattime?

Theasts,netincomeandowner’quityareoverstated.

22、TheCrimsonCartageCompanypurchadanewtruckatacostof$42,000onJuly1,

truckistimatedtohaveaufullifeof6yearsandasalvagevalueof$6,h

DepreciationexpenwillberecordedforthetruckduringtheyearendedDecember31,2001

assumingthestraight-linemethod?

$3,000

23、TheOfficeSuppliesaccountshowsabeginningbalanceof$600andanendingbalanceof$400.

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Ifofficesuppliexpenfortheyearis$3,100,whatamountofofficesupplieswaspurchad

duringtheperiod?

$2,900

24、IfaccruedsalarieswererecordedonDecember31withacredittoSalariesPayable,whatwould

theentrytorecordpaymentofthewagesonJanuary5include?

AdebittoSalariesPayableandacredittoCash.

25、HCF,financecompany,lendsAbleBusiness$2,400at5%for3monthsonDecember1,2001.

WhatshouldHCF’sadjustingentryonDecember31,2001include?

AcredittoInterestEarnedfor$10.

26、Josh’sComputerBusinessownscomputerequipmentthatcost$6,000whenitwaspurchad

rentbookvalueis$2,theDepreciationexpenperyear

usingstraight-linemethod?

$1,200

27、Whichofthefollowingdescribesthecurrentratio?

Helpstoasssacompany’sabilitytopayitsdebtsinthenearfuture.

28、Ontheworksheet,theincomestatementdebitcolumnshowsatotalof$56,ome

statementcolumntotalis$52,thenetincomeornetless?

Thenetlossofthisbusinessis$4,000.

29、TheJonGodfrey,Capitalaccounthasadebitbalanceof$1,200beforeclosingentriesaremade.

Iftotalrevenuesfortheyearare$55,200,totalexpens$39,800,andwithdrawalsare$9,000,

whatistheendingbalanceintheJonGodfrey,Capitalaccountafterallclosingentrieshave

beenmade?

$5,200

30、Anerrorisindicatedifthefollowinghasabalanceappearingonthenpost-closingtrialbalance:

DepreciationExpen,OfficeEquipment.

31、WallabyCompanyhadnetsalesof$694,000andcostofgoodssoldof$360,the

grossmarginratio?

48%

32、Whichofthefollowingisanexplanationofcostofgoodssold?

Costofgoodssoldisthetermudforthecostofbuyingandpreparingmerchandi.

33、Whichofthefollowingisacharacteristicofmerchandiinventory?

Isacurrentast.

34、Whichphrabestdescribesaperpetualsystem?

Givesacontinualrecordoftheamountofinventoryonhand.

35、Whichoneofthefollowingqualitiesisrelatedtoaperiodicinventorysystem?

Washistoricallyudbycompaniesthatsoldlargevolumesofsmall,low-balanceitems.

36、Z-Martrecordedthefollowingjournalentry:

AccountsPayable……………………………….2500

MerchandiInventory……………………………….50

Cash…………………………………………….…2450

Whatisthistransaction?

Apaymentoftheaccountpayableandrecognitionofacashdiscounttaken.

37、WhattransactioncausadebittoSalesreturnandallowancesandacredittoAccounts

receivable?

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Whenacustomerreturnsmerchanditotheller,thintryisrecordedbytheller.

38、Duringtheclosingprocess,f

thefollowingaccountswouldbeclodwithadebit?

Sales.

39、Inaperiodicsystem,thecostofmerchandiinventoryisdeterminedbywhat?

Thecostofmerchandionhandisdeterminedbyrelatingthequantitiesonhand(as

determinedbyaphysicalcount)torecordsshowingeachitem’soriginalcoat.

40、AldrigeCompanypurchad$1,800ofmerchandionDecember5,terms2/10,n/

December7,$mber

15,stheamountofthecheque?

$1,568

41、CanTexhad$thecorrecttreatment?

DebitCashOverandShortfor$54.

42、ZimbooruCompanyhad$sthecorrecttreatment?

CreditCashOverandShortfor$12.

43、Thecustodianofa$500pettycashfundhas$62.50incoinsandcurrencyplus$432.50in

lltheentrytoreplenishthepettycashfundinclude?

AcredittoCashfor$437.50.

44、EpsCoplanstoeliminatea$rentbalanceintheaccountincludes

$45inreceiptsand$lltheentrytoeliminatethefundinclude?

DebittoCashfor$165.

45、Onwhatdatedoesa90-daynoteissuedonJuly10mature?

October8.

46、Microtech’h’s

fthefollowingstatementsbest

explainsthecomparisonbetweenthetwocompanies?

NetTechhasthebetterturnoverforbothyears.

47、OnNovember15,2002,dedthatacustomer’s$4400accountreceivable

fectwillthiswrite-offhaveon

Leskowich’s2002netincomeandbalancesheettotalsassumingtheallowancemethodisud

toaccountforbaddebts?

Noeffectonnetincomeorontotalasts.

48、Whatistheaccountingprocedure(1)estimatesandreportsandreportsbaddebtexpenfrom

creditsalesduringtheperiodofthesales,and(2)reportaccountsreceivableattheamountof

cashproceedsthatixpectedfromtheircollection?

Allowancemethodofaccountingofbaddebts.

49、Whatarequickasts?

Cash,short-terminvestments,accountsreceivable.

50、Forwhatreasonmightabankissueadebitmemorandum?

Tonotifyadepositorofadeductiontoadepositor’saccount.

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题目：TheinformationshownbelowwastakenfromExeterCompany’sincomestatementforthe

year-endedDecember31,2002:

Sales……………………………………………$946,000

Netsales………………………………………..$918,000

Operatingexpens…………………………….$218,000

Supplementalrecordsshowedthefollowinginformation:

Merchandiinventory,December31,2001…………………$35,000

Purchas……………………………………………………..$615,700

Purchareturnsandallowances……………………………..$21,000

Purchadiscounts……………………………………………$17,000

Transportation-in…………………………………………….$26,000

Merchandiinventory,December31,2002………………….$50,500

AphysicalcountofthemerchandiinventoryonDecember31,2002showsabalanceonhand

of$42,’sgrossmarginratiofortheyear-endedDecember31,2002was35%.

51、Whatwastheadjustedcostofgoodssoldbalanceasitwouldappearontheincomestatement

fortheyear-endedDecember31,2002?

$596,700

52、WhatwastheunadjustedcostofgoodssoldbalanceasatDecember31,2002?

$588,200

53、WhatwastheshrinkagerecordedformerchandiinventoryonDecember31,2002?

$8,500

54、Whatwasnetincomefortheyear-endedDecember31,2002?

$103,300

55、OnJan.1,$300,thefirstquarteroftheyear,it

purchad$1,050,000ofmerchandi,returned$14,800,andpaidfreightchargesonpurchad

merchandiof$46,rageda28%sduringthe

firstquarterwer$1,250,000,whatwastheestimatedinventoryattheendofthefirstquarter?

$482,100;300,000+1,050,000-14,800+46,900=1,382,100gdsavail-900,000cods=482,100

56、NepalAdventureSupplyCompanymarketsaclimbingkitandusaperpetualinventorysystem

inningbalanceoftheinventoryandtransactionsduring

Januarywereasfollows:

Jan.1:Balance:18unitsat$13each

Jan.12:Purchad30unitsat$14each

Jan.19:Sold24unitsforallingpriceof$20each

Jan.20:Purchad24unitsat$17

Jan.27:Sold27unitsforallingpriceof$20each

Iftheendinginventoryisvaluedat$276,whatinventorymethodwasud?

LIFO

57、Whichofthefollowingmethodsofinventoryvaluationisappropriateonthebalancesheet?

AorB,whicheverislower.

58、AcompanyusFIFOin20*1andswitchestoLIFOin20*ccountingprincipleor

concepthasbeenviolated?

consistency

59、Anoverstatementoftheendinginventoryin20*1willhavethefollowingeffectsoncostof

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goodssoldandnetincomein20*2:

CostofGoodsSold：overstateNetIncome：understate

60、Undertheretailinventorymethod,freight-inwouldbeincludedinthecalculationofthegoods

availableforsaleforwhichofthefollowing?

Cost：YesRetail：No

61、Whencomputingtheamountofinterestcosttobecapitalized,theconceptof“avoidableinterest

refersto：

thatportionoftotalinterestcostwhichwouldnothavebeenincurredifexpendituresfor

astconstructionhadnotbeenmade.

62、Whenspecificfundsareborrowedtopayforconstructionofaststhatqualifyforcapitalization

ofinterest,theexcessfundsnotneededtopayforconstructionmaybetemporarilyinvestedin

stearnedonthetemporaryinvestmentsshouldbe：

udtoreducethecostofastsbeingconstructed.

63、Foranonmonetaryexchangeofplantasts,iftheexchangelackscommercialsubstance,

accountingrecognitionshouldnotbegivento：

nogainorloss.

64、Thebookvalueofanastclassifiedasplantandequipmentisobtainedby：

deductingaccumulateddepreciationfromtheoriginalcostoftheast.

65、Plantastspurchadinexchangeforissuingazero-interest-bearingnoteshouldbeaccounted

foratthe：

prentvalueofthenote.

66、Uponpurchaofcertaindepreciableastsudinitsproductionprocess,acompanyexpects

tobeabletoreplacetheastsbyadoptingapolicyofneverdeclaringdividendsinamount

incomeiarnedeachyear,recordingdepreciationwill

coincquidform,

theastscouldbeudtoreplacethofullydepreciatedastsif：

pricesremainreasonablyconstantduringthelifeofproperty.

67、WCompanydeterminesthataprintingpressudinitsoperationshassufferedapermanent

ytorecordtheimpairment

shouldbetheexcessofthecarryingamountofanastoverthe：

higherofnetrealizablevaluewithprentvalueofexpectedfuturenetcashflows.

68、Chargingthecostofordinaryrepairstothemachineryandequipmentastaccountduringthe

currentyearwould：

Notaffectthetotalliabilitiesattheendofcurrentyear.

69、Theintangibleastgoodwillmaybe：

capitalizedonlywhenpurchad.

70、Purchagoodwillshouldbewrittenoff：

afterimpairmenttestshowsthathasimpairment.