rcise外企财务英语考试题.doc

ExerciseI. Multiple choices （15*2=30）1. which of the following does not belong to source document?A. sales orderB. purchase orderC. receiptD. ledger2. The primary objective of financial reporting is _.A. to present information in an ethical mannerB. to provide information to the federal governmentC. to provide information useful for investment and lending decisionsD. to provide information useful to managers in making daily decisions.3. Which of the following is not an element of accounting equation?A. assetsB. liabilitiesC. owners equityD. capital4. Which of the following statements is true?A. Revenues are assets because they represent economic benefits.B. Assets are economic resources that are expected to benefit future periods.C. The accounting equation can be stated as Assets + Liabilities = Owners EquityD. Liabilities are economic obligations to insiders.5. Aftin co. performed services on account. When Aftin collects the account receivable, _A. assets increaseB. assets do not changeC. owners equity decreasesD. liabilities decrease6. which of the following transactions would not affect owners equity? A. Payment of an account payableB. Payment of salary expenseC. Service provided on accountD. Withdrawal of cash by owner7. An income statement reports _.A. the assets, liabilities, and owners equity on a particular dateB. the change in the owners capital during the periodC. the cash receipts and cash payments during the period.D. the difference between revenues and expenses during the period8. If assets increase $ 80 000 during the period and owners equity decreases $ 16 000 during the period, liabilities must have _A. increased $ 64 000.B. increased $ 96 000C. decreased $ 64 000D. decreased $ 96 0009. Which of the following items is not an element of the balance sheet?A. assetsB. expensesC. liabilitiesD. stockholders equity10. To record the increases and decreases, which of the following items uses the same debit and credit rule as assets?A. expensesB. revenuesC. liabilitiesD. owners equity11. The listing of the accounts by title and numerical designation is called _.A. a balance sheetB. a ledgerC. a chart of accountsD. a journal12. which of the following financial statements shows the financial position of a business entity at a specified date?A. balance sheetB. income statementC. cash flow statementD. statement of retained earnings.13. At convenient intervals, the debit and credit amounts recorded in the journals are transferred to the accounts in the _.A. balance sheetB. ledgerC. trial balanceD. income statement14. The income statement prepared at the end of a year is called _.A. monthly income statementB. quarterly income statementC. annual income statementD. interim income statement15. we can say that an income statement is used to summarize the operating results of a business by matching the revenue earned during a given times period with _ incurred in obtaining that revenue.A. revenueB. expensesC. gainsD. cash disbursements16. _ activities are the principal revenue producing activities of the enterprise and the related expenditures.A. operatingB. investingC. financingD. managing17. Transferring transaction data from the journal to the ledger is called _.A. postingB. recordingC. journalizingD. interpreting18. _ can not be grouped into selling expenses.A. advertisingB. sales salariesC. delivery service outlayD. inventory19. in accounting cycle, the first step is to _.A. journalize transactionsB. identify transactionsC. post information from journal to ledgerD. prepare unadjusted trial balance20. which of these accounts has a normal debit balance?A. rent expenseB. account receivableC. service revenueD. both A and B have a normal debit balance.II. translate the following accounting terms into English. （5*4=20）1. 注册会计师2. 复式记账法3. 资产负债表4. 会计等式5. 明细分类账6. 现金流量表7. 流动比率8. 特许经销权9. 营业循环10. 抵押权III Make journal entries for the following transactions. (4*5=20 marks)Chart of accounts101 cash201 Account payable301 Capital401 sales501 supplies expenses102 account receivable202 Salaries payable302 Drawing502.Salary expense104 supplies503. Rent expense105 prepaid rent106 equipment1. K. Trading Co. bought supplies for $5000, paid cash 2500 and the rest to be paid in a month.2. K. Trading Co. bought equipment from A company on account $ 3000.3. K. Trading Co. pays monthly salaries on 15the of each month, suppose the payroll of May amounts to $ 5000 and it will not be paid until June 15. Present the journal entries for K. Trading Co. ate the end of May.4. K. Trading Co. sold a delivery truck at $ 20000 on account.IV. Following are the amounts (in thousand) of the assets, liabilities, and owners equity of ABC Co. at December 31, 2014, and its revenue and expenses for the year ended on that date. The items are listed in alphabetical order. Please prepare a classified balance sheet as of December 31, 2014 in account form. (30 marks)Account payable 45Income tax payableNotes receivable 10Accounts receivable 65Interest revenue 80Office equipment 60Buildings 250Inventory 25Rent expense35Cas