会计专业英语模拟试题及复习资料
《会计专业英语》模拟试题及答案
⼀、单选题（每题1分，共 20分）
1. Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost.
2）In order to achieve comparability it may sometimes be necessary to override the prudence concept.
3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclod. 4）To comply with the law, the legal form of a transaction must always be reflected in financial statements.
A 1 and 3
convergeB 1 and 4
C 3 only
D 2 and 3
2.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010
he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010?
A.$8 500 Dr
吃豆豆2004B.$8 500 Cr
C.$14 000 Dr
D.$14 000 Cr
3.Should dividends paid appear on the face of a company’s cash flow statement?
A. Yes
B. No
C. Not sure
D. Either
4.Which of the following inventory valuation methods is likely to lead to the highest
figure for closing inventory at a time when prices are dropping?
A. Weighted Average cost
B. First in first out (FIFO)
C. Last in first out (LIFO)
D. Unit cost
5. Which of following items may appear as non-current asts in a company’s the statement of financial position?
(1) plant, equipment, and property
(2) company car
(3) €4000 cash
(4) €1000 cheque
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A. (1), (3)
B. (1), (2)
C. (2), (3)
D. (2), (4)
6. Whi ch of the following items may appear as current liabilities in a company’s balance sheet?
(1) investment in subsidiary
(2) Loan matured within one year.
(3) income tax accrued untill year end.
(4) Preference dividend accrued
A (1), (2) and (3)
B (1), (2) and (4)weirdo
C (1), (3) and (4)
D (2), (3) and (4)
7. The trial balance totals of Gamma at 30 September 2010 are:
Debit $992,640
Credit $1,026,480
Which TWO of the following possible errors could, when corrected, cau the trial balance to agree?
1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.
2. The balance on the motor expens account $27,680 has incorrectly been listed in the trial balance as a credit.
3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles ast a
ccount.
4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance.
A 1 and 2
B 2 and 3
C 2 and 4
D 3 and 4
8. Theta prepares its financial statements for the year to 30 April each year. The company pays rent for its premis quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was $84,000 per year until 30 June 2010. It was incread from that date to $96,000 per year. What rent expen and end of year prepayment should be included in the financial statements for the year ended 30 April 2010?
Expen Prepayment
A $93,000 $8,000
B $93,000 $16,000
C $94,000 $8,000
D $94,000 $16,000dead a
9. At 30 September 2010, the following balances existed in the records of Lambda:
Plant and equipment: $860,000
Depreciation for plant and equipment: $397,000
During the year ended 30 September 2010, plant with a written down value of $37,000 was sold for $49,000. The plant had originally cost $80,000. Plant purchad during the year cost $180,000. It is the company.s policy to charge a full year depreciation in the year of acquisition of an ast and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010 for plant and equipment?
A $563,000
B $467,000
C $510,000
D $606,000
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10. A company’s plant and machinery ledger account for the year ended 30 September 2010 was as follows:
The company’s policy is to charge depreciation at 20% per year on the straight line basis, with proportionate depreciation in years of purcha and disposal. What is the depreciation charge for the year ended 30 September 2010?
A $74,440
B $84,040
C $72,640
D $76,840
11. Listed below are some characteristics of financial information.
(1) True
(2) Prudence
(3) Completeness
(4) Correct
Which of the characteristics contribute to reliability?
A (1), (3) and (4) only
B (1), (2) and (4) only
C (1), (2) and (3) only
D (2), (3) and (4) only
12. The plant and machinery cost account of a company is shown below. The company’s policy is to
charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.
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A. $67,000
thecupoflifeB. $64,200
C. $70,000
D. $68,600
13. In preparing its financial statements for the current year, a company’s closi ng inventory was understated by $300,000. What will be the effect of this error if it remains uncorrected?
A The current year’s profit will be overstated and next year’s profit will be understated
B The current year’s profit will be understated but there will be no effect on next year’s profit
C The curr ent year’s profit will be understated and next year’s profit will be overstated搋
D The current year’s profit will be overstated but there will be no effect on next year’s profit.
14. In preparing a company’s cash flow statement, which, if any, of the following items could form part of the calculation of cash flow from financing activities?
(1) Proceeds of sale of premis
(2) Dividends received
(3) Issue of shares
A 1 only
B 2 only
C 3 only
D None of them.
15. At 31 March 2009 a company had oil in hand to be ud for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil in hand was $9,300 and there was
an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 2010 totalled $34,600. Bad on the figures, what amount should appear in the company’s income statement for heating oil for the year?
A $23,900
B $36,100
C $45,300
D $33,100
16. In times of inflation In times of rising prices, what effect does the u of the historical cost concept have on a company’s ast values and profit?
A. Ast values and profit both undervalued
B. Ast values and profit both overvalued
C. Ast values undervalued and profit overvalued
D. Ast values overvalued and profit undervalued
17. Beta purchad some plant and equipment on 01/07/2010 for $60,000. The estimated residual value of the plant in 10 years time is estimated to be $6,000. Beta’s policy is to charge depreciation on the straight line basis, with a proportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Beta’s accou nting period of 18 months to 30/09/2010 ?
A. $5400
B. $900
C. $1350
D. $675
18. A company’s income statement for the year ended 31 December 2005 showed a n et profit of $83,600. It was later found that $18,000 paid for the purcha of a motor van had been debited to the motor expens account. It is the company’s policy to depreciate motor vans at 25 per cent per year on the straight line basis, with a full y ear’s cha rge in the year of acquisition. What would the net profit be after adjusting for this error?
A.$97,100
B.$70,100
英语词库C.$106,100
D.$101,600
19. Which of the following statements are correct?
(1) to be prudent, company charge depreciation annually on the fixed ast
(2) substance over form means that the commercial effect of a transaction must always be shown in the financial statements even if this differs from legal form
(3) in order to achieve the comparable, items should be treated in the same way year on year
A. 2 and 3 only
B. All of them
C. 1 and 2 only
D. 3 only
20. which of the following about accruals concept are correct?
(1) all financial statements are bad on the accruals concept
(2) the underlying theory of accruals concept and matching concept are same
(3) accruals concept deals with any figure that incurred in the period irrelevant with it’s paid or not
A. 2 and 3 only
B. All of them
C. 1 and 2 only
D. 3 only
⼆、翻译题（共30分）
1、将下列分录翻译成英⽂（每个2分，共10分）
1.借：固定资产清理 30 000
累计折旧 10 000
贷：固定资产 40 000
2.借：银⾏存款 10 500
贷：交易性⾦融资产 10 000
投资收益 500
3．借：应付职⼯薪酬 1 000
贷：库存现⾦ 1 000
4．借：银⾏存款 4 095
贷：其他业务收⼊ 3 500
应交税费–应交增值税（销项税额） 595
5．借：应付票据 40 000
贷：银⾏存款 40 000
2、将下列报表翻译成中⽂（每空1分，共20分）
1.ABC group the statement of financial position as at 31/Dec/2010
€
2.Non-current asts
