《财会专业英语》期终试卷
the following into corresponding groups. (15 points)
on hand receivable to suppliers
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4. Other receivables loans asts
of production year profit 9. Capital rerve loans payables 12. Con-operating expens expens of sale 15. Accrued payroll
Asts Liabilities Owner’s
equtiy Cost Profit and
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II.Plea find the best answers to the following questions. (25 Points)
1.Aftin Co. performs rvices on account when Aftin collects the account
receivable
胡一天个人资料简介increa do not change
’s equity decreas decrea
2. A balance sheet report .
A. the asts, liabilities, and owner’s equity on a particular date
B. the change in the owner’s capital during the period
C. the cash receipt and cash payment during the period
D. the difference between revenues and expens during the period
3. The following information
information about
about the asts and liabilities at the end of 20 x 1 and 20 x 2 is given below:
20 x 1 20 x 2
Asts $ 75,000 $ 90,000
Liabilities 36,000 45,000 how much the owner’quity at the end of 20 x 2 ?
A.$ 4,500
B.$ 6,000
C.$ 45,000
D.$ 43,000
4. Traylor Company paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .
A. Decrea asts and decrea owner’s equity
B. Increa liabilities and decrea owner’s equity
C. Have no effect on total asts
D. Decrea asts and decrea liabilities
5. The entry to record the collection of $ 890 from a customer on account
is .
A. Payable 890
Cr. Cash 890
B. 890
Cr. Accounts Receivable 890
C. 890
Cr. Account Payable 890
D. 890
Cr. Service Revenue 890
6. The ending Cash account balance is $ 57,600. During the period, cash
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receipts equal $ 124,300. If the cash payments during the period total
$ 135,100, then the beginning Cash amount must have
A.$ 68,400
B.$ 46,800
C.$ 181,900 be determined from the information
given
索尔福德大学7. U the following lected information for the Alecia Company to
calculate the correct credit column total for a trial balance .
Accounts receivable $ 7,200
Accounts payable $ 6,900
Building $ 179,400
别具匠心的意思Cash $ 15,800
Capital $ 64,000
Insurance expen $ 6,500 Salary expen $ 56,100 Salary payable
$ 3,600
Service revenue
$ 190,500
A. $ 201,000
B. $ 137,100
C. $ 265,000
D. $ 74,500
8. ABC paid $500 for inventories in cash ,and purchad additional inventories on account for $700 i
n the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account?
A $ 500 B. $ 900 C. $ 1,200 D. $ 1,500
debit side of an account is ud to record
C. increas or decreas,depending on the type of account
,began the year with total asts of $120,000,liabilities of $70,000,and owner’s equity of $50, owner’s equity of $50, the year ABC the year ABC the year ABC earned revenue of earned revenue of earned revenue of $110,000 and paid $110,000 and paid espens of $30, also invensted an additional $20,000 in the business .how much is the owner’s equity at the end of the year?much is the owner’s equity at the end of the year?
A. $150,000
B.$180,000
C.$190,000
英语提升D.$220,000
1111．．Which of the following is true? __________. A. Owners’ Equity Owners’ Equity - Asts = Liabilities - Asts = Liabilities B. Asts Asts –– Owners’ Equity = Liabilities
C. Asts + Liabilities = Owners’ Equity
D. Liabilities = Owners’ Equity + Asts
1212．．Which of the is an example of an liability account? _____ ________. A. Service Revenue B.
Cash
C. Accounts Receivable
D. Short-term loans
1313．．Which of the following is a correct statement of the rules of debit and credit? ______.
A. Debits increa asts and decrea liabilities
这件事让我成长B. Debits increa asts and increa owners’ equity
C. Credits decrea asts and decrea liabilities
D. Credits increa asts and increa owners’ equity
1414．If earnings haven’t been distributed as dividends, it should have ．If earnings haven’t been distributed as dividends, it should have
been retained in the company. The name of this portion of number listed in the balance sheet is ____________.
A. paid-in capital
B. retained earnings
C. dividend
D. cash
1515．．
Plea lect the components which should be deducted from the original value of plant asts when we compute their net value _______. A. Merchandi inventory B. Income tax payable C. Accumulated depreciation D. Retained earnings
1616．． Which of the following would not be included on a balance sheet?
A. Accounts receivable.
B. Accounts payable.
C. Sales.
D. Cash.
17. Remington provided the following information about its balance sheet: Cash $ 100 Accounts receivable 500 Stockholders' equity 700 Accounts payable 200 Short-term loans 1,000
Bad on the information provided, how much are Remington's liabilities?
A. $200.
B. $900.
C. $1,200.
D. $1,700.
18. Gerald had beginning total stockholders' stockholders' equity equity of $160,000. During the year, total asts incread by $240,000 and total liabilities incread by $120,000. Gerald's net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?
A. $20,000.
B. $60,000.
C. $140,000.
D. $220,000. the asts of a business are $162,600 and the liabilities are $86,000,how
much is the owner’s equity?
A..$76,600
B. $248,600.
C. $147,000.
D. $250,000. Co. purchas on account when Aftin pay the account payable
increa do not change ’s equity decreas decrea income statement reports . A. the asts, liabilities, and owner’s equity on a particular date
B. the change in the owner’s capital during the period
C. the cash receipt and cash payment during the period
D. the difference between revenues and expens during the period following following information information information about about the the asts asts asts and and and liabilities liabilities liabilities at at the the end end of 20 x 1 and 20 x 2 is given below:
20 x 1
20
x 2 Asts
$ 75,000 $ 90,000
Liabilities
36,000
45,000
If net income income in in in 20 20 20 x x 2 was was $ $ 1,500 1,500 and and there there were were no withdrawals, withdrawals, how how much did the owner invest? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,000
