会计专业英语期末考试练习卷(new)1. The economic resources of a business are called : BA. Owner ’s EquityB. AssetsC. Accounting equationD. Liabilities2. DTK Company has a $3500 accounts receivable from GRS Company. OnJanuary 20, GRS Company makes a partial payment of $210 0 to DTK Company. The journal entry made on January 20 by DTK Company to record thistransaction includes: DA. A debit to the cash receivable account of $2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at: AA. Face value. 账面价值B. Current value. 现值C. Market value. 市场价值D. Estimated future sales value.4. Each of the following measures strengthens intern al control over cash receipts except : DA. The use of a voucher system.B. Preparation of a daily listing of all checks received through the mail.C. The deposit of cash receipts intact in the bank on a daily basis.D. The use of cash registers.5. Which of the following items is the greatest in dollar amount? DA. Beginning inventoryB. Cost of goods sold.C. Cost of goods available for saleD. Ending inventory6. Why do companies prefer the LIFO inventory 后进先出法method during aperiod of rising prices? BA. Higher reported incomeB. Lower income taxesC. Lower reported incomeD. Higher ending inventory7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment? DA. IntangibleB. Unlimited lifeC. Being sold in its useful lifeD. Not capable of rendering benefits to the business in the future.8. Which account is not a contra-asset account? BA. Depreciation ExpenseB. Accumulated DepletionC. Accumulated DepreciationD. Allowance for Doubtful Accounts9. What are the two factors that make o wnership of an interest in a general partnership particularly risky? AA. Mutual agency and unlimited personal liabilityB. Limited life and unlimited personal liability.C. Limited life and mutual agency.D. Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in the daily management of the business? DA. General partnersB. Limited liability partnersC. Sole proprietors 个体经营者D. Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA. Help their analysis of financial statementsB. Help their understanding of financial statementsC. Help their checking of financial statements.D. All of the above12. The current liabilities are $30 000, the long -term liabilities are $50 000, and the total assets are $240 000. What is the debt ratio? CA. 0.125B. 0.208C. 0.333D. 3.013. The horizontal analysis is used mainly to AA. Analyzing financial trendsB. Evaluating financial structureC. Assessing the pat performancesD. Measuring the term-paying ability14. Among the following ratios, which is used for long -term solvency analysis? 长期偿债能力分析 AA. Current ratio 流动比率B. Times-interest-earned ratioC. Operating cycleD. Book value per share15. A profit-making business that is a separate legal entity a nd in which ownership is divided into shares of stock is known as a DA. Sole proprietorship 个体独资公司B. Single proprietorshipC. Partnership 合伙公司D. Corporation 股份有限公司一、名词解释(10 分)(1) Journal entry ：日记账Journal entry is a logging of transactions into accounting journal items. It can consist of several items, each of which is eithera debit or a credit. The total of the debits must equal the total of the credits orthe journal entry is said to be "un balanced". Journal entries can record uniqueitems or recurring items such as depreciation or bond amortization.(2) Going concern ：持续经营The company will continue to operate in the near future, unless substantial evidence to the contrary exists.(3) Matching principle ：一致性原则(4) Working capital ：营运资金(5) Revenue expenditure ：收入费用二、会计业务（共35 分）1. On December 1, ME Company borrowed $250 000 from a bank, and promiseto repay that amount plus 12% interest (per year) at the end of 6 months.(1) Prepare the general journal entry to record obtaining the loan from thebank on December 1.(2) Prepare the adjusting journal entry to record accrual of the interestpayable on the loan on December 31.(3) Prepare the presentation of the liability to the bank on ME ’s Decemberbalance sheet.Answer:(1) D e bit: cash $250000Credit: current liabilities $250000(2) D e bit: Accrual Expense $5000 不确定Credit: Interest Payable $5000(3) P392. The following information relating to the bank checking account is availablefor Music Hall at July 31:Balance per bank statement at $20 0000July 31Balance per depositor ’s records 18 860 Outstanding checks 2 000 Deposits in transit 800 Service charge by bank 60 Prepare a bank reconciliation 银行对账工作fro Music Hall at July 31.Answer:P423. Please prepare the related entries according to the following accountingevents.1) Assume the Healy Furniture has credit sale of $1,200,000 in 2002. Of thisamount, $200,000 remains uncollected at December 31. The credit managerestimates that $12,000 of these sales will be uncollectible. Please prepare theadjusting entry to record the estimated uncollectible.2) On March 1, 2003 the manager of finance of H ealy Furniture authorizes awrite-off of the $500 balance owed by Nick Company. Please make the entry torecord the write-off.3) On July 1, Nick Company paid the $500 amount that had been written offon March 1.Answer:(1) D ebit: Uncollectible Accounts Expense 坏账损失$12000Credit: Allowance for Doubtful Accounts 坏账准备$12000(2) D ebit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3) D ebit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500Debit: Cash $500Credit: Accounts Receivable $500四、英译汉（40 分）(1) Accounting principles are not like physical laws; they do not exist in nature,awaiting discovery man. Rather, they are developed by man, in light of what weconsider to be the most importa nt objectives of financial reporting. In manyways generally accepted accounting principles are similar to the rulesestablished for an organized sport s uch as football or basketball.会计准则不像自然法则那样天生就存在等待人类去探索。