期期末测试题Ⅰ、Translate The Following Terms Into Chinese 、1、entity concept 主题概念2、depreciation折旧3、double entry system4、inventories5、stable monetary unit6、opening balance7、current asset 8、financial report9、prepaid expense 10、internal control11、cash flow statement 12、cash basis13、tangible fixed asset 14、managerial accounting15、current liability 16、internal control17、sales return and allowance 18、financial position19、balance sheet 20、direct write-off methodⅡ、Translate The Following Sentences Into Chinese 、1、Accounting is often described as an information system、It is the system that measures business activities, processes into reports and communicates these findings to decision makers、2、The primary users of financial information are investors and creditors、Secondary users include the public, government regulatory agencies, employees, customers, suppliers, industry groups, labor unions, other companies, and academic researchers、3、There are two sources of assets、One is liabilities and the other is owner’s equity、Liabilities are obligations of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets or services in the future、资产有两个来源，一个就是负债，另一个就是所有者权益。

负债就是由过去得交易或事件产生得实体得义务，其结算可能导致未来资产或服务得转让或使用。

4、Accounting elements are basic classification of accounting practices、They are essential units to present the financial position and operating result of an entity、In China, we have six groups of accounting elements、They are assets, liabilities, owner’s equity, revenue, expense and profit (income)、会计要素就是会计实践得基础分类。

它们就是保护财务状况与实体经营得重要部分。

在中国，我们有六个会计要素。

它们就是资产，负债，所有者权益，收入，费用与利润（收入）。

5、The general journal (or journal) is a book of original entry that linksthe debits and credits of individual transactions by providing a complete record of each transaction in one place, in chronological order、普通日记账（或日记账）就是一个链接这借方与个别交易得信用得一本原始条目，就是按时间顺序，在一个地方提供一个完整得交易记录。

Ⅲ、Please find the best answers to the following questions、1.Which of the following statement is false?a.The partnership form of business organization protects the personalassets of the owner from creditors of the businessb. A proprietorship has a single ownerc.Accounting is the information system that measures business activities,processes that information into reports, and communicates the results todecision makers、d.The FASB determines how accounting is practiced in the United States2.The principle or concept that holds that an entity will remain in operation forthe foreseeable future is thea.going-concern conceptb.stable-monetary-unit conceptc.reliability principled.cost principle3.Aftin Co、performs services on account when Aftin collects the accountreceivablea.assets increaseb.assets do not changec.owner’s equity decreasesd.liabilities decrease4、An income statement reports 、a、the assets, liabilities, and owner’s equity on a particular dateb、 the change in the own er’s capital during the periodc、 the cash receipt and cash payment during the periodd、the difference between revenues and expenses during the period5、 The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000If net income was $ 1,500 and there were no withdrawals, how much did the owner invest?a.$ 4,500b.$ 6,000c.$ 45,000d.$ 43,0006、 Traylor Company paid $ 2850 on account、The effect of this transaction on the accounting equation is to 、A、D ecrease assets and decrease owner’s equityB、I ncrease liabilities and decrease owner’s equityC、H ave no effect on total assetsD、D ecrease assets and decrease liabilities7、 The journal entry to record the collection of $ 890 from a customer on account is 、A、A ccounts Payable 890Cash 890B、C ash 890Accounts Receivable 890C、C ash 890Account Payable 890D、C ash 890Service Revenue 8908、 The ending Cash account balance is $ 57600、During the period, cash receipts equal $ 124,300、If the cash payments during the period total $ 135,100, then the beginning Cash amount must haveA.$ 68,400B.$ 46,800C.$ 181,900D.Cannot be determined from the information given9、 Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance 、Accounts receivable $ 7,200Accounts payable 6,900Building 179,400Cash 15,800Capital 64,000Insurance expense 6,500Salary expense 56,100Salary payable 3,600Service revenue 190,500A.$ 201,000 B $ 137,100 C $ 265,000 D $ 74,50010、Which of the following statements is correct? 、A、T he chart of accounts is a list of all accounts with their balancesB、The trial balance is a list of all accounts with their balances, divided as debit or creditC、The ledger is maintained in chart-of-accounts orderD、B oth B and C are correct11、Which of the following items is the greatest in dollar amount?( )A、beginning inventoryB、cost of goods soldC、cost of goods available for saleD、ending inventory12、A company performs service on account t, when it collects the accounts receivable ( )A、assets increase B 、assets don’t changeC、owner’s equity decreaseD、liabilities decrease13、The economic resources of a business are called ( )A、owner’s equityB、assetsC、accounting equation D 、liabilities14、Which of the following financial statements shows the financial position of a business entity at a specified date?A、balance sheetB、income statementC、statement of retained earningsD、cash flow statement15、The purchase of office supplies on account will ( )A、increase an asset and increase owner’s equityB、increase an asset and decrease another assetC、increase an asset and increase a liabilityD、increase an asset and decrease a liability16、Which of the following items is not an element of the balance sheet? ( )A、assetsB、expensesC、liabilitiesD、owner’s equity17、A transaction caused a$10000 decrease in both total assets and liabilities、This transaction could have been( )A、purchase of a delivery truck for $10000 cashB、an asset with a cost of $10000 was destroyed by fireC、repayment of a $10000 bank loanD、collection of a $10000 account receivable18、Transferring transaction data from the journal to the ledger is called ( )A、postingB、recordingC、journalizingD、interpreting19、For purpose of the cash flow statement ,the term cash includes cash onhand ,cash on deposit, and ( )A、cash in banksB、paper moneyC、cash equivalentsD、coins20、The principle that holds that an entity will remain in operation for the foreseeable future is the ( )A、going-concern conceptB、stable-monetary-unit conceptC、reliability principleD、cost principleⅣ、Recording transactions in the general journal using the following accounts: Fixed Assets(固定资产), Cash(现金), Rent Expense(房租费用), Accounts Receivable(应收账款), Accounts Payable(应付账款), Sales(销售收入)、1、Sunrise Co、Ltd paid the rent for $ 8,000、2、Sunrise Co、Ltd purchases a new computer for $ 2,000, not paid、3、Sunrise Co、Ltd sells software for $ 30,000 and sends their customer an invoice、They allow their customer 30 days to pay them for this software (on account)4、Sunrise Co、Ltd sells software and receives a check from the customer for $ 36,000 for the service provided、5、Sunrise Co、Ltd designs a network system for a customer and receives a check for $ 40,000、6、Sunrise Co、Ltd purchases $ 500 worth of office supplies on account、7、Sunrise Co、Ltd pays the computer company $ 2,000 with a check for the computers that they bought、8、Sunrise Co、Ltd receives a check from the customer who they billed $ 5,000 for services and allowed 30 days to pay、。