专业英语 选择题

专业英语选择题Unit21. An entity that is organized according to state or federal statutes and in which ownership is divided into shares of stock is a _B_.A. Proprietorship B. CorporationC. Partnership D. Governmental Unit2. Which entity is separate from its owners ? BA. Proprietorship B. CorporationC. Partnership D. Governmental UnitWhich of the items条; ( item的名词复数 ) 一项; 一则; below is not a business organization form ?A. Proprietorship所有权，私营企业，业主权 B. Corporation公司; 法人C. Partnership伙伴关系; 合作关系; 合伙人身份; 合营公司D. Entrepreneurship企业家能力D 3. 1. ( )are the preconditions of identifying, measuring, recording and reporting economic transactions. 2. ( ) assumption implies the life of business should be divided into short ones. 3.( ) assumes the business will continue for a quite long time.4.( ) requires that money be used as the basic measuring unit . 答案：4个基本假设4. T or F?The accurate精确的，准确的information of the financial statement 财务报表is more useful than the relevance相关性 for decision makers.决策者 FUnit3-45. A. I/S B. B/S1. Salaries Payable 6. Kim Lee, Drawing 2. Fees Earned 7. Equipment 3. Accounts Payable 8. Accounts Receivable4. Kim Lee, Capital 9. Salary Expense5. Unearned Rent 10.Prepiad Insurance 6. The debit side of an account ( D )A. Depends on whether the account is an asset, liability or owners equity B. Can be either side of the account depending on how the accountant set up the system C. Is the right side of the account D. Is the left side of the account 7. An account is said to have a debit balance if ( A )A. The amount of the debits exceeds the amount of credits B. There are more entries on the debit side than on the credit sideC. Its normal balance is debit without regard to the amounts of entries on the debit side D. The first entry of the accounting period was posted on the debit side 8. Which of the following types of accounts have a normal credit balance( C )A. Assets and liabilities B. Liabilities and expenses C. Revenues and liabilities D. Capital and drawing 9. Which of the following types of accounts have a normal debit balance ( D )A. Assets and liabilities B. Liabilities and expenses C. Revenues and liabilities D. Assets and expenses 10. In which of the following types of accounts are increases recorded by debits ( D )A. Assets and liabilities B. Drawing , liabilities C. Expenses, liabilities D. Assets, expenses 11. In which of the following types of accounts are increases recorded by credits ( A )A. Revenues and liabilities B. Drawing , assets C. Liabilities, drawing D. Liabilities , expenses 12. The process of initially recording a business transaction is called ( C ) A. Trial balanceB. Posting C. Journalizing D. Balancing 13. Accrued expenses have( C )A. Not yet incurred, paid, or recorded B. Been incurred, not paid ,but have been recordedC. Been incurred, not paid, and not recordedD. Been paid but have not yet been incurred 14. Accrued revenue has ( B )A. Been earned and cash is received B. Been earned and not recorded as revenue C. Not been earned but recorded as revenue D. Not been recorded as revenue but cash has been received 15. Deferred expenses have ( D )A. Not yet been recorded as expenses or paid B. Been recorded as expenses and paid C. Been incurred and paidD. Not yet been recorded as expenses 16. Deferred revenue is revenue that is ( D )A. Earned and the cash has been received B. Earned but the cash has not been received C. Not earned and the cash has not been received D. Not earned but the cash has been received17. Which of the following accounts will be closed to the capital account at the end of the fiscal year ( C )A. Rent expense C. Income summaryB. Fees earned D. Depreciation expenseUnit518. The accounting equation may be expressed as ( D )A. Assets= Equities Liabilities B. Assets+ Liabilities =Owners equity C. Assets= Revenues Liabilities D. Assets-Liabilities = Owners equity 19. If total liabilities decreased by $25000during the period of time and owners equity increased by $30000 during the same period, the amount and direction(increase or decrease )of the periods change in total assets is ( C )A. $65000 increase B. $5000 decreaseC. $5000 increaseD. $65000 decrease 20. The asset created by a business when it makes a sale on account is termed ( D )A. Accounts payable B. Prepaid expenseC. Unearned revenueD. Accounts receivable 21. The debt created by a business when it makes a purchase on account is referred to as an ( A )A. Accounts payable B. Expense payable C. Asset D. Accounts receivable 22. Owners equity is increased by ( B )A. Cash B. Revenue C. Accounts receivable D. All o f the above 23. How does paying a liability in cash affect the accounting equation( C )A. Assets increase; liabilities decreaseB. Assets increase; liabilities increaseC. Assets decrease; liabilities decreaseD. Liabilities decrease; owners equity decrease 24. On April 1of the current year, the assets and liabilities of Jim Inc. are as follows: Cash, $10000;Accounts receivable, $8200;Supplies, $ 1050; Land, $25000; Accounts Payable, $ 6530. What is the amount of owners equity as of April of the current year( A )A. $ 37720B. $ 44430C. $21500D. $5078025. Which of the following financial statements reports information as of a specific date ( D )A. Income statement B. Statement of owners equity C. Statement of cash flowsD. Balance sheet Unit626. The monetary value charged to customers for the performance of services sold is called a(n)( D )A. Asset B. Net Income C. Capital D. Revenue 27. Revenues are reported when ( D )A. A contract is signed B. Cash is received from the customer C. Work is begun on the jobD. Work is completed on the job 28. Expenses are recorded when ( C )A. Cash is paid for services rendered B. A bill is received in advance of services rendered C. Services are rendered D. None of above 29. If beginning capital was $ 65000, ending capital is $ 43000, and owners withdrawals were $ 16000, the amount of net income or net loss was ( D )A. Net income of $ 37000B. Net income of $ 8000C. Net loss of $ 22000D. Net loss of $ 600030. The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time, such as a month or year, is called a(n)( C )A. Prior period statement B. Statement of owners equity C. Income statement D. Balance sheet 31. Identify those which of the following items should appear on the Income Statement.1. Rent Expense 2. Land 3. Capital 4. Fees Earned 5. Withdrawal 6. Wages Expense 7. Investment Unit1032. The type of account and normal balance of Petty Cash is an ( B )A. Revenue, CreditB. Asset, DebitC. Liability, CreditD. Expense, Debit33. Cash equivalents include ( C )A. Checks B. Coins and currency C. Money marke