会计英语复习题

一:Choose the best answer for each statement below （ A ）1. Postings from the purchases journal to the subsidiary ledger are generally made: A. Daily. B. Weekly. C. Monthly. D. Yearly.（ D ）2 If beginning inventory is $50,000, cost of goods purchased is $260,000, and ending inventory is $40,000, cost of goods sold is:A. $300.000. B. $280,000. C. $210,000. D. $270,000.（ B ）3. ABC Company sells merchandise on Feb15 on account to XYZ Co. for $11,000, terms 2/10, n/30. On Feb24, payment is received from XYZ Co. What is the amount of cash received?A.$11,000 B. $10,780 C.$11,220 D. $220 ( C ) 4. Please select which components should less from the value of plant assets.A. Merchandise inventory B. Income tax payableC. Accumulated depreciation D.Retained earnings( D )5Which of the following is not a characteristic of plant assets?A. Tangible B. Long-livedC. Unchanged outlook D. For resale（ C ）6。 Please select the items which do not belong to the Balance Sheet: A. Long-term investment. B. Accounts receivable. C. Income tax expense. D. Retained earnings.（ D ）7. Who does not want to see your Balance Sheet? A. Creditor. B. Investor. C. Manager. D. Customer.（ C ）8. The equity method of accounting for long-term investments in stock should be used when the investor owns: A. Less than 20% of the common stock of the investee. B. More than 20% of the common stock of the investee. C. Between 20% and 50% of the common stock of the investee. D. More than 50% of the common stock of another entity.（ D ）9. Jane Smith earns $12 per hour for a 40-hour week and $22 per hour for any overtime work. If Jane works 48 works in a week, gross earnings are:A. $480. B. $576. C. $650. D. $656.（ B ）10. Decide which of the following statements is true.A. Since intangible assets lack physical substance, they need be disclosed only in the notes to the financial statements.B. Totals of major classes of assets can be shown in the balance sheet, with asset details disclosed in the notes to the financial statements.C. Goodwill should be reported as a contra-account in the owners equity section.D. Intangible assets are typically combined with plant assets and natural resources and shown in the property, plant, and equipment section. ( C ) 11. Please select which components should less from the value of plant assets.A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD.Retained earnings( D )12Which of the following is not a characteristic of plant assets?A. TangibleB. Long-livedC. Unchanged outlookD. For resale( A )13. In accounting, which of the following factors is not an estimate to determine the depreciation of a plant asset?A. CostB. Useful lifeC. Salvage valueD. Total units of output( C )14. Please select an item for not belong to the Balance Sheet.A. Long-term investmentB. Accounts receivableC. Income tax expenseD. Retained earnings( A )15. In general, which is the basis of preparing a Balance Sheet?A. Assets=Liabilities + Owners equityB. Assets - Liabilities = Owners equityC. Profits = Revenues - ExpensesD. Revenues =Profits + Expenses( A ) 16. In accounting, which of the following factors is not an estimate to determine the depreciation of a plant asset?E. Cost B. Useful lifeC. Salvage value D. Total units of output( C )17. Please select an item for not belong to the Balance Sheet.A. Long-term investment B. Accounts receivableC. Income tax expense D. Retained earnings( A )18. In general, which is the basis of preparing a Balance Sheet?A. Assets=Liabilities + Owners equityB. Assets - Liabilities = Owners equityC. Profits = Revenues - ExpensesD. Revenues =Profits + Expenses( C )19. The major elements of the income statement are: A. Revenue, cost of goods sold, selling expenses, and general expenseB. Operating section, cooperating section, discontinued operations, extraordinary items, and cumulative effectC. Revenues, expenses, gains and lossesD. All of these( D )20. Information in the income statement helps users to: A. Evaluate the past performance of the enterpriseB. Provide a basis for predicting future performanceC. Help assess the risk or uncertainty of achieving future cash flowsD. All of these（ D ）21. Jane Smith earns $12 per hour for a 40-hour week and $22 per hour for any overtime work. If Jane works 48 works in a week, gross earnings are:A. $480. B. $576. C. $650. D. $656.（ B ）22. Decide which of the following statements is true.E. Since intangible assets lack physical substance, they need be disclosed only in the notes to the financial statements.F. Totals of major classes of assets can be shown in the balance sheet, with asset details disclosed in the notes to the financial statements.G. Goodwill should be reported as a contra-account in the owners equity section.H. Intangible assets are typically combined with plant assets and natural resources and shown in the property, plant, and equipment section.（ A ）23. Postings from the purchases journal to the subsidiary ledger are generally made: A.Daily. B. Weekly. C. Monthly. D. Yearly.（ D ） 24. If beginning inventory is $50,000, cost of goods purchased is $260,000, and ending inventory is $40,000, cost of goods sold is:B. $300.000. B. $280,000. C. $210,000. D. $270,000.（ B ）25. ABC Company sells merchandise on Feb15 on account to XYZ Co. for $11,000, terms 2/10, n/30. On Feb24, payment is received from XYZ Co. What is the amount of cash received?A.$11,000 B.$10,780 C.$11,220 D.$220 参考答案：1-5 A D B C D,6-10 ; C D C D B11-15 C D A C A,16-20, A C A C D 21-25 D B A D B 二、Translate the following Chinese into English 第 4 页 共 6 页1、原始凭证 2、现金折扣 3、资产负债表 4、现金流量表 5、明细分类帐 6、流动负债 7、借方和贷方 8、复式记帐法 8、会计假设 10、债券投资 参考答案： 1、 original vouchers 2、 cash discount 3、 balance sheet 4、 statement of cashflow 5、 subsidiary ledgers 6、 current liabilities 7、 debit and credit 8、 double entry 9、 accounting assumptions 10、 bonds investment 三、Decide whether the statements are true or false. Write “T” for “True” and “F” for “False” （ T ）1Revenues increase owners equity. （ F ）2. Most companies have fewer balance of assets accounts than balance of liability account. （ T ）3. Debit means left，credit means right. （ F ）4. Debit means increase，credit means decrease. （ T ）5. The accounting reporting period agrees to the calendar year. （ F ）6. If revenues exceed expenses for the same accounting period，the entity is deemed to suffer a loss. （ T ）7. Expenses decrease owners equity. （ T ）8. The statement of cash flow is concerned only with cash and cash equivalents. （ F ）9. Accounting provides financial information that is only useful to a business management. （ F ）10. Accounting is another word for bookkeeping.( F ) 11. Accounting is another word for bookkeeping. ( F ) 12. Accounting provides financial information that is only useful to a business management. ( T )1 3. The statement of cash flow is concerned only with cash and cash equivalents. ( T ) 14. Expenses decrease owners equity. ( F )1 5. If revenues exceed expenses for the same accounting period，the entity is deemed to suffer a loss. ( T )1 6. The accounting reporting period agrees to the calendar year. ( F )17. Debit means increase，credit means decrease. ( T ) 18. Debit means left，credit means right. ( F )1 9. Most companies have fewer balance of assets accounts than balance of liability account. ( T )20Revenues increase owners equity. 参考答案： 1-5 T F T F T , 6-10 F T T F F， 11-15F F T T F ,16-20 T F T F T ;四、Intangible Assets无形资产Patents 专利Copyrights商标Goodwill商誉Current Assets流动资产Accounts Receivables应收账款Notes Receivables应收票据Inventories存货Plant Assets固定资产Vehicles车辆Furniture and Fixtures家具Equipments机器设备Buildings建筑物Accumulated Depreciation累计折旧Land土地五、Analyze the below transactions of FJ company and write down the accounting entry.1 John Whith and his family invested $6,000 in FJ Company and received 600 shares of stock.2. FJ Company sold the products to DEF Company for $2,000, DEF Company agrees to pay ABC within 20 days.3FJ Company paid its telephone bill for $100 cash. 参考答案1、Debit: Cash in Bank $6,000 Credit: Capital Stock $6,0002、Debit: Accounts Receivable $2,000 Credit: Prime Operating Revenue $2,0003、Debit: Administrative Expenses $100 Credit: Cash $100六、Sentences translation 1With a properly prepared balance sheet, you can look at a balance sheet at the end of each accounting period and know if your business has more or less value, if your debts are higher or lower, and if your working capital is higher or lower. 1、如果有了正确编制的资产负债表，你就能知道你公司的每一个会计期末的价值是更多了还是更少了，你的债务是更高了还是更低了，你的实收资本是更高了还是更低了。2It is a key figure for shareholders because it reveals the companys final income that can be distributed to shareholders and /or reinvested for future growth. 2、就股东而言，税后净利润是一个关键数据，因为它揭示了可分配给股东或为未来增长进行再投资的企业最终受益。3. Current assets are cash or items that can be converted into cash within a year. Cash, accounts receivable, inventory, marketable securities, prepaid expenses, and short-term inves