Exercise外企财务英语考试题

1、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.

2、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. owner's equityD. capital4. Which of the following statements is tru

3、e?A. Revenues are assets because they represent economic benefits.B. Assets are economic resources that are expected to benefit futureperiods.C.The accounting equation can be stated as Assets +Liabilities =OwnerD. Liabilities are economic obligations to insiders.5 .Aftin co. performed services on ac

4、count. When Aftin collects the account receivable, _A. assets increaseB. assets do not changeC. owner s equity decreasesD. liabilities decrease6 . which of the following transactions would not affect owner's equity?A. Payment of an account payableB. Payment of salary expenseC. Service provided o

5、n accountD. Withdrawal of cash by ownerA. the assets, liabilities, and owner s equity on a particular dateB. the cthe owner s 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 $800du

6、ring the period and owner s equity decrease000 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. stockholder s equ

7、ity10 . To record the increases and decreases, which of the following itemsuses 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 accou

8、ntsD. a journal12 .which of the following financial statements shows the financialposition of a business entity at a specified date?A. balance sheetC. cash flow statementD. statement of retained earnings.13. At convenient intervals, the debit and credit amounts recorded inthe journals are transferre

9、d to the accounts in the _.A. balance sheetB. ledgerC. trial balanceB. expensesC. gainsD. cash disbursements16. _ activities are the principal revenue producing activities of theenterprise and the related expenditures.A. operatingB. investingC. financingD. managing17. Transferring transaction data f

10、rom 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 trans

11、actionsC. 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

12、=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=20marks)Chart of accounts101 cash201payable102account 202payable Account 301CapitalSalaries 302Drawing 401sales501 suppliesexpenses502.Salaryexpense503. Rent

13、expense105 prepaid rent106 equipment1 .K. Trading Co. bought supplies for $5000, paid cash 2500 and the rest to be paid in a month.104 supplies$ 3000.3 .K.Trading Co.pays monthly salaries on 15theof each month,suppose the payroll of May amounts to $ 5000 and it will not be paid until June 15. Presen

14、t the journal entries for K. Trading Co. ate the end of May.4 .K. Trading Co. sold a delivery truck at $ 200 on account.IV.Following are the amounts (inthousand)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 p