专业英语习题
一、单项选择题
1. Which of the following are reported in the stockholders’ equity ction of the balance sheet? ( )
b.dividends and retained earnings
< stock and dividends
< stock and retained earnings
2. Current asts are prented in the balance sheet in order of ( )
a.dollar amounts
b.liquidity
c.solvency
申请韩国留学d.the alphabet
3. Current liabilities include all of the following except ( )
a.accrued wages payable
b.advance received from customer
c.current portion of long-term loan川芎的作用和功效
d.prepaid expens
4. Credit terms of 2/10 n/30 indicate: ( )
a.a 2% discount if 10 items are purchad
< payment is required until the 31st day after the invoice date
c. a 10% discount if 2 items are purcha
d.
d.a 2% discount for amounts paid within 10 days of the invoice and the remaining假如给我三天光明读后感
balance due within 30 days
5. Which statement regarding the inventory turnover ratio is Not True? ( )
a.The ratio measures the average rate of speed inventories move through and out of
company.
b.Inventory turnover=Average Inventory COGS
c.Inventory turnover figures vary considerably from industry to industry.
天麻乳鸽汤d.A low inventory turnover can result from an overextended inventory position or
from inadequate sales volume.
6. Which statement regarding the liabilities and owners’ equity ction of balance sheet is Fal? ( )
a.Payment of Dividend Payable eliminates both the asts and the owners’ equity
b.Liabilities are debts or obligations that must be discharged in money or rvices in
the future
c.Owners’equity is a residual claim to the remaining asts after discharge of
debts.
d.Balance sheet of corporations should parate Capital Stock and Retained
Earnings.
7. What is the difference between the quick and current ratio? ( )
a.The quick ratio deals with the company’s ability to pay its liabilities whereas the
current ratio does not
b.The current ratio is a more stringent(严格的) test of liquidity than the quick ratio.
c.The quick ratio excludes inventory, which the current ratio includes for calculation
purpos.
d.Management primarily us the current ratio whereas investors and analysts are
the primary urs of the quick ratio.
8. What of the following is Not an example of apportionment of recorded costs? ( )
a.Depreciation of fixed asts
b.Reallocation of receipts in advance.
c.Expiration of insurance premium.
d.Consume of supplies.
9. For its most recent year, a corporation had beginning and ending accounts receivable balances of $50,000 and $60,000, respectively. The year's sales on account were $800,000. What was the amount of cash received from customers during the year? ( )
a.$790,000
b.$820,000展示厅设计
c.$810,000
d.$800,000
10. Sales revenue $200,000, beginning inventory $30,000, inventory purchad $100,000 and inventory sold $90,000. It is true that ( )
11. Urs of financial information may be classified as internal or external. Which following statement is true regarding financial information urs? ( )
a.External urs evaluate the performance of a company's management using
management accounting reports.
b.Financial accounting provides information to managers and external urs, such
as potential investors.
c.Many laws require managerial accounting reports be reported to various levels of
the government.
d.Management accounting provides information to managers and external urs,
such as potential investors.
12. What does the term ‘net realizable value’ mean regarding Accounts Receivable? ( )
a.Net realizable value is the balance in the Accounts Receivable account as of a given
date.
b.Net realizable value is what a company’s Accounts Receivable accounts will bring
if they are sold to a third party.
c.Accounts Receivable less Allowance for Uncollectible Accounts will equal the net
realizable value of Accounts Receivable
越南芽庄旅游攻略d.Net realizable value is the balance in the Allowance for Uncollectible Accounts as of
a given date.
13. Which of the following statements about a trail balance is incorrect? ( )
a.It’s primary purpo is to prove the mathematical equality of debits and credits
after posting
b.It uncovers certain errors in the journalizing and posting
c.It is uful in the preparation of financial statements
d.It proves that all transactions have been recorded.
14. In the closing process all of the revenues and expens account balances are transferred to the ( )
a.capital account
b.income summary account
d.dividends account
15. The post-closing trial balance consists only of ( )
a.Ast and liability accounts
d.permanent accounts
16. Which of the following statements is True? ( D )
a.The credit side of an account implies something favorable.
b.For a given account, total debits must always equal total credits.
c.Transactions are initially recorded in a ledger account
d.Journalizing means entering the economic effect of each transaction in a journal in
chronological order under the double-entry system.
17. Financial statements can be prepared from ( B )
a.the trial balance
b.the adjusted trial balance
c.the journal
d.the ledger
18. Which of the following statements is Fal? ( A )
绿森数码a.After a bank reconciliation has been completed, the company must make journal
entries to adjust for all outstanding checks.
b.A bank reconciliation for the moth of September will begin wi th “balance per
book” and “balance per bank statement” at September 30.
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c. A check that is outstanding for two concutive months should be included in both
months’ bank reconciliations.
d.A credit memorandum on a bank statement indicates an addition to the bank
balance.
19. Voucher Register is ( B )
